# Accounting Grade 10 Gauteng June 2017 Memo (English) > Grade 10 Accounting memorandum from the Gauteng June 2017 (English), 9 pages. Read online or get the free PDF download, question paper linked when available. - Page: https://www.hlayiso.com/library/gr10-acc-english-june-2017-possible-answers/213d2531-3453-4955-a2bd-e3ea0b5d66ec - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 10 - Language: English - Document type: Memorandum - Year: 2017 - Exam period: Gauteng June - Curriculum: CAPS - Pages: 9 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 10](https://www.hlayiso.com/library/grade-10) › [Accounting](https://www.hlayiso.com/library/grade-10/accounting) › [Accounting Grade 10 Gauteng June 2017 Memo (English)](https://www.hlayiso.com/library/gr10-acc-english-june-2017-possible-answers/213d2531-3453-4955-a2bd-e3ea0b5d66ec) ## About this document Accounting · Grade 10 · Gauteng June · 2017 · English. Memorandum, 9 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2017 GRADE 10 ACCOUNTING MEMORANDUM 9 pages 1 ### Page 2 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ACCOUNTING MEMORANDUM QUESTION 1 : ANALYSIS OF TRANSACTIONS General Ledger Subsidiary Ledger Equation A/c Dr A/c Cr A/c Dr A/c Cr Amount A O L E.g. Stationery Bank R300 - - 0 1 Capital✓ Bank✓ ✓R50 000 - - 0 Fixed + 2 Deposit: Bank✓ ✓R100 000 0 0 - NB Bank✓ Trading Creditors’ JB 3 ✓✓R3 570 + 0 + Stock Control Stationers Debtors’ 4 Sales N Costa ✓R9 100 + + 0 Control Cost of Trading ✓✓R6 500 + + 0 Sales Stock + 5 Petty Cash Bank ✓✓R870 0 0 - Debtors' Debtors’ 6 N Costa ✓1 360 - - 0 Allowance Control Trading 7 Drawings R1 600 - - 0 Stock Bank 8 Bank R380 + + 0 Charges Interest on Bank Current R520 + + 0 Account Interest on 9 Bank  fixed R800 - 0 - deposit✓ 60 2 ### Page 3 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 QUESTION 2 : CONTROL ACCOUNTS AND GENERAL JOURNAL 2.1 GENERAL JOURNAL (No narrations needed) Debtors' control Creditors' control Doc D Details F Dr Cr Dr Cr Dr Cr no. 31 Totals 1 800 970 1 150 70 1 Stationery 1 200 Trading stock 1 200* 2 Debtors’ allowances✓ 7 400 J Chan✓ 7 400 7 400 ✓* 3 Bad debts 780 I M Broke 780✓* 780 4 Mario Stores✓ 3 000 3 000✓ Marion Traders✓ 3 000* 3 000✓ ✓ 5 G. Hope 500 500✓ Bad debts recovered 500* 6 T. Pule  1 000 1 000 ✓ T. Pule ✓ 1 000 1 000 * ✓ *Award 1 mark if both Dr and Cr 3 300 9 150 4 150 4 070 are correct 35 3 ### Page 4 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 2.2 General ledger of Jalapeno Traders Debtors’ control account Mar 1 Balance b/d 85 200 Mar 31 Bank CRJ 110 000 31 Bank CPJ 4 000 Discount CRJ 1 700 Allowed  Sales DJ 135 900 Debtors' DAJ 1 710 allowances Journal Debits* GJ 3 300 Journal Credits* GJ 9 150 From Balance c/d ✓105 840 General Journal 228 400 228 400 Apr 1 Balance b/d 105 840 *Accept Sundry accounts 16 Creditors’ control account Mar 31 Bank CPJ 155 600 Mar 1 Balance b/d 100 600 Discount CPJ 1 000 31 Total CJ 180 700 Received Purchases Total CAJ 28 100 Journal Credits* GJ 4 070 Allowances/Returns Journal Debits* GJ 4 150 From General Journal Balance c/d ✓96 520 285 370 285 370 *Accept Sundry Apr 1 Balance b/d 96 520 accounts 14 4 ### Page 5 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 Trading stock account Mar 1 Balance b/d 190 000 Mar 31 Cost of sales CRJ 87 800 31 Bank CPJ 80 050 Cost of sales DJ 90 600 Cost of sales DAJ 1 140 Creditors' CAJ 16 900 Control Creditors' CJ 160 300 Balance c/d ✓236 190 control 431 490 431 490 Apr 1 Balance b/d 236 190 15 80 5 ### Page 6 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 QUESTION 3 CREDITORS’ LEDGER OF FAST TRADERS KINGSGATE LTD. Date Details Fol Debit Credit Balance 1 Balance ✓20 750 3 Invoice no. 231✓ CJ ✓5 940 ✓26 690 7 Cheque no. 559✓ CPJ ✓9 500 17 190 Discount received✓ CPJ ✓230 16 960 11 Debit note 53✓ CAJ ✓✓297 16 663 Journal voucher✓ 15 GJ ✓4 970 ✓11 693 Correction of error✓ Journal voucher✓ 25 GJ ✓68 ✓11 761 Interest charged✓ 20 6 ### Page 7 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 QUESTION 4 4.1.1 Loan: ZA Bank 2017 28 Bank✓ ✓✓73 800 2016 1 Balance ✓380 000 Feb Mar 2017 28 Interest on ✓✓12 240 Feb loan✓ Balance ✓315 440 392 240 392 240 2017 1 Balance 315 440 Mar 9 4.1.2 Interest on Loan 2017 28 Loan: ZA 12 240 Feb Bank✓ see 4.1.1 2 4.2 Calculate the capital amount paid during the financial year. 380 000 ✓ - 315 440 ✓ = 64 560✓ 4 15 7 ### Page 8 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 QUESTION 5: SALARIES 5.1 Explain the difference between the terms gross salary and net salary. Gross salary Is the amount earned before any deductions Net salary Is the amount earned after deductions 2 5.2 Complete Mary’s payslip for March 2017. PAYSLIP: MARY Date: March 2017 Calculation Amount Gross salary 7 600 Deductions SARS: PAYE -260 Medical aid  -900 Pension Fund 7 600 x 7.5 % -570 UIF  7 600 x 1 % -76 12 NET SALARY 9 406 5.3.1 What is Mr K Bulani’s monthly salary in his first year of service? 2 R48 000 / 12 = R4 000  5.3.2 What will Mr K Bulani’s increase amount to after the first year? 2 R2 400 8 ### Page 9 Downloaded from hlayiso.com MEMORANDUM ACCOUNTING GRADE 10 5.3.3 How many years will Mr K Bulani have to work to reach the second 3 level of his salary scale? R48 000 + R2 400 + R2 400 + R2 400 + R2 400 = R57 600 5 Years 5.3.4 What will Mr K Bulani’s monthly salary be once he reaches the 2 maximum on the salary scale? R66 300 / 12 = R5 525 5.4 Provide TWO reasons why people are appointed on different salary 2 scales. Qualifications Experience Responsibility Level of appointment ( 1 mark each ) 11 25 9 ## Related documents - [ACCN GR10 MEMO NOV2017 English](https://www.hlayiso.com/library/accn-gr10-memo-nov2017-english/a164a1ec-5d0a-4496-84ef-6f968283b36e) — Accounting · Memo · 2017 · Eng - [Gr10 Acc (English) November 2017 Possible Answers](https://www.hlayiso.com/library/gr10-acc-english-november-2017-possible-answers/1d25bc76-a98b-4a6a-93fd-bf3b39f86177) — Accounting · Memo · 2017 · Eng - [Gr10 Acc (English) June 2018 Question Paper](https://www.hlayiso.com/library/gr10-acc-english-june-2018-question-paper/b890dbfa-12da-4493-9fca-c6ed929e1c39) — Accounting · QP · 2018 · Eng - [ACCOUNTING P2 MEMO GR10 NOV2020 English](https://www.hlayiso.com/library/accounting-p2-memo-gr10-nov2020-english/f799f4ba-a18f-43de-be70-3d12a54cca7f) — Accounting · Memo · 2020 · Eng - [Gr10 Acc (English) 2020 Exemplars Possible Answers](https://www.hlayiso.com/library/gr10-acc-english-2020-exemplars-possible-answers/e070dec9-ca3c-4d3a-b4a1-3ac14e3cdf38) — Accounting · Memo · 2020 · Eng - [ACCOUNTING P2 MEMO GR10 NOV 2019 English](https://www.hlayiso.com/library/accounting-p2-memo-gr10-nov-2019-english/a5f4e5b1-b3ff-4d87-b39a-605571800789) — Accounting · Memo · 2019 · Eng ## More from Grade 10 Accounting - [LP Accounting Grade 10 March 2026 QP and Memo](https://www.hlayiso.com/library/grade-10-accounting-2026-limpopo-march-test-question-paper-and-memorandum/08ddf17c-cec8-4317-8aef-1c25d7f47080) — QP + Memo · 2026 - [Grade 10 Accounting P1 November 2026 Mock 2 Answer Book](https://www.hlayiso.com/library/grade-10-accounting-2026-november-mock-exam-2-answer-book-paper-1/3312807c-6e7e-4245-94b1-2ab99c2d85b9) — Addendum · 2026 · Eng - [Grade 10 Accounting P2 November 2026 Mock 2 Answer Book](https://www.hlayiso.com/library/grade-10-accounting-2026-november-mock-exam-2-answer-book-paper-2/5e4e6d3c-6636-4866-91a5-260e70a7da2d) — Addendum · 2026 · Eng - [LP Accounting Grade 10 June 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-10-june-2025-qp-and-memo/e7fdbb08-60cb-461e-b58e-c89720c8a1fa) — QP + Memo · 2025 - [LP Accounting Grade 10 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-10-march-2025-qp-and-memo/04cd29d1-6a95-4547-9cc2-b15b16b78b36) — QP + Memo · 2025 - [Gr 10 Accounting P1 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-10-accounting-p1-english-june-2024-question-paper/a5949fb6-584c-4799-b3be-8943c5b6809a) — QP · 2024 · Eng ## Collection - [Grade 10 past papers](https://www.hlayiso.com/grade-10/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.