Accounting Grade 10 Gauteng June 2019 Addendum (English)

Downloaded from hlayiso.com GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2019 GRADE 10 ACCOUNTING ANSWER BOOK NAME: ______________________________________________________ GRADE 10: __________ TOTAL MARK MODERATED MODERATOR QUESTION MARKS OBTAINED MARK INITIAL 1 45 2 22 3 22 4 46 5 44 6 21 TOTAL 200 13 pages P.T.O.

Downloaded from hlayiso.com ACCOUNTING 2 ANSWER BOOK GRADE 10 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ACCOUNTING ANSWER BOOK MARKS: 200 TIME: 2 hours QUESTION 1: CONCEPTS AND CASH JOURNALS 1.1 CONCEPTS Match the information in COLUMN A to the term in COLUMN B. Write down only the letter (A – G). COLUMN A COLUMN B 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 5 P.T.O.

Downloaded from hlayiso.com ACCOUNTING 3 ANSWER BOOK GRADE 10 1.2 CASH RECEIPTS JOURNAL OF WATERKLOOF TRADERS FOR SEPTEMBER 2018 Analysis Doc Day Details Fol of Bank Sales Cost of Debtors’ Discount Sundry Accounts Receipts Sales Control Allowed Amount Fol Details 20 P.T.O.

Downloaded from hlayiso.com ACCOUNTING 4 ANSWER BOOK GRADE 10 CASH PAYMENTS JOURNAL OF WATERKLOOF TRADERS FOR SEPTEMBER 2018 Doc Day Payee Fol Bank Debtors’ Trading Creditors’ Discount Wages Sundry Accounts Control Stock Control Received Amount Fol Details 20 Total Marks 45 P.T.O.

Downloaded from hlayiso.com ACCOUNTING 5 ANSWER BOOK GRADE 10 QUESTION 2: GENERAL JOURNAL 2.1 GENERAL JOURNAL OF DEVAAN STORES (Narrations are not required) Debtors’ control Creditors’ control Date Details F Dr Cr Dr Cr Dr Cr 31 Totals b/d 624 316 702 454 Total Marks 22 P.T.O

Downloaded from hlayiso.com ACCOUNTING 6 ANSWER BOOK GRADE 10 QUESTION 3: GENERAL LEDGER AND INTERNAL CONTROL (22 marks; 13 minutes ) 3.1 Complete the missing information A B C D E F G H I J K L M N 15 3.2.1 The owner took goods for personal use. What was the selling price of the goods taken? 2 3.2.2 What would the source document for amount L recorded in DAJ be? 1 P.T.O

Downloaded from hlayiso.com ACCOUNTING 7 ANSWER BOOK GRADE 10 3.3 List TWO internal controls to safeguard stock. 4 Total Marks 22 P.T.O

Downloaded from hlayiso.com ACCOUNTING 8 ANSWER BOOK GRADE 10 QUESTION 4: DEBTORS CONCEPTS, RECONCILIATION AND INTERNAL CONTROL 4.1 DEBTORS’ CONTROL ACCOUNT GENERAL LEDGER OF SCHUMANN WHOLESALERS BALANCE SHEET ACCOUNTS SECTION Dr DEBTORS’ CONTROL Cr Debtors’ allowances [1 200 17 4.2 LIST OF DEBTORS AS AT 31 MARCH 2019 NAME Debit Cooper (17 900 Baloyi Hope (14 400 Smith Williams 16 4.3 Provide ONE reason why the Debtors’ Control account and the Debtors’ List should always agree? 2 P.T.O

Downloaded from hlayiso.com ACCOUNTING 9 ANSWER BOOK GRADE 10 4.4 The owner Paul Schumann is worried that debtors are not paying on time. List THREE measures that he can put in place to ensure debtors pay on time. . 6 4.5.1 If the discount allowed was R35 720, how much was received from debtors for the month of March? 2 4.5.2 Apart from interest charged, what else could appear as a journal debit? Provide ONE item or answer. 2 4.5.3 Provide TWO possible reasons for the debit of R300 in the Debtors’ Control account. 4 Total Marks 46 P.T.O

Downloaded from hlayiso.com ACCOUNTING 10 ANSWER BOOK GRADE 10 QUESTION 5: ANALYSIS OF TRANSACTIONS 5.1 ACCOUNTING EQUATION GENERAL LEDGER AMOUNT EQUATION Account debited Account credited R A O L + e.g. Donation Stationery 540 0 0 – 1 7 1 400 Debtors’ control 16 130 19 1 260 Debtors’ control 25 480 31 38 P.T.O

Downloaded from hlayiso.com ACCOUNTING 11 ANSWER BOOK GRADE 10 5.2.1 What is the meaning of R/D? (Refer to transaction on the 19th) 2 5.2.2 Provide TWO reasons why a bank may dishonour a cheque. 4 Total Marks 44 P.T.O

Downloaded from hlayiso.com ACCOUNTING 12 ANSWER BOOK GRADE 10 QUESTION 6: CONCEPTS, AND SALARIES AND WAGES AND ETHICS 6.1 Indicate whether the following statements are TRUE or FALSE 6.1.1 6.1.2 6.1.3 6.1.4 05 6.1.5 6.2 Calculate the missing amounts in the Wages Journal and the Salaries Journal for May 2018. 6.2.1 6.2.2 6.2.3 6.2.4 6.2.5 6.2.6 10 P.T.O

Downloaded from hlayiso.com ACCOUNTING 13 ANSWER BOOK GRADE 10 6.3.1 Provide the double entry for the Pension Fund contributions in the Wages Journal. DEBIT: CREDIT: 2 6.3.2 The net salary calculated in 6.2.5 of the Salaries Journal would be posted to Salaries Account in the ledger and which other account? 1 6.4 The owner Mr Thomas Ndebele decided that he would not pay the money over for PAYE this month as he needed the cash. He will make a double payment the next month. Why are you against the decision he took? Provide consequences (result) for this action in ONE point. 3 Total Marks 21 END