Economics Grade 9 Gauteng November 2020 Addendum (English)

GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION NOVEMBER 2020 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES ANSWER BOOK LEARNER’S NAME: SCHOOL: DISTRICT: DATE: MARKS: 100 TIME: 1½ hours 8 pages QUESTION 1 2 3 4 5 TOTAL LEARNER’S MARK MAXIMUM 25 14 28 15 18 100 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 2 ANSWER BOOK GRADE 9 SECTION A: ALL TOPICS QUESTION 1 1.1 MULTIPLE CHOICE QUESTIONS 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 10 1.2 COMPLETE THE SENTENCES 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 5 1.3 MATCHING ITEMS 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 10 25 TOTAL SECTION A: 25 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 ANSWER BOOK GRADE 9 SECTION B: THE ECONOMY QUESTION 2: PRICE THEORY 2.1.1 (7) 2.1.2 Equilibrium Price Equilibrium Quantity (4) 2.2 (2) 2.3 (1) [14] 14 TOTAL SECTION B: 14 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 ANSWER BOOK GRADE 9 SECTION C: FINANCIAL LITERACY QUESTION 3: JOURNALS AND ACCOUNTING EQUATION 3.1 Cash Receipt Journal of Seven Eleven Supermarket for November 2020 CRJ11 Analysis Sundry Accounts Doc Cost of Debtors’ Day Details Fol of Bank Sales no. Sales Control Amount Fol Details receipts (6) 3.2 Cash Payment Journal of Seven Eleven Supermarket for November 2020 CPJ11 Doc Name of Trading Creditors’ Sundry Accounts Day Fol Bank no. Payee Stock Control Amount Fol Details (4) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 ANSWER BOOK GRADE 9 3.3 Debtors’ Journal of Seven Eleven Supermarket for November 2020 DJ11 Doc no. Day Details Fol Sales Cost of Sales (4) 3.4 Creditors’ Journal of Seven Eleven Supermarket for November 2020 CJ11 Doc Day Details Fol Creditors’ Stationery Trading Stock Sundry Accounts no. Control Amount Fol Details (2) 3.5 Accounting Equation No. Account debit Account credit Assets Owner’s Equity Liabilities 3.5.1 3.5.2 (12) [28] 28 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 ANSWER BOOK GRADE 9 QUESTION 4: LEDGERS 4.1 Debtors’ Ledger 4.1.1 4.1.2 4.1.3 4.1.4 (8) 4.2 GENERAL LEDGER OF LUTHULI TRADERS Balance Sheet Accounts Section Dr Trading Stock Cr Date Details Fol Amount Date Details Fol Amount (7) [15] 15 TOTAL SECTION C: 43 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 ANSWER BOOK GRADE 9 SECTION D: ENTREPRENEURSHIP QUESTION 5: THE BUSINESS PLAN 5.1 (1) 5.2 (1) 5.3 Strong Point: Weakness: Opportunity: Threat: (4) 5.4.1 (2) 5.4.2 (1) 5.4.3 (4) P.T.O.

5.5.1 Fixed cost: Variable cost: (2) 5.5.2 (3) 18 TOTAL SECTION D: 18 TOTAL: 100 END