Economics Grade 9 P1 Gauteng November 2021 Addendum (Eng)

GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION NOVEMBER 2021 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES PAPER 1: FINANCIAL LITERACY ANSWER BOOK LEARNER’S NAME: SCHOOL: DISTRICT: DATE: TIME: 1 hour MARKS: 70 7 pages QUESTION 1 2 3 4 5 TOTAL MARK OBTAINED MAXIMUM 20 9 16 10 15 70 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 2 ANSWER BOOK (PAPER 1) 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 (5 x 2) 10 1.2 COMPLETE THE SENTENCES 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 (5 x 1) 5 1.3 MATCHING ITEMS 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 (5 x 1) 5 20 TOTAL SECTION A: 20 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 ANSWER BOOK (PAPER 1) GRADE 9 SECTION B: FINANCIAL LITERACY QUESTION 2: ACCOUNTING EQUATION No. Source document Assets = Owner’s + Liabilities Equity E.g. Cheque counterfoil -500 + 500 0 2.1.1 2.1.2 2.1.3 9 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 ANSWER BOOK (PAPER 1) GRADE 9 QUESTION 3: JOURNALS 3.1 Cash Receipts Journal of Tackle and Bait for October 2021 CRJ10 Doc Day Details Fol. Analysis Bank Sales Cost of Debtors’ Sundry Accounts no. of Sales Control Amount Fol. Details receipts (7) 3.2 Cash Payments Journal of Tackle and Bait for October 2021 CPJ10 Doc no. Day Name of Payee Fol. Bank Trading Wages Creditors’ Sundry Accounts Stock Control Amount Fol. Details (5) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 ANSWER BOOK (PAPER 1) GRADE 9 3.3 Debtors’ Journal of Tackle and Bait for October 2021 DJ10 Doc no. Day Details Fol. Sales Cost of Sales (2) 3.4 Creditors’ Journal of Tackle and Bait for October 2021 CJ10 Doc no. Day Details Fol. Creditors’ Stationery Trading Stock Sundry Accounts Control Amount Fol. Details (2) 16 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 ANSWER BOOK (PAPER 1) GRADE 9 QUESTION 4: LEDGERS GENERAL LEDGER OF NOBU TRADERS Balance Sheet Accounts Section Dr Debtors’ Control Cr Date Details Fol. Amount Date Details Fol. Amount 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 ANSWER BOOK (PAPER 1) GRADE 9 QUESTION 5: TRIAL BALANCE Trial Balance of ________________________________ on 30 November 2021. Balance sheet accounts section Fol. Debit Credit Capital B1 Drawings B2 Equipment B3 Trading stock B4 Bank B5 Creditors’ Control B6 Nominal accounts section Sales N1 Cost of sales N2 Rent income N3 Wages N4 Stationery N5 Telephone N6 15 TOTAL SECTION B: 50 TOTAL: 70 END