LP Accounting Grade 10 March 2026 QP and Memo

Downloaded from Stanmorephysics.com LIMPOPO PROVINCIAL GOVERNMENT REPUBLIC OF SOUTH APRECA ATE This question paper consists of 7 pages, and an 8-page Answer Book.

Reownlagded from Stanmorephysics.com LimpopoDoE/March 2026 Grade 10 - Question Paper INSTRUCTIONS AND INFORMATION 1... You are provided with a question paper and an ANSWER BOOK. 2..__This question paper comprises of FOUR compulsory questions. 3. . Use the Format provided in the answer book to reflect your answer. DO NOT WRITE ON THE SHADED AREAS OF THE ANSWER BOOK 4. Where applicable-working must be shown to achieve part-marks. 5. You must attempt to comply with the suggested time allocation guide 6. Non-programmable calculators may be used 7. You may use dark pencil or blue / black ink to answer the question. QUESTION | TOPICS MARKS | MINUTES 1 Analysis of Transactions in the accounting Equation 29 26 2 Cash Journals: Cash Receipts Journal and Cash Payments Journal 30 27 3 Debtors Ledger, Ethics and Internal Controls 21 19 4 Basic Concepts, Problem Solving, Ethics and Internal Control 20 18 TOTAL 100 90 Copyright reserved Please turn over

Reownlagded from Stanmorephysics.com LimpopoDoE/March 2026 Grade 10 - Question Paper QUESTION 1 (29 Marks; 26 Minutes) ANALYSIS OF TRANSACTIONS You are provided with information relating to Vhnembe Traders a business owned by Masala Gumbi for the month of February 2026 REQUIRED: Analyse the following transactions according to the columns provided. Assume that the bank balance is always favourable. EXAMPLE: Charge our debtor, H. Maluleke, R70 interest on his overdue account. General Ledger Accounting Equation No. | Account Account ees _ Debited Credited -epnpaies.cem (al we ke e.g. | Debtors control | Interest on 70 + + 0 overdue account Transactions: Paid for Telephone via EFT No. 245 to Telecom for R 750, R350 is for the Owners son cell phone contract. Received an EFT from a Tenant B. Maruvha for the monthly Rent R3 000. Goods sold on credit to B. Madoda for R8000 cost price R 5 800. Made an EFT to Tyme Bank for the payment of the loan R12 400, R 1 200 was for the interest on Loan for the month of February 2026. Copyright reserved Please turn over

Rewntiagded from Stanmorephysics.com LimpopoDoE/March 2026 Grade 10 - Question Paper QUESTION 2 (30 Marks; 26 Minutes) JOURNALS Use the following transactions to complete the Journals of Mpheni Stores, a business that sells drinks for a month of March 2026. REQUIRED: 2.1 Cash Receipts Journal (CRJ) (13) 2.2 Cash Payments Journal (CPJ) } (7) 2.3. Debtors Journal (DJ) ; Z ’ (6) 2.4 Debtors Allowance Journal (DAJ) \ (4) N.B: Do not cast off the Journals. | ak Extract of Transactions for the Month of March 2026 3. | Goods sold cash according to CRT the cost price of the goods was R 6 500. These goods were sold at a mark-up of 60% on cost. The bank statement received from Tyme bank reflected R 2000 for an EFT bya debtor T. Mkhatshwa in payment of his account after allowing: R 340 discount, Cash handling fees, R120, Cash deposit fees, R210 service fees, R370. 7. Paid Thulamela Municipality for Water and Electricity via EFT no 127 R 3 460. 10. Goods sold on credit to: Baloyi, R 3 400 (cost price R1 200), invoice 103 J. Makhado, R7 300 (cost price R 4 500). 16. J. Makhado returned goods with a cost price of R 700 with mark-up of 40%; credit note 34 was issued. 18. Credit note issued to A. Baloyi for allowance grated R 350. 23 Received an EFT from Tyme bank in respect of the Fixed Deposit of R 80 000 that matures today together with interest of R4 600. Copyright reserved Please turn over

Reownlagded from Stanmorephysics.com LimpopoDoE/March 2026 Grade 10 - Question Paper QUESTION 3 (21 Marks; 19 Minutes) DEBTORS LEDGER, INTERNAL CONTROL AND ETHICS The following information was extracted from the accounting records of Mopani Traders on February 2026. REQUIRED: 3.1 Prepare the Debtors ‘Ledger account of Themba Mbhele for February 2026 (17) 3.2 Provide TWO points of advice to Mopani Traders to ensure that customers pay their account on time. (4) INFORMATION A Traders allow its debtors to settle their accounts in 30 days. No discount is granted for early payments B_ Transactions for February 2026 Amount 1 Balance owed on 1 February 2026 R27 300 5 Issued invoice no 401 to Themba Mbhele for goods sold. 14 000 15 Issued receipt no 210 to Themba Mbhele for payment of account. 21 750 17 Issued credit note no 260 for goods returned by Themba Mbhele. 4 600 25 Issued invoice no 415 to Themba Mbhele for goods sold 3 500 28 Issued receipt no 226 to Themba Mbhele in settlement of his account to date a discount of R150 was allowed ? Copyright reserved Please turn over

Reownlagded from Stanmorephysics.com LimpopoDoE/March 2026 QUESTION 4 Grade 10 - Question Paper (20 Marks; 18 Minutes) BASIC CONCEPTS, PROBLEM SOLVING, INTERNAL CONTROL AND ETHICS Mashaba Rendani runs a business that sells school tracksuits in three high schools in Sekhukhune. There are three different salespersons in each school namely Chauke, Mulaudzi and Mangena. He is concerned about control over these tracksuits. REQUIRED: 41 Match the accounting concepts in column Awith examples in column B. (write only letter to question (4.1.1 to 4,1,5) in the ANSWER BOOK. (5) COLUMN A COLUMN B 4.1.1 Business entity rule A | Damages payable to a client will be finalized next year. An estimated amount of R25 000 is recorded this year. 4.1.2 Historical Cost B | The owner owes his sister R2 000 for costs incurred during holiday. This is not recorded in the business books. 4.1.3 Going Concern C | In all sale transaction sales are matched with cost of sales to realize profit. 4.1.4 Matching Principle D | Financial statements reflecting that the business will survive forever. 4.1.5 Prudence E | Land and building are shown in the financial statements as R5 million even though the property is worth R12 million F | Only the transactions that can be expressed in terms of money are recorded in the accounting records. Copyright reserved Please turn over

Keownlagded from Stanmorephysics.com LimpopoDoE/March 2026 Grade 10 - Question Paper 4.2 Mashaba is experiencing a different problem concerning each of his salespersons. e _ State a different problem for each salesperson or school. (Quote figures to support your answer). e Give a suitable solution to each problem. INFORMATION FOR MARCH 2026 NAME OF THE Moreko High Poo High Makopi High SCHOOL NAME OF Mulaudzi B Chauke A Mangena C SALESPERSON Number of items 250 Tracksuits 450 Tracksuits 150 Tracksuits available to be sold Number of items sold@ | 225 Tracksuits 350 Tracksuits 40 Tracksuits R200 each Number of items unsold | 25 Tracksuits 90 Tracksuits 110 Tracksuits at the end of the month Cash received from R35 000 R 70 000 R 8000 each person Salary paid to each R2 500 R2 500 R2 500 salesperson TOTAL MARKS: 100 Copyright reserved

LIMPOPO PROVINCIAL GOVERNMENT REPUBLIC OF SOUTH AFRICA DEPARTMENT OF EDUCATION NATIONAL SENIOR CERTIFICATE GRADE 10 ANSWER BOOK A Fae This Answer Book consists of 8 pages

Ravwilegdeachoom Stanmorephysics.com 3 LimpopoDoE/17 March 2026 -Controlled Test No.1-Answer Book QUESTION 1 = (29) General Ledger Accounting Equation No Account Debited Account Credited Amount A= Oo +L, Bank 350 2. | Bank 3000 3 8000 5800 4. Bank 1 200 29 Copyright reserved Please turnover

Rewnkogdedefioom Stanmorephysics.com 4 QUESTION 2 2.1. CASH RECEIPTS JOURNAL OF MPHENI STORES FOR MARCH 2026 -Controlled Test No.1-Answer Book LimpopoDoE/17 March 2026 Doc Day Details Analysis of Receipts Bank Sales Cost of Sales Debtors Control Discount Allowed Sundry accounts Amount Details Copyright reserved 13 Please turnover

Rawnkogdedefioom Stanmorephysics.com 5 -Controlled Test No.1-Answer Book 2.2. CASH PAYMENTS JOURNAL MPHENI STORES FOR MARCH 2026 LimpopoDoE/17 March 2026 EFT |Day | Details Bank Trading Debtors Creditors Discount Sundry accounts stock control Control Received Amount Details 2.3 DEBTORS JOURNAL OF MPHENI STORES FOR MARCH 2026 7 DOC DAY DEBTORS FOL SALES COST OF SALES 6 2.4 DEBTORS ALLOWANCES JOURNAL OF MPHENI STORES FOR MARCH 2026 DOC DAY DEBTORS FOL | DEBTORS ALLOWANCES COST OF SALES 220 4 Copyright reserved Please turnover

Rawnkogdedefioom Stanmorephysics.com 6 -Controlled Test No.1-Answer Book LimpopoDoE/17 March 2026 QUESTION 3 3.1 DEBTORS’ LEDGER OF MOPANI TRADERS THEMBA MBHELE DATE Details Fol Debit Credit Balance Feb 17 Copyright reserved Please turnover

Rewnkogdedefioom Stanmorephysics.com 7 -Controlled Test No.1-Answer Book LimpopoDoE/17 March 2026 3.2 Provide TWO points of advice to Mopani Traders to ensure that customers pay their account on time. TOTAL MARKS 21 Copyright reserved Please turnover

Rawinlegdeachoom Stanmorephysies.com s LimpopoDoE/17 March 2026 Controlled Test No. 1-Answer Book Ak. QUESTION 4 4.1 MATCHING 4.1.1 Copyright reserved Please turnover

Rawinlegdeachoom Stanmorephysies.com 9 Controlled Test No.1-Answer Book 4.2. PROBLEM SOLVING at LimpopoDoE/17 March 2026 e Give a suitable solution to each problem Mashaba is experiencing a different problem concerning each of his salespersons. e State a different problem for each salesperson or school (Quote figures to support your answer). (9) (6) PROBLEM v_ WITH FIGURESv v ADVICE v v Moreko High (Mulaudzi) Poo High (Chauke) Makopi High (Mangena) 15 TOTAL MARKS: 100 Copyright reserved

Downloaded from Stanmorephysics.com LIMPOPO PROVINCIAL GOVERNMENT REPUBLIC OF SOUTH APRECA DEPARTMENT OF. . EDUC ‘a NATIONAL SENIO RTIFICATE cs GRADE 10 MARKING GUIDELINE <n This Marking Guideline consists of 8 pages.

Downloaded from Stanmorephysies .com QUESTION 1 ~ (29) General Ledger Accounting Equation No Account Debited lL i Account Credited Amount A= fe] +L 1. | Telephone v Bank v 400v v - - W 0 Drawings” Bank 350 vv v 0 2. | Bank Rent Incomev 3000 ot tv 0 3 | Debtors Controlv Salesv 8000 Si +v 0 Cost of sales” Trading stocky 5800 Vv wv 0 4. | Loanv Bank 12 400v v vw 0 Vv Interest on loanv Banky 1200 vo vv 0

Dowdeadetssaom Stanmorephysies .com 3 LimpopoDoE/17 March 2026 a Term 1 Question Paper Ai. QUESTION 2 2.1. CASH RECEIPTS JOURNAL OF MPHENI STORES FOR MARCH 2026 Doc | Day | Details Analysis Bank Sales Cost of Debtors Discount Sundry accounts Of Receipts Sales Control Allowed Amount Details CRT } 03 Cash Sales 10 400v 10 400v 6 500v B/S TYME Bank 2 000M 12 400M 2 340vv 340v See DC-DA _| One part correct B/S | 23 | TYME Bank 84 600 84 600” 80 000v Fixed depositv 4 600v Interest on fixed depositv 13 13 Copyright reserved Please turn over

Dowdeadetssaom Stanmorephysies .com 4 Term 1 Question Paper 2.2. CASH PAYMENTS JOURNAL MPHENI STORES FOR MARCH 2026 LimpopoDoE/17 March 2026 EFT Day Details Bank Trading Debtors Creditors Discount Sundry accounts stock control Control Received Amount Details B/S 03 Tyme bank 700v 700v v Bank charges” 127 07 Thulamela municipality 3 460v 3 460v Water and electricityv 7 2.3 DEBTORS JOURNAL OF MPHENI STORES FOR MARCH 2026 7 DOC DAY DEBTORS FOL SALES COST OF SALES 103 10 ABaloyiV. 3 400% 4.200% 104 J MakhadoV 7 300Y 4500 6 6 2.4 DEBTORS ALLOWANCES JOURNAL OF MPHENI STORES FOR MARCH 2026 DOC DAY DEBTORS FOL | DEBTORS ALLOWANCES COST OF SALES earn methioG ina 35 18 A Baloyi 350 220 4 4 Copyright reserved Please turn over

Dowdeadetssaom Stanmorephysies .com 5 . Term 1 Question Paper LimpopoDoE/17 March 2026 QUESTION 3 3.1 DEBTORS’ LEDGER OF MOPANI TRADERS THEMBA MBHELE DATE Details Fol Debit Credit Balance Feb |1 Balance b/d 27 300” 5 | Invoice 401 DJ 14 000VY 41 300M] operation 15 | Receipt 210 CRJ 21 750% 195501] operation —_| 17__ | Credit Note 260 DAJ 4 600” 14950M] bperation 25 | Invoice 415 DJ 3 500V 18 4501] operation 28 | Receipt 226 CRJ 18 300v ¥ 15011 operation 17 Discount allowedv CRJ 150v Omi Y 17 Copyright reserved Please turn over

Dowdeadetssaom Stanmorephysies .com 6 LimpopoDoE/17 March 2026 Term 1 Question Paper 3.2 Provide TWO points of advice to Mopani Traders to ensure that customers pay their account on time. ANY TWO POINTS vv vv e Grant discount on early or prompt payments e Charge interest on overdue account e Send reminders 4 4 TOTAL MARKS 21 21 Copyright reserved Please turn over

Dowdeadestrfaom Stanmore QUESTION 4 4.1 MATCHING 4.1.1 By 4.1.2 Ev 4.1.3 BA 4.1.4 Cv 4.1.5 Av Copyright reserved Ak. physics .com 7 Term 1 Question Paper Please turn over LimpopoDoE/17 March 2026

Dowdeadetssaom Stanmorephysies .com 8 LimpopoDoE/17 March 2026 a Term 1 Question Paper Ai. 4.2. PROBLEM SOLVING Mashaba is experiencing a different problem concerning each of his salespersons. e State a different problem for each salesperson or school (Quote figures to support your answer). (9) e Give a suitable solution to each problem (6) PROBLEM v_ WITH FIGURESv v ADVICE vv Moreko High (225 X R200) e Encourage customer to use EFT (Mulaudzi) (45 000 -R35 000) e Division of duties 10 000 Cash is missing or stolen Poo High 450 -350 Or 100-90 ¢ Count stock regular (Chauke) e 10 tracksuits are missing/stolen e Buy in small quantities Makopi High e 110 tracksuits unsold or on hand e Reduce the selling price (Mangena) ¢ Too much stock on hand 110 e Advertise more regular e Few tracksuits sold only 40 e Buy as per orders received 15 TOTAL MARKS: 100 Copyright reserved