Economic And Management Sciences Grade 9 P1 GEC Test 2022 Memo

Downloaded from hlayiso.com GEC PILOT STUDY PAPER 1 MARKING GUIDELINE 2022 ECONOMIC AND MANAGEMENT SCIENCES: ENGLISH GRADE 9 SECTION A  One mark per answer.  There are no half marks.  Tick () only the correct answer and underline the incorrect one.  No marks should be credited for multiple answers. Underline them all.  If there is no answer indicated, skip the question. No. Expected answer 1. D Capital  2. C Vehicles  3. C Cost of sales  4. B Salaries  5. A Rent  6. B Sales  7. B Debtors Control  8. B Interest income  9. D Capital  10. C R100 000  11. A For rent income  12. A Cash Receipts Journal  13. D R30 000  14. C R40 000  15. A R15 000  16. A Bank, Trading stock and Sundry Accounts  17. C Equipment  18. D EFT Payment Advice  19. B Cash Payments Journal, Bank and Trading Stock  20. C Bank and Creditors control  21. A R31 000  22. D  Amount Details 35 000 Rent Expense 23. C Drawings  24. A Duplicate invoice  25. B Lion Ltd  26. D R10 630  27. B R2 857.14  28. C Bham Bookshop  Grade 9 EMS Paper 1: English Marking Guideline 1

Downloaded from hlayiso.com No. Expected answer 29. C Creditors Control, Trading Stock and Stationery  30. C R1 200  31. A Stationery  32. C Creditors Journal  33. A Vehicles are not bought regularly and do not have a column  34. D R11 400  35. B Bank is credited and Cleaning Material is debited.  36. D  A = OE + L -9 700 0 -9 700 37. C  A = OE Effect Reason Effect Reason +3 500 Bank +3 500 Rent Income increases increases OE 38. B  A = OE + L -7 290 0 0 +7 290 39. C  A = OE + L +50 000 +50 000 0 40. C  A = OE Effect Reason Effect Reason -2 300 Bank -2 300 Telephone decreases decreases OE 41. D R7 600  42. C Debit Water and Electricity and credit Bank Account  43. A Trading Stock  44. D R54 255  45. B Credit Capital Account and debit Bank Account, R35 000  Grade 9 EMS Paper 1: English Marking Guideline 2

Downloaded from hlayiso.com SECTION B  Do not penalise the learner for the same mistake more than once.  There are no half marks.  Underline errors committed by learners do not place a cross (X). 46. CASH RECEIPTS JOURNAL OF JJ STORES – MARCH 2022 CRJ1 Doc. Cost of Sundry accounts No. Day Details Bank Sales Sales Amount Fol Details (Accept values that are rounded off) CRR 5 Cash Sales/Sales  25 000 - 25 000 - 16 666 67 (5) 47. CASH PAYMENTS JOURNAL OF COCO RETAILERS – MAY 2022 CPJ2 Doc. Trading Packing Sundry accounts No. Day Name of payee Bank Stock Material Amount Fol Details EFT Voucher 31 TELCO 2 550 - 2 000 - Telephone 550 - Drawings (5) 48. CREDITORS JOURNAL OF BoB STORES – FEBRUARY 2022 CJ1 Doc Day Creditors Fol Creditor’s Trading Stock Sundry accounts No. control Amount Fol Details 012 25 Pick & Carry 23 300  - 23 300  - (5) Grade 9 EMS Paper 1: English Marking Guideline 3

Downloaded from hlayiso.com 49. SS Johnson Accounting Equation Source Document Account Debited Account Credited Asset = Owner’s Equity + Liabilities Duplicate Receipts/ Bank Sales + 4 500/ + + 4 500/+ 0 Receipts Cost of Sales Trading Stock -3 000/- -3 000/-  0 (7) 50. General Ledger of PK Motors Balance Sheet Section Accounts Debtors Control Account Date Details Fol Amount Date Details Fol Amount 2022 1 Balance b/d 31 560 - 2022 31 Bank CRJ 34 510 - May May 8/CRJ 31 Sales DJ1/ 66 450 - Balance c/d *63 500 - DJ *98 010  - *98 010 - June 1 Balance b/d *63 500 - (8) *NOTE: ONE MARK ALLOCATED FOR BOTH AMOUNTS IF THEY ARE THE SAME. BALANCING MUST BE MATHEMATICALLY CORRECT AND NO MARKS ALLOCATED FOR RANDOM AMOUNTS.  = METHOD MARK Grade 9 EMS Paper 1: English Marking Guideline 4