cash and credit transactions grade 9 - wamark · 2019. 7. 24. · cash and credit transactions ....
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Accounting
WAMARK PUBLISHERS
Head, heart and hand seriesYvette Gietl
Cash and Credit Transactions Grade 9
ACCOUNTING GRADE 9 CASH AND CREDIT TRANSACTIONS
INDEX
LEARNER SUPPORT MATERIAL PAGE EXERCISE NUMBER
PAGE
* Goal Statement* Continuous Homework Assessment* Plot Your Progress* Terminology* Introduction* Important Accounting Concepts
1 - 2 3 - 4 5 - 6
7 -10 11
12 -15
SECTION 1 Organisational Structure of the Accounting Department
16 1.1 17
SECTION 2 (Cash Transactions – Grade 8 Revision) Accounting Equation The Effect of Transactions on the Equation
18 -19 20- 22
2.1 2.2 2.3 2.4 2.5 2.6 2.7
19 23 24
25 - 26 27
28 - 29 30
SECTION 3 (Cash Transactions – Grade 8 Revision) Source Documents, Journals and General Ledger Cash Receipts
Cash Payments
Petty Cash Payments
Balancing the Accounts in the General Ledger Complete set of Cash Journals and General Ledger
31 - 33
42 - 43
53
62
3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12
34 35 - 37 38 - 41 44 - 46 47 - 48 49 - 52
54 55 -58 59-61
6263 -67 68- 72
ACCOUNTING GRADE 9 CASH AND CREDIT TRANSACTIONS
INDEX
LEARNER SUPPORT MATERIAL PAGE EXERCISE NUMBER
PAGE
SECTION 4 Debtors, related Journals and posting to the General Ledger Source Documents
Debtors Journal and Posting to the General Ledger
Debtors Allowance Journal, Credit notes and Posting to the General Ledger AOL Transaction Analysis (Exam Type Question)
73- 76
79 - 82
89 - 90
4.1 4.2 4.3 4.4
4.5 4.6 4.7
77 78
83 – 84 85 – 88
91 – 92 93 – 95
96
SECTION 5 Subsidiary ledger – Debtors Ledger
Financial Literacy: Debtors Statement (Summary of Transactions) Bank Statement
97 – 101
106
5.1 5.2 5.3
5.4 5.5
102 –103 104 105
107 108 - 110
SECTION 6 Creditors, related Journals and posting to the General Ledger Source Documents Debtors Journal and Posting to the General Ledger
Creditors Allowance Journal, Debit notes and Posting to the General Ledger
AOL Transaction Analysis (Exam Type Question)
111 -114
117 –120
126
6.1 6.2 6.3
6.4 6.5 6.6
115- 116121 – 122 123 - 125
127 – 128 129 – 133
134
ACCOUNTING GRADE 9 CASH AND CREDIT TRANSACTIONS
INDEX
LEARNER SUPPORT MATERIAL PAGE EXERCISE NUMBER
PAGE
SECTION 7 Subsidiary Ledger – Creditors Ledger 135 - 141 7.1
7.2 7.3
142 – 143 144
145 - 146
SECTION 8 Debtors, Creditors, Allowances and posting to the General Ledger
Debtors and Creditors Ledger Exam Type Question Source Documents (PROJECT)
147 8.1 8.2 8.3 8.4 8.5 8.6 8.7
148 – 151 152 – 159 160 – 164 165 - 171 172 – 174 175 – 176 177 - 182
SECTION 9 Trial Balance
Exam Type Question
SECTION 10 Financial Statements – Income Statement and Balance Sheet
SECTION 11 Analysing Financial Statements
183 - 185
197 - 199
209 - 213
9.1 9.2 9.3 9.4
10.1 10.2 10.3
11.1
186 – 187 188 – 189 190 – 192 193 - 194
200 – 202 203 – 205 206 – 208
214 - 215
73
POST TRANSACTIONS TO THE JOURNALS
POST TOTALS AND SUNDRY TRANSACTIONS FROM THE DJ, DAJ AND CRJ TO
THE GENERAL LEDGER
SUB TOTAL14% VAT
TOTAL
DEBTORS JOURNAL OF ________________________ FOR __________ DJ ________
Quantity Description Unit Total Sub Total R's
(Business Name and VAT Registration number)
(Debtor name and Address)
( Debtor contact person)
Invoice no:
Date: Purchase order no:
DOC. NO.
DATE DEBTORS FOL SALES COST OF SALES
(Numerical)
TAX INVOICE
(Debtor Purchase order no.)
POSTING TO THE DJ Sell Goods on Credit
The businesses Logoand details
DU
PLIC
ATE
© 2016 Wamark Publishers 072 827 7925
Transaction:
74
75
SECTION 4
,
76
5 R 3 120
23 920
77
ANSWER
Best Technology
PO Box 555
Boksburg
1460
TO:
TAX INVOICE
Mr. V. Silver
VAT Registration no. 4310187250
Quantity Description Unit total Sub Total (R)
4 Sony 74 cm TV 1 000 4 000
2 Nokia 2600 cell phones 200 400
SUB TOTAL VAT (15%)
TOTAL
Tax Invoice no. 88
Date: 1 June 2006
4 400
660
5 060
78
PJ Supplies
PO Box 257
Johannesburg
2520
TO: Happy High
TAX INVOICE
no. 45787890
School
Registration VAT vender
Quantity Description Unit total Sub Total (R)
30 Tables 58.00 1 740.00
SUB TOTAL 1 740.00
VAT (15%) 261.00
TOTAL
NO: 1
1 October 2005
2 001.00
79
80
81
x _____________
Debtors Journal of Grand Bazaars for Jan 2006 DJ 01
Doc Day Debtors F Sales Cost of Sales
45 01 Greens Inc D1 2600 1300
46 03 Bottle World D2 600 300
47 09 S. Sumi and Co D3 1700 850
48 15 Mr. Meaty D4 1600 800
49 23 The Milky Bar D5 2500 1250
9000 4500
82
BALANCE SHEET SECTION DR +A- CR
DEBTORS CONTROL B1 Date Details Fol Amount Date Details Fol Amount
Jan 06 31 Sales DJ1 9000
DR +A- CR Trading Inventory B2
Date Details Fol Amount Date Details Fol Amount Jan 06 31 Cost of Sales DJ1 4500
NOMINAL ACCOUNT SECTION DR -O/E+ CR
SALES N1 Date Details Fol Amount Date Details Fol Amount
Jan 06 31 Debtors control DJ1 9000
DR -O/E+ CR COST OF SALES N2
Date Details Fol Amount Date Details Fol Amount Jan 06 31 Trading Inventory DJ1 4500
Grand Bazaars
83
1. CP on R 5000 Sales = R5000 x 100 = R3 846.15 1 130
CP on R 900 Sales = R900 x 100 = R692.30 2. 1 130
CP on R 1100 Sales = R1100 x 100 = R846.15 3. 1 130
4. CP on R 4600 Sales = R4600 x 100 = R3 538.46 1 extra mark if learner did workings out
5. CP on R 3500 Sales = R3500 x 100 = R2 692.301
(6) Debtors Journal of Fun Stores for Feb 2006 DJ 02
Doc Day Debtors F Sales Cost of Sales
80 03 PP Supplies D1
81 04 G. Burns D2
82 10 A. Lightly D3
83 20 Sun Spot D4
84 24 Running World D5
(14)
____
1 130
130
846.15
3 538.46
2 692.30
11 615.36
5 000
900
1 100
4 600
3 500
15 100
3 846.15
692.15
84
General Ledger of Fun Stores
BALANCE SHEET SECTION DR +A- CR
DEBTORS CONTROL B1 Date Details Fol Amount Date Details Fol Amount
Feb 06 28 Sales DJ2 15 100
DR +A- CR Trading Inventory B2
Date Details Fol Amount Date Details Fol Amount Feb 06 28 Cost of Sales DJ2 11 615 30
NOMINAL ACCOUNT SECTION DR -O/E+ CR
SALES N1 Date Details Fol Amount Date Details Fol Amount
Feb 06 28 Debtors Control DJ2 15 100
DR -O/E+ CR COST OF SALES N2
Date Details Fol Amount Date Details Fol Amount Feb 06 28 Trading Inventory DJ2 11 615 36
(10)
ESKOM (D1) paid the balance that they owe to us, directly into our bank account.
K
K
85
8 . CP on R 150 Sales = R150 x 100
10. CP on R 8 Sales = 1 140 = R107.14
R 240 x 100
1 140 = R171.42(30 x R8 = R240)
11.CP on R 850 Sales = R 850 x 100
15. CP on R 15 Sales = 1 140 = R607
R300 x 100
1 140 = R214.28(20 x R15 = R300)
22. CP on R 350 Sales = R 350 x 100
1 140 = R250
24. CP on R 760 Sales = R 760 x 100
1 140 = R542.85 26. CP on R 400 Sales = R 400 x 100
1 140 = R286.71
1 x extra mark if all calculations were done
(10)
86
Debtors Journal of Lakeview Restaurant forFeb2006DJ 02
Doc Day Debtors Fol Sales Cost of
Sales
600 08 Eskom D1 150
601 10 Salsum D2 240
602 15 Home Affairs D3 300
603 22 Waterboard D4 350
60426 A. Alba D5 400
1 440
Cash Receipts Journal of Lakeview Restaurant for February 2006 (14)
CRJ__02_
Doc Day Details Fol Analysis
ofReceipts
Bank Sales Cost of Sales
Debtors Control
Sundry Accounts Amount Fol Details
CRR 11 Sales 850 850 850 607
R007 17 Waterboard D4 450 450 450
CRR 24 Sales 760 760 760
Eft 29 Eskom D1 260 260
2 320 1 610 1 149.85 710
(14)
BALANCE SHEET SECTION
DR +A- CR DEBTORS CONTROL B1
Date Details Fol Amount Date Details Fol AmountFeb 06 01 Balance b/d 960 Feb 06 28 Bank CRJ2 710
28 Sales DJ2 Balance c/d _________1 690
2 400 2 400 March06 1 Balance b/d 1 690
General Ledger of Lakeview Restaurant
1 ________440
107.14
171.42
214.28
250.00
286.00
1 028.84
543.85
87
DR +A- CR TRADING INVENTORY B2
Date Details Fol Amount Date Details Fol Amount Feb 06 28 Cost of Sales DJ2 1 028 84
Cost of Sales CRJ2 1 149 85
DR +A CR BANK B3
Date Details Fol Amount Date Details Fol Amount Feb 06 28 Total Receipts CRJ2 2 320
NOMINAL ACCOUNT SECTION DR -O/E+ CR
SALES N1 Date Details Fol Amount Date Details Fol Amount
Feb 06 28 Debtors Control DJ2 1 440
Bank CRJ2 1 610
DR -O/E+ CR COST OF SALES N2
Date Details Fol Amount Date Details Fol Amount Feb 06 28 Trading Inventory DJ2 1 028 84
Trading Inventory CRJ2 1 149 85
(22)
CREDIT NOTE
TO: __________________________ __________________________ __________________________ __________________________
NO: ______
(Debtors Name and Address)
ISSUED BY: _______________________ _______________________ _______________________ _______________________
(Busniess Name and Address)
QUANTITY DESCRIPTION AMOUNT
(Numerical) DATE: __________
DEBTORS ALLOWANCES JOURNAL OF __________________ AS AT _____________ DAJ ____
DOC. DATE DEBTOR FOL DEBTORS COST OF NO. ALLOWANCE SALES
POSTING TO THE DAJ Goods sold on Credit being returned
DUPL
ICA
TE
© 2016 Wamark Publishers 072 827 7925
Transaction:
88