Term 1 Topic 5
Financial accounting of a sole trader
Questions
Additional information
The Debtors’ list totals on 28 February 2011 are as follows:
Debtors’ list
Debit Credit
R14 300 R620
17.1 What is the amount owed by the debtors on 1 March 2011?
17.2 What is the contra account for the amount of R3 100 on the credit side?
17.3 What is the contra account for the amount of R240 on the debit side?
17.4 Give one possible reason for the amount of R160 on the debit side.
17.5 Give one possible reason for the amount of R840 on the debit side.
17.6 Calculate the amount owed by the debtors on 31 March 2011.
17.7 What is the source document for the debit recording: “Sales, DJ, R18 200”?
Via Afrika Publishers » Accounting Grade 10 89
, Term 1 Topic 5
Financial accounting of a sole trader
17.8 What is the source document for the credit recording for: “Journal credits, GJ,
R640”?
17.9 Give TWO possible measures that can be taken in order for debtors to pay their
debts regularly.
Activity 18 (Analysis – Creditors control)
Required
Analyse the creditors’ control account in the books of Patricia Distributors for March
2011 and answer the questions that follows.
Information
General ledger of Patricia Distributors
Dr. Creditors’ control B8 Cr.
2011 31 (3) CPJ 35 400 2011 1 Balance b/d (1)
Mar Mar
Sundry CAJ 2 300 31 (2) CJ 21 800
Allowances
Journal GJ 840 Journal GJ 610
debits credits
Balance c/d (4) Bank CRJ 140
2011 1 Balance b/d
Apr
Via Afrika Publishers » Accounting Grade 10 90
Financial accounting of a sole trader
Questions
Additional information
The Debtors’ list totals on 28 February 2011 are as follows:
Debtors’ list
Debit Credit
R14 300 R620
17.1 What is the amount owed by the debtors on 1 March 2011?
17.2 What is the contra account for the amount of R3 100 on the credit side?
17.3 What is the contra account for the amount of R240 on the debit side?
17.4 Give one possible reason for the amount of R160 on the debit side.
17.5 Give one possible reason for the amount of R840 on the debit side.
17.6 Calculate the amount owed by the debtors on 31 March 2011.
17.7 What is the source document for the debit recording: “Sales, DJ, R18 200”?
Via Afrika Publishers » Accounting Grade 10 89
, Term 1 Topic 5
Financial accounting of a sole trader
17.8 What is the source document for the credit recording for: “Journal credits, GJ,
R640”?
17.9 Give TWO possible measures that can be taken in order for debtors to pay their
debts regularly.
Activity 18 (Analysis – Creditors control)
Required
Analyse the creditors’ control account in the books of Patricia Distributors for March
2011 and answer the questions that follows.
Information
General ledger of Patricia Distributors
Dr. Creditors’ control B8 Cr.
2011 31 (3) CPJ 35 400 2011 1 Balance b/d (1)
Mar Mar
Sundry CAJ 2 300 31 (2) CJ 21 800
Allowances
Journal GJ 840 Journal GJ 610
debits credits
Balance c/d (4) Bank CRJ 140
2011 1 Balance b/d
Apr
Via Afrika Publishers » Accounting Grade 10 90
