Summary Grade 9 Economic and Management Sciences (EMS) (Economics+Accounting) Summaries - Term 4 (Via Afrika)

, • The CRJ records when the business receives money -
source document = cash register tape or receipts.
• Transactions related to debtors or creditors are • The CPJ records when the business pays money -
posted to subsidiary ledgers, DL, and CL daily. source document = cheque counterfoil, bank
• Journals are posted to General Ledger statement or EFT-voucher.
accounts.
• Debtors and creditors lists check the
correctness and completeness of the debtors
control and creditors control accounts. T1: Financial
• The trial balance is completed last. literacy:
Transactions -
cash and credit • The DJ records when the business sells
goods on account - source document =
duplicate credit invoice.
• The CJ records when the business buys
from a creditor on account - source
document = original credit invoice.
• The DAJ records goods returned by debtors - source
document = duplicate credit note.
• The CAJ records goods returned to creditors - source
document = original credit note or a duplicate debit
note.




GR9 ACC T4 Mind Map Via Afrika Copyright © www.summariessa.co.za (DO NOT COPY)