Grade 10 Accounting: Exam Preparation
Overview:
Instructions and tips
1. Answer ALL the questions.
2. A special ANSWER BOOK is provided in which to answer ALL the questions.
3. Workings must be shown in order to achieve part-marks.
4. Non-programmable calculators may be used.
5. You may use dark pencil or blue/black ink to answer the questions.
6. Round off to two decimal places
7. Round off all cents to the nearest rand
8. Write neatly and legibly
9. Work fast and start with what you find most comfortable with
10. DO NOT use tipex
Work to study
• GAAP Principles
• Differences between informal and formal businesses
• Differences between ethical and unethical practices within the business
• All source documents
• All journals
• All ledgers
• All trial balances
• VAT
• Adjustments and closing transfers
SOURCE JOURNAL General ledger
DOCUMENT
Debit Credit
Duplicate receipts CRJ Bank Capital, Sales,
Cash register tape (CRT) Debtors Control
Fee income
Interest income
Cheque counterfoil CPJ Expenses paid Bank
Assets bought
, Drawings
Petty cash voucher PCJ Expenses paid Petty cash
Assets bought
Drawings
Duplicate invoice DJ Debtors control Sales
Cost of sales Trading stock
Credit note DAJ Debtors allowances Debtors control
Trading stock Cost of sales
Original Invoice CJ Expenses / Assets Creditors control
bought
Debit note CAJ Creditors control Expenses / Assets
bought
Remember that the new journals, GJ, SJ and WJ need to be posted to the ledgers as well.
Overview:
Instructions and tips
1. Answer ALL the questions.
2. A special ANSWER BOOK is provided in which to answer ALL the questions.
3. Workings must be shown in order to achieve part-marks.
4. Non-programmable calculators may be used.
5. You may use dark pencil or blue/black ink to answer the questions.
6. Round off to two decimal places
7. Round off all cents to the nearest rand
8. Write neatly and legibly
9. Work fast and start with what you find most comfortable with
10. DO NOT use tipex
Work to study
• GAAP Principles
• Differences between informal and formal businesses
• Differences between ethical and unethical practices within the business
• All source documents
• All journals
• All ledgers
• All trial balances
• VAT
• Adjustments and closing transfers
SOURCE JOURNAL General ledger
DOCUMENT
Debit Credit
Duplicate receipts CRJ Bank Capital, Sales,
Cash register tape (CRT) Debtors Control
Fee income
Interest income
Cheque counterfoil CPJ Expenses paid Bank
Assets bought
, Drawings
Petty cash voucher PCJ Expenses paid Petty cash
Assets bought
Drawings
Duplicate invoice DJ Debtors control Sales
Cost of sales Trading stock
Credit note DAJ Debtors allowances Debtors control
Trading stock Cost of sales
Original Invoice CJ Expenses / Assets Creditors control
bought
Debit note CAJ Creditors control Expenses / Assets
bought
Remember that the new journals, GJ, SJ and WJ need to be posted to the ledgers as well.
