Grade 10 Accounting: Exam Questions
Questions
Enter the following transactions in the General Journal of T.Tyger.
August 2015
8 Goods sold to O. Olifant for R440 in July were incorrectly debited to the account of A.
Olifant. Correct the error.
12 T Tyger took goods marked at R330 for his own use. The firm sells goods at a mark up of
10% on cost.
14 T Tyger took stationery for own use R100.
16 N Langa, a debtor was declared insolvent. A cheque for the final dividend of 40 cents in the
rand on a debt of R600 had been received from his attorneys and entered in the CRJ. Write
the balance off as bad.
20 L Nhlapo charged T Tyger R35 interest on his overdue account.
24 Donated goods marked R550 to the Youth Club.
31 In July a computer (R8000) and computer paper (R1500) were bought on credit from
Sekobane Stationers. The whole amount was debited to the stationery account. Correct the
error.
, GENERAL JOURNAL OF T TYGER – AUGUST 2015
DEBTORS CREDITORS
DETAILS Debit Credit Debit Credit Debit Credit
8 O.Olifant 440 440
A.Olifant 440 440
12 Drawings 300
Trading Stock 300
14 Drawings 100
Stationery 100
16 Bad Debts 360
N Langa 360 360
20 Interest on Accounts 35
L Nhlapo 35 35
24 Donations 500
Trading Stock 500
31 Equipment 8000
Stationery 8000
Questions
Enter the following transactions in the General Journal of T.Tyger.
August 2015
8 Goods sold to O. Olifant for R440 in July were incorrectly debited to the account of A.
Olifant. Correct the error.
12 T Tyger took goods marked at R330 for his own use. The firm sells goods at a mark up of
10% on cost.
14 T Tyger took stationery for own use R100.
16 N Langa, a debtor was declared insolvent. A cheque for the final dividend of 40 cents in the
rand on a debt of R600 had been received from his attorneys and entered in the CRJ. Write
the balance off as bad.
20 L Nhlapo charged T Tyger R35 interest on his overdue account.
24 Donated goods marked R550 to the Youth Club.
31 In July a computer (R8000) and computer paper (R1500) were bought on credit from
Sekobane Stationers. The whole amount was debited to the stationery account. Correct the
error.
, GENERAL JOURNAL OF T TYGER – AUGUST 2015
DEBTORS CREDITORS
DETAILS Debit Credit Debit Credit Debit Credit
8 O.Olifant 440 440
A.Olifant 440 440
12 Drawings 300
Trading Stock 300
14 Drawings 100
Stationery 100
16 Bad Debts 360
N Langa 360 360
20 Interest on Accounts 35
L Nhlapo 35 35
24 Donations 500
Trading Stock 500
31 Equipment 8000
Stationery 8000
