Date: MARCH 2025
Time: 1 HOUR (60 MIN)
Marks: 70 MARKS
Grade: 9
Subject: EMS FINANCIAL LITERACY (ACCOUNTING)
Paper: 1
Name and Surname:
General instructions for the writing of exams:
1. Quickly scan through your entire paper.
2. Read the question twice before you begin.
3. Make sure to answer ALL questions.
4. Write neatly and legibly.
5 If you struggle too much with a question, move on to the next one and return once
you have answered all the other questions.
6. If the question calls for a longer answer, plan before you start writing.
7. For any answer longer than 1-2 words, always write in full sentences.
8. Make sure every point you make refers to the central question.
9. Use correct grammar, spelling, and punctuation to the best of your ability.
10. If you make a mistake, cross it out clearly with a single, neat line and write the
correct answer instead.
11. Number the answers correctly according to the numbering system used in this
question paper.
12. Present your answers according to the instructions for each question.
Good luck with your exam!
Topics covered in this test.
Calculating different variables (cost price, profit, selling price and mark-up
percentage)
Cash Payment Journal (Theory and Application)
Cash Receipt Journal (Theory and Application)
General Ledger (Theory and Application)
Trial Balance (Theory and Application)
Accounting equation (CPJ and CRJ transactions)
Pg 1/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
, QUESTION 1 – ACCOUNTING CONCEPTS
Use the given words in the block to complete the sentences. Only write
down the word next to the question number.
payment; drawings; capital; asset; salaries; receipt;
liability;
1.1 … will be entered on the debit side of the trial balance.
1.2 … refers to the money that the owner takes for personal use.
1.3 A source document that can be used in the CRJ is a …
1.4 An EFT is used to record … in the CPJ.
1.5 Equipment is classified as an …
[5]
QUESTION 2 – CALCULATING DIFFERENT VARIABLES
Various options are provided to answer the following question. Choose
the correct answer and write the correct letter next to the question
number.
2.1 (1)
A mark-up is expressed in …
A. dollar
B. rand
C. percentage
D. general numbers
2.2 (1)
Mr. Senekal bought a computer for R1000 and sold it for R1
800. He made ...
A. a profit of R800
B. a profit of R2 800
Pg 2/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
, C. a loss of R800
D. a loss of 55%
2.3 (1)
Mrs Smit sold her car for R50 000 and made a profit of R25
000. This means that she bought the car for …
A. R75 000
B. R25 000
C. R50 000
D. R90 000
2.4 Mr. Greyling operates his business at a profit mark-up of (1)
70%. He sold goods for R17 000. The cost price of these
goods were …
A. R24 285
B. R17 070
C. R11 900
D. R10 000
2.5 Mrs. Cooper bought goods for R18 000 and sold it for R25
200. The mark-up on these items were …
A. 40%
B. 20%
C. 11%
D. 18%
[10]
Pg 3/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
Time: 1 HOUR (60 MIN)
Marks: 70 MARKS
Grade: 9
Subject: EMS FINANCIAL LITERACY (ACCOUNTING)
Paper: 1
Name and Surname:
General instructions for the writing of exams:
1. Quickly scan through your entire paper.
2. Read the question twice before you begin.
3. Make sure to answer ALL questions.
4. Write neatly and legibly.
5 If you struggle too much with a question, move on to the next one and return once
you have answered all the other questions.
6. If the question calls for a longer answer, plan before you start writing.
7. For any answer longer than 1-2 words, always write in full sentences.
8. Make sure every point you make refers to the central question.
9. Use correct grammar, spelling, and punctuation to the best of your ability.
10. If you make a mistake, cross it out clearly with a single, neat line and write the
correct answer instead.
11. Number the answers correctly according to the numbering system used in this
question paper.
12. Present your answers according to the instructions for each question.
Good luck with your exam!
Topics covered in this test.
Calculating different variables (cost price, profit, selling price and mark-up
percentage)
Cash Payment Journal (Theory and Application)
Cash Receipt Journal (Theory and Application)
General Ledger (Theory and Application)
Trial Balance (Theory and Application)
Accounting equation (CPJ and CRJ transactions)
Pg 1/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
, QUESTION 1 – ACCOUNTING CONCEPTS
Use the given words in the block to complete the sentences. Only write
down the word next to the question number.
payment; drawings; capital; asset; salaries; receipt;
liability;
1.1 … will be entered on the debit side of the trial balance.
1.2 … refers to the money that the owner takes for personal use.
1.3 A source document that can be used in the CRJ is a …
1.4 An EFT is used to record … in the CPJ.
1.5 Equipment is classified as an …
[5]
QUESTION 2 – CALCULATING DIFFERENT VARIABLES
Various options are provided to answer the following question. Choose
the correct answer and write the correct letter next to the question
number.
2.1 (1)
A mark-up is expressed in …
A. dollar
B. rand
C. percentage
D. general numbers
2.2 (1)
Mr. Senekal bought a computer for R1000 and sold it for R1
800. He made ...
A. a profit of R800
B. a profit of R2 800
Pg 2/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
, C. a loss of R800
D. a loss of 55%
2.3 (1)
Mrs Smit sold her car for R50 000 and made a profit of R25
000. This means that she bought the car for …
A. R75 000
B. R25 000
C. R50 000
D. R90 000
2.4 Mr. Greyling operates his business at a profit mark-up of (1)
70%. He sold goods for R17 000. The cost price of these
goods were …
A. R24 285
B. R17 070
C. R11 900
D. R10 000
2.5 Mrs. Cooper bought goods for R18 000 and sold it for R25
200. The mark-up on these items were …
A. 40%
B. 20%
C. 11%
D. 18%
[10]
Pg 3/8 www.summariessa.co.za Author: DAN SMI
EMS
MARCH
Grade: 9 Subject: (ACCOUNTIN Date:
2025
G)
