TMS3708 Assignment 4 (COMPLETE ANSWERS) Semester 1 2025 – DUE 28 July 2025; 100% correct solutions and explanations.

,TMS3708 Assignment 4 (COMPLETE ANSWERS)
Semester 1 2025 – DUE 28 July 2025; 100% correct solutions
and explanations.
GRADE 9 EMS CLASS TEST
Topic: Financial Literacy – Cash Receipts Journal of a Sole Trader
Total Marks: 40
Time: 40 minutes



Learner Information
Name: _______________________________________
Grade: __________
Date: __________________
Teacher’s Name: ___________________________



Instructions:
 Answer all questions.
 Show all workings where necessary.
 Write neatly and legibly.
 Read each question carefully.
 Marks are indicated in brackets.



Question 1: Multiple Choice Questions (Bloom:
Remembering/Understanding)
[10 marks – 5 questions × 2 marks]

, Choose the correct answer from the options provided. Write only the
letter (A–D) next to the question number.
1.1 The Cash Receipts Journal is used to record:
A. All credit sales
B. All payments made by the business
C. All receipts of money by the business
D. All purchases of inventory

1.2 Which of the following source documents would be used for a
cash sale?
A. Invoice
B. Deposit slip
C. Cash register roll
D. Receipt

1.3 In the Cash Receipts Journal, the bank column is always:
A. Credited
B. Debited
C. Recorded last
D. Left empty

1.4 The correct journal for recording a loan received in cash is:
A. Cash Payments Journal
B. Sales Journal
C. Petty Cash Journal
D. Cash Receipts Journal

1.5 The purpose of the CRJ is to:
A. Record all transactions with suppliers
B. Record only salary payments
C. Summarise all money received by the business
D. Record credit purchases only