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Grade 9 Economic and Management Science (EMS) (Accounting) March Paper and Memo - 2024

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Grade 9 EMS (Accounting) March Paper and Memo: Total:  50 Marks.      Time:  60min Contents of the exam paper contains the following details: Accounting Definitions | Calculation cost price / selling price / profit / profit margin | Cash Payment Journal | Cash Receipt Journal | General Ledger | Trail Balance This is a practice paper with memorandum meant to test the student's knowledge, and will not be the same paper written for the exam. DAN SMI

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GRADE 9
ACCOUNTING
TERM 1


TEST

MARKS: 50
TIME: 1 HOUR



www.summariessa.co.za

, SECTION A

QUESTION 1

1.1.1 Several options are given as possible answers to the following questions. Choose the answer
and write only the letter (A-D) next to the question numbers (1.1.1 to 1.1.5) in the ANSWER
BOOK, e.g. 1.1.6 D.


1.1.1 Sales will be recored on the ... side of the trail balance.
A. left
B. credit
C. right
D. debit


1.1.2 Buy new equipment, R10 000 from New Market Trading.
A. Assets increase with R10 000
B. Assets decrease with R10 000
C. Owners Equity increase with R10 000
D. Assets will increase and decrease with R10 000


1.1.3 Which financial statement reports a company’s revenues and expenses over a specific
period?
A CRJ
B CPJ
C Balance sheet
D Income statement


1.1.4 Which of the following is a current asset
A Land and buildings
B Loans
C Debtors
D Sales


1.1.5 What is the accounting equation?
A Assets = Owners Equity - Liability
B Assets = Owners Equity + Liability
C Assets = Owners Equity x Liability
D Assets + Owners Equity - Liability (5 x 1) (5)

2|Page www.summariessa.co.za E M S – A c c o u n ti n g
Grade 9 March Paper

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