Datum / Date: NOVEMBER 2024
Tyd / Time: 2 HOURS
Punte / Marks: 100 MARKS
Graad / 9
Grade:
Vak / Subject: EMS FINANCIAL LITERACY (ACCOUNTING)
Vraestel / 1
Paper:
Naam en Van / 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 PAPER:
Basic Accounting Concepts
Cash Receipt Journal (Trading Business)
Cash Payment Journal (Trading Business)
Creditors Journal
Debtors Journal
Debtors Ledger
General Ledger
Accounting Equation
Bl / Pg 1/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
, Trial Balance
Bl / Pg 2/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
, SECTION A
QUESTION 1
Various options are provided as possible answer to the following
question. Choose the correct answer and only write down the correct
letter next to the question number.
1.1 (1)
How does a cash sale affect the accounting equation?
A. Increases assets and equity
B. Decreases assets and liabilities
C. Increases liabilities and equity
D. Decreases assets and equity
1.2 (1)
In the Cash Receipts Journal (CRJ), which type of entry is
recorded?
A. Only cash received
B. Only cash payments
C. All goods bought on credit
D. Only goods sold on credit
1.3 (1)
Which general ledger account is credited when a payment
is made in the CPJ?
A. Debtors Control
B. Creditors Control
C. Bank
D. Sales
1.4 Which of the following transactions would increase both (1)
assets and liabilities?
A. Purchasing inventory on credit
B. Paying a creditor
C. Selling inventory for cash
Bl / Pg 3/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
Tyd / Time: 2 HOURS
Punte / Marks: 100 MARKS
Graad / 9
Grade:
Vak / Subject: EMS FINANCIAL LITERACY (ACCOUNTING)
Vraestel / 1
Paper:
Naam en Van / 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 PAPER:
Basic Accounting Concepts
Cash Receipt Journal (Trading Business)
Cash Payment Journal (Trading Business)
Creditors Journal
Debtors Journal
Debtors Ledger
General Ledger
Accounting Equation
Bl / Pg 1/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
, Trial Balance
Bl / Pg 2/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
, SECTION A
QUESTION 1
Various options are provided as possible answer to the following
question. Choose the correct answer and only write down the correct
letter next to the question number.
1.1 (1)
How does a cash sale affect the accounting equation?
A. Increases assets and equity
B. Decreases assets and liabilities
C. Increases liabilities and equity
D. Decreases assets and equity
1.2 (1)
In the Cash Receipts Journal (CRJ), which type of entry is
recorded?
A. Only cash received
B. Only cash payments
C. All goods bought on credit
D. Only goods sold on credit
1.3 (1)
Which general ledger account is credited when a payment
is made in the CPJ?
A. Debtors Control
B. Creditors Control
C. Bank
D. Sales
1.4 Which of the following transactions would increase both (1)
assets and liabilities?
A. Purchasing inventory on credit
B. Paying a creditor
C. Selling inventory for cash
Bl / Pg 3/8 www.summariessa.co.za Opsteller /
DAN SMI
Author:
Graad / Vak / EMS- Datum / Date:
9 NOV 2024
Grade: Subject: Accounting
