NEW ERA
Accounting
Grade 11
Teacher’s Guide
Authors
Diane Woodroffe, Trevor Hall, Pravin Singh
Joe Ramsamy, Hanif Aboobaker
, PREFACE
COPYRIGHT
This publication includes images from Corel Print House ™ Magic 4 which are protected by the copyright
laws of the USA, Canada and elsewhere. Used under licence.
Copyright 2012 by New Generation Publishers
New Generation Publishers
P.O. Box 51227, Musgrave, 4062
Tel: 031-2632201
Fax: 031-2632202
Email:
All rights reserved. No part of this publication may be copied or reproduced or transmitted in any form or
by any means, electronic or mechanical, including photocopying, recording or any information storage and
retrieval system without the written permission of New Generation Publishers.
ISBN: 978-1-920321-85-7
, CONTENTS
Note to Teacher & Weekly Module 3 (Contd): Module 6:
Planner: Task Page Partnership financial
Page (iii) – (ix) 3.23 65 statements
3.24, 3.25 66 Task Page
Module 1: 3.26 67 6.1 - 6.4 133
Ethics 3.27, 3.28 69 6.5, 6.6 134
Task Page 3.29, 3.30 70 6.7 139
1.1 1 3.31 71 6.8 142
1.2 – 1.4 2 3.32, 3.33 72 6.9 144
1.5 3 3.34 73 6.10 147
1.6 4 6.11 148
1.7, 1.8 5 Module 4: 6.12 150
1.9, 1.10 6 Fixed assets 6.13 153
1.11, 1.12 7 Task Page 6.14 155
1.13, 1.14 8 6.15 158
4.1, 4.2 75
1.15, 1.16 9 6.16 159
4.3 76
1.17 10 6.17 163
4.4, 4.5 77
1.18 11 6.18 165
4.6 78
Additional re- 6.19 171
4.7 79
sources 12 6.20 176
4.8 80
6.21 180
4.9 81
Module 2: 6.22 185
4.10, 4.11 82
6.23 188
Internal control 4.12 83
6.24 190
Task Page 4.13, 4.14 84
6.25 193
2.1, 2.2 33 4.15, 4.16 85
2.3 34 4.17 86
4.18 87 Module 7:
2.4 - 2.6 35
4.19 89 Partnerships: Interpreta-
2.7, 2.8 36
2.9, 2.10 37 4.20, 4.21 91 tion of Financial state-
2.11 38 4.22 92 ments
2.12 39 4.23 93 Task Page
2.13, 2.14 40 4.24, 4.25 94 7.1 197
2.15 42 7.2, 7.3 198
2.16 43 Module 5: 7.4 199
2.17 44 Partnerships 7.5, 7.6 200
Task Page 7.7 201
Module 3: 5.1 98 7.8 203
Reconciliation 5.2 99 7.9 204
5.3, 5.4 100 7.10 205
Task Page
5.5 - 5.7 101 7.11 206
3.1 45 7.12 207
3.2 46 5.8, 5.9 102
5.10 103 7.13 208
3.3, 3.4 48 7.14 210
3.5, 3.6 49 5.11 104
5.12 106 7.15, 7.16 211
3.7 50 7.17 212
3.8 51 5.13, 5.14 108
5.15, 5.16 109 7.18 213
3.9 52 7.19 216
3.10 53 5.17 111
5.18 112 7.20 218
3.11 54 7.21 220
3.12 55 5.19 113
5.20 115 7.22 222
3.13, 3.14 57 7.23 224
3.15 58 5.21 116
5.22 117 7.24 229
3.16, 3.17 59 7.25 230
3.18 60 5.23 118
3.19 61 5.24, 5.25 119
3.20 63 5.26 124
3.21, 3.22 64 5.27 128
New Era Accounting: Grade 11 (i) Teacher’s Guide
, Module 8: Module 10: Module 13:
Clubs Budgets Revision
Task Page Task Page Task Page
8.1 233 10.1 291 Bank Reconciliation
8.2, 8.3 234 10.2 292 13.1 366
8.4 237 10.3, 10.4 293 13.2 367
8.5, 8.6 238 10.5 294 13.3 368
8.7 239 10.6 295 13.4 369
8.8, 8.9 240 10.7, 10.8 296 Extra Task 1 369
8.10, 8.11 241 10.9 297 Extra Task 2 371
8.12 242 10.10, 10.11 298 Extra Task 3 373
8.13 243 10.12, 10.13 299 Extra Task 4 374
8.14 244 10.14 300 Creditors Reconciliation
Extra Task 1 245 10.15 301 13.5 376
Extra Task 2 247 10.16 302 13.6 377
8.15 - 8.17 248 10.17 303 13.7, 13.8 378
8.18 250 10.18 305 Fixed Assets
8.19 253 10.19 306 13.9 379
8.20 255 10.20 309 13.10 381
8.21 257 10.21 310 13.11 383
8.22 259 10.22 311 13.12 384
Extra Task 3 261 10.23 312 13.13 385
8.23 266 10.24 314 Partnerships
8.24, 8.25 267 10.25 315 13.14 386
8.26 268 13.15 388
8.27, 8.28 269 Module 11: 13.16 395
Inventory 13.17 396
Module 9: 13.18, 13.19 399
Task Page
Cost Accounting 13.20 401
11.1 317 Clubs
Task Page 11.2, 11.3 318 13.21 403
9.1 271 11.4, 11.5 319 13.22, 13.23 406
9.2, 9.3 273 11.6, 11.7 320 13.24 408
9.4 274 11.8 321 Cost Accounting
9.5 275 11.9 322 13.25 409
9.6 277 11.10, 11.11 323 13.26, 13.27 410
9.7 278 11.12 324
13.28 412
9.8 279 11.13 325 Budgets
9.9 281 Extra Task 326
13.29, 13.30 414
9.10 282 11.14 327 13.31 415
9.11, 9.12 283 11.15 334 Inventory systems
9.13 284 11.16 343 13.32 416
9.14 286 11.17 344 13.33 417
9.15 287 11.18 - 11.20 351 13.34 418
9.16, 9.17 288 13.35 422
9.18 289 Module 12: 13.36 423
9.19 290 VAT Vat
Task Page 13.37 423
12.1 355 13.38, 13.39 424
12.2 356 13.40 425
12.3 - 12.5 357 13.41 426
12.6 - 12.8 359 13.42 427
12.9 360 13.43 428
12.10, 12.11 361
12.12, 12.13 362 Module 14:
12.14, 12.15 363 Examination papers
Task Page
Paper 1 431
Paper 2 441
New Era Accounting: Grade 11 (ii) Teacher’s Guide
Accounting
Grade 11
Teacher’s Guide
Authors
Diane Woodroffe, Trevor Hall, Pravin Singh
Joe Ramsamy, Hanif Aboobaker
, PREFACE
COPYRIGHT
This publication includes images from Corel Print House ™ Magic 4 which are protected by the copyright
laws of the USA, Canada and elsewhere. Used under licence.
Copyright 2012 by New Generation Publishers
New Generation Publishers
P.O. Box 51227, Musgrave, 4062
Tel: 031-2632201
Fax: 031-2632202
Email:
All rights reserved. No part of this publication may be copied or reproduced or transmitted in any form or
by any means, electronic or mechanical, including photocopying, recording or any information storage and
retrieval system without the written permission of New Generation Publishers.
ISBN: 978-1-920321-85-7
, CONTENTS
Note to Teacher & Weekly Module 3 (Contd): Module 6:
Planner: Task Page Partnership financial
Page (iii) – (ix) 3.23 65 statements
3.24, 3.25 66 Task Page
Module 1: 3.26 67 6.1 - 6.4 133
Ethics 3.27, 3.28 69 6.5, 6.6 134
Task Page 3.29, 3.30 70 6.7 139
1.1 1 3.31 71 6.8 142
1.2 – 1.4 2 3.32, 3.33 72 6.9 144
1.5 3 3.34 73 6.10 147
1.6 4 6.11 148
1.7, 1.8 5 Module 4: 6.12 150
1.9, 1.10 6 Fixed assets 6.13 153
1.11, 1.12 7 Task Page 6.14 155
1.13, 1.14 8 6.15 158
4.1, 4.2 75
1.15, 1.16 9 6.16 159
4.3 76
1.17 10 6.17 163
4.4, 4.5 77
1.18 11 6.18 165
4.6 78
Additional re- 6.19 171
4.7 79
sources 12 6.20 176
4.8 80
6.21 180
4.9 81
Module 2: 6.22 185
4.10, 4.11 82
6.23 188
Internal control 4.12 83
6.24 190
Task Page 4.13, 4.14 84
6.25 193
2.1, 2.2 33 4.15, 4.16 85
2.3 34 4.17 86
4.18 87 Module 7:
2.4 - 2.6 35
4.19 89 Partnerships: Interpreta-
2.7, 2.8 36
2.9, 2.10 37 4.20, 4.21 91 tion of Financial state-
2.11 38 4.22 92 ments
2.12 39 4.23 93 Task Page
2.13, 2.14 40 4.24, 4.25 94 7.1 197
2.15 42 7.2, 7.3 198
2.16 43 Module 5: 7.4 199
2.17 44 Partnerships 7.5, 7.6 200
Task Page 7.7 201
Module 3: 5.1 98 7.8 203
Reconciliation 5.2 99 7.9 204
5.3, 5.4 100 7.10 205
Task Page
5.5 - 5.7 101 7.11 206
3.1 45 7.12 207
3.2 46 5.8, 5.9 102
5.10 103 7.13 208
3.3, 3.4 48 7.14 210
3.5, 3.6 49 5.11 104
5.12 106 7.15, 7.16 211
3.7 50 7.17 212
3.8 51 5.13, 5.14 108
5.15, 5.16 109 7.18 213
3.9 52 7.19 216
3.10 53 5.17 111
5.18 112 7.20 218
3.11 54 7.21 220
3.12 55 5.19 113
5.20 115 7.22 222
3.13, 3.14 57 7.23 224
3.15 58 5.21 116
5.22 117 7.24 229
3.16, 3.17 59 7.25 230
3.18 60 5.23 118
3.19 61 5.24, 5.25 119
3.20 63 5.26 124
3.21, 3.22 64 5.27 128
New Era Accounting: Grade 11 (i) Teacher’s Guide
, Module 8: Module 10: Module 13:
Clubs Budgets Revision
Task Page Task Page Task Page
8.1 233 10.1 291 Bank Reconciliation
8.2, 8.3 234 10.2 292 13.1 366
8.4 237 10.3, 10.4 293 13.2 367
8.5, 8.6 238 10.5 294 13.3 368
8.7 239 10.6 295 13.4 369
8.8, 8.9 240 10.7, 10.8 296 Extra Task 1 369
8.10, 8.11 241 10.9 297 Extra Task 2 371
8.12 242 10.10, 10.11 298 Extra Task 3 373
8.13 243 10.12, 10.13 299 Extra Task 4 374
8.14 244 10.14 300 Creditors Reconciliation
Extra Task 1 245 10.15 301 13.5 376
Extra Task 2 247 10.16 302 13.6 377
8.15 - 8.17 248 10.17 303 13.7, 13.8 378
8.18 250 10.18 305 Fixed Assets
8.19 253 10.19 306 13.9 379
8.20 255 10.20 309 13.10 381
8.21 257 10.21 310 13.11 383
8.22 259 10.22 311 13.12 384
Extra Task 3 261 10.23 312 13.13 385
8.23 266 10.24 314 Partnerships
8.24, 8.25 267 10.25 315 13.14 386
8.26 268 13.15 388
8.27, 8.28 269 Module 11: 13.16 395
Inventory 13.17 396
Module 9: 13.18, 13.19 399
Task Page
Cost Accounting 13.20 401
11.1 317 Clubs
Task Page 11.2, 11.3 318 13.21 403
9.1 271 11.4, 11.5 319 13.22, 13.23 406
9.2, 9.3 273 11.6, 11.7 320 13.24 408
9.4 274 11.8 321 Cost Accounting
9.5 275 11.9 322 13.25 409
9.6 277 11.10, 11.11 323 13.26, 13.27 410
9.7 278 11.12 324
13.28 412
9.8 279 11.13 325 Budgets
9.9 281 Extra Task 326
13.29, 13.30 414
9.10 282 11.14 327 13.31 415
9.11, 9.12 283 11.15 334 Inventory systems
9.13 284 11.16 343 13.32 416
9.14 286 11.17 344 13.33 417
9.15 287 11.18 - 11.20 351 13.34 418
9.16, 9.17 288 13.35 422
9.18 289 Module 12: 13.36 423
9.19 290 VAT Vat
Task Page 13.37 423
12.1 355 13.38, 13.39 424
12.2 356 13.40 425
12.3 - 12.5 357 13.41 426
12.6 - 12.8 359 13.42 427
12.9 360 13.43 428
12.10, 12.11 361
12.12, 12.13 362 Module 14:
12.14, 12.15 363 Examination papers
Task Page
Paper 1 431
Paper 2 441
New Era Accounting: Grade 11 (ii) Teacher’s Guide
