TMS3708 Assignment 4
Memo (COMPLETE
ANSWERS) Due 28 July
2025
For assistance contact
Email:
, [SCHOOL NAME]
Financial Literacy: Cash Receipts Journal Test
Subject: Economic and Management Sciences (EMS) Grade: 9 Topic: Financial Literacy: Cash
Receipts Journal (Sole Trader) Date: [Date of Test] Duration: 45 minutes Total Marks: 40
Learner Information:
Name: _______________________________________ Surname:
____________________________________ Class:
_______________________________________
Instructions to Learners:
1. Read all questions carefully before answering.
2. Answer ALL questions in the spaces provided.
3. Show all calculations where required.
4. Write neatly and legibly.
QUESTION 1: Multiple Choice Questions (5 Marks)
Choose the correct answer from the options provided and write the letter (A, B, C, or D) next to
the question number.
1.1. Which of the following is the primary source document for cash received from a customer
for goods sold? A. Cheque counterfoil B. Bank statement C. Duplicate receipt D. Invoice
1.2. The Cash Receipts Journal (CRJ) is used to record: A. All cash payments made by the
business. B. All credit sales made by the business. C. All cash received by the business. D. All
purchases made by the business.
1.3. The "Analysis of Receipts" column in the CRJ is used for: A. Recording the total amount of
cash received from various sources before depositing. B. Recording all cash payments made by
the business. C. Recording only cash sales. D. Recording money paid into the bank.
1.4. If a sole trader contributes personal cash to the business, this transaction is recorded in the
CRJ under which column? A. Sales B. Sundry Accounts C. Drawings D. Bank
1.5. Which of the following accounts will be debited in the General Ledger when cash is
received by the business? A. Sales account B. Bank account C. Capital account D. Sundry
Accounts
QUESTION 2: Short Answer and Explanation (10 Marks)
2.1. Define the term "Cash Receipts Journal" in your own words. (2)
______________________________________________________________________________
______________________________________________________________________________
Memo (COMPLETE
ANSWERS) Due 28 July
2025
For assistance contact
Email:
, [SCHOOL NAME]
Financial Literacy: Cash Receipts Journal Test
Subject: Economic and Management Sciences (EMS) Grade: 9 Topic: Financial Literacy: Cash
Receipts Journal (Sole Trader) Date: [Date of Test] Duration: 45 minutes Total Marks: 40
Learner Information:
Name: _______________________________________ Surname:
____________________________________ Class:
_______________________________________
Instructions to Learners:
1. Read all questions carefully before answering.
2. Answer ALL questions in the spaces provided.
3. Show all calculations where required.
4. Write neatly and legibly.
QUESTION 1: Multiple Choice Questions (5 Marks)
Choose the correct answer from the options provided and write the letter (A, B, C, or D) next to
the question number.
1.1. Which of the following is the primary source document for cash received from a customer
for goods sold? A. Cheque counterfoil B. Bank statement C. Duplicate receipt D. Invoice
1.2. The Cash Receipts Journal (CRJ) is used to record: A. All cash payments made by the
business. B. All credit sales made by the business. C. All cash received by the business. D. All
purchases made by the business.
1.3. The "Analysis of Receipts" column in the CRJ is used for: A. Recording the total amount of
cash received from various sources before depositing. B. Recording all cash payments made by
the business. C. Recording only cash sales. D. Recording money paid into the bank.
1.4. If a sole trader contributes personal cash to the business, this transaction is recorded in the
CRJ under which column? A. Sales B. Sundry Accounts C. Drawings D. Bank
1.5. Which of the following accounts will be debited in the General Ledger when cash is
received by the business? A. Sales account B. Bank account C. Capital account D. Sundry
Accounts
QUESTION 2: Short Answer and Explanation (10 Marks)
2.1. Define the term "Cash Receipts Journal" in your own words. (2)
______________________________________________________________________________
______________________________________________________________________________
