Cash Receipt Journal, Cash Payment Journal: Economic Management Sciences Grade 8
Cash Receipt Journal, Cash Payment Journal: Economic Management Sciences Grade 8
Cash Receipt Journal, Cash Payment Journal: Economic Management Sciences Grade 8
2.1 Vehicles
2.3 Loan
2.5 Capital
Question 3: Transfer the following transactions for October 2017 for Princess Doggy
Parlour to the accounting equation, showing the effect with a + or -.
1. Pieter Smith inherited R100 000 from his grandmother. He decided to invest half
of his inheritance in a doggy parlour business, Princess Doggy Parlour. The
amount was deposited into the current banking account of the business. Receipt
01 was issued.
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Economic Management Sciences Grade 8
2. Paid R550 to the City Council by cheque 001 for the trading licence.
3. During the first week, Princess Doggy Parlour, received R3 500 for services
rendered.
4. Bought cleaning materials and brushes from Top Dog, R500 and paid by cheque.
5. Bought a second-hand car for R95 000. Pay R20 000 for a deposit.
6. The owner increased his capital contribution by 10%, by depositing a cheque in
the current account of the business.
7. Pieter took R2 500 from the business account for personal use.
8. Paid the weekly wages of two workers by cheque. Each worker receives R1 050
per week.
9. The owner E. Scott sent a business cheque to pay his telephone accounts:
R250 for the business telephone account.
R170 for his personal telephone account.
10.Rent of R23 000 was paid to the land lord.
OE A L
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Economic Management Sciences Grade 8
SUNDRY ACCOUNTS
DOC DA NAME OF BANK WAGES SERVICE
Y PAYEE MATERIALS
AMOUNT F DETAILS
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
4.4 Name TWO source documents used to draw up this type of journal.
_________________________________________________________________________
_________________________________________________________________________
_________________________________________________________________________
4.6 What will the Name of Payee be on the 4 of August? (Write your answer in
th
the journal)
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Economic Management Sciences Grade 8
4.7 Record the following transactions in the above cash journal. Close off the journal
at the end of the month.
Question 5: Enter the following transactions into the cash journals of Apple Repairs
for October 2017. Close off the journals at the end of the month.
Transactions for October:
1 The owner, R van der Merwe, started the business by depositing R250 000 into
the business bank account. Receipt no.01 was issued to her.
4 Cash received for services rendered according to the cash register roll,
R6 700.
Bought pens and receipt books from ABC Stationers and paid by cheque 005,
R150.
6 Paid the week’s wages by cashing a cheque, R1 850
10 Sent a cheque for R300 to PINK Traders for the following:
Cleaning Materials, R220.
Stationery, R80.
15 During the second week, R7 300 was received from customers as per cash
register roll.
Received a cheque from C. Hanekom for rent for October 2017. The rent is
R42 000 per year.
20 Bought a property from Real Estates, R180 000 and paid by cheque.
28 Paid the salary of the manager, M.Williams for R 15 000 and the cashier, K.Buys
for R8 200.
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Economic Management Sciences Grade 8
SUNDRY ACCOUNTS
DETAILS ANALYSIS BANK CURRENT
DOC
DAY
SUNDRY ACCOUNTS
NAME OF BANK WAGES STATION
DOC
DAY
PAYEE ERY
AMOUNT F DETAILS
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Economic Management Sciences Grade 8
MEMO:
Question 1: Select the correct answer from the options given:
1.1 B 1.2 C 1.3 D 1.4 D 1.5 A
Question 2: Next to each of the following accounts, show what kind of account it is by
ticking the correct column:
2.1 Vehicles X
2.3 Loan X
2.5 Capital X
Question 3: Transfer the following transactions for October 2017 for Princess Doggy
Parlour to the accounting equation, showing the effect with a + or -.
1. Pieter Smith inherited R100 000 from his grandmother. He decided to invest half
of his inheritance in a doggy parlour business, Princess Doggy Parlour. The
amount was deposited into the current banking account of the business. Receipt
01 was issued.
2. Paid R550 to the City Council by cheque 001 for the trading licence.
3. During the first week, Princess Doggy Parlour, received R3 500 for services
rendered.
4. Bought cleaning materials and brushes from Top Dog, R500 and paid by cheque.
5. Bought a second-hand car for R95 000. Pay R20 000 for a deposit.
6. The owner increased his capital contribution by 10%, by depositing a cheque in
the current account of the business.
7. Pieter took R2 500 from the business account for personal use.
8. Paid the weekly wages of two workers by cheque. Each worker receives R1 050
per week.
9. The owner E. Scott sent a business cheque to pay his telephone accounts:
R250 for the business telephone account.
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Economic Management Sciences Grade 8
2 - R500 - R500
3 + R3 500 + R3 500
4 - R500 - R500
6 + R5000 + R5000
7 - R2 500 - R2 500
8 - R2 100 - R2 100
9 - R250 R250
(telephone) R170
- R170 (drawings)
Cash Payment Journal of Curly Hair Salon for August 2017 CPJ 8
SUNDRY ACCOUNTS
DOC DAY NAME OF BANK WAGES SERVICE
PAYEE MATERIALS AMOUNT FOL DETAILS
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Economic Management Sciences Grade 8
Question 5: Enter the following transactions into the cash journals of Apple Repairs
for October 2017. Close off the journals at the end of the month.
Transactions for October:
1 The owner, R van der Merwe, started the business by depositing R250 000 into
the business bank account. Receipt no.01 was issued to her.
4 Cash received for services rendered according to the cash register roll,
R6 700.
Bought pens and receipt books from ABC Stationers and paid by cheque 005,
R150.
6 Paid the week’s wages by cashing a cheque, R1 850
10 Sent a cheque for R300 to PINK Traders for the following:
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Economic Management Sciences Grade 8
DAY
SUNDRY ACCOUNTS
NAME OF BANK WAGES STATION-
DOC
DAY
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Economic Management Sciences Grade 8
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