Ems p1 8 Question Paper Final 2023
Ems p1 8 Question Paper Final 2023
Ems p1 8 Question Paper Final 2023
INSTRUCTIONS
This question paper consists of 2 Sections: _______=______%
1. Read each question carefully.
2. This paper must be completed in 60 minutes. 50
3. Write neatly and legibly.
4. Answer ALL questions using the spaces provided.
SURNAME : ______________________________________________________
SCHOOL : ______________________________________________________
MARKS TIME
SECTION TYPES OF QUESTIONS
ALLOCATION ALLOCATION
SECTION A 1.1. Multiple Choice Question 03
▪ Financial Literacy
[15 Marks] 1.2. True or False 03
09 15 minutes
1.3. Matching Columns 03
SECTION B 2. Accounting Equation 08
▪ Financial Literacy 38
30 40 minutes
[35 Marks] 3. Cash Journals
4. Accounting Cycle 03 03 05 minutes
TOTAL 50 60 minutes
SECTION A
QUESTION 1
1.1 MULTIPLE CHOICE QUESTIONS [03 Marks]
Choose one correct answer from the alternatives given. Write the correct letter in the
spaces provided.
STATEMENTS MARKS ANSWER
1.1.1 Another term for book of the first entry
A. General Ledger
B. Trial Balance
(1)
C. Debtors Ledger
D. Subsidiary Journal
1.1.2 Received EFT no.22 from a tenant S. Duma R700.00. The
correct analysis of this transaction is...
Assets = Owners Equity + Liabilities
(1)
A. +R700 = +R700 + 0
B. +R700 = - R700 + 0
C. - R700 = 0 + - R700
D. - R700 = - R700 + 0
1.1.3 Which one of the following represent the Accounting
equation 03
A. OE+A=L (1)
B. L-OE=A
C. A=OE+L
D. L+A+OE
Transactions:
2.1. Bought a equipment from Prince Traders, paid by EFT 006, R4 800.
2.2. B. Sibiya increased his capital contribution from R15 000 to R20 000. Issued receipt A01
2.3. Owner cashed EFT 007 for personal use, R400
2.4. Issued receipt A02 to R Mashesha for services rendered, R270
2.2
2.3
2.4
08
QUESTION 3 – CASH JOURNALS Marks: 30
On 1 October 2023 Smakade Sono started a plumbing business, Sono Plumbers. Record the
transactions in the Cash Journals for the month. Analysis columns are provided. Do not change
or add other analysis columns. Do not cast off the journals at the end of the month. Use the
answer sheet below.
Transactions: October 2023
01 The owner electronically transferred R120 000 into the business bank account as his
capital contribution. (Receipt 01).
02 Issued EFT 001 to the Municipality for trading licence, R980
03 Bought a Vehicle from BB Motors, paid by EFT 002, R44 500
04 Purchased the following items from ZC Traders as per EFT 003:
▪ Office furniture, R5 600
▪ Office computer, R4 300
▪ Material costs, R11 750
08 Services rendered as per cash register roll, R15 340 (CRTA1).
Received R1 200 cash from C. Gina, a tenant, for monthly rent (Receipt 02)
09 Cashed EFT 004 for cash float, R500 and wages, R1 600
15 R. Ncube paid R3 940 cash for the installation of water pipes in his house (Receipt 03)
24 Bought stationery from KK Stationers, R880 (EFT 005).
14
4.1.1______________________
__
4.1.2 ___________________
4.1.3. Journals
4.1.5_______________________
03
4.1.1
4.1.2
4.1.5