KING CETSHWAYO DISTRICT

ECONOMIC AND MANAGEMENT SCIENCES (EMS)

MID-YEAR CONTROLLED TEST 2025- P1

GRADE 9

SCHOOL :_________________________________________________

LEARNER’S NAME & SURNAME: __________________________________________________

DATE : 17 JUNE 2025

Duration: 60 Minutes Marks: 50

SECTION QUESTION Topics covered/ OVERALL LEARNER

Types of question MARK MARK
SECTION A
1 Multiple choice 5

2 True or False 5

3 Matching Column A & Column B 5

SECTION B 4.1 General ledger 7
4.2 Journals 16
4 4.3 Accounting equation 6
4.4 Debtor’s ledger 6
TOTAL MARKS 50

INSTRUCTIONS
This question paper consists of 2 sections:

1. Read each question carefully.

2. This paper must be completed in 60 minutes.
3. Write neatly and legibly.
4. Answer all questions using the space provided
 SECTION A

QUESTION 1 - MULTIPLE CHOICE (05)

1.For each statement, there are THREE possible answers. Choose the letter representing the
correct answer e.g. 1.6.A. Write in the space provided.
STATEMENTS ANSWERS

1.1. The subsidiary journal that is used to record the cash sales transaction is
known as a------------------------
A. Cash payments Journal
B. Debtors journal
C. Cash Receipts Journal

1.2. Bank account in the accounting equation is classified as ?

A. Owner’s Equity
B. Liabilities
C. Assets
1.3 . Rent received from a tenant, B, Vilakazi for R1 000. Below, identify the
correct procedure when posting rent income into the general ledger.
A. Rent income will be credited with R1 000
B. Bank will be credited with rent income
C. Rent will be debited with R1 000
1.4 . The arithmetical correctness of balance or totals in the general ledger is
tested by-----
A. A set of accounts in the general ledger
B. Trial balance
C. Final accounts

1.5 . Ngubane Traders sells their stock on credit at a mark-up of 45%. If the cost
price of the goods is R500. Calculate the correct selling price.
A. R225
B. R725
C. R340
 QUESTION 2 –TRUE or FALSE (05 )

State whether the following statements are TRUE or FALSE. Write the correct answer in the
space provided.
Statement Answer
2.1. All expenses increase owner’s equity on the accounting equation
2.2. Goods bought for cash increase bank account.
2.3. Balance sheet forms part of trial balance

2.4. Wages paid will be recorded on the debit side in the General Ledger
2.5 The duplicate invoice is the source document used to complete a debtor’s
Journal

QUESTION 3: MATCHING COLUMN A & COLUMN B (5)

Choose the correct statement from Column B that matches the term in Column A. Use the spaces
provided to write answers
Column A Column B Answer
3.1 Assets A. When total receipts are greater than total payments, the
balance at the end will be shown on a……….
3.2 Sales B. In trial balance, telephone form part of the ------

3.3 Nominal C. All possessions of the business used to generate income

account section

3.4 Debit D. An individual or business that owes money to another

individual or business
3.5 Debtor E. Goods sold for cash.

F. Wages paid for cash

15
SECTION B
Question 4
4.1. - GENERAL LEDGER (7)
You are supplied with information from the books of Nabi Stores for May 2025.
REQUIRED:
4.1 Prepare the following ledger accounts
4.1.1 Trading stock account (4)
4.1.2 Sales account (3)

NOTE: DO NOT CLOSE THE ACCOUNT OFF

INFORMATION:

BALANCES ON 1 MAY 2025

Trading stock R10 500
Sales R5 000

CASH RECEIPTS OF NABI STORES ON MAY 2025

Doc Day Details Bank Sales Cost Debtors
of control
sales
31 39 500 20 000 16 000 19 500

CASH PAYMENTS JOURNAL OF NABI ATORES ON MAY 2025

Doc Day Details Bank Trading Wages
stock
31 39 700 30 700 9 000

DEBTOR’S JOURNAL OF NABI STORES ON MAY 2025

Doc Day Debtor Sales Cost of
sales
31 18 000 14 400
 TRADING STOCK ACCOUNT (4)
2025 2025
May 1 Balance b/d 10 500 May 31 Cost of sales CRJ 16 000

SALES ACCOUNT (3)

4.2. – JOURNALS (CRJ,CPJ & DJ) (16)

You are provided with the information that was extracted from the accounting

records of AMA Traders on April 2025.

Required:

Complete the Cash Receipt Journal, Cash payments journal and Debtors Journal of

AMA Traders for the month of April 2025. The business uses a mark-up of 50% at all

times [16]

TRANSACTIONS:
2 The owner, Sandile Ntuli started the business depositing his capital contribution
into the current bank account of the business, R100 000. Receipts 10.

4 Sold goods on credit to V. Mbiko for R3 000 (cost price R2 000), invoice 50
issued.

8. Bought goods for R72 800 from Warona Traders and paid by EFT25.

18. Goods with a cost price of R4 000 sold on cash. CRT 100 was issued.

25 Paid wages R800,00 by EFT

Issue an invoice to R Samuels for goods sold on credit, R2 100

27. Received an EFT of R3 000 from V. Mbiko in full settlement of his account to
date, issued. receipt no.11

28 Stationery was needed and purchased R1 260 from Ndamse Shop, paid by

EFT.

30. Received R6 200 from M. Baloyi, a tenant, in payment of February rental, receipt
12 was issued to him.
CASH RECIEPTS JOURNAL OF AMA TRADERS ON APRIL 2025 [8]
Doc Day Details Folio Analysis Bank Sales Cost of Debtors Sundry accounts
of sales control Amount Details
receipts

CASH PAYMENT JOURNAL OF AMA TRADERS ON APRIL 2025 [4]

Doc Day Details Folio Bank Trading Wages Sundry account
stock Amount Details
DEBTOR’S JOURNAL OF AMA TRADERS ON APRIL 2025 [4]
Doc Day Debtor Folio Sales Cost of
sales
4.3 –ACCOUNTING EQUATION
4.3.1 Analyse the following transaction of CC Stores by showing account debited,
account credited and effect on accounting equation.

Example: Paid telephone R100 for cash

No Account Account Amount Assets Owner’s Liabilities
debited credited equity
e.g. Bank Telephone 100 - - 0

TRANSACTIONS:
5. Bought new printer for the business for R15 300 from Wise Wisdom Pty, paid
by EFT.
10. Paid for weekly wages, R3 000
(6)
ACCOUNTING EQUATION
No Account Account Amount Assets Owner’s Liabilities
debited credited equity
e.g. Bank Telephone 100 - - 0

5. Equipment Bank

10. - -
4.4 –DEBTORS’ LEDGER (6)
Study the partially completed Debtor’s Ledger and answer the questions that follows:
Jabu Zulu
Date Details Fol. Debit Credit Balance

2024 01 Account rendered 2 400

May
4 Invoice 31 DJ (A) 3 900
9 Receipt (B) 1 000 2 900
22 …….(C) 32 DJ 800 (D)

4.4.1 Calculate the amount of A. (2)

4.4.2 Complete the folio reference for B. (1)
4.4.3 Complete the source document for C. (1)
4.4.4 Jabu Zulu bought more Trading stock on credit for R800, issued invoice 32.
Calculate the new balance at D. Write only the new balance.
(2)

4.4.1

4.4.2

4.4.3

4.4.4

35

GRAND TOTAL: 50 MARKS