GRADE 8 EMS JUNE EXAM

ANSWER SHEETS NAME:

Memorandum 8

GRADE:
EDUCATOR:

LEARNERS MARK: QUESTION 1 2 3 4 Exam Result Converted to Percentage Symbol MARK /43 /30 /37 /40 /150 /300 %

Question 1: CASH RECEIPTS JOURNAL OF COLOURS CLEANERS FOR MARCH 2011 (CRJ 5)
Doc No Day Details P. Colours Services Rendered Services Rendered P. Colours Services Rendered Fol Analysis of receipts 7501841365Bank 100 000 75018410 000 1365112 299Current Income 75018410 000 13652299110 000 Capital Sundry Accounts Amount 100 000 Details Capital

R001 1 R002 5 R003 8 R004 15 R005

-1

Wages -1

16 CASH PAYMENTS JOURNAL OF COLOURS CLEANERS FOR MARCH 2011 (CPJ 5)

Doc No Da y Details City Council Runny Traders Pink Stores Cash Green Stationers Cash Telkom Cash Pong Traders
Wages -1

Fol

Bank 130750035022585-

Material Costs

Stationery

Wages

Sundry accounts Details Trading licence Equipment Amount 1307500-

C001 2 C002 C003 4 C004 7 C005 11 C006 14 C007 17 C008 22 C009 23

-1

35022585225- 3=all correct

Tick + half= if same as above

Wages -1

Wages -1

225275240300933022057080165-

Telephone Drawings Postage 240690-

15010025-

7905-

27

[43]

Question 2: DR GENERAL LEDGER OF WINNIE POOH SERVICES BALANCE SHEET SECTION CAPITAL B1
2011 Aug -1

CR

Bank
Line + total in pencil

CRJ CRJ

72 000 59 400 131 400 (4)

27 Bank

DRAWINGS
2011 Aug

B2

Bank

CPJ CPJ

240 142 382 pencil

14 Bank

(3)

VEHICLES
2011 Aug

11 Bank

CPJ

50 000 50 000 42 000 -

B4 2011 21 Bank
Aug

CRJ c/d

8000 42 000 50 000 (5)

31 Balance
2011 Sept

Balance

b/d

EQUIPMENT
2011 Aug

B5 (1)

31 Bank

CPJ

7000 -

BANK
2011 Aug

B6
2011 Aug

31 Total Receipts

CRJ

100 000 100 000 18 307 -

31 Total Payments Balance

CPJ c/d

81 693 18 307 100 000 (7)

2011 Sept

Balance

b/d

NOMINAL ACCOUNT SECTION CURRENT INCOME N1

2011 Aug

31 Bank N2

CRJ

6350 (1)

STATIONERY
2011 Aug

Bank

CPJ CPJ

333 467 800 pencil

29 Bank

(3)

VEHICLE EXPENSES
2011 Aug

N7 (2)

31 Bank

CPJ

5200 -

RENT INCOME
2011 Aug

N12 Bank

CRJ CRJ
pencil

2650 3800 6450 (3) [30]

31 Bank

Question 3: EFFECT ON ACCOUNTING EQUATION ASSETS OWNERS EQUITY EFFECT REASON EFFECT REASON - 15 000 BANK DECREASES + 15 000 VEHICLES INCREASES
+14 000 +7500 -130 +130 -110 +15 000 -15 000 -315 +590 Bank increases Bank increases Bank decreases Cash float increases Bank decreases Bank increases Vehicles decrease Bank decreases Bank increases +14 000 +7500 -110 -315 +590 Capital increases Income earned Drawings Telephone = expense Rent income = Income

NO EG.
3.1 3.2 3.3 3.4 3.5 3.6 3.7

JOURNAL CPJ
CRJ CRJ CPJ CPJ CRJ CPJ CRJ

[37]

Question 4: 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 True True True True True
1. 2. 3. 4.

False False False False False

(5)

4.2

Land + Natural resources eg. Agriculture + Forestry etc -- Rent Labour eg. Skilled vs. unskilled Wages + Salary (Plumbers etc) Capital eg. Money + fixed assets Interest (Machinery etc) Entrepreneurship eg. Own business Profit (eg. Raymond Ackerman etc) (12)

4.3.1 No - he did not plan properly

- bought second hand assets - no work experience (3)

4.3.2 - better location

- skilled workers - advertise - new crockery + cutlery No

- employ more workers

any (3) (1)

4.3.3

4.4.1 Reconstruction and Development Programme

(1)

4.4.2 Government of RSA

- mobilise all countrys people and resources - to build a democratic future Why? - to alleviate poverty + focus on undeveloped regions of the country (3)

4.4.3 - poverty
- unemployment - housing - education - building the economy / provide water + electricity to all - democratic country / upgrade + insert sanitation services Any (4)

4.4.4 - investing in new businesses

- exports to other countries - caring for natural resources - health care - employment for all

- housing and basic needs for all - investments

Any

(4)

4.4.5 - population
- capital

- technology - natural resources Any (2) (2)

4.4.6 Poverty increases due to reduced production thus no jobs or job creation.