ECONOMIC AND MANAGEMENT SCIENCES PAPER 1
SECTION B
QUESTION 2
[35]
JUNE 2024
CASH RECEIPT JOURNAL, CASH PAYMENT JOURNAL AND DEBTORS JOURNAL
2.1. Complete the subsidiary journals of THANODI BUSINESS. It is a business that sells
different
kinds of books and stationeries. Below are the transactions for the month of April
2024
2.1.1. Cash Receipts Joumal with columns for: Bank; Sales; Cost of Sales; Debtors Control and
Sundry Account.
[8]
2.1.2. Cash Payment Journal with columns for: Bank; trading stock; Stationery;
and Sundry Account.
[7]
E
2.1.3. Debtors Journal with columns for Sales; Cost of Sales
O Round off to the nearest Rand
[6]
NB: Do not close the Journals off at the end of the month. The
business uses a mark-up of 44%
TRANSACTIONS FOR APRIL 2024
2. The ownerThanodi made a direct into the business account as her investment of R190920
4. Credit Sales to Rose Mary with a cost price amounted to R38 450. Credit invoice no 2.
8. Bought goods for R72 800 from KCS Traders and paid by ETF.
10. Stationery was needed and purchased R12 670 from Alive Shop, paid by EFT.
14. Sold goods for cash R56 960
18. Sold goods on account with a selling price of R13 530 to Rethabile Khasu. Credit invoice
no B5.
22. Received EFT payment from a debtor by name Rose Mary all the amount owing to date.
25. Made EFT payment of R98 410 to Faith Blessed Traders. R34 630 was for new photocopier
machine and the remainder was for merchandise.
27. Received rent from one of the tenant, Rebecca of R1 600 for the month. Receipt no F6
issued.
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Please turnover
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