Chapter 1: Important Accounting Concepts

Activity 1:
1 Who is known as the “Father” of Accounting”? ___Luca Pacioli.___

2 What does the double entry principle mean? __It means that for each debit entry there

will be an equal credit entry and for each credit entry there wil be an equal debit entry.___
3 Give the correct name for each of the following in the space provided:

a b c d e f Month Day Details Fol Rand-value c

… (g)-side Credit-side

A ___Month___

B ___Day___

c ___Details___

d ___Folio___

e ___Rand-value___

f ___Cents___

g ___Debit side___

Activity 2:
Use the following table and complete the missing information:
Classification of the account, it is
owner’s equity, non-current
Account Definition/description asset/current asset, non-current
liability/current liability, income or
expense

EXAMPLE:
Equipment Used to produce goods in a Non-current assets
manufacturing business

Fuel Petrol or diesel for vehicles Expense

Trading inventory Goods bought by the business to be sold at Current asset
a profit
Loan: Name of the A loan (money) received by the business.
bank, eg. Loan: Long term – payable over a period more Non-current liability
than one year.
ABSA
Short term – payable over a period less
Current liability
than one year.

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Wages Paid weekly or bi-weekly to workers for Expense
the work done by them
Mortgage Loan A long term loan for the purchase of Land Non-current liability
and Buildings

Water and A cost (expense) paid to the municipality Expense

Electricity for the use of water and electricity

Petty cash When the business must pay a small Current asset
amount (eg batteries or stationery) and it
is not worth the cost to write a cheque or
do a EFT
Vehicles Give FIVE examples of different kinds of Non-current asset
vehicles that can be used in a business:
a Busses
b Pick-ups
c Passenger vehicles
d Trucks
e Motorbikes
Current Income Income for services rendered Income
Insurance Monthly payment (premium) to insure Expense
(cover/protect) assets against theft and
damage

Float Cash (change) in the cash register Current asset

Debtors Clients that buy on credit from the business Current asset
(on account) . They owe the business money.
Drawings The owner takes cash from the business or Owner’s equity
something else (like trading inventory) for
personal use
Sales Trading inventory sold for cash or on Income
credit
Bank overdraft The business spends (make more Current liability
payments) as the money available in the
bank account
Banking fees Service fees paid to the bank for banking Expense

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 services rendered to the business
Creditor’s control Money owed to suppliers for goods Current liability
bought or services rendered to the
business on credit (on account)
Interest on When the business’s bank account is in Expense
overdraft overdraft, the business has to pay interest
on the overdraft (money owed to the
bank)
Fixed deposit An investment made by the business Non-current asset
(normally with a bank) for a fixed period
Interest on Fixed Interest on Fixed deposit (investment) Income
deposit
Interest on loan Interest paid on loan – interest on the Expense
amount of money borrowed
Rent income Income received for rental of a building or Income
part of a building
Rent expense Payment of the rent for the office or shop Expense
Bank Money in the business’s bank account Current asset
Wages Weekly or bi-weekly payments to Expense
employees for their work
Consumables Products used in the business to render a Expense
service, eg. champoo in a hair salon or
cleaning materials

Activity 3

1 What is the difference between debtors en creditors?

Debtors buy from the business on credit/account and therefor owe the business money.
Creditors are people or other enterprises to whom the business owe money because goods or services
were bought on credit/account.

2 Name four accounts classified as non-current assets.

Land and Buildings
Vehicles
Equipment
Fixed deposit

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3 What is the difference between capital en drawings?
Both are Owner’s equity accounts. Capital is the account that is used when the owner transfer
money or something else (eg a computer) to the business… that way he/she increases the
investment in the business.
Drawings is the account used when the owner withdraw money or something else (eg trading
inventory) for personal use.

4 Name THREE current assets and give a short description of each.

(a) Trading inventory: Goods bought by the business to be sold at a profit.
(b) Petty cash: Cash held by the business for smaller payments (eg batteries, some stationery or
refreshments).
(c) Float: Cash placed in the cash register as change.

5 What is the difference between salaries and wages?

Both are paid to employees as payment/compensation for their services (work) rendered..
Wages are paid weekly or bi-weekly and salaries are paid monthly.

6 Name FOUR kinds of income.

Current Income Sales
Rent Income Interest Income
Commission Income Donations received

7 Name SIX kinds of expenses.

Advertising Fuel
Banking fees Water and Electricity
Telephone Stationery
Packaging Insurance

8 Name FOUR people / groups interested in the financial statements of the business.
Owner Prospective investors
Creditors South African Revenue Services

9 Explain the double entry principle.

For each debit there should be an equivalent credit en vice versa. In other words for each credit
there should be an equivalent debit.

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 Chapter 2: The Accounting Equation

Activity 4
Classify the accounts as one of the following: Owner’s equity, Non-current asset, Current asset, Non-
current liability or Current liability, Income of Expense.
Account name Classification
Bank CURRENT ASSET
Banking fees EXPENSE
Fuel EXPENSE
Debtor’s control CURRENT ASSET
Donations made EXPENSE
Donations received INCOME
Land and Buildings NON-CURRENT ASSET
Trading inventory CURRENT ASSET
Repairs and maintenance EXPENSE
Rent income INCOME
Rent expense EXPENSE
Capital OWNER’S EQUITY
Petty cash CURRENT ASSET
Short term loan CURRENT LIABILITY
Creditor’s control CURRENT LIABILITY
Wages EXPENSE
Current Income from services rendered INCOME
Drawings OWNER’S EQUITY
Bank overdraft CURRENT LIABILITY
Postage EXPENSE
Interest on current bank account INCOME
Interest on overdraft EXPENSE
Interest on Fixed deposit INCOME
Stationery EXPENSE
Savings account CURRENT ASSET
Telephone EXPENSE
Equipment NON-CURRENT ASSET

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 Fixed deposit NON-CURRENT ASSET
Mortgage loan NON-CURRENT LIABILITY
Consumables EXPENSE
Packaging EXPENSE
Insurance EXPENSE
Vehicles NON-CURRENT ASSET
Water and electricity EXPENSE
Float (Change) CURRENT ASSET

Activity 5
Assets Owner’s equity Liabilities
Nr Amount Reason Amount Reason Amount Reason
1 +125 000 BANK ↑ +125 000 CAPITAL ↑
2 - 65 000 BANK ↓
+65 000 BANK ↑
3 - 9 600 BANK ↓
+9 600 EQUIPMENT ↑
4 - 13 450 BANK ↑
+13 450 EQUIPMENT ↑
5 - 2 800 BANK ↓ - 2 800 EXPENSES/WAGES ↑
6 - 4 600 BANK ↓ - 8 146 EXPENSES/INSURANCE ↑
7 +8 146 BANK ↑ +8 146 CURRENT INCOME ↑
8 - 1 800 BANK ↓ - 1 800 DRAWINGS ↑
9 - 1 580 BANK ↓ - 1 580 STATIONERY ↑
10 +1 800 BANK ↑ +1 800 RENT INCOME ↑

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Activity 6
Assets Owner’s equity Liabilities
Nr Amount Reason Amount Reason Amount Reason
1 +580 000 BANK ↑ +580 000 CAPITAL ↑
2 - 4 220 BANK ↓ - 4 220 RENT EXPENSE ↑
3 - 92 800 BANK ↓
+92 800 VEHICLES ↑
4 - 950 BANK ↓ - 950 TELEPHONE ↑
5 - 210 000 BANK ↓
+210 000 MACHINERY /
EQUIPMENT ↑
6 - 12 000 BANK ↓ - 12 000 CONSUMABLES ↑
7 - 2 190 BANK ↓ - 2 190 W AND ELEC ↑
8 + 6 150 BANK ↑ +6 150 CURRENT INCOME ↑
9 - 4 000 BANK ↓ - 4 000 WAGES ↑
10 - 4 260 BANK ↓ - 4 260 SALARIES ↑
11 +9 215 BANK ↑ +9 215 CURRENT INCOME ↑

Activity 7
Assets Owner’s equity Liabilities
Nr Amount Reason Amount Reason Amount Reason
1 +300 000 BANK ↑ +300 000 CAPITAL ↑
2 - 6 100 BANK ↓ - 6 100 RENT EXPENSE ↑
3 - 60 000 BANK ↓
+60 000 EQUIPMENT ↑
4 - 600 BANK ↓ - 600 STATIONERY ↑
5 - 16 200 BANK ↓ - 16 200 MATERIAL COSTS ↑
6 - 8 600 BANK ↓
+8 600 EQUIPMENT ↑
7 +9 100 BANK ↑ +9 100 CURRENT INCOME ↑
8 - 1 200 BANK ↓ - 1 200 TELEPHONE ↑
9 - 3 780 BANK ↓ - 3 780 W AND ELEC ↑
10 - 4 000 BANK ↓ - 4 000 WAGES ↑
11 +7 100 BANK ↑ +7 100 CURRENT INCOME ↑
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12 - 3 100 BANK ↓ - 3 100 INSURANCE ↑
13 - 815 BANK ↓ - 815 CONSUMABLES↑

Total income Total Expenses Income – expenses = nett profit /loss

9 100 6 100
7 100 600
16 200 – 35 795 = -19 595
16 200 16 1615
1 200 Loss
3 780
4 000
3 100
815
16 200 35 795

Activity 8
Assets Owner’s equity Liabilities
Nr Amount Reason Amount Reason Amount Reason
2 - 55 500 BANK ↓
+55 500 EQUIPMENT ↑
3 - 180 000 BANK ↓
+180 000 VEHICLES ↑
4 +25 000 BANK ↑ +25 000 CURRENT INCOME ↑
5 - 2 000 BANK ↓ - 2 000 WAGES ↑
6 +50 000 BANK ↑ +50 000 CAPITAL ↑
7 - 2 900 BANK ↓ - 950 STATIONERY ↑
+1 950 EQUIPMENT ↑
8 - 550 BANK ↓ - 550 FUEL ↑
9 - 2 200 BANK ↓ - 2 200 WAGES ↑
10 +30 125 BANK ↑ +30 125 CURRENT INCOME ↑

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Total income Total Expenses Income - expenses = nett profit
25 000 2 000
30 125 950
55 125 – 5 700 = 49 425
550
2 200 Profit

55 125 5 700

Activity 9
Assets Owner’s equity Liabilities
Nr Amount Reason Amount Reason Amount Reason
1 +100 000 BANK ↑ +100 000 CAPITAL ↑
2 - 15 900 BANK ↓ - 15 900 MATERIAL COSTS ↑
3 - 46 000 BANK ↓
+46 000 EQUIPMENT ↑
4 +10 000 BANK ↑ +10 000 LOAN:
Barclays ↑
5 - 9 600 BANK ↓ - 9 600 RENT EXPENSES ↑
6 - 1 710 BANK ↓ - 1 710 STATIONERY ↑
7 - 12 000 BANK ↓
+12 000 EQUIPMENT ↑
8 - 1 900 BANK ↓
+1 900 DEPOSIT:
Water and
electricity ↑
10 - 125 DRAWINGS ↑
MATERIAL COSTS ↓
+125
11 +19 200 BANK ↑ +19 200 CURRENT INCOME ↑
12 - 8 110 BANK ↓ - 8 110 WAGES ↑
13 - 1 555 BANK ↓ - 1 555 W AND ELEC ↑
14 - 10 000 BANK ↓ - 10 000 DRAWINGS ↑

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Total income Total Expenses
19 200 15 900 Income - Expenses = Nett Profit/Loss
9 600
1 710 19 200 – 36 875 = -17 675
8 110
Loss
1 555
19 200 36 875

Activity 10

Assets Owner’s equity Liabilities

Nr Amount Reason Amount Reason Amount Reason
1 +40 000 BANK ↑ +40 000 CAPITAL ↑
2 +50 000 BANK ↑ +50 000 LOAN: FNB↑
3 - 3 600 BANK ↓ - 3 600 WAGES ↑
4 - 5 000 BANK ↓ - 5 000 DRAWINGS ↑

5 - 9 000 BANK ↓ - 9 000 RENT EXPENSE ↑

6 - 1 900 STATIONERY ↑ +1 900 CREDITORS

CONTROL ↑

7 +5 910 BANK ↑ +5 910 CURRENT INCOME ↑

8 - 910 BANK ↓ - 910 INTEREST ON LOAN ↑

9 +19 195 BANK ↑ +19 195 CURRENT INCOME ↑

10 - 1 900 BANK ↓ - 1 900 CREDITORS

CONTROL ↓

11 +2 600 BANK ↑ +2 600 RENT INCOME ↑

12 +1 390 BANK ↑ +1 390 CURRENT INCOME ↑

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 Income – Expenses = Nett profit/Loss
Total income Total Expenses
5 910 3 600
19 195 9 000 29 095 – 15 410 = 13 685
2 600 1 900 Profit
1 390 910
29 095 15 410

Activity 11

1 F
2 I
3 A
4 B
5 G
6 O
7 L
8 F
9 Q
10 M
11 R
12 T
13 S
14 J
15 H
16 K

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 Chapter 3: Transactions and source documents

Activity 12
Explain the following terms in your own words.
Terms Explanation
Current bank account The current bank account (cheque account) is the account by the bank
in the name of the business wherein the business receives cash on a
daily basis and from which payments are made on a daily basis.
Receipt This is the source document given as proof of cash received. The
duplicate is used by the bookkeeper to record the transaction in the
Cash Receipt Journal.
Cash register roll This is the source document used to keep record of cash sales and
services rendered for cash.
Deposit slip The Deposit slip is completed when cash received is deposited in the
business’s current account at the bank.
Overdraft When the business do not have enough funds in it’s bank account to
make all necessary payments, the business can apply for an overdraft
facility from the bank. Payments can then be made from funds made
available by the bank. The business then owes the bank. It is a
current liability.
Cheque counterfoil The business uses cheques to make payments. The cheque counterfoil
with detail of the payment is the source document that is used to
record the payment in the Cash Payments Journal.
Banking fees This is the cost for the business to have a current account. Examples
of fees charged by the bank are: Administrative fees, deposit fees and
cost of cheques ect. Interest on the bank overdraft is NOT banking
fees and is shown separately of banking fees.
Electronic funds transfer (EFT) Electronic funds transfer: When payments are done electronically (via
internet) or cash is received electronically.

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 Chapter 4: General Ledger

Activity 13

General Ledger of Connie Modiste

Balance sheet section

Capital B1
Details / Contra-
Month Day account Fol Rand c Month Day Details / Contra-account Fol Rand C
Feb 1 Bank 60 000 00

Bank B2
Feb 1 Capital 60 000 00 FFeb 2 Rent expense 1 230 00
12 Current income 3 110 00 Equipment 25 600 00
19 Current income 7 146 00 4 Telephone 920 00
8 Water and electricity 1 256 00
Wages 1 600 00
13 Consumables 525 00
23 Wages 1 800 00
25 Salaries 8 900 00
28 Balance c/f 28 425 00
70 256 00 70 256 00
Mch 1 Balance b/d 28 425 00

Equipment B3
Details / Contra-
Month Day account Fol Rand C Month Day Details / Contra-account Fol Rand c
Feb 2 Bank 25 600 00
Nominal section
Rent Expense N1
Feb 2 Bank 1 230 00

Telephone N2
Feb 4 Bank 920 00

Water and electricity N3

Feb 8 Bank 1 256 00

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 Wages N4
Feb 8 Bank 1 600 00
23 Bank 1 800 00
3 400 00

Current Income N5
Feb 12 Bank 3 110 00
19 Bank 7 146 00
10 256 00
Consumables N6
Feb 13 Bank 525 00

Salaries N7
Feb 25 Bank 8 900 00

Activity 14

General Ledger of Sorbet Hair Salon

Balance sheet section

Capital B1
Details / Contra-
Month Day account Fol Rand C Month Day Details / Contra-account Fol Rand c
Mch 1 Bank 300 000 00
Bank B2
Mch 1 Capital 300 000 00 Mch 2 Rent expense 6 100 00
15 Current income 9 100 00 4 Equipment 60 000 00
21 Current income 7 100 00 Stationery 600 00
4 Consumables 16 200 00
11 Equipment 8 600 00
19 Telephone 1 200 00
Water and electricity 3 780 00
25 Salaries 14 900 00
31 Balance c/f 204 820 00
316 200 00 316 200 00
Apr 1 Balance b/d 204 820 00

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 Equipment B3
Details / Contra-
Month Day account Fol Rand C Month Day Details / Contra-account Fol Rand c
Mch 4 Bank 60 000 00
11 Bank 8 600 00
68 600 00
Nominal section
Rent Expense N1
Mch 2 Bank 6 100 00

Stationery N2
Mch 4 Bank 600 00

Water and electricity N3

Mch 19 Bank 3 780 00

Current Income N4
Mch 15 Bank 9 100 00
21 Bank 7 100 00
16 200 00
Telephone N5
Mch 19 Bank 1 200 00

Consumables N6
Mch 6 Bank 16 200 00

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Activity 15

General Ledger of Urban Fitness

Balance sheet section

Capital B1
Details / Contra-
Month Day account Fol Rand C Month Day Details / Contra-account Fol Rand C
Feb 1 Bank 1 000 000 00
19 Bank 200 000 00
1 200 000 00
Bank B2
Feb 1 Capital 1 000 000 00 Feb 4 Equipment 800 000 00
6 Current income 112 500 00 Rent expense 35 000 00
19 Current income 10 120 00 10 Wages 3 000 00
19 Capital 200 000 00 12 Equipment 19 000 00
15 Drawings 6 000 00
16 Water and electricity 2 300 00
21 Telephone 1 890 00
23 Stationery 610 00
25 Wages 3 000 00
28 Balance c/f 451 820 00
1 322 620 00 1 322 620 00
Mch 1 Balance b/d 451 820 00

Equipment B3
Details / Contra-
Month Day account Fol Rand C Month Day Details / Contra-account Fol Rand C
Feb 4 Bank 800 000 00
12 Bank 19 000 00
819 000 00
Drawings B4
Feb 15 Bank 6 000 00

Nominal section
Rent Expense N1
Feb 4 Bank 35 000 00

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 Current Income N2
Feb 6 Bank 112 500 00
19 Bank 10 120 00
122 620 00
Wages N3
Mch 10 Bank 3 000 00
25 Bank 3 000 00
6 000 00
Water and electricity N4
Mch 16 Bank 2 300 00

Telephone N5
Mch 21 Bank 1 890 00

Stationery N6
Mch 23 Bank 610 00

Total of all Total of all

amounts on the amount on the
debit side credit side

= =

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Activity 16
Nr General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
1 Bank Capital +100 000 +100 000
2 Rent expense Bank - 4 500 - 4 500
3 Wages Bank - 4 000 - 4 000
4 Equipment Bank +9 000
- 9 000
5 Bank Current income +5 200 +5 200
6 Equipment Bank +9 400
- 9 400
7 Drawings Bank - 1 600 - 1 600
8 Float Bank - 600
+600
9 Bank Rent income +900 +900
10 Consumables Bank - 840 - 840
11 Bank Capital +50 000 +50 000
12 Salaries Bank - 12 400 - 12 400
13 Bank Loan: Absa +80 000 +80 000

Activity 17
Nr General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
1 Bank Capital +250 000 +250 000
2 Equipment Bank - 19 000
+19 000
3 Wages Bank - 3 000 - 3 000
Float Bank - 5 000
+5 000
4 Bank Current income +15 200 +15 200
5 Bank Capital +600 000 +600 000
6 Rent expense Bank - 6 250 - 6 250
7 Wages Bank - 3 300 - 3 300
8 Vehicles Loan: FNB +50 000 +50 000
9 Packaging Bank - 2 100 - 2 100
10 Drawings Bank - 650 - 650
11 Refreshments Bank - -
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 Chapter 5: Susidiary journals and General Ledger

Activity 18

Cash Receipts Journal of Betsie’s Aftercare Centre - February 2016 CRJ

Sundry

Analysis of Current
Doc D Details Fol receipts Bank Income Amount Fol Details
001 01 Betsie Bell 1 780 000 00 1 780 000 00 1 780 000 00 Capital
B/S 06 Nedbank 300 000 00 300 000 00 Mortgage loan: Nedbank
CRR Services rendered 12 000 00 12 000 00 12 000 00
CRR 15 Services rendered 9 800 00 9 800 00 9 800 00
CRR 21 Services rendered 10 300 00 10 300 00
002 Sandra Ramage 3 000 00 13 300 00 3 000 00 Rent income
CRR 28 Services rendered 7 800 00 7 800 00 7 800 00
2 122 900 00 39 900 00 2 083 000 00

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Activity 19

Cash Receipts Journal of Rita’s Salon – February 2016 CRJ

Sundry

Analysis of
Doc D Details Fol receipts Bank Current Income Amount Fol Details
001 1 Rita Viljoen 250 000 00 250 000 00 250 000 00 Capital
CRR 8 Services rendered 7 813 00 7 813 00 7 813 00
CRR 16 Services rendered 5 316 00 5 316 00 5 316 00
002 25 Rita Viljoen 100 000 00 100 000 00 Capital
CRR Services rendered 8 110 00 108 110 00 8 110 00
003 26 Max Marais 8 000 00 8 000 00 8 000 00 Rent income
CRR 28 Services rendered 15 230 00 15 230 00 15 230 00
394 469 00 36 469 00 358 000 00

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Activity 20

Cash Receipts Journal of Bruto Herstellers – January 2016 CRJ

Sundry

Analysis of Current
Doc D Details Fol receipts Bank Income Amount Fol Details
B/S 1 T. Bruto 105 000 00 105 000 00 Capital
001 7 Jaco Crock 4 252 00 4 252 00 4 252 00
002 14 Minaars Inc 3 120 00 3 120 00 3 120 00 Commission-income
003 19 Elfie Green 2 169 00 2 169 00 2 169 00
B/S T. Bruto 45 000 00 45 000 00 Capital
B/S 25 Tin Man 9 800 00 9 800 00
169 341 00 16 221 00 153 120 00

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Activity 21

Cash Receipts Journal of Hi Flyers Garden Services – April 2016 CRJ

Sundry

Analysis of Current
Doc D Details Fol receipts Bank Income Amount Fol Details
105 5 Freddie Flyer 150 000 00 150 000 00 150 000 00 Capital
CRR 11 Services rendered 8 475 00 8 475 00 8 475 00
106 20 Freddie Flyer 50 000 00 50 000 00 Capital
CRR Services rendered 12 235 00 62 235 00 12 235 00
B/S 25 Gunter Simon 15 000 00 15 000 00 Rent income
CRR 28 Services rendered 11 985 00 11 985 00 11 985 00
B/S ABSA 55 00 55 00 Interest on current account
247 750 00 32 695 00 215 055 00

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Activity 22

Cash Receipts Journal of Boma Plants – September 2016 CRJ

Sundry

Analysis of Current
Doc D Details Fol receipts Bank Income Amount Fol Details
685 1 Fabulous Plants 7 582 00 7 582 00 7 582 00 Commission-income
B/S 6 FNB 35 120 00 35 000 00 Fixed deposit: FNB
120 00 Interest on Fixed deposit
686 Joe Soap 6 950 00 6 950 00 6 950 00
687 19 Gary Hitsy 20 000 00 20 000 00 Capital
CRR Services rendered 8 350 00 28 350 00 8 350 00
B/S 21 Trix Thompson 12 000 00 12 000 00 Rent income
90 002 00 15 300 00 74 702 00

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Activity 23

General Ledger of Betsie’s Aftercare Centre

Balance sheet section
Capital B1
2016
Feb 1 Bank CRJ 1 780 000 00

Bank B2
2016
Feb 28 Total receipts CRJ 2 122 900 00

Mortgage Loan B3
2016
Feb 6 Bank CRJ 300 000 00

Nominal section
Current Income N1
2016
Feb 28 Bank CRJ 31 080 00

Rent income N2
2016
Feb 21 Bank CRJ 3 000 00

Analyze the transactions in activity 21 according to the Accounting Equation:

Nr General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
1 Bank Capital +1 780 000 +1 780 000
6 Bank Mortgage Loan: Nedbank +300 000 +300 000
Bank Current income +12 000 +12 000
15 Bank Current income +9 800 +9 800
21 Bank Current income +10 300 +10 300
Bank Rent income +3 000 +3 000
28 Bank Current income +7 800 +7 800

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Activity 24

General Ledger of Rita’s Salon

Balance sheet section
Capital B1
2016
Feb 1 Bank CRJ 250 000 00

Bank B2
2016
Feb 28 Total receipts CRJ 294 559 00

Nominal section
Current Income N1
2016
Feb 28 Bank CRJ 36 559 00

Rent income N2
2016
Feb 28 Bank CRJ 8 000 00

Activity 25

General Ledger of Bruto Herstellers (Repairers)

Balance sheet section

Capital B1
2016
Jan 1 Bank CRJ 105 000 00
19 Bank CRJ 45 000 00
Bank B2
2016
Jan 31 Total receipts CRJ 169 341 00

Nominal section
Current income N1
2016
Jan 31 Bank CRJ 16 221 00

Commission income N2
2016
Jan 14 Bank CRJ 3 120 00
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Activity 26

General Ledger of Hi Flyer Garden Services

Balance sheet section
Capital B1
2016
Apr 5 Bank CRJ 150 000 00
20 Bank CRJ 50 000 00
200 000 00
Bank B2
2016
Apr 30 Total receipts CRJ 247 750 00

Nominal section
Current Income N1
2016
Apr 30 Bank CRJ 32 695 00

Rent income N2
2016
Apr 25 Bank CRJ 15 000 00

Interest on current account N3

2016
Apr 28 Bank CRJ 55 00

Analyze the transactions of activity 22 according to the Accounting Equation:

Nr General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
5 Bank Capital +150 000 +150 000
11 Bank Current income +8 475 +8 475
20 Bank Current income +12 235 +12 235
25 Bank Rent income +15 000 +15 000
28 Bank Current income +11 985 +11 985
Bank Interest on current
+55 +55
account

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Activity 27

General Ledger of Boma Plants

Balance sheet section
Capital B1
2016
Sept 1 Balance b/d 140 000 00

19 Bank CRJ 20 000 00

160 000 00
Fixed deposit: FNB B2
2016 2016
Sept 1 Balance b/d 35 000 00 Sept 6 Bank CRJ 35 000 00

Bank B3
2016
Sept 30 Total receipts CRJ 90 002 00

Nominal section
Current income N1
2016
Sept 30 Bank CRJ 15 300 00

Commission income N2
2016
Sept 1 Bank CRJ 7 582 00

Rent income N3
2016
Sept 21 Bank CRJ 12 000 00

Interest on Fixed deposit N4

2016
Sept 6 Bank CRJ 120 00

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Activity 28

Cash Receipts Journal of Bakkie Winkels – May 2016

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
001 01 Ben Bakkie 150 000 00 150 000 00 Capital
CRR 04 Services rendered 4 000 00 4 000 00
002 Belinda Burger 800 00 4 800 00 800 00 Rent income
CRR 10 Services rendered 6 200 00 6 200 00 6 200 00
B/S 15 Ben Bakkie 20 000 00 20 000 00 Capital
B/S Services rendered 9 800 00 9 800 00
B/S 25 Services rendered 1 500 00 1 500 00
B/S 28 Absa 110 00 110 00 Interest on current account
192 410 00 21 500 00 170 910 00

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General Ledger of Bakkie Winkels
Balance sheet section

Capital B1
2016
May 1 Bank CRJ 150 000 00

15 Bank CRJ 20 000 00

Bank B2
2016
May 31 Total receipts CRJ 192 410 00

Nominal section
Current income N1
2016
May 30 Bank CRJ 21 500 00

Rent income N2
2016
May 4 Bank CRJ 800 00

Interest on current account N3

2016
May 28 Bank CRJ 110 00

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Activity 29

Cash Payments Journal of Betsie’s Aftercare Centre – February 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Wages Consumables Amount Fol Details
001 01 Attorney -Cash 1 350 000 00 1 350 000 00 B3 Land and Buildings
002 12 Makro 80 000 00 80 000 00 B4 Equipment
003 17 Pick ‘n Pay 910 00 910 00
004 Cash 3 600 00 3 600 00
B/S 24 Caxton Paper 1 600 00 1 600 00 N4 Advertising
005 CNA 630 00 630 00 N5 Stationery
006 Cash 3 960 00 3 960 00
B/S 29 Mutual & Federal 1 800 00 1 800 00 N6 Insurance
1 442 500 00 7 560 00 910 00 1 434 030 00
B5 N2 N3

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General Ledger of Betsie’s Aftercare Centre
Balance sheet section
Land and Buildings B3
2016
Feb 1 Bank CPJ 1 350 000 00

Equipment B4
2016
Feb 12 Bank CPJ 80 000 00

Bank B5
2016
Feb 29 Total Payments CPJ 1 442 500 00

Nominal section
Wages N2
2016
Feb 29 Bank CPJ 7 560 00

Consumables N3
2016
Feb 29 Bank CPJ 910 00

Advertising N4
2016
Feb 24 Bank CPJ 1 600 00

Stationery N5
2016
Feb 24 Bank CPJ 630 00

Insurance N6
2016
Feb 29 Bank CPJ 1 800 00

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Activity 30

Cash Payments Journal of Rita’s Salon – February 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Wages Consumables Amount Fol Details
B/S 01 Dwayne Smith 6 525 00 6 525 00 N4 Rent expense
001 03 Honda Motors 125 000 00 125 000 00 B3 Vehicles
002 Makro Traders 59 200 00 59 200 00 B4 Equipment
003 07 Cash 3 700 00 3 200 00 500 00 B6 Float
004 08 L’Oreal Suppliers 9 160 00 9 160 00
B/S 21 Municipality 3 160 00 3 160 00 N5 Water and electricity
005 23 Globe Ltd 4 950 00 4 950 00 N6 Advertising
006 Rita Viljoen 8 000 00 8 000 00 B2 Drawings
219 695 00 3 200 00 9 160 00 207 335 00
B4 N2 N3

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General Ledger of Rita’s Salon
Balance sheet section
Drawings B2
2016
Feb 23 Bank CPJ 8 000 00

Vehicles B3
2016
Feb 3 Bank CPJ 125 000 00
Equipment B4
2016
Feb 3 Bank CPJ 59 200 00
Bank B5
2016
Feb 29 Total Payments CPJ 219 695 00
Float B6
2016
Feb 7 Bank CPJ 500 00

Nominal section
Wages N2
2016
Feb 29 Bank CPJ 3 200 00

Consumables N3
2016
Feb 29 Bank CPJ 9 160 00

Rent expense N4
2016
Feb 1 Bank CPJ 6 525 00

Water and electricity N5

2016
Feb 21 Bank CPJ 3 160 00

Advertising N6
2016
Feb 12 Bank CPJ 4 950 00

- 33 -
 Activity 31

Cash Receipts Journal of Jakkals Plumbers – February 2016 CRJ 1

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
B/S 1 Dave Jakkals 500 000 00 500 000 00 Capital
01 12 Tina Zack 11 250 00 11 250 00 11 250 00
02 14 Sam Jolie 11 390 00 11 390 00 11 390 00
B/S 19 Zola Budd 5 110 00 5 110 00
03 24 Sally Peters 4 318 00 4 318 00 4 318 00
532 068 00 32 068 00 500 000 00

34
Cash Payments Journal of Jakkals Plumbers - February 2016 CPJ 1

Sundry

Doc D Name of beneficiary Fol Bank Wages Material cost Amount Fol Details
B/S 2 Muller Properties 3 600 00 3 600 00 Rent expense
001 3 Ford Motors 125 600 00 125 600 00 Vehicles
B/S 4 Ekhuruleni Municipality 1 600 00 1 600 00 Water and electricity
002 Dion Wired 7 200 00 7 200 00 Equipment
003 Waltons 960 00 960 00 Stationery
004 6 Mega Mica 6 100 00 6 100 00
005 Pick ‘n Pay 1 300 00 1 300 00 Consumables
006 Cash 3 100 00 3 100 00
007 12 Makro 1 860 00 1 860 00 Equipment
008 14 Cash 3 100 00 3 100 00
009 21 Cash 3 100 00 3 100 00
B/S Telkom 1 240 00 1 240 00 Telephone
010 28 Cash 3 348 00 3 348 00
011 Dave Jakkals 9 000 00 9 000 00 Drawings
B/S Rina Scholtz 14 300 00 14 300 00 Salaries
185 408 00 12 648 00 6 100 00 166 660 00

35
 Activity 32

Cash Receipts Journal of Jakkals Plumbers - March 2016 CRJ 2

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
04 3 Dave Jakkals 275 000 00 275 000 00 275 000 00 Capital
05 4 Mary Moolman 4 720 00 4 720 00 4 720 00
06 10 Nols Nortje 3 149 00 3 149 00 3 149 00
07 18 Delia Badenhorst 14 925 00 14 925 00 14 925 00
CRR 24 Services rendered 9 114 00 9 114 00 9114 00
306 908 00 31 908 00 275 000 00

36
Cash Payments Journal of Jakkals Plumbers – March 2016 CPJ 2

Sundry

Doc D Name of beneficiary Fol Bank Wages Material cost Amount Fol Details
B/S 4 Muller Properties 3 600 00 3 600 00 Rent expense
012 6 Cash 900 00 900 00 Petty cash
013 7 Cash 3 348 00 3 348 00
014 10 Jack’s Paints 5 163 00 5 163 00
015 14 Cash 5 000 00 5 000 00
016 18 Makro 2 077 00 2 077 00
B/S Old Mutual
Insurers 5 170 00 5 170 00 Insurance
017 Simmons Ltd 9 195 00 9 195 00 Equipment
B/S 21 Telkom 1 473 00 1 473 00 Telephone
B/S Ekhuruleni Municipality 1 872 00 1 872 00 Water and electricity
017 Cash 5 500 00 5 500 00
018 28 Cash 5 500 00 5 500 00
B/S Cell C 910 00 910 00 Drawings
B/S 31 Rina Scholtz 14 300 00 14 300 00 Salaries
019 Dave Jakkals 6 000 00 6 000 00 Drawings
70 008 00 19 348 00 7 240 00 43 420 00

37
Activity 33

Balance the following Bank accounts in the General Ledger:

Bank B1
Aug 31 Total receipts CRJ 520 369 00 Aug 31 Total Payments CPJ 340 598 00
Balance c/f 179 771 00
520 369 00 520 369 00
Sep 1 Balance b/d 179 771 00
Next month the bank account will open with a balance of R179 771,00 .

Bank B1
Aug 31 Total receipts CRJ 995 212 00 Aug 31 Total Payments CPJ 452 125 00
Balance c/f 543 087 00
995 212 00 995 212 00
Sept 1 Balance b/d 543 087 00
Next month the bank account will open with a balance of R995 212,00.

Bank B1
Aug 31 Total receipts CRJ 455 101 00 Aug 31 Total Payments CPJ 234 587 00
Balance c/f 220 514 00
455 101 00 455 101 00
Sept 1 Balance b/d 220 514 00
Next month the bank account will open with a balance of R220 514,00.
.

Bank B1
Aug 31 Total receipts CRJ 148 951 00 Aug 31 Total Payments CPJ 896 548 00
Balance c/f 747 597 00
896 548 00 896 548 00
Sept 1 Balance b/d 747 597 00
Next month the bank account will open with a negative (overdraft) balance of R747 597,00 .

38
 Bank B1
Aug 31 Total receipts CRJ 852 369 00 Aug 31 Total Payments CPJ 258 963 00
Balance c/f 593 406 00
852 369 00 852 369 00
Sept 1 Balance b/d 593 406 00
Next month the bank account will open with a balance of R593 406,00 .

Bank B1
Aug 31 Total receipts CRJ 789 654 00 Aug 31 Total Payments CPJ 654 123 00
Balance c/f 135 531 00
789 654 00 789 654 00
Sept 1 Balance b/d 135 531 00
Next month the bank account will open with a balance of R135 531,00.

39
Activity 34

Cash Receipts Journal of Erik Electricians – June 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
01 1 Erik Loots 150 000 00 150 000 00 150 000 00 B1 Capital
CRR 5 Services rendered 3 400 00 3 400 00
02 Peter Rich 900 00 4 300 00 900 00 N2 Commission Income
CRR 6 Services rendered 6 100 00 6 100 00 6 100 00
CRR 14 Services rendered 1 240 00 1 240 00
03 Erik Loots 9 000 00 10 240 00 9 000 00 B1 Capital
CRR 21 Services rendered 9 180 00 9 180 00
04 Peter Rich 610 00 9 790 00 610 00 N1 Commission Income
CRR 25 Services rendered 2 960 00 2 960 00 2 960 00
183 390 00 22 880 00 160 510 00
B5 N1

- 40 -
Cash Payments Journal of Erik Electricians – June 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Wages Material cost Amount Fol Details
001 2 Sanlam 3 200 00 3 200 00 N5 Rent expense
002 3 Manlo Traders 10 400 00 10 400 00 B4 Equipment
B/S Telkom 1 340 00 1 340 00 N6 Telephone
003 4 Hyandai 115 000 00 115 000 00 B3 Vehicles
004 6 Ekhuruleni 2 100 00 2 100 00 N7 Water and electricity
005 Cash 3 000 00 3 000 00
006 11 Sasol Motors 625 00 625 00 N8 Fuel
007 13 Checkers 910 00 910 00 N9 Consumables
008 Cash 3 300 00 3 300 00
009 14 PNA 621 00 621 00 N10 Stationery
010 Cash 350 00 350 00 B2 Drawings
011 19 Sasol Motors 510 00 510 00 N8 Fuel
012 20 Cash 3 300 00 3 300 00
013 21 Caxton 4 218 00 4 218 00 N11 Advertising
B/S 22 Sanlam 1 450 00 1 450 00 N12 Insurance
014 25 Cash 8 000 00 8 000 00 B2 Drawings
015 26 Gary Ntumba 6 100 00 6 100 00 N13 Salaries
B/S Jacks Paints 8 620 00 8 620 00
173 044 00 9 600 00 8 620 00 154 824 00
B5 N3 N4

- 41 -
General Ledger of Erik Electricians
Balance sheet section

Capital B1
2016
June 1 Bank CRJ 150 000 00
14 Bank CRJ 9 000 00
159 000 00

Drawings B2
2016
June 14 Bank CPJ 350 00
25 Bank CPJ 8 000 00
8 350 00

Vehicles B3
2016
June 4 Bank CPJ 115 000 00

Equipment B4
2016
June 3 Bank CPJ 10 400 00

Bank B5
2016 2016
June 30 Total receipts CRJ 183 390 00 June 30 Total Payments CPJ 173 044 00
Balance c/f 10 346 00
183 390 00 183 390 00
July 1 Balance b/d 10 346 00

Nominal section
Current income N1
2016
June 30 Bank CRJ 22 880 00

Commission Income N2
2016
June 5 Bank CRJ 900 00
21 Bank CRJ 610 00
1 510 00

42
 Wages N3
2016
June 30 Bank CPJ 9 600 00

Material costs N4
2016
June 30 Bank CPJ 8 620 00
Rent expense N5
2016
June 2 Bank CPJ 3 200 00
Telephone N6
2016
June 3 Bank CPJ 1 340 00
Water and electricity N7
2016
June 6 Bank CPJ 2 100 00
Fuel N8
2016
June 11 Bank CPJ 625 00
19 Bank CPJ 510 00
1 135 00
Consumables N9
2016
June 13 Bank CPJ 910 00
Stationery N10
2016
June 14 Bank CPJ 621 00
Advertising N11
2016
June 21 Bank CPJ 4 218 00
Insurance N12
2016
June 22 Bank CPJ 1 450 00
Salaries N13
2016
June 26 Bank CPJ 6 100 00

43
Activity 35

Cash Receipts Journal of Jojo Salon – April 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
001 1 Simon Jojo 150 000 00 150 000 00 Capital
CRR 18 Services rendered 11 500 00 11 500 00 11 500 00
CRR 22 Services rendered 17 800 00 17 800 00 17 800 00
CRR 26 Services rendered 12 150 00 12 150 00 12 150 00
191 450 00 41 450 00 150 000 00

44
Cash Payments Journal of Jojo Salon – April 2016 CPJ

Sundry

Doc D Details Fol Bank Wages Material cost Amount Fol Details
001 1 Mac’s Furniture 65 000 00 65 000 00 Equipment
002 Duo Bros 4 500 00 4 500 00 Rent expense
003 2 Cash 500 00 500 00 Float
004 4 L’Oreal 15 900 00 15 900 00
005 7 Cash 8 000 00 8 000 00
006 Telkom 2 100 00 2 100 00 Telephone
007 14 Cash 8 000 00 8 000 00
B/S 19 First for Women 1 100 00 1 100 00 Drawings
008 21 Cash 8 000 00 8 000 00
009 Checkers 1 498 00 1 498 00 Consumables
010 29 Ekhuruleni 2 280 00 2 280 00 Water and electricity
011 Cash 8 000 00 8 000 00
B/S 30 Tina Turner 8 440 00 8 440 00 Salaries
133 318 00 15 900 00 32 000 00 85 418 00

45
 General Ledger of Jojo Salon
Balance sheet section
Capital B1
2016
April 1 Bank CRJ 150 000 00
Drawings B2
2016
April 19 Bank CPJ 1 100 00
Equipment B3

Bank B4
2016 2016 Total
April 30 Total receipts CRJ 191 450 00 April 30 Payments CPJ 133 318 00
Balance c/f 58 132 00
191 450 00 191 450 00
May 1 Balance b/d 58 132 00
Float B5
2016
April 19 Bank CPJ 1 100 00
Nominal section
Current income N1
2016
April 30 Bank CRJ 41 450 00
Material costs N2
2016
April 21 Bank CPJ 32 000 00
Wages N3
2016
April 30 Bank CPJ 15 900 00
Rent expenses N5
2016
April 1 Bank CPJ 4 500 00
Telephone N6
2016
April 7 Bank CPJ 2 100 00
Consumables N7
2016
April 21 Bank CPJ 1 498 00
Water and electricity N8
2016
April 29 Bank CPJ 2 280 00
Salaries N9
2016
April 30 Bank CPJ 8 440 00

46
Activity 36

Cash Receipts Journal of Pieter Herstellers (Repairers) – March 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
001 1 Pieter Venter 100 000 00 100 000 00 Capital
CRR 12 Services rendered 12 600 00 12 600 00
002 Absa Bank 100 000 00 112 600 00 100 000 00 Loan: Absa
CRR 25 Services rendered 9 000 00 9 000 00 9 000 00
003 30 Pieter Venter 50 000 00 50 000 00 Capital
CRR Services rendered 12 150 00 62 150 00 12 150 00
283 750 00 33 750 00 250 000 00

47
Cash Payments Journal of Pieter Herstellers – March 2016 CPJ

Sundry

Doc D Details Fol Bank Wages Consumables Amount Fol Details

001 2 Simon’s Shop 58 000 00 58 000 00 Equipment
002 3 Wouter & Seun 9 000 00 9 000 00 Rent expense
003 Cash 900 00 900 00 Float
004 4 Micro Traders 46 400 00 46 400 00
005 7 Cash 4 000 00 4 000 00
006 Feldman & Kie 5 190 00 5 190 00 Packaging
007 14 Cash 4 000 00 4 000 00
008 Pieter Venter 2 500 00 2 500 00 Drawings
009 19 Budget Insurance 4 100 00 4 100 00 Insurance
B/S Telkom 1 899 00 1 899 00 Telephone
010 21 Cash 4 400 00 4 400 00
011 27 Willis
Wholesalers 14 640 00 6 100 00 8 540 00 Equipment
012 28 Cash 4 400 00 4 400 00
013 Pick ‘n Pay 350 00 350 00 Packaging
014 29 BMW 8 250 00 8 250 00 Drawings
B/S 30 Heidi Dirks 14 300 00 14 300 00 Salaries
B/S Ben Burges 5 100 00 5 100 00 Salaries
187 429 00 16 800 00 52 500 00 118 129 00

48
 General Ledger of Pieter Herstellers (Repairers)
Balance sheet section

Capital B1
2016
Mch 1 Bank CRJ 100 000 00
30 Bank CRJ 50 000 00
150 000 00
Drawings B2
2016
Mch 14 Bank CPJ 2 500 00
29 Bank CPJ 8 250 00
10 750 00

Equipment B3
2016
Mch 2 Bank CPJ 58 000 00
27 Bank CPJ 8 540 00
66 540 00

Loan: Absa B4
2016
Mch 1 Bank CRJ 100 000 00

Bank B5
2016 2016
Mch 31 Total receipts CRJ 283 750 00 Mch 31 Total Payments CPJ 187 429 00
Balance c/f 96 321 00
283 750 00 283 750 00
April 1 Balance b/d 96 321 00
Float B6
2016
Mch 3 Bank CPJ 900 00
Nominal section
Current income N1
2016
Mch 31 Bank CRJ 33 750 00
Rent expense N2
2016
Mch 3 Bank CPJ 9 000 00
Packaging N3
2016
Mch 7 Bank CPJ 5 190 00
28 Bank CPJ 350 00
5 540 00

- 49 -
 Insurance N4
2016
Mch 10 Bank CPJ 4 100 00

Wages N5
2016
Mch 31 Bank CPJ 16 800 00

Consumables N6
2016
Mch 31 Bank CPJ 52 500 00
Telephone N7
2016
Mch 19 Bank CPJ 1 899 00
Salaries N8
2016
Mch 30 Bank CPJ 14 300 00
Bank CPJ 5 100 00
19 400 00

- 50 -
Activity 37

Cash Receipt Journal of Suzie’s Salon – June 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
001 1 Suzie Phili 90 000 00 90 000 00 90 000 00 Capital
CRR 9 Services rendered 4 610 00 4 610 00
002 J. Bullie 1 900 00 6 510 00 9 994 00 1 900 00 Rent income
CRR 14 Services rendered 9 994 00 9 994 00
003 16 Betty Blue 1 680 00 1 680 00 11 460 00 1 680 00 Commission-income
CRR 25 Services rendered 11 460 00 11 460 00 8 165 00
CRR 30 Services rendered 8 165 00 8 165 00 34 229 00
127 809 00 34 229 00 93 580 00

- 51 -
Cash Payment Journal of Suzie’s Salon – June 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Consumables Wages Amount Fol Details
001 1 JJ Beperk 6 440 00 6 440 00 Rent expense
002 Telkom 2 220 00 2 220 00 Telephone
003 2 Cash 600 00 600 00 Float
004 Hanna & Kie 51 900 00 51 900 00 Equipment
005 5 L’Oreal 24 000 00 24 000 00
B/S 7 Outsurance 3 195 00 3 195 00 Insurance
006 Cash 6 000 00 6 000 00
007 11 PNA 901 00 901 00 Stationery
008 14 Cash 6 000 00 6 000 00
B/S 19 Dove & Kie 11 180 00 11 180 00
009 21 Cash 6 100 00 6 100 00
010 28 Cash 6 100 00 6 100 00
011 29 Cash 9 000 00 9 000 00 Drawings
012 Pick ‘n Pay 1 210 00 1 210 00 Consumables
B/S 30 Cyli Marais 7 100 00 7 100 00 Salaries
141 946 00 35 180 00 24 200 00 82 566 00

- 52 -
General Ledger of Suzie’s Salon
Balance sheet section

Capital B1
June 1 Bank CRJ 90 000 00

Drawings B2
June 29 Bank CPJ 9 000 00

Equipment B3
June 2 Bank CPJ 51 900 00

Bank B4
June 30 Total receipts CRJ 127 809 00 June 30 Total Payments CPJ 141 946 00
Balance c/f 14 137 00
177 175 00 177 175 00
Julie 1 Balance b/d 14 137 00

Float B5
June 2 Bank CPJ 600 00

Nominal section
Current income N1
June 30 Bank CRJ 34 229 00

Rent income N2
June 9 Bank CRJ 1 900 00

Commission-income N3
June 16 Bank CRJ 1 680 00

Material costs N4
June 30 Bank CPJ 69 409 00
 Wages N5
June 30 Bank CPJ 24 200 00

Rent expense N6
June 1 Bank CPJ 6 440 00

Telephone N7
June 1 Bank CPJ 2 220 00

Insurance N8
June 7 Bank CPJ 3 195 00

Stationery N9
June 11 Bank CPJ 901 00

Consumables N10
June 29 Bank CPJ 1 210 00

Salaries N11
June 30 Bank CPJ 7 100 00

Analyze the following transactions according to the Accounting Equation:

Date General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
CRJ: 1st Bank Capital +90 000 +90 000
CRJ: 16th Bank Commission-income +1 680 +1 680
CPJ: 2nd Float Bank +600
- 600
CPJ: 2nd Equipment Bank +51 900
- 51 900
CPJ: 29th Drawings Bank - 9 000 - 9 000
CPJ: 29th Consumables Bank - 7 100 - 7 100
 Chapter 6: The General Ledger with opening Balances and/or Totals

Activity 38

Cash Receipts Journal of Gogo Salon - September 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
112 3 Diane Gogo 25 000 00 25 000 00 Capital
CRR 12 Services rendered 18 800 00 18 800 00 18 800 00
CRR 18 Services rendered 10 980 00 10 980 00 10 980 00
CRR 25 Services rendered 9 220 00 9 220 00 9 220 00

64 000 00 39 000 00 25 000 00

Cash Payments Journal of Gogo Salon - September 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Wages Material cost Amount Fol Details
314 5 Diane Gogo 1 200 00 1 200 00 Drawings
B/S 7 Cash 4 800 00 4 800 00
B/S Sage 3 100 00 3 100 00 Rent expense
315 9 Makro 12 100 00 12 100 00 Equipment
316 14 Cash 4 800 00 4 800 00
B/S Municipality 1 460 00 1 460 00 Water and electricity
317 16 Lanie & Kie 3 160 00 3 160 00
318 21 Cash 4 800 00 4 800 00
319 23 Cash 2 000 00 2 000 00 Drawings
320 25 CNA 610 00 610 00 Stationery
321 28 Cash 4 800 00 4 800 00
B/S 31 ABSA 320 00 320 00 Banking fees
43 150 00 19 200 00 3 160 00 20 790 00
General Ledger of Gogo Salon

Balance sheet section

Capital B1
Sept 1 Balance b/d 100 000 00
3 Bank CRJ 25 000 00
125 000 00
Drawings B2
Sept 1 Balance b/d 6 500 00
5 Bank CPJ 1 200 00
23 Bank CPJ 2 000 00
9 700 00

Equipment B3
Sept 1 Balance b/d 6 500 00
9 Bank CPJ 12 100 00
18 600 00

Bank B4

Sept 1 Balance b/d 6 500 00 Sept 30 Total Payments CPJ 43 150 00

30 Total receipts CRJ 64 000 00 Balance c/f 27 350 00
70 500 00 70 500 00
Oct 1 Balance b/d 27 350 00

Nominal section
Current income N1
Sept 1 Total b/d 123 800 00
30 Bank CRJ 39 000 00
162 800 00
Material costs N2
Sept 1 Total b/d 22 960 00
30 Bank CPJ 3 160 00
26 120 00
Wages N3
Sept 1 Total b/d 24 800 00
30 Bank CPJ 19 200 00
44 000 00
Rent expenses N4
Sept 1 Total b/d 36 400 00
7 Bank CPJ 3 100 00
39 500 00
 Water and electricity N5
Sept 1 Total b/d 13 360 00
14 Bank CPJ 1 460 00
14 820 00
Stationery N6
Sept 1 Total b/d 4 320 00
25 Bank CPJ 610 00
4 930 00
Banking fees N7
Sept 1 Total b/d 1 830 00
31 BanK CPJ 320 00
2 150 00

Analyze the following transactions according to the Accounting Equation:

Date General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
CRJ: 3rd Bank Capital +25 000 +25 000
CRJ: 12th Bank Current income +18 800 +18 800
CPJ: 5th Drawings Bank - 1 200 - 1 200
CPJ: 7th Wages Bank - 4 800 - 4 800
CPJ: 7th Rent expense Bank - 3 100 - 3 100
CPJ: 9th Equipment Bank +12 100
- 12 100
CPJ: 31st Banking fees Bank - 320 - 320
Activity 39

Cash Receipts Journal of Gavin ‘s Plumbers – October 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
195 2 Gavin Hacks 136 000 00 136 000 00 Capital
CRR 14 Services rendered 16 900 00 16 900 00 16 900 00
CRR 21 Services rendered 35 698 00 35 698 00 35 698 00
CRR 30 Services rendered 19 412 00 19 412 00 19 412 00

208 010 00 72 010 00 136 000 00

Cash Payments Journal of Gavin ‘s Plumbers – October 2016 CPJ

Sundry

Doc D Details Fol Bank Wages Consumables Amount Fol Details

404 3 Diane Gogo 5 400 00 5 400 00 Drawings
B/S 9 Cash 10 500 00 10 500 00
B/S 10 SafeSure 6 200 00 6 200 00 Insurance
405 11 Billies Vehicles 112 100 00 112 100 00 Vehicles
406 16 Cash 10 500 00 10 500 00
B/S Vodacom 2 555 00 2 555 00 Cellphone
407 18 Tersia’s Traders 3 160 00 3 160 00
408 23 Cash 10 500 00 10 500 00
409 25 Cash 12 000 00 12 000 00 Drawings
410 PNA 2 610 00 2 610 00 Stationery
411 30 Cash 10 500 00 10 500 00
B/S Nedbank 120 00 120 00 Banking fees
186 145 00 42 000 00 3 160 00 140 985 00
General Ledger of Gavin ‘s Plumbers

Balance sheet section

Capital B1
Oct 1 Balance b/d 250 000 00
2 Bank CRJ 136 000 00
386 000 00
Drawings B2
Oct 1 Balance b/d 13 450 00
3 Bank CPJ 5 400 00
25 Bank CPJ 12 000 00
30 850 00

Vehicles B3
Oct 1 Balance b/d 95 250 00
11 Bank CPJ 112 100 00
207 350 00
Bank B4
Oct 1 Balance b/d 194 092 00 Oct 31 Total Payments CPJ 186 145 00
31 Total receipts CRJ 208 010 00 Balance c/f 215 957 00
402 102 00 402 102 00
Nov 1 Balance b/d 215 957 00

Nominal section
Current income N1
Oct 1 Total b/d 225 200 00
31 Bank CRJ 72 010 00
297 210 00
Consumables N2
Oct 1 Total b/d 35 210 00
31 Bank CPJ 3 160 00
38 370 00
Wages N3
Oct 1 Total b/d 55 600 00
31 Bank CPJ 42 000 00
97 600 00
Insurance N4
Oct 1 Total b/d 42 000 00
10 Bank CPJ 6 200 00
48 200 00
 Cellphone N5
Oct 1 Total b/d 25 698 00
16 Bank CPJ 2 555 00
28 253 00
Stationery N6
Oct 1 Total b/d 12 980 00
25 Bank CPJ 2 610 00
15 590 00
Banking fees N7
Oct 1 Total b/d 920 00
30 Bank CPJ 120 00
1 040 00

Analyze the following transactions according to the Accounting Equation:

Date General Ledger Accounting Equation
Account Account Assets Owner’s Liabilities
debited credited equity
CRJ: 2nd Bank Capital +136 000 +136 000
CRJ: Bank Current income +19 412 +19 412
30th
CPJ: 3rd Drawings Bank - 5 400 - 5 400
CPJ: Insurance Bank - 6 200 - 6 200
10th
CPJ: Vehicles Bank +112 100
11th
- 112 100
CPJ: Wages Bank - 10 500 - 10 500
16th
CPJ: Cellphone Bank - 2 555 - 2 555
16th
Activity 40

Cash Receipts Journal of Paula’s Playschool – March 2016 CRJ

Sundry

Analysis of Bank Current

Doc D Details Fol receipts Income Amount Fol Details
CRR 1 Services rendered 33 250 00 33 250 00 33 250 00
33 13 Paula Plessis 136 000 00 136 000 00 136 000 00 Capital
CRR 14 Services rendered 29 850 00 29 850 00 29 850 00
CRR 31 Services rendered 19 412 00 19 412 00 19 412 00

218 512 00 82 512 00 136 000 00

Cash Payments Journal of Paula’s Playschool – March 2016 CPJ

Sundry
Name of
Doc D beneficiary Fol Bank Wages Stationery Amount Fol Details
40 5 Cash 6 850 00 6 850 00
B/S 7 Cash 10 000 00 10 000 00
B/S 12 Toys R Us 11 100 00 11 100 00 Equipment
B/S Bouwerke 22 000 00 22 000 00 Land and Buildings
41 14 Cash 6 850 00 6 850 00
B/S 15 Telkom 1 235 00 1 235 00 Telephone
42 16 Pen & Pencil 4 560 00 4 560 00
43 19 Cash 6 850 00 6 850 00
B/S 24 Paula Plessis 13 000 00 13 000 00 Drawings
B/S 25 Municipality 3 510 00 3 510 00 Water and electricity
45 26 Cash 8 000 00 8 000 00
46 30 SA Post Office 99 00 99 00 Postage
94 054 00 28 550 00 14 560 00 50 944 00
 General Ledger of Paula’s Playschool

Balance sheet section

Capital B1
Mch 1 Balance b/d 897 084 00
13 Bank CRJ 136 000 00
1 033 084 00
Drawings B2
Mch 1 Balance b/d 136 820 00
24 Bank CPJ 13 000 00
149 820 00

Land and Buildings B3

Mch 1 Balance b/d 995 250 00
12 Bank CPJ 22 000 00
1 017 250 00

Bank B4
Mch 1 Balance b/d 71 042 00 Mch 31 Total Payments CPJ 94 054 00
31 Total receipts CRJ 218 512 00 Balance c/f 195 500 00
289 554 00 289 554 00
April 1 Balance b/d 195 500 00

Equipment B5
Mch 1 Balance b/d 55 000 00
12 Bank CPJ 11 100 00
66 100 00
Nominal section
Current income N1
Mch 1 Total b/d 450 000 00
31 Bank CRJ 82 512 00
532 512 00
Water and electricity N2
Mch 1 Total b/d 24 250 00
25 Bank CPJ 3 510 00
27 760 00
Wages N3
Mch 1 Total b/d 22 987 00
31 Bank CPJ 28 550 00
51 537 00
 Telephone N4
Mch 1 Total b/d 5 125 00
15 Bank CPJ 1 235 00
6 360 00
Stationery N5
Mch 1 Total b/d 35 410 00
31 Bank CPJ 14 560 00
49 970 00
Postage N6
Mch 1 Total b/d 1 200 00
30 Bank CPJ 99 00
1 299 00

Answer the following questions on this exercise:

th
1 What must be written on the 15 in the CRJ in the details column? Services rendered
th
2 What must be written on the 14 in the CPJ in the name of beneficiary column? Cash

Motivate your answer. The owner cashes a cheque at the bank to pay employees who are on cash

wages.
3 Cheque nr 44 has not been used in the CPJ. Is that a problem? Why / why not?
It will be a problem if the cheque is not in the owner’s possession. It could be that a mistake was
made on the cheque en that it has therefor been cancelled.
4 Give TWO possible reasons why cheque nr 44 does not appear in the CPJ.
Reason 1: A mistake has been made on the cheque and it couldn’t be used.

Reason 2: The cheque was stolen.

th
5 On the 24 the owner, Paula Plessis was paid a salary of R13 000, but it was recorded as
“Drawings”. It is not a mistake. Why not? Anything (cash or other things) taken from the
business by the owner is drawings.
th
6 In the CRJ (on the 13 ), Paula’s capital contribution is recorded in the analysis of receipts
column. In most of the previous activities this was not the case.
6.1 Explain when the capital contribution will be recorded in the analysis of receipts column.
The owner writes a personal cheque to be deposited in the current account of the business. A receipt
is issued.
6.2 Explain when the capital contribution will not be written in the analysis of receipts column.
The owner does an electronic (internet) transfer directly from his personal account to the current
account of the business.
7 Why do businesses prefer to receive funds electronically and to make their payments
electronically? It is easy to check electronic transactions on the bank statement. It is a relatively

safe method.

Chapter 7: Trial Balance

Activity 41
Trial Balance of Tenpin Bowling Club on 30 April 2016

Fol Debit Credit

Balance sheet section
Capital B1 150 000
Drawings B2 1 100
Equipment B3 65 000
Bank B4 58 132
Float B5 500
Nominal section
Current income N1 41 450
Material costs N2 15 900
Wages N3 32 000
Rent expenses N4 4 500
Telephone N5 2 100
Consumables N6 1 498
Water and electricity N7 2 280
Salaries N8 8 440
191 450 191 450
Activity 42

Trial Balance of Salon Maria on 31 May 2016

Fol Debit Credit
Balance sheet section
Capital B1 190 955
Drawings B2 24 980
Vehicles B3 95 000
Equipment B4 135 900
Bank B5 9 460
Petty cash B6 800
Float B7 300
Nominal section
Current income N1 460 000
Stationery N2 3 100
Insurance N3 14 900
Telephone N4 7 845
Wages N5 102 000
Commission Income N6 6 130
Rent expense N7 36 000
Material costs N8 42 800
Salaries N9 184 000
657 085 657 085
Activity 43
Trial Balance of Timothy’s Garden Service on 31 Augustus 2016
Fol Debit Credit
Balance sheet section
Capital B1 400 000
Drawings B2 42 900
Land and Buildings B3 800 000
Equipment B4 69 200
Mortgage Loan B5 500 000
Fixed deposit: Citibank B6 10 000
Bank B7 5 192
Float B8 500
Nominal section
Current income N1 348 000
Advertising N2 3 990
Rent expense N3 66 000
Wages N4 64 000
Material costs N5 47 924
Salaries N6 72 240
Stationery N7 3 154
Telephone N8 18 240
Insurances N9 19 060
Water and electricity N10 25 600
1 248 000 1 248 000
Activity 44
Trial Balance of Great Gardens on 31 July 2016

Fol Debit Credit

Balance sheet section
Capital B1 1 450 000
Drawings B2 102 000
Land and Buildings B3 600 000
Vehicles B4 85 000
Equipment B5 1 200 000
Bank B6 6 432
Petty cash B7 600
Mortgage Loan: FNB B8 300 000
Fixed deposit: Absa B9 5 000
Creditor’s control B10 5 440
Debtor’s control B11 17 147
Nominal section
Current income N1 698 099
Water and electricity N2 23 996
Insurance N3 25 200
Consumables N4 4 440
Telephone N5 11 400
Stationery N6 3 160
Salaries N7 292 000
Interest on Mortgage Loan N8 36 000
Wages N9 68 000
Commission Income N10 15 000
Rent income N11 14 400
Repairs and maintenance N12 2 564
2 482 939 2 482 939
Activity 45
Trial Balance of Nixie Dixie Dealers on 30 April 2016

Fol Debit Credit

Balance sheet section
Capital B1 390 195
Drawings B2 10 730
Vehicles B3 320 000
Equipment B4 287 000
Bank B5 9 959
Loan: Absa Bank B6 96 000
Nominal section
Current income N1 446 000
Insurance N2 12 000
Material costs N3 5 000
Rent expense N4 72 000
Interest on loan N5 1 800
Repairs and maintenance N6 31 582
Salaries N7 95 000
Telephone N8 6 250
Water and electricity N9 27 891
Stationery N10 13 725
Wages N11 39 258
932 195 932 195
 Chapter 8: Financial Statements

Activity 46
Statement of Comprehensive Income of Urban Sport Club for the year ended 28 February 2016

Current Income 698 090

Other income 29 400
Rent income 14 400
Commission Income 15 000
Gross operating income 727 490
Minus: Operating Expenses: (466 760)
Insurance 25 200
Wages 68 000
Salaries 292 000
Stationery 3 160
Consumables 4 440
Telephone 11 400
Water and electricity 23 996
Repairs and maintenance 2 564
Advertising 36 000
Nett profit for the year 260 730
 Statement of Financial Position of Urban Sport Club on 28 February 2016

ASSETS Notes
Non-Current assets 1 890 000
Tangible Assets 1 1 885 000
Fixed Deposit: Absa 5 000
Current assets 24 170
Trade and other receivables 17 147
Cash and cash equivalents 2 7 023
TOTAL ASSETS 1 914 170

EQUITY AND LIABILITIES

Owner’s equity 3 1 608 730
Non current Liabilities 300 000
Mortgage Loan: FNB 300 000
Current liabilities 5 440
Trade and other payables 5 440
TOTAL EQUITY AND LIABILITIES 1 914 170
Notes to the Statement of Financial Position

1 Tangible Assets:
Land and Buildings 600 000
Equipment 1 200 000
Vehicles 85 000
1 885 000
2 Cash and cash equivalents
Bank 6 423
Petty cash 600
7 023
3 Owner’s equity:
Capital at the beginning of the year 1 450 000
Nett profit for the year 260 730
Drawings (102 000)
Capital at the end of the year 1 608 730
Activity 47

Statement of Comprehensive Income of Rikus Rekenmeester (Accountant) for the year ending
30 June 2016
Current Income 610 000
Other income 25 900
Commission Income 25 900
Gross operating income 635 900
minus Operating Expenses: (535 554)
Stationery 5 900
Insurance 18 200
Wages 62 000
Consumables 6 154
Water and electricity 10 800
Rent expense 91 900
Telephone 28 600
Salaries 312 000
Nett profit for the year 100 346
Statement of Financial Position of Rikus Rekenmeester (Accountant) on 30 June 2016
ASSETS Notes
Non-Current assets 212 000
Tangible Assets 1 212 000

Current assets 75 115

Trade and other receivables 61 000
Cash and cash equivalents 2 14 115
Total Assets 287 115

EQUITY AND LIABILITIES

Owner’s equity 3 230 115
Non current liabilities 25 000
Loan: Nedbank 25 000
Current liabilities 32 000
Trade and other payables 32 000
Total Equity and Liabilities 287 115

Notes to the Statement of Financial Position

1 Tangible Assets:
Vehicles 121 000
Equipment 91 000
212 000
2 Cash and Cash equivalents
Bank 14 115
14 115
3 Owner’s equity:
Capital at the beginning of the year 273 769
Nett profit for the year 100 346
Drawings (144 000)
230 115
Activity 48
Statement of Comprehensive Income of Scott-Droogskoonmakers (Dry Cleaners) for the year ending 28
February 2016
Current Income 618 810
Other income -
-
Gross operating income 618 810
Operating Expenses: (447 700)
Insurance 8 500
Wages 38 440
Material costs 51 970
Salaries 165 000
Rent expense 59 950
Telephone 18 040
Water and electricity 24 210
Stationery 33 760
Advertising 18 000
Repairs and maintenance 29 830
NETT PROFIT FOR THE YEAR 171 110
Statement of Financial Position of Scott-Droogskoonmakers (Dry-Cleaners) on 28 February 2016
ASSETS Notes
Non-Current assets 537 000
Tangible Assets 1 537 000

Current assets
Trade and other receivables -
Cash and cash equivalents 2 26 000
TOTAL ASSETS 563 000

EQUITY AND LIABILITIES

Owner’s equity 3 463 000
Non current Liabilities 100 000
Loan: Absa Bank 100 000
Current liabilities -
Trade and other payables -
TOTAL EQUITY AND LIABILITIES 563 000

Notes to the Statement of Financial Position

1 Tangible Assets:
Vehicles 250 000
Equipment 287 000
537 000
2 Cash and cash equivalents
Bank 26 000
26 000
3 Owner’s equity:
Capital at the beginning of the year 391 890
Nett profit for the year 171 110
Drawings (100 000)
Capital at the end of the year 463 000
Activity 49
Statement of Comprehensive Income of Jumping Jack for the year ending
28 February 2016
Current Income 420 125
Other income 36 449
Commission income 36 449
Gross operating income 456 574
Operating Expenses: (356 675)
Stationery 1 894
Insurance 35 120
Telephone 11 412
Wages 55 200
Rent expense 44 555
Material costs 12 258
Salaries 196 236

Nett profit for the year 99 899

Statement of Financial Position of Jumping Jack on 28 February 2016
ASSETS Notes
Non-Current assets 297 974
Tangible Assets 1 297 974
Current assets 165 345
Trade and other receivables -
Cash and cash equivalents 2 165 345
TOTAL ASSETS 463 319

EQUITY AND LIABILITIES

Owner’s equity 3 463 319
Non current Liabilities
-
Current liabilities
Trade and other payables -
TOTAL EQUITY AND LIABILITIES 463 319

Notes to the Statement of Financial Position

1 Tangible Assets:
Vehicles 203 320
Equipment 94 654
297 974
2 Cash and cash equivalents
Bank 163 095
Petty cash 950
Float 1 300
165 345
3 Owner’s equity:
Capital at the beginning of the year 400 000
Nett profit for the year 99 899
Drawings (36 580)
Capital at the end of the year 463 319
Activity 50
Statement of Comprehensive Income of Riets-Herstellers for the year ending 28 February 2016
Current income 439 770
Operating Expenses: (254 839)
Trading licence 1 760
Stationery 2 054
Wages 86 539
Telephone 12 490
Fuel 11 337
Material costs 44 660
Water and electricity 21 130
Insurance 9 870
Salaries 65 000
Nett profit for the year 184 931
Statement of Financial Position of Riets-Hestellers on 28 February 2016
ASSETS Notes
Non-Current assets
Tangible Assets 1 941 375
Current assets 20 850
Trade and other receivables -
Cash and cash equivalents 2 20 850
TOTAL ASSETS 962 225

EQUITY AND LIABILITIES

Owner’s equity 3 462 225
Non current liabilities 500 000
Mortgage Loan 500 000
Current liabilities -
Trade and other payables -
TOTAL EQUITY AND LIABILITIES 962 225

Notes to the Statement of Financial Position

1 Tangible Assets:
Land and Buildings 800 000
Vehicles 92 500
Equipment 48 875
941 375
2 Cash and cash equivalents
Bank 20 850
20 850
3 Owner’s equity:
Capital at the beginning of the year 312 999
Nett profit for the year 184 931
Drawings (35 705)
462 225
 Chapter 9: Trading business

Activity 51
Calaulate the selling price. Show your calculations:
Cost Profit Selling price Calculations
price margin
1 R 800 100 % R1 600 800 x 200 % (800 x 100 % = 800 + 800 = R1 600)
2 R 25 25 % R31,25 25 x 125 % (25 x 25 % = 6,25 + 25 = R31,25
3 R 3 100 75 % R5 425 3 100 x 175 % (3 100 x 75 % = 2 325 + 3 100)
4 R 700 50 % R1 050 700 x 150 % (700 x 50 % = 350 + 700)
5 R 150 150 % R375 150 x 250 % (150 x 150 % = 225 + 150)
6 R 610 14 % R695,40 610 x 114 % (610 x 14 % = 85,40 + 610)
7 R12 900 175 % R35 475 12 900 x 275 % (12 900 x 175 % = 22 575 + 12 900)
8 R 99 33⅓ % R132 99 x 133,333 % (99 x 33⅓ % = 33 + 99)
9 R 120 66⅔ % R200 120 x 166,666 % (120 x 66⅔ % = 80 + 120)
10 R 4 800 250 % R16 800 4 800 x 350 % (4 800 x 250 % = 12 000 + 4 800)
11 R 100 300% R400 100 x 400 % (100 x 300 % = 300 + 100)
12 R 99,95 125 % R224,89 99,95 x 225 % (99,95 x 125 % = 124,94 + 99,95)
13 R 9 250 20 % R11 100 9 250 x 120% (9250 x 20 % = 1 850 + 9 250)
14 R 12,50 125 % R28,13 12,50 x 225 % (12,50 x 125 % = R15,63 + 12,50)
15 R 8 300 100 % R16 600 8 300 x 200 % (8 300 x 100 % = 8 300 + 8 300)
16 R 1 000 60 % R1 600 1 000 x 160 % (1 000 x 60 % = 600 + 1 000)
17 R 220 10 % R242 220 x 110 % (220 x 10 % = 22 + 220)
18 R 15 50 % R22,50 15 x 150 % (15 x 50 % = 7,50 + 15)
19 R 16,40 25 % R20,50 16,40 x 125 % (16,40 x 25 % = 4,10 + 16,40)
20 R200,50 200 % R601,50 200,50 x 300 % (200,50 x 200 % = 401 + 200,50
Activity 52
Complete the table:
Cost Percentage Profit in Selling price Calculations
price profit on cost Rand
price
R900 100 % *R900 *R1 800 900 x 200 %
*R1 000 50 % *R500 R1 500 1 500 x 100/150
R600 75 % *R450 *R1 050 600 x 75 % = 450 + 600
*R800 150 % *R1 200 R2 000 2 000 x 100/250
R750 *33⅓ % R250 *R1 000 250/750 x 100
*R1 500 200 % R3 000 *R4 500 3 000 x 100/200
R210 125 % *R262,50 *R472,50 210 x 225 %
*R400 *50 % R200 R600 600 – 200 (200/400 x 100)
R580 25 % *R145 *R725 580 x 25 %
R320 *50 % *R160 R480 480 – 320 (160/320 x 100)
Activity 53

Cash Receipts Journal of Rooi Handelaars (Traders) - July 2016 CRJ

Sundry

Analysis of Bank
Doc D Details Fol receipts Sales Cost of sales Amount Fol Details
001 1 Vian Rooi 75 000 00 75 000 00 Capital
CRR 7 Sales 1 860 00 1 860 00 930 00
002 J. Blou 2 100 00 3 960 00 2 100 00 Rent income
CRR 12 Sales 6 320 00 6 320 00 6 320 00 3 160 00
003 15 Vian Rooi 50 000 00 50 000 00 50 000 00 Capital
B/S 21 Absa 62 00 62 00 Interest on current account
CRR 22 Sales 4 580 00 4 580 00 4 580 00 2 290 00
CRR 31 Sales 12 900 00 12 900 00 6 450 00
152 822 00 26 660 00 12 830 00 127 162 00
General Ledger of Rooi Handelaars (Traders)

Balance sheet section

Trading inventory B6
July 01 Balance b/d 75 000 00 July 31 Cost of sales CRJ 12 830 00
Balance c/f 62 170 00
75 000 00 75 000 00
Aug 01 Balance b/d 62 170 00
Nominal section
Sales N1
July 31 Bank CRJ 26 660 00

Cost of sales N2
July 31 Trading inventory CRJ 12 830 00

Activity 54

Nr Account Account Assets Owner’s equity Liabilities

debited credited
Debit Credit Debit Credit Debit Credit
1 Trading inventory Bank 15 600 15 600
2 Bank Sales 8 500 8 500
Cost of sales Trading 4 250 4 250
inventory
Activity 55

Cash Receipt Journal of Bobo Handelaars - October 2016 CRJ

Sundry

Analysis of Bank
Doc D Details Fol receipts Sales Cost of sales Amount Fol Details
001 1 Tom Bobo 100 000 00 100 000 00 100 000 00 Capital
CRR 8 Sales 8 700 00 8 700 00 8 700 00 5 800 00
CRR 11 Sales 12 900 00 12 900 00 8 600 00
002 Tom Bobo 50 000 00 62 900 00 50 000 00 Capital
CRR 25 Sales 14 700 00 14 700 00 14 700 00 9 800 00
186 300 00 36 300 00 24 200 00 150 000 00
B7 N1 B6/N2
Cash Payments Journal of Bobo Handelaars - October 2016 CPJ

Sundry
Trading
Doc D Details Fol Bank Wages inventory Amount Fol Details
001 2 Hertz 35 900 00 35 900 00 Equipment
002 3 Trek & Bros 45 600 00 45 600 00
003 Waltons 4 960 00 4 960 00 Stationery
004 Hoover Ltd 13 900 00 13 900 00 Rent expense
005 5 Cash 500 00 500 00 Float
006 6 Cash 6 100 00 6 100 00
007 Caxton Ltd 8 195 00 2 280 00 Advertising
5 915 00 Packaging
008 13 Cash 6 100 00 6 100 00
B/S AB Wholesalers 28 600 00 28 600 00
009 15 Tom Bobo 8 000 00 8 000 00 Drawings
010 Municipality 1 200 00 1 200 00 Water and electricity
011 18 Sanlam 1 890 00 1 890 00 Insurance
012 Makro 9 800 00 9 800 00 Equipment
013 The Beeld 6 800 00 6 800 00 Advertising
014 20 Cash 6 100 00 6 100 00
015 27 Cash 6 100 00 6 100 00
B/S Tracy Bothma 6 320 00 6 320 00 Salaries
B/S Sally Katz 5 100 00 5 100 00 Salaries
201 165 00 24 400 00 74 200 00 102 565 00
 General Ledger of Bob Traders

Balance sheet section

Trading inventory B6
Oct 31 Bank CPJ 74 200 00 Oct 31 Cost of sales CRJ 24 200 00
Balance c/f 50 000 00
74 200 00 74 200 00
Nov 1 Balance b/d 50 000 00

Bank B7
Oct 31 Total receipts CRJ 186 300 00 Oct 31 Total Payments CPJ 201 165 00
Balance c/f 14 865 00
201 165 00 201 165 00
Nov 1 Balance b/d 14 865 00
Nominal section
Sales N1
Oct 31 Bank CRJ 36 300 00

Cost of sales N2
Oct 31 Trading inventory CRJ 24 200 00
Activity 56

Cash Receipts Journal of Toto Wholesalers - October 2016 CRJ

Sundry

Analysis of Bank
Doc D Details Fol receipts Sales Cost of sales Amount Fol Details
01 1 Pieter Toto 400 000 00 400 000 00 400 000 00 Capital
02 5 Cash 2 100 00 2 100 00 2 100 00 Commission income
CRR 6 Sales 19 800 00 19 800 00 19 800 00 9 900 00
CRR 11 Sales 26 900 00 26 900 00 26 900 00 13 450 00
CRR 19 Sales 15 760 00 15 760 00 15 760 00 7 880 00
03 24 Cash 4 900 00 4 900 00 4 900 00 Commission income
CRR 25 Sales 18 440 00 18 440 00 18 440 00 9 220 00
CRR 31 Sales 22 510 00 22 510 00 22 510 00 11 255 00
510 410 00 103 410 00 51 705 00 407 000 00
B7 N1 B6/N2
Cash Payments Journal of Toto Wholesalers – October 2016 CPJ

Sundry
Trading
Doc D Details Fol Bank Wages inventory Amount Fol Details
001 2 Ford Motors 115 000 00 115 000 00 Vehicles
Fox
002 Manufacturers 190 000 00 190 000 00
B/S 3 Outsurance 2 610 00 2 610 00 Insurance
003 4 Sanlam Ltd 10 900 00 10 900 00 Rent expense
004 5 Municipality 3 120 00 3 120 00 Water and electricity
005 6 Cash 4 100 00 4 100 00
006 8 Pick ‘n Pay 822 00 822 00 Consumables
007 15 Balance 625 00 625 00 Fuel
008 Cash 4 100 00 4 100 00
009 19 Telkom 1 930 00 1 930 00 Telephone
010 Vodacom 747 00 747 00 Drawings
011 25 Cash 4 100 00 4 100 00
B/S 26 Joe Black 9 155 00 9 155 00 Salaries
012 30 Waltons 1 348 00 1 348 00 Stationery
348 557 00 12 300 00 190 000 00 146 257 00
B7 B6
General Ledger of Toto Groothandelaars (Wholesalers)

Balance sheet section

Trading inventory B6
Oct 31 Bank CPJ 190 000 00 Oct 31 Cost of sales CRJ 51 705 00
Balance c/f 138 295 00
190 000 00 190 000 00
Nov 1 Balance b/d 138 295 00

Bank B7
Oct 31 Total receipts CRJ 510 410 00 Oct 31 Total Payments CPJ 348 557 00
Balance c/f 161 853 00
510 400 00 510 400 00
Nov 1 Balance b/d 161 853 00
Nominal section
Sales N1
Oct 31 Bank CRJ 103 410 00

Cost of sales N2
Oct 31 Trading inventory CRJ 51 70 00
Activity 57

Cash Receipts Journal of Bilbao Traders - October 2016 CRJ

Sundry

Analysis of Bank
Doc D Details Fol receipts Sales Cost of sales Amount Fol Details
001 3 Eddie Job 200 000 00 200 000 00 200 000 00 Capital
CRR 13 Sales 28 500 00 28 500 00 28 500 00 19 000 00
CRR 19 Sales 25 500 00 25 500 00 25 500 00 17 000 00
B/S 21 Dinah Malone 3 600 00 3 600 00 Rent income
CRR 28 Sales 21 480 00 21 480 00 21 480 00 14 320 00
329 400 00 75 480 00 50 320 00 203 600 00
Cash Payments Journal of Bilbao Traders - October 2016 CPJ

Sundry
Trading
Doc D Details Fol Bank Wages inventory Amount Fol Details
001 1 Daly & Kie 6 700 00 6 700 00 Rent expense
002 2 Telkom 1 800 00 1 800 00 Telephone
003 3 Hyndai Motors 125 000 00 125 000 00 Vehicles
004 Lever Bros 85 000 00 85 000 00
B/S 7 Cash 2 100 00 2 100 00
005 Municipality 1 890 00 1 890 00 Water and electricity
B/S 14 Sanlam 3 210 00 3 210 00 Insurance
006 Cash 2 100 00 2 100 00
007 20 Micro Ltd 24 000 00 24 000 00
B/S FNB 132 00 132 00 Banking fees
008 21 Cash 4 000 00 4 000 00 Drawings
009 Cash 2 100 00 2 100 00
010 28 Cash 2 100 00 2 100 00
011 30 Game 10 000 00 10 000 00 Equipment
B/S Dimitri Juju 6 100 00 6 100 00 Salaries
276 232 00 8 400 00 109 000 00 158 832 00
 General Ledger of Bilbao Traders

Balance sheet section

Capital B1
Oct 1 Balance b/d 520 000 00
3 Bank CRJ 200 000 00
720 000 00
Drawings B2
Oct 1 Balance b/d 12 000 00
21 Bank CPJ 4 000 00
16 000 00

Trading inventory B3
Oct 1 Balance b/d 90 000 00 Oct 31 Cost of Sales CRJ 50 320 00
31 Bank CPJ 109 000 00 Balance c/f 148 680 00
199 000 00 199 000 00
Nov 1 Balance b/d 50 320 00

Bank B4
Oct 1 Balance b/d 190 000 00 Oct 31 Total Payments CPJ 276 232 00
31 Total receipts CRJ 329 400 00 Balance c/f 243 168 00
519 400 00 519 400 00
Nov 1 Balance b/d 243 168 00

Nominal section
Sales N1
Oct 1 Total b/d 65 000 00
31 Bank CRJ 75 480 00
Cost of sales N2
Oct 1 Total b/d 22 000 00
31 Trading inventory CRJ 50 320 00
72 320 00
Wages N3
Oct 1 Total b/d 80 000 00
31 Bank CPJ 8 400 00
88 400 00
Telephone N4
Oct 1 Total b/d 6 050 00
2 Bank CPJ 1 800 00
7 850 00