Western Cape Education Department

Curriculum (FET)

ACCOUNTING
Grade 10
RESOURCE PACK
2025

TERM 1
Answer book
Gr 10 Accounting T1 Revision 2024 2 Answer book

Internal control; Ethics; GAAP

ACTIVITY 1
1.

2.

3.

10

ACTIVITY 2
A

6
Gr 10 Accounting T1 Revision 2024 3 Answer book

CASH TRANSACTIONS
ACTIVITY 1
1.

2.

3.

4.

5.

6.

7.

ACTIVITY 2
2.1
2.2
2.3
2.4
2.5

5
Gr 10 Accounting T1 Revision 2024 4 Answer book

ACTIVITY 3
No.
Acc. debited Acc. credited Amount A O L

3.1

3.2

3.3

3.4

3.5

3.6

3.7

3.8

3.9

3.10

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Gr 10 Accounting T1 Revision 2024 5 Answer book

ACTIVITY 4
General ledger entries Effect on Account Equation
No.
Account debited Account credited Amount (R) A E D = C L I

E.g., Bank Capital 100 000 + = +

1. ± =

2. =

3. Bank =

4. Bank =

5.1 =

5.2 400 =

6. 5 000 =

7.1 Bank 42 000 =

7.2 Cost of sales =

8. =

9. Bank 370 =

30

JOURNALS, LEDGER & TRIAL BALANCE

ACTIVITY 1
1.1
1.2
1.3
1.4
1.5
1.6

6
Gr 10 Accounting T1 Revision 2024 6 Answer book

ACTIVITY 2.1
CASH RECEIPTS JOURNAL OF KJs GENERAL TRADERS - March 2022 CRJ6
Analysis Cost of Sundry accounts
Doc D Details Bank Sales
of receipts sales Amount Details

EFT 1 Jay 25 000 25 000 Capital

EFT 2 Jay 3 000 3 000 Drawings

CRR
8-11
4 Sales 88 000 88 000 *

R19 4 Green Shops 6 000 * * Rent income

CRR
12-16
11 Sales * * 24 000

R20 11 Cash 7 500 * 7 500 Fee income

20
Gr 10 Accounting T1 Revision 2024 7 Answer book

CASH PAYMENTS JOURNAL OF KJs GENERAL TRADERS - March 2022 CPJ6

Trading Salaries Consumable Sundry accounts
Doc D Name of Payee Bank stores
stock & Wages Amount Details

EFT 2 Jay 5 000 5 000 Drawings

EFT 4 ACB Suppliers 90 000 75 000 *

Sundry
EFT 9 10 000 10 000
employees
CNA
EFT 15 * 60 000 2 800 Stationery
Wholesalers
Sundry
EFT 16 10 000 10 000
employees

20
Gr 10 Accounting T1 Revision 2024 8 Answer book

ACTIVITY 2.2
Dr. General Ledger of KJs General Traders Cr.
Loan: FBN Bank B3

Trading stock B5

Bank B7

Note: You do not have to balance Bank. Feel free to practice your balancing skills

Nominal accounts section

Fee income N3

Salaries & Wages N4

Bank Charges N8
Gr 10 Accounting T1 Revision 2024 9 Answer book

Insurance N9

Interest on Loan N10

28

ACTIVITY 2.3
Jay is not sure why some entries were made:
• Explain the original entry for the R3 000 in the CRJ on the 2nd.

• Explain why the R7 500 in the CRJ on the 11th did not appear in the Sales column.

• Explain why the document 'EFT' was used in both journals.

Gugu is only depositing the daily cash received every two weeks, although deposits are recorded
daily.
(a) Why should Jay be concerned about this practice? Briefly explain.

(b) Suggest TWO actions that Jay can introduce to prevent Gugu’s action in future.

12
Gr 10 Accounting T1 Revision 2024 10 Answer book

ACTIVITY 3
Cash Receipts Journal of EQ Stores - June 2021 CRJ 6
Debtor’s Sundry accounts
Analysis of Cost of Discount
Doc D Details Fol receipts
Bank Sales control
allowed
sales (Receipts) Amount Fol Details

30 Totals 23 200 16 000 12 000 5 000 150 2 200

10
 Gr 10 Accounting T1 Revision 2024 11 Answer book

Cash Payment Journal from EQ Stores - June 2021 CPJ 7

Creditor’s Sundry Accounts
Trading Consumable Discount
Doc D Details Fol Bank stores
control
stock (Payments) received Amount Fol Details

30 Total 35 200 19 000 4 500 8 500 600 3 200

14
Gr 10 Accounting T1 Revision 2024 12 Answer book

Dr. General Ledger of EQ Stores Cr.

Fixed deposit: CC Bank B4

Debtor’s control B6

Loan: GP Bank B8

Discount Received N17

Interest on overdraft N19

14
Gr 10 Accounting T1 Revision 2024 13 Answer book

ACTIVITY 4
4.1 (a)
(b)
(c)
(d)
(e)
(f)

4.2 Total Sales for April 2021

Workings Answer

4.3 Incorrect posting

Explanation

4.4 Correct Trading Stock balance (consider 4.3)

Workings Answer

5
Gr 10 Accounting T1 Revision 2024 14 Answer book

4.5 How to confirm the closing balance

4.6 Identify the financial statement

CREDIT TRANSACTIONS

ACTIVITY 1
1.

2.

3.

4.

5.

5
Gr 10 Accounting T1 Revision 2024 15 Answer book

ACTIVITY 2
Debtors Journal of Lucky Traders - March 2021 DJ 3
Inv no D Details / Debtors Fol Sales Cost of sales

(8)

Debtors Allowances Journal of Lucky Traders - March 2021 DAJ 3

C/N Debtor’s
D Details / Debtors Fol Cost of sales
no allowance

(5)
Debtors Ledger of Lucky Traders

S. Sardien D1
Date Details Fol Debit Credit Balance
2021
Mar
1 Account rendered 3 450

H. Harder D2
2021
Mar 1 Account rendered 2 890

(8)
Debtors list on 31 March 2021

Debtor list total

Debtors control balance (?)
(4)
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Gr 10 Accounting T1 Revision 2024 16 Answer book

ACTIVITY 3

Dr General Ledger of ABBA Traders Cr

Debtor’s control B4
2021
May
1 Balance b/d 2 800

Trading stock B5
2021
May
1 Balance b/d 7 300

Sales N1
2021
May
1 Total b/d 87 000

Debtors’ allowances N2
2021
May
1 Total b/d 1 400

Discount allowed N6

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Gr 10 Accounting T1 Revision 2024 17 Answer book

ACTIVITY 4

Creditors Journal of LIBERTY Traders - March 2021 CJ 1

Inv Creditor’s Trading Sundry
D Details Stationery Fol Details
no control stock accounts

GENERAL LEDGER OF LIBERTY TRADERS

Dr Creditor's Control B5 Cr

Equipment B6

Trading Stock B7

Stationery N5

Packing Material N6

(10)
Gr 10 Accounting T1 Revision 2024 18 Answer book

CREDITORS LEDGER OF LIBERTY TRADERS

Eksteen Traders C1
Date Details Fol Debit Credit Balance

Fishy Traders C2

Lesedi Traders C3

(8)

Creditors list on 31 March 2021

List of creditors (final total)

Creditor’s control (closing balance)

(5)

35

ACTIVITY 5

Creditors Allowance Journal of RYKE Traders --- March 2021 CAJ 1

D/N Creditor’s Trading Sundry
D Details Fol Stationery Fol Details
no control stock accounts

(16)
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Creditors Ledger of Rich Traders

Y. Sinoko C1
Date Details Fol Debit Credit Balance
2021
Mar
1 Account rendered 6 600

J. Gerber C2
2021
Mar
1 Account rendered 7 250

E. Kruger C3
2021
Mar
1 Account rendered 4 750

S. Badela C4
2021
Mar
1 Account rendered 6050

Creditors list on 31 March 2021

List of creditors (final total)

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Gr 10 Accounting T1 Revision 2024 20 Answer book

GENERAL JOURNAL
ACTIVITY 6
(narrations may be omitted)
GENERAL JOURNAL OF LARAH TRADERS FOR FEBRUARY 2022 GJ1
Debtor’s control Creditor’s control
D Details Fol Debit Credit
Debit Credit Debit Credit

30
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ACTIVITY 7.1
GENERAL JOURNAL OF LARAH TRADERS FOR FEBRUARY 2022 GJ1
Debtor’s control Creditor’s control
Day Details Dt Kt
Dt Kt Dt Kt

1 Total 490 236 630 300

(25)
ACTIVITY 7.2
Dr GENERAL LEDGER OF KOLISI TRADERS Cr
Trading Stock (B)
Gr 10 Accounting T1 Revision 2024 22 Answer book

Creditors Control (B)

Stationery (N)

(41)
ACTIVITY 7.3
Suggest THREE internal control measures that Kolisi Traders, the owner, could introduce to ensure
that the trading stock is well controlled

(4)
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Gr 10 Accounting T1 Revision 2024 23 Answer book

DEBTORS & CREDITORS RECONCILIATION

ACTIVITY 1 (Debtor’s reconciliation)
Debtors Control

DEBTOR’S LIST

25

ACTIVITY 2 (Debtor’s reconciliation)

2.1
No Debtors Control List of Debtors
Dr Cr Dr Cr
Balance
A
B
C
D

TOTAL

BALANCE

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Gr 10 Accounting T1 Revision 2024 24 Answer book

2.2 The bookkeeper wants to improve the payment received from debtors. Name TWO measures
she can introduce to encourage the debtors to settle their accounts on time.

2.3 Suggest THREE control measures that the bookkeeper can introduce to prevent debtors
outstanding debt being written off.

20

ACTIVITY 3 (Creditor’s reconciliation)

No Creditor’s control account List of Creditors
Balance 16 740 19 260
3.1
3.2
3.3
3.4
3.5
3.6
TOTAL

10
Gr 10 Accounting T1 Revision 2024 25 Answer book

ACTIVITY 4 (Creditor’s reconciliation)

4.1 Explain why the Creditors Control account balance and the Creditors list total should be
equal.

4.2 Corrections to the Creditors Control account on 30 September 2021

DETAILS DEBIT CREDIT
Balance on 1 September 2021 20 817
Credit purchases of stock 64 050
Journal credits 1 950
Bank and discount received 45 300
Total returns and allowances 10 662
Journal debits 5 280
Additional information (1)
(2)
(3)
(4)
(5)
(6)
(7)

TOTAL OF EACH COLUMN

Balance on 30 September 2021
Gr 10 Accounting T1 Revision 2024 26 Answer book

4.3 Corrections in the CREDITORS LIST on 30 September 2021

CREDITOR DEBIT CREDIT
Welsh Stores (8 665
Loubser Stores (3 343
Lawrence Traders (8 997
CJ Motors (5 360 -
Mbekwa Traders (- 350

22