VictoriaGrace
Girls’ Homeschool
High School
Saving
Grade 8 EMS Accounting
Source Documents
Term 1
2 Assignment
Total: 40 marks
Due Date – Friday 12th June 2020
Question 1
Identify in each of the following scenarios what source document(s) would be involved.
a) Sally buys a second-hand sewing machine for her sewing business from the pawnshop.
She pays with a cheque.
[2]
b) Xolisa goes to the bank to deposit the day’s takings.
[1]
c) Jimmy delivers a truckload of sand to a building site.
[1]
d) Thembi runs to the corner shop to get milk for the coffee to be served during the meeting.
[1]
e) At the end of the month a list of the transactions during the month is sent to clients.
[1]
f) Gerry pays the business’s water and electricity account with a cheque at the Pick n Pay till
point
[2]
g) Madeleine sends the driver to deliver flowers to a client. The terms are cash on delivery.
[2]
[Total:10]
Question 2
Read the information below about making out a receipt and do the exercise that follows.
The following information must be included on a receipt:
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•
•
•
•
Date
Receipt number
Name of business or business stamp
Name of person or business money is received from
Amount received (in words and as a figure)
What the money was received for
Signature of person who issues the receipt
Use the template below to issue a receipt to each of the persons described in the scenarios.
Your numbering starts at JCS01.
a) On 02 August 2010 you receive R150-00 from Mrs S Duvenhage for a table and chairs.
[6]
b) On 07 August 2010 you receive R900-00 from Mr I Pillay for a microwave oven.
[6]
Page 1 of 2
c) On 08 August 2010 you receive R450-00 from Mrs G Motaung for a carpet.
[6]
[Total: 18]
Template:
RECEIPT
Johnny’s Cash Store
No: _____
Date: __________
Received from: _______________________________________________________
the sum of:
_______________________________________________________
____________________________________________________________________
_________________
With thanks
R _________________
In payment of _________________________________________________________
Question 3
Write a paragraph in which you describe how to go about banking the takings of a business
into their bank account. Explain in detail how to make out the deposit slip.
[12]
Page 2 of 2