WEST BANK HIGH SCHOOL
ECONOMIC AND MANAGEMENT SCIENCES
GRADE 8
JUNE CONTROLLED TEST
PAPER 1
TERM 2
2022
MARKS 50
TIME
1 hour
EXAMINER
MODERATOR
MR J VALENTINE
MR T DE RIDDER
INSTRUCTIONS:
1. Answer ALL the questions.
2. Answer ALL QUESTIONS on the annexures provided.
3. Read the questions carefully.
4. Number each question exactly as it appears on the question paper.
5. Write in BLUE or BLACK ink only.
6. Write neatly and legibly.
7. Non-programmable calculators may be used.
QUESTION 1
10 MARKS
For each of the following sentence’s, state whether they are TRUE or FALSE. If false, give the correct
answer.
NOTE: Use Annexure A to answer this question.
1
1.1
When customers pay for a service, the business will give them a CRT.
1.2
When tenants pay rent, the business will give them a CRT.
1.3
When the business makes a direct deposit, it will be shown in the Analysis of receipts column.
1.4
At the end of the month, the total of the bank column must equal the total of all the other
columns.
1.5
If a business receives money, it does not need to record it in the CRJ.
(5 X 2=10)
QUESTION 2
30 MARKS
Use the transactions below and complete the Cash receipts journal of NF Accounting Services for May
2022.
NOTE: Use Annexure B to answer this question.
1
The owner made a deposit of R 75 000 into the bank account of the business (Rec 01).
4
Two customers paid Mr NF R 450 each for accounting services (CRT 1-2).
7
Mr Ratties paid R1200, as Mr NF had given him some tax advice.
NF accounting services received R250 in interest from a savings accounting they have at SANBS
Bank.
10 Received R3100 from five customers for services completed.
14 Received current income from three customers which amounted to R 12 000.
21 Miss Zuma, a new tenant, made her first rent payment of R 4 500 to Mr NF.
26 Mr NF gave more customers advice and received current income of R 9350.
30 The month ended with current income of R 7800.
QUESTION 3
Use the transactions above (QUESTION 2) to complete the Accounting Equation.
NOTE: Use Annexure A to answer this question.
10 MARKS
TOTAL: 50 MARKS
NAME AND SURNAME …………………………………………………….
ANNEXURE A
QUESTION 1 / VRAAG 1
1
1.1
1.2
1.3
1.4
1.5
(5 X 2 = 10)
QUESTION 3 / VRAAG 3
NO /
NR
ASSETS / BATES =
10 MARKS
OWNERS EQUITY / EIENAARS BELANG +
LIABILITIES / LASTE