Financial Literacy Workbook
Term 3 - 2024
Grade 8
Name of learner:
Class:
___________________________
_________
Green Fingers Garden Services
Hello again Accountant!
It is me, Mr. Potty Plant. I am so glad that you are going to assist me with my
bookkeeping again. You sure know what you are doing. I hope you kept my previous
financial records safe, because you are going to need them to complete the next
questions I have for you.
Thank you for assisting me again!
Topic: Cash Receipt Journal of a service business
Activity 1: Completing a CRJ and Accounting Equation
______________
Date:
Green Fingers Garden Services
Month: May 2024
● Complete the Cash Receipts Journal of Green Fingers Garden Services.
● Use the following Analysis columns for the CRJ: Date, Document, Details,
Analysis of Receipts, Bank, (What was it for).
● Do not close off the journal.
● Assume that a month consist out of four weeks.
● Show the effect of all the transactions on the Accounting Equation.
Transactions:
1. The owner, Mr. Potty Plant, increased his capital contribution from R 150 000 to
R180 000. The money was directly deposited into the bank account of the
business.
4. Services were rendered according to the cash register roll, R3 600.
9. Mr. Appleseed wants to pay for his monthly garden services. The rate is R400
per week.
14. J. Grey paid the business R800 for the rent of equipment. Issue receipt no. 10
21. Services rendered according to the Cash register roll, R12 490.
Show the effect of the May 2024 transactions of Green Fingers Garden Services on
the Accounting Equation.
Activity 2: Completing a CRJ and Accounting Equation
______________
Date:
Green Fingers Garden Services
Month: June 2024
● Complete the Cash Receipts Journal of Green Fingers Garden Services.
● Use the following Analysis columns for the CRJ: Analysis of Receipts, Bank,
Current Income and Sundry Accounts.
● Do not close off the journal.
● Assume that a month consist out of four weeks.
● Show the effect of all the transactions on the Accounting Equation.
Transactions:
11
14
16
21
28
30
Services were rendered according to the cash register roll, R9 200.
Mr. Fig came to pay R600 for garden services rendered. Mr. Potty Plant then
gave him R100 discount.
Services rendered according to the cash register roll. R15 650.
The business won a local community award and received a R5 000 cash prize.
Issue a receipt to the City Business Chambers.
Services rendered according to the Cash register roll, R12 600
Received cash for two weeks of gardening services rendered @ R450 per
week.
Term 3
Topic: Cash Payment Journal
Activity 7: Concept of a Cash Payment Journal
1. What does CPJ stands for?
2. Name the source document that are used to complete a Cash Payment
Journal.
3. Study the transactions below and identify which source document will be used
and in which journal the transaction will be recorded.
Transaction
3.1 The business buys more trees to be planted.
3.2 Mr. Potty Plant pays the monthly rent.
3.3 Cash received for rendering garden services.
3.4 Mr. Plant buys his wife flowers for her birthday.
3.5 Received money for renting part of the building.
3.6 The bank charged the business with bank charges.
3.7 Buys a new delivery truck and pay cash.
3.8 Mr. Plant deposited cash in the business current account for capital
contribution
4. Briefly explain to Mr Plant the main differences between the Cash Receipts
Journal and the Cash Payments Journal.
You are ready to assist Mr. Potty Plant with his bookkeeping.
Term 3
Topic: Cash Payment Journal
Activity 3: Entering transactions in the CPJ
Green Fingers Garden Services
Month: January 2024
● Complete the Cash Payment Journal of Green Fingers Garden Services.
● Use the following Analysis columns for the CPJ 1: Bank, Wages, Material Cost,
Stationery and Sundry Accounts.
● Do not close off the journal.
Transactions:
3. The business issued an EFT to Greenside Plants for seeds and other gardening
material, R1 400.
7. Received a R2 000 EFT: R1 500 for Mr. Plant’s personal use and the balance for
wages.
11. Paid via Printing Stores for stationery costing R400 and equipment costing
R2 000.
14. Paid via EFT for the weeks’ wages, R500.
20. Paid via EFT to ADVO for advertising costing, R560.
Activity 4: Entering transactions in the CPJ
Green Fingers Garden Services
Month: February 2024
● Enter the following transactions in the Cash Payment Journal of the business.
● Provide the following analysis columns for the CPJ 2: Bank, Wages,
Consumables and Sundry Accounts.
● Do not close off the journal.
Transactions:
1.
5.
8.
10.
12.
Paid JC Equipment R20 000 for equipment for garden services via EFT.
Paid for petrol for lawnmowers via EFT, R300.
Paid wages, R2 300 (EFT)
Purchase fertilizer and seedlings from Greenhouse Nursery and sent an EFT
for R2 000 that evening.
Paid the municipality, R400 for water and electricity via EFT.
Purchased a printer cartridge from DC Stationers, R500.
Paid wages via EFT, R2 300.
Paid via EFT to Precious Khumalo for organic liquid fertilizer, R120.
Activity 5: Entering transactions in the CPJ
Date: ______________
Green Fingers Garden Services
Month: March 2024
● Record the following transactions in the Cash Payment Journal.
● Close off the Journal at the end of March.
● Use analysis columns for Bank, Packing Material, Equipment and Sundry
Accounts.
1. Bought packaging material seedlings from The Green Factory and issued EFT to
them, R750.
2. Paid via EFT for packing material bought from Arty Landscapers, R380. Issued
EFT to Makro for new spades and rakes. R3000. (Equipment)
4. Issued EFT to Mowing Madness for a new pair of prune scissors R400.
7. Mr. Plant’s wife bought traveling cases for an overseas trip. Issued a EFT to
Makro for, R950.
10. Paid via EFT for weekly wages R1 200.
.
Activity 6: Completing a CPJ and Accounting Equation
______________
Date:
Green Fingers Garden Services
Month: April 2024
● Record the following transactions in the Cash Payment Journal.
● Close off the Journal at the end of April.
Transactions for April 2024
1. Paid R6 000 to the City Council for the trading license via EFT.
2. Paid R7 000 to Arise Properties for rent for the month via EFT.
7. Bought equipment from Bloom Wholesalers and paid via EFT, R26 500.
9. Bought a cash register from Brent Traders and paid via EFT, R4 500.
11. Draw money for the cash float, R500.
12. Bought material costs from Sheena Traders and paid via EFT, R1 500.
16. Mr. Plant took cash for personal use, R500.
25. Paid the monthly insurance premium to Direct Insurers via EFT, R1 000.
28. Bought stationery from Fineline Stationers and paid via EFT, R1 500.
Show the effect of the following April 2024 transactions of Green Fingers Garden
Services on the Accounting Equation.
10. Bought a cash register from Brent Traders and paid via EFT, R4 500.
13. Draw money for the cash float, R500.
14. Bought material costs from Sheena Traders and paid via EFT, R1 500.
15. Paid wages via EFT for R900.
You are a genius! I think we should try completing a CRJ and CPJ together.
Activity 7: Completing a CRJ and CPJ
Month: July 2024
Green Fingers Garden Services
● Record the following transactions in the relevant cash journals for July 2024.
● Indicate at the end of each transaction if the transaction will be recorded in the
CRJ or CPJ.
● Complete the Cash Receipts Journal (CRJ7) for July 2024 with analysis
columns for Day, Doc, Det, AOR, Bank, (What was it for).
● Complete the Cash Payments Journal (CPJ7) for July 2024 with analysis
columns for Day, Doc, Details, Bank, (What was it for).
Transactions for July 2024
1. Mr. Plant made a direct deposit of R50 000 in the business current bank account
as capital contribution (Receipt 12).
3. Paid Sheffield Properties R3 500 for rent of the business premises (EFT).
5. Paid via EFT to Landscape Suppliers R9 400. R8 600 is for equipment and the
balance for consumables.
7. Draw cash of R4 000 to pay the staff wages.
11. Three customers had their gardens mowed and cleaned at a cost of R600 each
(CRR).
14. Paid staff their wages, R4 000.
16. Received R4 200 in total from seven happy customers.
18. Paid R400 to Fine Liners for an advertisement.
21. A good week led to 10 customers using his services, and each paid R600.
24. Paid wages, via EFT R 4 000.
26. Due to a good response from the advertisement, 20 customers each paid R600
for work completed.
28. Mr. Potty Plant needed more garden equipment; he paid R4 200 to Landscape
Suppliers.
30. Paid the weekly wages, R 4000
31. Issued an EFT of R1 200 to Telkom. R900 was for the business telephone and
the balance was for his private telephone.
Activity 8: Completing a CRJ and CPJ.
Green Fingers Garden Services
Month: August 2024
● Record the following transactions in the relevant cash journals for August
2024.
● Complete the Cash Receipts Journal (CRJ8) for August 2024 with analysis
columns for Day, Doc, Det, AOR, Bank, (What was it for).
● Complete the Cash Payments Journal (CPJ8) for August 2024 with analysis
columns for Day, Doc, Details, Bank, (What was it for).
Transactions for August 2024
2. Mr. Potty Plant inherited R500 000 from a very wealthy aunt. He decided to
invest half of it into his Gardening Service Business. Receipt 13 was issued to him.
4. Sent money via EFT to the City Council to pay the annual trading licence, R 400.
6. Bought a service car from Pikeo Motors and paid viay EFT, R 50 000
9. Sent an EFT to the Green House for the following:
two lawn mowers at R 2 000 each
one Gardening Fork @ R500
Waste bags, R50
11. Cash received for garden services rendered, R 3 500.
14. Bought stationery for the office form PNA, R720
18. Drew cash for the following:
Wages, R4 000
Donation to the Global Warming Fund, R 1 000
21. Cash received for services rendered, R10 340.
Mr. Plant decided to increase the capital contribution with another R10 000. Issue a
receipt.
25. Sent a EFT to Telkom for R 450 for the monthly business telephone bill.
28. Cash received for services rendered, R 10 390.
The owner pays Mario Repairs R1 500 for repair work done in his personal car.