Professional Documents
Culture Documents
GR9EMST2L2 Workbook
GR9EMST2L2 Workbook
EMS
LESSON 2: FINANCIAL LITERACY:
THE
WORKBOOK
WATCH
Use the QR code to watch the video
lesson, and complete the answers in
this answer book.
Scan QR code
Do
Write down the correct
answers in this answer
book.
SCAN QR
DO QUIZ
1
EXAMPLE 1:
Ikasi Kofu Company, they use a profit mark-up of 20% on cost. On the 4th Goods were
sold to Femi Traders for R4 800 on credit. Issued invoice no.57
DOC
DAY DEBTOR FOL SALES COST OF SALES
NO
CP
+PM
=SP
2
EXAMPLE 2:
On the 8th sold goods on credit for R3 600 to Hakim Suppliers.
DOC
DAY DEBTOR FOL SALES COST OF SALES
NO
CP
+PM
=SP
3
ACTIVITY 1:
On the 12 merchandise sold on credit to Lethabo Traders for R900.
On the 18 Issued an invoice to Siyabonga suppliers for goods delivered to him on Credit,
R1200.
DOC
DAY DEBTOR FOL SALES COST OF SALES
NO
CP
+PM
=SP
4
EXAMPLE 3:
Received R1500 on 2 March 2022 D Dakarai as partial payment on his account, issued
receipt 34.
Cash receipt journal of Ikasi Kofu company for March 2022 CRJ1
DIVERSE ACCOUNTS
DOC ANALYSIS OF DEBTORS
DAY FOL BANK
NO. RECEIPTS CONTROL
AMOUNT FOL DETAILS
5
E N D O F A C T I V I T Y
WELL DONE
Teachers Resource:
slideshow