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2023 Accounting Grade 10 Project - MG
2023 Accounting Grade 10 Project - MG
2023 Accounting Grade 10 Project - MG
ACCOUNTING GRADE 10
MARKING GUIDELINES
TERM 2
PROJECT
2023
Total 90
90 ÷ 1.8 = 50 marks
Divide learners mark by 1.8
14
1.1.3 CREDITORS ALLOWANCES JOURNAL OF MAX TRADERS FOR MAY 2023 CAJ5
Doc. Creditors Trading Stationery Equipment Sundry Accounts
No. D Details F Control Stock Amount F Details
4
1 Drawings 570
2 Repairs 8 500
4 L Davids 30 30
Interest on overdue
30
account
5 S Masebe 510 510
21
TOTAL MARKS
45
7
2.1.1
Dr TRADING STOCK B6 Cr
Date Details F Amount Date Details F Amount
2023 1 Balance b/d 83 000 2023 30 Cost of Sales CRJ 57 500
Apr Apr
30 Bank CPJ 30 400 Cost of Sales DJ 6 250
Creditors CJ 20 200 Creditors CAJ 5 100
Control Allowance
Petty Cash PCJ 1 200
Cost of Sales DAJ 1 250 Balance c/d 67 200
136 050 136 050
May 1 Balance b/d 67 200
15
2.1.2
Dr CREDITORS CONTROL B9 Cr
Date Details F Amount Date Details F Amount
2023 30 Bank & CPJ 21 600 2023 1 Balance b/d 22 000
Apr Apr
Discount
Received
Creditors CAJ 12 200 30 Sundry CJ 32 000
Allowance accounts
54 000 54 000
May 1 Balance b/d 20 200
2.1.3
NOMINAL ACCOUNTS SECTION
Dr SALES N1 Cr
8
TOTAL MARKS
29
D DALLY
Date Details Fol Debit Credit Balance
2023 1 Balance (account rendered) b/d 5 000
May
7 EFT CRJ 4 750 250
3.2.2 Which information must be verified by the owner of the business before approving
an application for credit purchases by customers? Provide TWO points.
Any Two valid points
New debtors must provide ID documents
Proof of residence
New debtors must provide three credit references which the debtors clerk must check for
good payment records
Debtors must provide proof of income e.g. salary slip
3.2.3 Provide THREE internal control measures that can be implemented to improve
collection from debtors.
Any three valid internal controls
Issue monthly statements in good time/timeously.
TOTAL MARKS
16