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    Grade 8 Paper 1 Marking Guideline Nov 2022. - 085511

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    vutshilaashton52
    The document is the exam paper for the Grade 8 District Examination in Financial Literacy in Mopani West District. It contains 4 questions assessing students' knowledge of financial concepts. Question 1 has multiple choice questions testing lower-order thinking. Question 2 involves journal entries and higher-order analysis. Question 3 requires students to complete T-accounts in a general ledger. Question 4 contains a trial balance for a business with debits and credits classified by type of account. The exam paper follows Bloom's Taxonomy to assess a range of cognitive levels.

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    Grade 8 Paper 1 Marking Guideline Nov 2022. - 085511

    Uploaded by

    vutshilaashton52
    914 views6 pages
    The document is the exam paper for the Grade 8 District Examination in Financial Literacy in Mopani West District. It contains 4 questions assessing students' knowledge of financial concepts. Question 1 has multiple choice questions testing lower-order thinking. Question 2 involves journal entries and higher-order analysis. Question 3 requires students to complete T-accounts in a general ledger. Question 4 contains a trial balance for a business with debits and credits classified by type of account. The exam paper follows Bloom's Taxonomy to assess a range of cognitive levels.

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    GRADE 8 PAPER 1 MARKING GUIDELINE NOV 2022._085511

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    The document is the exam paper for the Grade 8 District Examination in Financial Literacy in Mopani West District. It contains 4 questions assessing students' knowledge of financial concepts. Question 1 has multiple choice questions testing lower-order thinking. Question 2 involves journal entries and higher-order analysis. Question 3 requires students to complete T-accounts in a general ledger. Question 4 contains a trial balance for a business with debits and credits classified by type of account. The exam paper follows Bloom's Taxonomy to assess a range of cognitive levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    914 views6 pages

    Grade 8 Paper 1 Marking Guideline Nov 2022. - 085511

    Uploaded by

    vutshilaashton52
    The document is the exam paper for the Grade 8 District Examination in Financial Literacy in Mopani West District. It contains 4 questions assessing students' knowledge of financial concepts. Question 1 has multiple choice questions testing lower-order thinking. Question 2 involves journal entries and higher-order analysis. Question 3 requires students to complete T-accounts in a general ledger. Question 4 contains a trial balance for a business with debits and credits classified by type of account. The exam paper follows Bloom's Taxonomy to assess a range of cognitive levels.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    MOPANI WEST DISTRICT

    ECONOMIC AND MANAGEMENT SCIENCES


    GRADE 8
    DISTRICT EXAMINATION
    PAPER 1: FINANCIAL LITERACY
    November 2022
    Marks: 50 Time: 60 minutes

    BLOOM’S TAXONOMY AND MARKING GUIDELINES:

    BLOOM’S TAXONOMY
    QUESTION COGNITIVE LEVELS
    NO. LOWER ORDER MIDDLE ORDER HIGHER ORDER
    1 7 5 3
    2 3 12 2
    3 3 5 3
    4 1 4 2
    TOTAL 14 26 10
    REQUIRED % 30% 50% 20%
    ACTUAL % 28% 52% 20%

    1
    Question 1:
    1.1 C
    1.2 B
    1.3 A
    1.4 A
    1.5 D TOTAL Question 1.1: (5 x1=5)
    Question 1.2:
    1.2.1 C 
    1.2.2 E 
    1.2.3 D 
    1.2.4 A 
    1.2.5 B  TOTAL Question 1.2: (5 x1=5)
    Question 1.3:

    1.3.1 False 
    1.3.2 True 
    1.3.3 True 
    1.3.4 True 
    1.3.5 True 
    TOTAL Question 1.3: (5 x1=5)

    2
    3
    SECTION B: FINANCIAL LITERACY [35 MARKS]

    QUESTION 2.1.1: JOURNALS: CRJ AND CPJ

    1.1.1. Cash Receipts Journal of Alpha Accountants – October 2022 CRJ9


    Doc Day Details Fol Analysis of Bank Current Sundry Accounts
    No. receipts income Amount Fol Details

    095 02 M. Alpha 45 000 45 000 Capital 


    CRR 09 Cash 8 950 8 950 8 950
    096 15 P. Paulsen 2 200 2 200 2 200 Rent income 
    CRR 29 Cash 9 050 9 050 9 050
    65 200 18 000 47 200
    (9)

    2.1.2. Cash Payments Journal of Alpha Accountants – October 2022 CPJ9


    Doc Day Beneficiary Fol Bank Stationery Sundry Accounts
    No. Amount Fol Details

    EFT 04 The Council 1 250 1 250 Water and Electricity 


    EFT 11 Farmer Furniture 4 500 4 500 Equipment 
    EFT 22 M. Alpha 3 120 3 120 Drawings 
    EFT 30 Top Books 985 985
    9 855 985 8 870
    (8)

    4
    QUESTION 3: GENERAL LEDGER

    GENERAL LEDGER OF TOP PLUMBERS FOR OCTOBER 2022

    BALANCE SHEET ACCOUNTS SECTION

    3.1.1. BANK B4
    Date Details Fol Amount Date Details Fol Amount
    2022 2022
    Oct 1 Balance b/f 11 500 Oct 31 Total Payments  CPJ2 12 425
    31 Total Receipts CRJ2 49 110 31 Balance c/o 48 185
    60 610 60 610

    Nov 1 Balance b/f 48 185

    (7)

    3.1.2. Accounting Equation

    19 Aug 2022: Bought trading stock on credit R5 000.

    Day Source Document Assets Owner’s Equity Liabilities

    E.g.14 EFT -500 -500 0

    19 EFT -5 000 0 -5 000

    (4)

    5
    QUESTION 4: TRIAL BALANCE

    4.1. TRIAL BALANCE OF RIKA’S SALON ON 30 SEPTEMBER 2022

    FOLIO DEBIT CREDIT


    BALANCE SHEET ACCOUNTS SECTION:
    4.1.1.
    Capital B1 45 000
    Land and Buildings B2 48 000
    Equipment B3 9 500
    Bank B4 21 540
    4.1.2. Cash Float B5 1 000
    Loan B6 10 000

    4.1.6. NOMINAL ACCOUNTS SECTION:


    4.1.5.N1
    Current income  19 500
    Material cost N2 2 000
    Rent income N3 6 500
    Telephone N4 650
    Water and Electricity N5 4.1.4. 550
    Commission income N6 2 200
    Stationery N7 280
    Interest income N8 320

    4.1.3.
    83 520 83 520
    (7)

    TOTAL OF SECTION B: [35]

    GRAND TOTAL: [50]

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