Grade 9 EMS Final Examination 2023

EMS Final Examination Grade 9
Grosvenor Girls’ High School

Department:
Commerce
Economic and Management Sciences

PAPER 1
GRADE 9
NOVEMBER FINAL EXAMINATION - 2024
INSTRUCTIONS
This question paper consists of TWO sections:
1. Read each question carefully.
2. This paper must be completed in 2 hour.
3. Write neatly and legibly
4. Answer ALL questions on the answer sheets provided
5. Use the numbering format that appears on your question paper when answering.
6. Show all your workings where applicable.
Duration: 2 hours Marks: 70

Examiner: Miss V.S Ngiba Moderator: Miss C. Archery
SECTION QUESTIONS / TOPICS MARKS TIME
ALLOCATION ALLOCATION
A 1.1. Multiple Choice 5
Financial Literacy
1.2. Matching Columns 5 20 minutes
(10 Marks) 10
B Cash Journals 25
Financial Literacy General Ledger 5 50 minutes
30
(30 Marks)
C Accounting Equation 15 30
Financial Literacy Trial Balance 15 50 minutes
(30 Marks)
TOTAL 70 120 minutes
Page 1 of 5
SECTION A – SHORT QUESTIONS 10 MARKS
QUESTION 1
1.1 MULTIPLE CHOICE QUESTIONS
Four possible options are provided as answers to the following questions.

Choose one correct answer from the alternatives given. Write only the letter
indicating the correct answer next to the number on the answer sheet.
(5)
1.1.1. The amount paid by tenants is recorded in the …
A. General Ledger
B. Trial Balance
C. Cash Payments Journal
D. Cash Receipts Journal
1.1.2. Which one of the following will not be recorded in the Cash Payments Journal?
A. Cash purchases of equipment.
B. An increase in the capital contribution.
C. An employees’ wages.
D. Drawings by the owner.
1.1.3. Possessions of the business are known as ________________

A. Assets
B. Tax
C. expenses
D. investments
1.1.4. Which of the following is a balance sheet account?

A. Sales
B. Telephone
C. Stationery
D. Capital
1.1.5. Which account has a debit balance?

A. Capital
B. Creditors Control
C. Vehicles
D. Sales
1.2 MATCHING COLUMNS
Page 2 of 5
Choose a term in COLUMN B that matches the description in COLUMN A. Write only the
letter (A-F) next to the question numbers (1.2.1 to 1.2.5) in the space provided.
COLUMN A COLUMN B
1.2.1The money the owner invests in A Steps in the accounting cycle.
the business.
B Trading stock
1.2.2. Suppliers from which a
business by goods on credit. C A source document received for
buying goods on credit.
1.2.3. Protects the customer in the
credit market and makes credit and D Creditors
banking services more accessible.
E Capital
1.2.4. Transactions, source
documents, journals… F National Credit Act
1.2.5. Invoice
(5)
TOTAL SECTION A: [10]
SECTION B – CASH JOURNAL AND GENERAL LEDGER 30 MARKS
Page 3 of 5
QUESTION 2
Gasela Traders offer services for the repair of motor vehicles.

REQUIRED:
2.1 Record the following transactions in the Cash Journals.
2.1.1 Cash Receipts Journals: (10)

2.1.2 Cash Payments Journals: (15)
2.2 Prepare the Bank account in the General Ledger. NB: Balance brought forward (5)
is R84 000.
TRANSACTIONS FOR AUGUST 2021
1 The owner, Khwezi Gasela, deposited R500 000 DIRECTLY into the current bank account of the
business. Issued receipt no. 201 to the owner.
3 Issued EFT no. 400, to the Municipality for the trading license R600.
5 Purchased equipment form Tech Stores and paid by EFT no. 401, R36 000
8 Paid by EFT no. 403 for R150 to Prestige Stationers for stationery purchased.
12 Services rendered for cash, R18 000.
15 Received a loan from First National Bank for R50 000.
19 Purchased a vehicle from Hassen Garage and paid by EFT, R180 000.
Cash for wages, R4 500.
23 Cash for R12 000 was drawn by the owner, Khwezi Gasela, for personal use.
25 Received a direct deposit from Super Nails for rent for the month, R8 500.
Received cash for services rendered, R8 400
TOTAL SECTION B: [30]
SECTION C – ACCOUNTING EQUATION AND TRIAL BALANCE 30 MARKS
Page 4 of 5
QUESTION 3 ACCOUNTING
Show the effect of the transactions below on the accounting equation by completing the
table below.
TRANSACTIONS:
1. Example: The owner Marble Mall deposited R500 000 into the bank account.
2. Received R1 500 from a tenant, Gill Michaels.
3. Paid via EFT no.12 for packing material purchased R 5000

4. Paid R20 000 for equipment purchased.
5. Sold goods of R6 200 for cash. Cost price: R3 200.
QUESTION 4 TRIAL BALANCE (15)
4.1 Study the information below and answer the following questions.
Information
The bookkeeper of Top Stores has not compiled a trial balance as yet. He
tried to compile the trial balance, but it does not balance.
4.1.1 Study the incorrect trial balance above and compile the correct trial balance of Top
Stores on 31 August 31 August 2022.
TOTAL SECTION C: [30]
Page 5 of 5

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EMS Final Examination Grade 9

Grosvenor Girls’ High School

Economic and Management Sciences

Duration: 2 hours Marks: 70

TOTAL 70 120 minutes

SECTION A – SHORT QUESTIONS 10 MARKS

1.1 MULTIPLE CHOICE QUESTIONS

Four possible options are provided as answers to the following questions.

1.1.3. Possessions of the business are known as ________________

1.1.4. Which of the following is a balance sheet account?

1.1.5. Which account has a debit balance?

1.2 MATCHING COLUMNS

TOTAL SECTION A: [10]

SECTION B – CASH JOURNAL AND GENERAL LEDGER 30 MARKS

Gasela Traders offer services for the repair of motor vehicles.

2.1.1 Cash Receipts Journals: (10)

TRANSACTIONS FOR AUGUST 2021

TOTAL SECTION B: [30]

SECTION C – ACCOUNTING EQUATION AND TRIAL BALANCE 30 MARKS

2. Received R1 500 from a tenant, Gill Michaels.

3. Paid via EFT no.12 for packing material purchased R 5000

5. Sold goods of R6 200 for cash. Cost price: R3 200.

QUESTION 4 TRIAL BALANCE (15)

TOTAL SECTION C: [30]

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