Grade 9 EMS (Economics+Accounting) Summaries Term 4 (Via Afrika): These summaries are compiled using the Via Afrika textbook's Term 4 content on Economics. The summaries are in English, with additional notes provided by the compiler.
Contents:
The Economy
Topic 2: Entrepreneurship: The bus...
, • The CRJ records when the business receives money -
source document = cash register tape or receipts.
• Transactions related to debtors or creditors are • The CPJ records when the business pays money -
posted to subsidiary ledgers, DL, and CL daily. source document = cheque counterfoil, bank
• Journals are posted to General Ledger statement or EFT-voucher.
accounts.
• Debtors and creditors lists check the
correctness and completeness of the debtors
control and creditors control accounts. T1: Financial
• The trial balance is completed last. literacy:
Transactions -
cash and credit • The DJ records when the business sells
goods on account - source document =
duplicate credit invoice.
• The CJ records when the business buys
from a creditor on account - source
document = original credit invoice.
• The DAJ records goods returned by debtors - source
document = duplicate credit note.
• The CAJ records goods returned to creditors - source
document = original credit note or a duplicate debit
note.
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