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Grade 10 Accounting (ACC) March Test paper 1 and Memo - 2025 €2,60
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Grade 10 Accounting (ACC) March Test paper 1 and Memo - 2025

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Grade 10 Accounting (ACC) March Test paper 1 and memo - 2025. Topics covered in this paper: Question 1: Concepts and Analysis (30 marks, 25 min) Question 2: Cash Journals (55 marks, 50 min) Question 3: General Ledger and Internal control (15 marks, 15 min) This is a practice...

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Date: MARCH 2025
Time: 1 ½ HOURS (90 MIN)
Marks: 100
Grade: 10
Subject: ACCOUNTING
Paper: 1


Name and Surname:


General instructions for the writing of exams:

1. You are provided with a question paper and an answer sheet.
2. This question paper comprises of THREE compulsory questions.
3. Show ALL workings to earn part-marks.
4. A non-programmable calculator may be used.
5 All answers should be rounded off the nearest RAND.
6. A blue / black pen may be used.
7. Write neatly and legibly
8 Use the information in the table below as a guideline when answer questions.
Try not to deviate from it.


TIME
QUESTION TOPIC MARKS
ALLOCATED
1 Concepts and Analysis 30 25
2 Cash Journals 55 50
3 General Ledger and Internal control 15 15
100 90 min


Good luck with your exam!




Pg 1/6 www.summariessa.co.za Author: DAN SMI
MARCH
Grade: 10 Subject: ACCOUNTING Date:
2025

, QUESTION 1: CONCEPTS AND ACCOUNTING EQUATION

1.1 ACCOUNTING CONCEPTS

Match the terms in column A to fit the description in column B. Write
only the correct letter (A-E) next to the question number (1.1.1 –
1.1.5) in the answer book provided., for example 1.1.6 – G.

COLUMN A COLUMN B
Resources owned by a business
Accounting with economic value that can be
1.1.1 A
Equation converted into cash or provide
future benefits.
Original records that provide
1.1.2 Assets B
evidence of business transactions.
A financial report that shows a
Subsidiary
1.1.3 C company's revenues, expenses,
journals
and profits over a specific period.
A control method that ensures
Income that the balance sheet remains
1.1.4 D
statement balanced and is the foundation of
double-entry bookkeeping.
Specialized accounting records
Source
1.1.5 E used to log specific types of
documents
transactions.
(5 x 1)(5)

1.2 ANALYSIS OF TRANSACTIONS

REQUIRED:

Analyse the following transactions of BEKKA STATIONERS according to the
format provided in the ANSWER BOOK. Assume that the bank is favorable.

E.g Made an EFT payment to RCC Plumbers for repair work done
in the office building for R 6 560
1.2.1 The owner A. de Lange increased his capital contribution from R300
000 to R350 000. He deposited the money into the current bank
account.
1.2.2 Goods sold to a client, R95 000. These goods were sold at a mark-up
of 45%.
1.2.3 Buy Stationery for R850 from petty cash.
1.2.4 Purchased goods from Warehouse Builders for R55 000 subject to a
trade discount of 15%. Pay per EFT.
1.2.5 Receive EFT R19 800 from HONEST BANK for a fixed deposit that
matured. This amount included interest of 5%.

Pg 2/6 www.summariessa.co.za Author: DAN SMI
MARCH
Grade: 10 Subject: ACCOUNTING Date:
2025

, (25)

TOTAL QUESTION 1: 30 MARKS

QUESTION 2: CASH JOURNALS AND BANK ACCOUNT

2.1 KAKAMAS WHOLESALERS

The information provided was extracted from the accounting records
of Kakamas Wholesalers in January 2025. The business uses a
markup of 35%.



REQUIRED:

2.1.1 Record the transactions in the Cash Receipt Journal and the Cash
Payment Journal and total the journal correctly.
(50)

2.1.2 Post to the Bank Account in the General Ledger. Balance the account
properly at the end of January 2025.
(5)

The bank opening balance is R102 000



TRANSACTIONS FOR JANUARY 2025

Note: All payments are made per EFT. The reference number of the first
payment will start with EFT 001.

1 The owner Saskia du Toit made a payment of R65 000 to increase her
capital contribution. Issue receipt 001.

3 Receive a delivery note from Pretoria Shops and paid per EFT for the
following:
 Trading Stock R16 800
 Stationery R8 860

5 Purchase a new printer from Fast Suppliers, R3 000. Pay per EFT.

8 EFT made to Vodacom to pay the WiFi, R500

10 Cash sale according to the cash register roll, R38 000. Cost of sales
R18 900.

18 The business obtained a loan from Sanlam for R18 000. The money
was deposited into the current bank account.

20 An EFT was made to SANTAM for insurance, R3 900. This amount
Pg 3/6 www.summariessa.co.za Author: DAN SMI
MARCH
Grade: 10 Subject: ACCOUNTING Date:
2025

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