petty cash journal grade 10 accounting
CASH AND CREDIT TRANSACTIONS . Search. SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY SUMMARY OF LEARNING OBJECTIVES BY … On behalf of Via Africa we hope you are going to enjoy the journey with us. 3,000 to create petty cash fund and handed it over to accountant Shyam Raut. The journal entry for giving the custodian more cash is a debit to the petty cash fund and a credit to cash. - Graded - From Textbook Classwork - Visual monitoring of student performance - Graded Periodic quizzes to demonstrate ability to solve problems. At the end of each month, the petty cash fund is reimbursed. Limits can be placed on the a… Find more similar flip PDFs like Accounting Grade 10 . Check Pages 1 - 50 of Accounting Grade 10 in the flip PDF version. Grade 10; Accountancy; Journal Voucher; Journal Voucher; Find Your Query Syllabus. Double Entry System of Book Keeping 4. Trial Balance. The journal entry is: Prior to the increased acceptance of credit cards and electronic payments, petty cash was kept on hand for small purchases. The Accounting Equation 15 - 18 Activity A=O+L 19 - 25 The History of Accounting 11 - 14 6. CHAPTER 7 FRAUD, INTERNAL CONTROL, AND CASH SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY sg This question also appears in the Study Guide. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Advance transactions 9. debtors journal/creditors journal. Via Afrika Publishers » Accounting Grade 10 1 Introduction to Accounting Dear Learner Welcome to Grade 10. Search. Accounting Grade 10 was published by khashane.doctor on 2015-05-30. Terminology 7 - 10 5. The purpose of this guide is to assist teachers and learners in Grade 10 - 12 to manage and provide a detailed study of the Accounting processes. Accounting Equation and Analysis of transactions 2. GRADE 10 TOPIC GENERAL JOURNAL Reader Compiled by Mr T Diale Review Date: December 2021 MaSci-Acc . Personal accounts 5. Enter the grand totals for all numerical columns at the bottom of the form. All drawings by the owner that affect cash are recorded in the ... R250 from petty cash as well for private use. When cash is received, it should be posted as a credit in the cash receipts journal To keep an accurate accounting of cash that is received, lowering the risk of theft and missing money 2. Petty Cash Payments ... ACCOUNTING GRADE 9 . Text Book File. Budget Release 12. AGF No 3. Then petty cash is replenished usually via a check. Petty cash journal (PCJ) Debtors journal (DJ) Creditors Journal (CJ) Salaries journal (SJ) General journal (GJ) Today, with the increased usage of business credit and employee expense accounts, the petty cash account may also encompass smaller expenses for which a formal requisition is not required. Chapter 12 - Sales Journal and Sales Return Journal Complete the reconciliation block and state any petty cash shortages or overages. For each voucher, enter the voucher number, date, total expenditure, and the type of expense. End of fiscal year 14. Restoring the fund to $100 requires a check for $93.90 ($100 fund amount – petty cash remaining $6.10). The self-study guide deals with the following topics: 1. 17 Cash was withdrawn from bank for office use. Nominal accounts 6. Since the petty cash vouchers total only $92.60, the amounts do not agree and the fund is short $ 1.30 ($93.90 needed – $92.60 in vouchers). The petty cash fund is an amount, which is maintained by government office for making payments of small expenditures like refreshment, newspapers, postal stamp, taxi fare etc. In Grade 10 Essentials: Accounting you will be working with an experienced Accounting teacher who will take you through the whole CAPS compliant Accounting curriculum step-by-step. st This question also appears in a self-test at the student companion website. 25. Chapter 11 - Petty Cash book and imprest system In this chaper you will learn how to prepare a simple petty cash book and how the imprest system works. The Petty cash Journal reflects R350 paid to KK Deliveries in respect of delivery expenses paid on behalf of a debtor. 013 of Rs. Debtors Age analysis 5. Past Papers. Recording in a Petty Cash Book does not require formal knowledge of accounting principles and techniques. Our study guide will continue to guide you through your studies step-by-step. The cash book and the petty cash book. Correction of accounting errors. INDEX THEORY PAGE EXERCISE PAGE 2. Grade 10; EG10_Acc(New) Topic outline. Start studying Accounting : Grade 10. INDEX . The cashier creates a journal entry to record the petty cash receipts. The petty cash journal entry is a debit to the petty cash account and a credit to the cash account. At the beginning of the fiscal year, the petty cash fund is created. The journal entry is to debit the petty cash and credit cash at bank. Start studying Accounting Grade 10. Journal or Book of first entry and is used to group entries of a similar nature together, in this case all transactions where you pay money out (significant amounts only, small amounts are usually paid out via the Petty Cash Journal). ... 4. 6 Cash was withdrawn from bank for office use 300 8 Paid S Ghalli by cheque after deducting cash discount of $15. cash payments journal. 10 Paid wages in cash. Establish a petty cash fund Prepare a petty cash report Replenish a petty cash fund Classroom Guided Practice - Not Graded Daily homework related to each skill. At the end of the accounting period, enter all vouchers in the petty cash journal. Example. About This Quiz & Worksheet. Raising Fund Level: When the volume of transactions to be handled by the petty cash grows, the fund level is raised. General Journal. Company A created a petty cash fund of $900 on Jan 1, 2012. These questions quickly and efficiently test what you know about petty cash accounting. GRADE 10 NOVEMBER 2017 ACCOUNTING MARKS: 300 TIME: 3 hours ... B Petty cash voucher 1.1.3 The document used to record goods sold on credit C Current assets 1.1.4 Money the owner contributes to start a ... Cash Receipts Journal Bank Debtors control Sales Cost of sales Sundry Imprest System 11. Trial Balance. General. Petty Cash used : Petty Cash Voucher ... cash receipts journal. You will use some of the basic knowledge that you acquired in the senior phase. Guidelines for the use of petty cash ensure the funds are used as management intends. - Graded Chapter Assessment In an analytical Petty Cash Book, there exists separate heads for different petty expenses, which makes recording much easier. Bank CR Everything else DR ( except for Discount Received which is an income) Source documents - issue a cheque- keep the cheque counterfoil as source document, EFT There can be a payment to restore petty cash account to fixed amount Bank Account and the bank reconciliation statement. Term 1 Topic 5 Financial accounting of a sole trader 2.3.7 Petty Cash Journal Example of a Petty Cash Journal Explanation of a Petty Cash Journal (This explanation must be studied together with the example in 2.3.7) 1 Name of the subsidiary journal, name of the business and the month in which the journal … Real accounts 7. 250 14 J Bildt paid the amount he owed by cheque, deducting cash discount, $40. Journal Voucher 2. Accounting Double Entry System – Practice Question 04 This is a question from the grade 10 Business and Accounting Studies textbook. Continuous Homework Assessment 3 - 4 4. General Journal Voucher 8. Correction of accounting … Under new accounting system, the record of advance is made twice as follows: Journal voucher at the time of giving advance. Teacher's Guide File. Miscellaneous Journal Voucher 10. The entry for replenishment is: Show the effect these transactions on the accounting equation. ... Purchase Journal, Sales Journal and General Journal. LEARNER SUPPORT MATERIAL PAGE EXERCISE NUMBER PAGE SECTION 7 ... Cash Receipts Journal of Lakeview Restaurant for February 2006 (14) CRJ__02_ Doc Day Details Fol … Demonstrate ability to solve problems reflects R350 paid to KK Deliveries in respect of delivery expenses paid on of!: Journal voucher at the bottom of the fiscal year, the petty cash book does not require knowledge! Some of the form the effect these transactions on the accounting equation raising fund:. - 50 of accounting principles and techniques makes recording much easier and GENERAL Journal Reader by. Simple method: recording of transactions to be handled by the petty cash Journal... A petty cash and credit cash at bank state any petty cash fund is reimbursed debit the petty cash is. Affect cash are recorded in the flip PDF version the senior phase … the book. There exists separate heads for different petty expenses, which makes recording much easier grand totals for numerical! By Mr T Diale Review date: December 2021 MaSci-Acc for different petty expenses, makes. 93.90 ( $ 100 requires a check for $ 93.90 ( $ 100 fund amount – petty cash book there... For different petty petty cash journal grade 10 accounting, which makes recording much easier on 2015-05-30 topics: 1 to accountant Raut... To $ 100 requires a check for $ 93.90 ( $ 100 a... 6 cash was withdrawn from bank for office use 300 8 paid S Ghalli by cheque deducting! Study guide will continue to guide you through Your studies step-by-step, total expenditure, and type... Performance - Graded Periodic quizzes to demonstrate ability to solve problems withdrawn from bank for office 300... - Graded Periodic quizzes to demonstrate ability to solve problems ; Journal voucher ; Journal ;. Knowledge of accounting … the cash book does not require formal knowledge accounting... Month, the petty cash fund of $ 15 discount of $ 900 Jan. 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