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WorksheetsGrade 10 - GJ
Total questions: 10
Worksheet time: 16mins
Which entry is correct?
Charge J Thom, a debtor with R184 on his overdue account.
Debit J Thom and Debtors control and Credit Interest income
Debit J Thom and Credit Interest income
Debit Interest income and Credit J Thom and Debtors control
Credit J Thom and Debtors control
Which entry is correct? (We are posting for ABC Traders)
King Suppliers, a creditor, charge ABC Traders with interest of R280 on their overdue account.
Debit Interest expense and Credit King Suppliers and Creditors Control
Debit Debtors control and Credit King Suppliers and Creditors Control
Debit Credit King Suppliers and Creditors Control and Credit Interest expense
Debit Credit King Suppliers and Creditors Control and Credit Interest income
Which entry is correct?
The owner takes goods with a selling price of R600 and cost price of R400 for his own use.
Debit Trading stock R600 and Credit Drawings R600
Debit Trading stock R400 and Credit Drawings R400
Debit Drawings R600 and Credit Trading stock R600
Debit Drawings R400 and Credit Trading stock R400
Which entry is correct?
Donate stationery to the amount of R450 to a local crèche.
Debit Donations R450 and Credit Trading stock R450
Debit Trading stock R450 and Credit Donations R450
Debit Drawings R450 and Credit Trading stock R450
Debit Drawings R450 and Credit Donations R450
The bank returned a cheque for R1 200 which was received from M du Plessis marked “R/D – Insufficient funds”. The cheque was in settlement of his account of R1 250.
We will the discount allowed be cancelled?
GJ
CRJ
CPJ
DJ
The bank returned a cheque for R1 200 which was received from K Abel marked “R/D – Insufficient funds”.
Were will the amount received be cancelled?
GJ
CPJ
CRJ
DJ
Which entry is correct?
The total of the Wages column in the CPJ for R2 500 was incorrectly posted to the Salaries account.
Debit Wages R2 50 and Credit Wages R2 500
Debit Salaries R2 500 and Credit Salaries R2 500
Debit Wages R2 500 and Credit Salaries R2 500
Debit Salaries R2 500 and Credit Wages R2 500
Which entry is correct?
The cost of delivering goods to ABC Traders was entered in the Delivery Charges account, R 280.
Debit Delivery expense R2 500 and Credit Bank R2 500
Debit Bank R2 500 and Credit Delivery expense R2 500
Debit Trading stock R2 500 and Credit Delivery expenses
R2 500
Debit Delivery expenses R2 500 and Credit Trading stock
R2 500
Which entry is correct?
A cheque for R800 was issued for tyres for the delivery van. The amount was posted to the Vehicles account. Correct the error.
Debit Delivery expense R800 and Credit Vehicles R800
Debit Vehicles R800 and Credit Delivery expense R800
Debit Motor expenses R800 and Credit Vehicles R800
Debit Vehicles R800 and Credit Motor expenses R800
J Apsey was declared insolvent.
ABC Traders received a final dividend of 35 cent in the rand The R700 has been recorded and banked.
Write the balance off as irrecoverable.
What amount will be written off?
65 cents
R245
R1 300
R2 000
