Scribd Logo
Upload

Welcome to Scribd!

  • 93 views

    Accounting Grade 9: Balance Sheet

    Uploaded by

    Simthandile Nosihle
    ABC traders sells goods and services. The document provides transaction details for ABC traders for the month of May 2010, including a R50,000 deposit, goods sold for R7,200 and R5,340, rent received of R1,200, commission income of R900, and interest income of R90. The document sets up nominal accounts to track sales, cost of sales, fee income, commission income, interest income, and rent income for the month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Accounting Grade 9: Balance Sheet

    Uploaded by

    Simthandile Nosihle
    93 views2 pages
    ABC traders sells goods and services. The document provides transaction details for ABC traders for the month of May 2010, including a R50,000 deposit, goods sold for R7,200 and R5,340, rent received of R1,200, commission income of R900, and interest income of R90. The document sets up nominal accounts to track sales, cost of sales, fee income, commission income, interest income, and rent income for the month.

    Original Description:

    CPJ and CRJ

    Original Title

    Online1new

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    ABC traders sells goods and services. The document provides transaction details for ABC traders for the month of May 2010, including a R50,000 deposit, goods sold for R7,200 and R5,340, rent received of R1,200, commission income of R900, and interest income of R90. The document sets up nominal accounts to track sales, cost of sales, fee income, commission income, interest income, and rent income for the month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    93 views2 pages

    Accounting Grade 9: Balance Sheet

    Uploaded by

    Simthandile Nosihle
    ABC traders sells goods and services. The document provides transaction details for ABC traders for the month of May 2010, including a R50,000 deposit, goods sold for R7,200 and R5,340, rent received of R1,200, commission income of R900, and interest income of R90. The document sets up nominal accounts to track sales, cost of sales, fee income, commission income, interest income, and rent income for the month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    Accounting Grade 9

    Exercise 1

    ABC traders sells goods and services and applies a 50% markup on goods sold.

    1. M. Ntini, the owner of ABC traders deposited R50 000 cash into the business.

    3. Goods valued for R7 200 were sold.

    The tenant S. Pollock paid rent for the month, R1 200.

    6. Adidas paid R900 for commission services rendered by the business.

    9. Goods worth R5 340 were sold.

    The business received cash for fee income, R 2 200.

    20. Goods amounting to R6 420 were sold.

    29. Received interest income from Barns bank, R 90

    Doc. Day Details Analysis of Bank Sales Cost of Fee Sundry accounts
    No. receipts sales income Amt Fol. Details

    Balance sheet
    Capital B1

    2010 1 Balance b/d 100 000


    May
    1 Bank B2 50 000

    Bank B2

    2010 1 Balance b/d 65 000 2010 31 Total CPJ


    May May Payments
    2010 31 Total CRJ
    May Receipts
    Trading stock B6

    2010 1 Balance b/d 35 000


    May

    Nominal accounts
    Sales N1

    Cost of sales N2

    Fee Income N3

    2010 31 Bank B2 2200


    May

    Commission Income N4

    2010 6 Bank B2 900


    May

    Interest Income N5

    2010 29 Bank B2 90
    May

    Rent Income N6

    2010 3 Bank B2 1200


    May

    You might also like