EKURHULENI SOUTH DISTRICT
GRADE 10
ACCCOUNTING
CONTROLLED TEST 3
ANSWER BOOK
SEPTEMBER 2022
SURNAME: _______________________________
NAME: __________________________________
CLASS: ________
DATE: ______________
SCHOOL: ________________________________
QUESTION MARKS MARKER MODERATOR
1 50
2 50
TOTAL 100
This answer book consists of 4 pages (including the cover page).
1
QUESTION 1
INCOME STATEMENT OF MBELE TRADERS FOR THE YEAR ENDED
30 June 2022
Sales (340 230
Cost of sales
Gross profit
Other operating income
Rent income
Gross operating income
Operating expenses
Salaries (82 500
Telephone (3 420
Operating profit
Interest income 6 000
Profit before interest expense
Net profit for the year
TOTAL MARKS
50
2
QUESTION 2 CONCEPTS, STATEMENT OF FINACIAL POSITION AND NOTES
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.5 5
2.2.1 PREPARE THE FOLLOWING NOTES TO THE BALANCE SHEET FOR THE YEAR
ENDED 28 FEBRUARY 2022:
FIXED ASSETS
Land and
Vehicles Equipment
Buildings
Carrying value at the
beginning
Cost price 53 000
Accumulated
(34 640)
Depreciation
Movement:
Addition at cost price 0
Depreciation
Carrying value at the
370 000
end
Cost price 370 000 320 000 53 000
Accumulated
depreciation 14
OWNERS EQUITY
3
2.2.2 BALANCE SHEET OF ZIKALALA TRADERS ON 28 FEBRUARY 2022
ASSETS
NON-CURRENT ASSETS
Fixed assets
CURRENT ASSETS
TOTAL ASSETS
EQUITY AND LIABILITIES
NON-CURRENT LIABILITIES
CURRENT LIABILITIES
Trade and other payables
(12 446
TOTAL EQUITY AND LIABILITIES 26
TOTAL MARKS
50
