Republic of Namibia

MINISTRY OF EDUCATION, ARTS AND CULTURE

JUNIOR SECONDARY PHASE

ACCOUNTING SYLLABUS

GRADE 8 & 9

For implementation:

Grade 8 in 2025
and
Grade 9 in 2026
Ministry of Education, Arts and Culture
National Institute for Educational Development (NIED)
Private Bag 2034
Okahandja
Namibia

© Copyright NIED, Ministry of Education, Arts and Culture, 2024

Accounting Syllabus Grade 8 & 9

ISBN: 978-99945-2-513-3

Printed by NIED
Website: http://www.nied.edu.na

Publication date: December 2024

 Table of contents
1. Introduction .................................................................................................................1
2. Rationale.....................................................................................................................1
3. Aims............................................................................................................................1
4. Inclusive education .....................................................................................................2
5. Links to other subjects and cross-curricular issues .....................................................2
6. Approach to teaching and learning ..............................................................................3
7. End-of-phase competencies........................................................................................4
8. Summary of the learning content ................................................................................4
9. Learning content .........................................................................................................5
10. Assessment ..............................................................................................................22
10.1 Types and methods of assessment ...........................................................................22
10.2 Grade descriptors .....................................................................................................23
10.3 Assessment objectives..............................................................................................24
10.4 Continuous assessment: detailed guidelines .............................................................25
10.5 End-of-year examinations: detailed guidelines ........................................................26
10.6 Specification grid.......................................................................................................27
Annexe 1: Glossary of terms ...............................................................................................27
Annexe 2: Format of a cash book........................................................................................34
Annexe 3: Format of a petty cash book ...............................................................................35
Annexe 4: Format of a debtors journal & debtors returns journal .........................................36
Annexe 5: Format of creditors journal & creditors returns journal ........................................36
Annexe 6: Format of a general journal ................................................................................36
Annexe 7: Format of a wages journal ..................................................................................37
Annexe 8: Format of a general ledger .................................................................................38
Annexe 9: Format of a debtors ledger .................................................................................39
Annexe 10: Format of a creditors ledger ...............................................................................39
Annexe 11: Format of a trial balance .....................................................................................40
Annexe 12: Format of a trading account and profit and loss account ...................................41
Annexe 13: Format of an income statement of a trading business ........................................42
Annexe 14: Format of a statement of financial position .........................................................43
Annexe 15: Setting and marking guidelines for js accounting ................................................44
Annexe 16: Guidelines on projects ........................................................................................ 48
Annexe 17: Assessment record sheet for Grade 8 ................................................................ 53
Annexe 18: Assessment record sheet for Grade 9 ................................................................ 53
1. INTRODUCTION

This syllabus describes the intended learning and assessment for Accounting in the Junior
Secondary phase. As a subject, Accounting is within the commerce area of learning in the
curriculum, but has thematic links to other subjects across the curriculum. The Commerce
learning area is a skills-focussed area which is central to the economic development of a
knowledge-based society. Learners acquire and apply commercial knowledge in practical
situations and develop the particular communication skills and the work attitudes and practices
which are essential in effective business life.

2. RATIONALE

Accounting is the recording of financial transactions of an individual or a business enterprise.

Knowledge of Accounting is essential to familiarise all learners with the importance and
interpretation of business documents and procedures. The recorded information serves as a
basis for decision making in financial management.

The particular features of Accounting at this phase are to equip learners with the knowledge
about and the skill to draw up and interpret a set of books, completing the whole accounting
cycle from source documents through to financial statements, create in learners an attitude of
accuracy, orderliness, neatness, thoroughness and disciplined working methods and cultivate
in learners an understanding and appreciation of the value and importance of accounting for:
personal use, as preparation for a career, as incentive for further study, to encourage worthy
citizenship and to contribute to the national welfare of Namibia.

3. AIMS

Accounting promotes the following aims in the curriculum:

• equip learners with knowledge and an understanding of accounting principles, rules and
procedures
• develop learners’ abilities to interpret recorded data
• develop the logical thought processes and the analytical abilities of learners so that they
can apply their knowledge of accounting in their everyday lives
• encourage attitudes of accuracy, orderliness, neatness, thoroughness and disciplined
working methods
• reconcile acquired knowledge with general accounting practice
• equip learners with the necessary skills and knowledge to complete a set of books of a
sole trader
• instil in the learner self-discipline, diligence and a sense of responsibility to encourage
worthy citizenship
• make learners aware that knowledge of this subject will contribute to the national welfare
of Namibia
• cultivate in learners an understanding and appreciation of the value and importance of
accounting for: personal use, as a preparation for a career and as an incentive for
further study
• prepare learners for self- employment and to be entrepreneurs so that they can create
job opportunities
• create awareness on social issues, e.g. corruption and problems related to HIV and
AIDS and environmental problems.

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4. INCLUSIVE EDUCATION

Inclusive education is the right of every learner and promotes access to and participation in
the full range of educational programmes and services offered by the education system in
mainstream schools. It is based on the principle of supporting and celebrating the diversity
found among all learners and removing all barriers to learning. The Accounting teacher in the
Junior Secondary phase should therefore accommodate learners with special educational
needs by adapting this syllabus to the needs of the learner through differentiation of teaching
methods and material as indicated in Inclusive Education Curriculum Framework (2023). The
adaptation for assessment of learners with special educational needs must be done as
prescribed in the Handbook for Centres (2022) by the Directorate of National Examinations
and Assessment (DNEA). The accommodations prescribed in this handbook are not only for
external examinations, but apply to learners from Grades 1 to 12.

Learners who are so severely impaired that they cannot benefit from attending mainstream
schools will be provided for according to their needs in learning support units, resource units
or resource schools until such time that they can join a mainstream school structure, if possible.

This syllabus promotes equality of opportunity for males and females, enabling both sexes to
participate equally and fully. Accounting teachers should know and understand how to treat
learners equally and all materials should support gender equity. During presenting the
Accounting teachers should be gender sensitive and balanced.

5. LINKS TO OTHER SUBJECTS AND CROSS-CURRICULAR ISSUES

The cross-curricular issues include environmental learning, HIV and AIDS, population
education, Education for Human Rights and Democracy (EHRD), information and
communication technology (ICT) and road safety. These issues have been introduced to the
formal curriculum, because each of the issues deals with particular risks and challenges in our
Namibian society. They should be dealt with across all phases and in every subject where the
topics overlap with the content of that subject.

All of our learners need to:

• understand the nature of these risks and challenges
• know how they will impact our society and the quality of life of our people now and in
the future
• understand how these risks and challenges can be addressed on a national and global
level
• understand how they can play a part in addressing these risks and challenges in their
own school and local community

The main risks and challenges have been identified as:

• the challenges and risks we face if we do not care for and manage our natural resources
• the challenges and risks caused by HIV and AIDS
• the challenges and risks to health caused by pollution, poor sanitation and waste
• the challenges and risks to democracy and social stability caused by inequity and
governance that ignores rights and responsibilities
• the challenges and risks we face if we do not adhere to road safety measures
• the challenges and risks we face because of globalisation

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Cross- Environmen HIV and ICT EHRD Population Road safety
curricular tal learning AIDS education
issues
Grade 8 & 9 Since some subjects are more suitable to address specific cross-curricular
issues, those issues will receive more emphasis in those particular syllabuses.
In Accounting the cross-curricular issues might appear incidentally in
transactions.

6. APPROACH TO TEACHING AND LEARNING

The approach to teaching and learning is based on a paradigm of Learner-Centred Education

(LCE) described in ministerial policy documents and the Learner-Centred Education
conceptual framework. This approach ensures optimal quality of learning when the principles
are put into practice.

The aim of Learner-Centred Education is to develop learning with understanding, and to impart
the knowledge, skills and attitudes that contribute to the development of society. The starting
point for teaching and learning is the fact that the learner brings to the school a wealth of
knowledge and experience gained continually from the family, the community, and through
interaction with the environment. Learning in school must involve, build on, extend and
challenge the learner’s prior knowledge and experience.

Learners learn best when they are actively involved in the learning process through a high
degree of participation, contribution and production. At the same time, each learner is an
individual with his/her own needs, pace of learning, experiences and abilities. The teacher
must be able to identify the needs of the learners and the learning that still needs to take place,
and know how to shape learning experiences accordingly. Teaching strategies must therefore
be varied and flexible within well-structured sequences of lessons.

The teacher must decide, in relation to the general and specific objectives to be achieved,
when it is best to convey content directly; when it is best to let learners discover or explore
information for themselves; when they need directed learning; when they need reinforcement
or enrichment learning; when there is a particular progression of skills or information that needs
to be followed; or when the learners can be allowed to find their own way through a topic or
area of content.

In Accounting Learner-Centred Education implies that:

• interaction between the teacher and learners, but also learners among themselves will
take place
• learners demonstrate the ability to perform allocated tasks, which will develop the skills
underlying the subject
• learners will show initiative in allocated tasks
• learners are able to work and think independently

Learner-centred activities could include for example enquiry-based tasks, role-play and topic
tasks which can be assessed as part of continuous assessment.

Accounting will be most relevant and meaningful for learners if it is used in relation to their
immediate environment. Although Accounting is universal, it is only by local contextualisation
and application that learners will understand and appreciate the uses of Accounting. Where
textbooks can only give general Namibian examples, it is up to the teacher to use local
examples (from their own town/village) instead.

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7. END-OF-PHASE COMPETENCIES

On entry to the Junior Secondary phase, all learners are expected to be able to do basic
calculations and have incidental accounting knowledge.

A few learners will just be able to manage the minimum and must receive compensatory
teaching through adapted teaching approaches, adapted materials and assistance from peers.
A small number of learners have special educational needs to a degree which requires greater
individual attention, resources or assessment. Others will have impairments which do not
necessarily limit cognitive and affective learning and development, e.g. the visually impaired,
hearing impaired and physically challenged. Learners who are blind may have a challenge to
study Accounting as they cannot see and order information according to the formats used in
the drawing up of books and statements.

On completion of the Junior Secondary phase, learners are expected to be able to interpret
and complete simple business documents, know and apply the accounting concepts, principles
and procedures when recording data of a sole trader manually.

8. SUMMARY OF THE LEARNING CONTENT

Grade 8 Grade 9

1. Basic concepts and terminology 1. Basic concepts and terminology - recalling of

acquired knowledge
2. Recording cash transactions of a trading 2. Recording transactions of a trading business
business • extension of cash transactions in
• 2-Column Cash Book • 3-Column Cash Book
• Petty Cash Book • credit transactions in Debtors Journal,
• Wages Journal Creditors Journal, Debtors Returns
• posting to General Ledger Journal, Creditors Returns Journal
• General Journal transactions
• posting to Ledgers
- General Ledger
- Debtors Ledger
- Creditors Ledger
• draw up Lists of Debtors and Creditors
3. Theory on Trial Balance and draw up a Trial 3. Draw up a Trial Balance (including Post-
Balance closing Trial Balance)
4. - 4. Adjustments
5. - 5. Closing transfers and final accounts
6. Financial Statements - trading business 6. Financial Statements - trading business

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9. LEARNING CONTENT

Introduction to learning content

The learning content outlined below is designed to provide guidance to teachers as to what will be assessed in the overall evaluation of
learners. It is not meant to limit, in any way, the teaching programme of any particular school.

Topics and sub-topics refer to those components of the subject which learners are required to study/master.
The general objectives are derived from the topics and are the general knowledge, understanding and demonstration of skills on which learners
will be assessed.
The specific objectives are the detailed and specified content of the syllabus, which learners need to master to achieve the general objectives,
and on which they will be assessed. For skills-based subjects, specific objectives indicate what learners should be able to do at the end of the
year.

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9.1 Learning content for Grade 8 & 9

TOPIC 1: BASIC CONCEPTS AND TERMINOLOGY

GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand the purpose and • define the word “transaction” • identify and describe the different accounting
nature of accounting • describe the concepts: concepts and terminology including:
- source documents - source documents
- assets - double entry principle
- opening and closing inventory - assets
- income earned - opening and closing inventory
- expenses incurred - liabilities
- profit/loss as a result of transactions - owner’s equity
- liabilities - business entity
- owner’s equity - sales/other income
- business entity - purchases/expenses
- identify types of business activities: - gross- and net profit
services rendered and trading
• explain the concepts by means of a purchase
and sales transaction
• be introduced to different types • define and give examples of assets including: • define and give examples of assets including:
of accounts - non-current assets: land and buildings, - non-current assets: land and buildings,
vehicles, equipment vehicles, equipment
- current assets: inventory, bank, cash, petty - investments: fixed deposits
cash, cash float - current assets: debtors
• classify all property in a business into either non-
current or current assets

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TOPIC 1: BASIC CONCEPTS AND TERMINOLOGY (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• be introduced to different types • define and give examples of owner’s equity • define and give examples of owner’s equity
of accounts (continued) accounts e.g. capital and drawings accounts e.g. capital and drawings
• define and give examples of liabilities • define and give examples of liabilities, including:
- non-current liabilities: loan
- current liabilities: creditors and bank overdraft
• define and give examples of income including: • define and give examples of income including:
sales, rent income, commission received interest on current account, interest on fixed
deposit, interest received, bad debts recovered
and discount received
• define and give examples of expenses, including: • define and give examples of expenses, including:
- purchases - carriage inwards/carriage on purchases,
- other expenses e.g. telephone, rent expense, interest on loan, interest paid, interest on
salaries overdraft, discount allowed, bad debts and
bank charges
• distinguish between balance sheet accounts:
assets, owner’s equity and liabilities
• distinguish between nominal accounts: income
and expenses

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TOPIC 1: BASIC CONCEPTS AND TERMINOLOGY (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:
• understand the effect of all • describe the double entry principle
transactions on the accounting • describe the following concepts and terminology:
equation - account
- debit entry
- credit entry
- “T”-account
• state the basic accounting principles:

Dr Capital Cr
- +
Dr Drawings Cr
+ -
Dr Assets Cr
+ -
Dr Liabilities Cr
- +
Dr Income Cr
- +
Dr Expenses Cr
+ -
• apply the above basic accounting principles in • apply the basic accounting principles in relation to
relation to the following transactions: the following transactions:
- capital contribution - all receipts by cash or bank transfers from
- drawings by the owner debtors and discount allowed
- cash purchases and cash sales - all payments by cash, bank transfers or debit
- purchase of non-current assets card to creditors and discount received
- paying for operating expenses - loans and interest on loan
- other income received - fixed deposit and interest on fixed deposit
- deposit cash into the bank - interest on overdraft
- drawing money for cash float - credit purchases and credit sales
- withdrawal of cash for business use - returns of goods from debtors

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TOPIC 1: BASIC CONCEPTS AND TERMINOLOGY (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:
• understand the effect of all - returns of goods to creditors
transactions on the accounting - carriage inwards/carriage on purchases
equation (continued) - carriage outwards/carriage on sales
- Interest on current account
- bad debts and bad debts recovered
- interest on overdue accounts (interest
received and interest paid)
- drawings of inventory for personal use
- donation of goods or assets
- purchase of non-current assets on credit
expenses on credit
• indicate the effect of cash transactions on the • indicate the effect of cash transactions on the
accounting equation accounting equation:
A=O+L A=O+L
A = Assets O=A–L
O = Owner’s Equity L=A–O
L = Liabilities

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TOPIC 2: RECORDING OF TRANSACTIONS
Sub-topic 2.1: Cash transactions
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand and apply the • describe the concepts and terminology of:
concepts and terminology of: - trading
- trading - cash purchases
- cash purchases - cash sales
- cash sales - cash drawings by owner
- source documents - source documents
- a banking system - describe the working of a basic current bank
- the Cash Book account (including bank transfers, debit card
payments and receipts and credit card receipts)
- explain the concept Cash Book by means of an
example
• understand the periodic • explain the periodic inventory system
inventory system
• realise and learn about the • explain the purpose of: • explain the purpose of a proof of payment for
different source documents - a receipt debit cards, credit cards and bank transfers
- a cash register roll (CRR)
- a deposit slip
- proof of payment (POP) for debit card
transactions and bank transfers (to be re-
numbered)
- bank statement
• complete a receipt and a deposit slip
• understand the Cash Book • explain the different columns of the two column • explain the different columns of the three column
Cash Book: Cash and Bank Cash Book: Cash, Bank and Discount Allowed
(dr.)/Discount Received (cr.)
• distinguish between cash and trade discount

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.1: Cash transactions (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand the Cash Book • complete the Cash Book by recording all money • explain and record transactions about the
(continued) received and paid, including the following types of following in the Cash Book and post to the
transactions1: ledgers:
- capital contribution by owner - cash purchases including trade discount
- cash sales - all receipts by cash or bank transfers from
- rent received debtors and discount allowed
- purchasing of inventory and other operating - all payments by cash, bank transfer or debit
expenses, e.g. wages, water and electricity card to creditors and discount received
- purchasing of other assets, e.g. land and - loans and interest on loan
buildings, equipment and vehicles - fixed deposits and interest on fixed deposits
- depositing cash into the bank
• distinguish between carriage inwards and carriage
- cash drawings by owner
outwards
- drawing money for cash float
- withdrawal of cash for business use • explain and record carriage on purchases/carriage
(Annexe 2) inwards and carriage outwards and do the posting
• explain and record debit and credit card sales in
the Cash Book and do the posting
• distinguish between bad debts and bad debts
recovered
• explain and record bad debts recovered in the
Cash Book and do the posting
• identify the source documents for all the above • identify the source documents for all the above
transactions transactions

1 NOTE: All money received by debit card will be entered in the bank column on the debit side and the source document will be a duplicate receipt.
All money received by EFT will be entered in the bank column on the debit side and the source document will be the bank statement (B/S).
All payments by debit card or EFT will be entered in the bank column on the credit side and the source document will be the re-numbered proof of payment (POP).
Withdrawals by debit card for cash float or petty cash will appear in the bank column on the credit side and the source document will be the bank statement (B/S).
Withdrawal for cash to be used in the business will be a contra-entry. Cash will be debited and bank credited. Source document is a bank statement (B/S).

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.1: Cash transactions (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:
• understand the Cash Book • balance the cash and bank columns • balance the cash and bank columns and total the
(continued) discount allowed and discount received columns
• post the totals of the discount allowed and
discount received columns to the General Ledger
• indicate the effect on the accounting equation for • indicate the effect on the accounting equation for
all transactions covered in the Cash Book: all cash transactions covered
A=O+L
• interpret entries in the Cash Book (write the • interpret entries in the Cash Book (write the
transactions from the Cash Book) transactions from the Cash Book)
• know the concepts and • describe the following concepts and terminology:
terminology about the General - General Ledger
Ledger - Balance Sheet Accounts Section
- Nominal Accounts Section
• understand the double entry • explain the Cash Book as a book of first entry as
from the Cash Book to other well as a ledger account
General Ledger accounts
• follow the correct procedure and complete the • follow the correct procedure and complete the
(posting)
double entry to the correct accounts in the double entry to the correct accounts in the
General Ledger (Annexe 8) General Ledger (Annexe 8) for all new
transactions
• record entries in general ledger from transactions
• understand the use of folio • fill in the folio numbers correctly
numbers
• understand the balancing of all • apply the double entry principle and balance all • apply the double entry principle and balance all
accounts accounts accounts

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.1: Cash transactions (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand petty cash, petty • explain the difference between cash, petty cash • explain the difference between cash, petty cash
cash voucher, Petty Cash and cash float and cash float
Book, imprest amount,
• explain the purpose of the Petty Cash Book • explain the purpose of the Petty Cash Book
transferring of money to petty
cash • explain the purpose of and complete a petty cash • explain the purpose of and complete a petty cash
voucher voucher
• record petty cash payments in the Petty Cash • record petty cash payments in the Petty Cash
Book, incorporating analyses columns for Book, incorporating analyses columns for
recurring expenses (Annexe 3) recurring expenses (Annexe 3)
• explain the Petty Cash Book as a book of first • explain the Petty Cash Book as a book of first
entry, as well as a General Ledger account entry, as well as a General Ledger account
• total and cross total the different columns • total and cross total the different columns
• restore the imprest amount at the end of the • restore the imprest amount at the end of the
month month
• record the transferring of money from the • record the transferring of money from the
bank/cash to the petty cash bank/cash to the petty cash

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.2: Credit transactions
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• know the concepts and • describe the following concepts and terminology:
terminology of credit - credit
transactions - credit purchases
- trade discount
- liabilities
- creditors
- credit sales
- assets
- debtors
- financial period
- inventory: opening inventory, closing inventory,
inventory taking
- cost of sales
- Creditors Journal
- Creditors Ledger
- Debtors Journal
- Debtors Ledger
• know the different source • explain the purpose of an invoice (original vs
documents for credit duplicate)
transactions
• complete an invoice
• understand the periodic • explain the periodic inventory system
inventory system

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.2: Credit transactions (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:
• understand the recording and • do the calculation for trade discount
posting of credit purchases and • record credit purchases, including trade discount,
the effect on the accounting in the Creditors Journal
equation
• post to a three column account in the Creditors
Ledger (Annexe 10) for each creditor daily
• draw up a List of Creditors monthly
• post the total of the Creditors Journal to the
purchases account at the end of the month
• indicate the effect of credit purchases on the
accounting equation
• interpret entries in the Creditors Journal (write the
transactions from the Creditors Journal)
• understand the recording and • record all credit sales of goods in the Debtors
posting of credit sales and the Journal (Annexe 4)
effect on the accounting • post to a three-column account for each debtor in
equation the Debtors Ledger (Annexe 9) daily
• draw up a List of Debtors monthly
• post the total of the Debtors Journal to the Sales
account at the end of the month
• indicate the effect of credit sales on the
accounting equation
• interpret entries in the Debtors Journal (write the
transactions from the Debtors Journal)

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.2: Credit transactions (continued)
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand the concepts and • describe the concepts:

terminology of returns - sales returns/returns inwards
transactions - purchases returns/returns outwards
- debit note and credit note
• realise and learn about the • explain the purpose of a credit note (original vs
different source documents for duplicate)
returns transactions
• complete the credit note
• understand the recording and • record the sales returns/returns inwards in the
posting of returns transactions Debtors Returns Journal (Annexe 4)
and the effect on the
• record the purchases returns/returns outwards in
accounting equation
the Creditors Returns Journal (Annexe 5)
• post to three-column accounts in the
Debtors/Creditors Ledger daily
• post the totals of the journals to the Sales
Returns/Returns Inwards, Purchases
Returns/Returns Outwards in the General Ledger
at the end of the month
• interpret entries in the Debtors Returns Journal
and Creditors Returns Journal (write the
transactions from the Return Journals)
• indicate the effect of allowances/returns on the
accounting equation
• understand and analyse ledger • analyse and interpret all ledger accounts (write the
accounts transactions for the ledger accounts)

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.3: General Journal
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand the concepts, • describe the concepts:

terminology, recording of - General Journal
transactions in the General - narration
Journal and posting to the - drawings of inventory for personal use
General Ledger, Debtors - bad debts
Ledger and Creditors Ledger - interest charged on accounts which have been
and the effect on the overdue for more than a certain time (interest
accounting equation received, interest paid)
- donation of goods or assets
- purchases of non-current assets on credit
- expenses on credit
• record transactions in the General Journal
(Annexe 6)
• post to the General Ledger, Debtors Ledger and
Creditors Ledger
• indicate the effect of General Journal transactions
on the accounting equation
• interpret entries in the General Journal (write the
transactions from the General Journal)
• record entries in general, debtors and creditors
ledger from cash, credit and general journal
transactions

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TOPIC 2: RECORDING OF TRANSACTIONS (continued)
Sub-topic 2.4: Wages Journal
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• know the concepts and • explain wages and the basic salary scale • explain wages and the basic salary scale
terminology of Wages Journal
• distinguish between gross- and net wages • distinguish between gross- and net wages
• explain the difference between normal- and • explain the difference between normal- and
overtime overtime
• describe the following deductions: • describe the following deductions:
- pension fund - pension fund
- medical aid - medical aid
- PAYE (pay as you earn) - PAYE (pay as you earn)
- social security fund - social security fund
- union subscriptions - union subscriptions
• understand the compilation of a • calculate gross wages and net wages • calculate gross wages and net wages
Wages Journal
• prepare the columns for the Wages Journal • prepare the columns for the Wages Journal
(Annexe 7) (Annexe 7)
• record transactions in the Wages Journal and • record transactions in the Wages Journal and
close off the Wages Journal close off the Wages Journal
(NB: no posting is needed at this level) (NB: no posting is needed at this level)

Accounting Syllabus Grade 8 & 9, NIED 2024

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TOPIC 3: TRIAL BALANCE
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• know the concepts and • describe the following concepts:

terminology of a Trial Balance - Trial Balance
- Balance Sheet Accounts Section
- Nominal Accounts Section
- folio numbers
• understand a Trial Balance • calculate the balances in the General Ledger
• draw up a Trial Balance • draw up a Trial Balance
(Annexe 11) (Annexe 11)
TOPIC 4: ADJUSTMENTS
• understand inventory taking • explain the inventory taking and the calculation of
and inventory systems closing inventory
• distinguish between the perpetual and periodic
inventory system
• describe the term financial period

• explain the need for an adjustment for closing

inventory
• understand the adjustment for • record the adjustment for closing inventory in the
closing inventory at the end of a General Journal and do posting
financial period

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TOPIC 5: CLOSING TRANSFERS AND FINAL ACCOUNTS
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• understand closing transfers in • calculate cost of sales

the General Journal, posting to
the General Ledger, Final • explain and record closing transfers and the
Accounts and the Post-closing adjustment for closing inventory in the General
Trial Balance Journal:
- close off sales returns to sales and purchases
returns to purchases
- close off opening inventory, sales, purchases
and carriage inwards to the Trading account
- do the adjustment for closing inventory
- transfer the gross profit from the Trading
account to the Profit and Loss account
- close off all other income and expense
accounts to the Profit and Loss account
- transfer the net profit/net loss to the Capital
account
- Close off Drawings to Capital
• do posting to the General Ledger
• draw up a Trading account and a Profit and Loss
account (Annexe 12)
• explain and draw up a Post-closing Trial Balance

Accounting Syllabus Grade 8 & 9, NIED 2024

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TOPIC 6: FINANCIAL STATEMENTS
GENERAL OBJECTIVES GRADE 8 SPECIFIC OBJECTIVES GRADE 9 SPECIFIC OBJECTIVES
Learners will: Learners should be able to: Learners should be able to:

• acquaint themselves with and • describe the concepts: • define the concepts:
understand the concepts - accounting/financial period - cost of sales
accounting/financial period, - cost of sales - gross profit
gross income, net profit or net - gross profit - net profit
loss, Income Statement and - gross income - net loss
Statement of Financial Position - net profit/loss
- financial statements • distinguish between an Income Statement and a
- Income Statement Trading account and Profit and Loss account
- Statement of Financial Position
• understand an Income • calculate: • calculate:
Statement and the calculation - cost of sales - cost of sales
of the net profit or net loss for a - gross profit - gross profit
trading business - gross income - gross income
- net profit or net loss - net profit or net loss
• select the correct nominal accounts and draw up • draw up an Income Statement of a trading
an Income Statement for a trading business business (Annexe 13)
(Annexe 13)
• understand a Statement of • draw up a Statement of Financial Position for a • draw up a Statement of Financial Position of a
Financial Position for a trading trading business (Annexe 14) trading business (Annexe 14)
business

Accounting Syllabus Grade 8 & 9, NIED 2024

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10. ASSESSMENT
A learner-centred curriculum and learner-centred teaching encompass a broad range of
knowledge and skills which are relevant to the knowledge-based society. The specific
objectives in the syllabus state what understanding and skills a learner must demonstrate as
a result of this teaching-learning process, and which objectives will be assessed. However, it
is intended that the curriculum should focus on learning, not on assessment and examination.
Assessment and examination are only to support learning.
10.1 Types and methods of assessment
Continuous assessment
In order to capture the full range and levels of competence, a variety of formal and informal
continuous assessment situations is needed to give a complete picture of the learner’s
progress and achievements in all subjects. Continuous assessment must be clear, simple and
manageable, and explicitly anchored in learner-centred principles and practice. Teachers
must provide a reliable and valid assessment of the learner’s performance in the specific
objectives. The information gathered about the learners’ progress and achievements should
be used to give feedback to the learners about their strong and weak points, i.e. where they
are doing well, and why, and where, how and why they need to improve. The parents should
be informed regularly about the progress of their children in all subjects, be encouraged to
acknowledge achievements, and given suggestions as to how they can support the child's
learning activities.
Continuous assessment should be planned and programmed at the beginning of the year, and
kept as simple as possible. Marks given for class activities, practical activities, project work,
assignments, homework and short tests may be recorded for continuous assessment.

The learner’s progress and achievements in this subject must be reported to parents in the
school report.
Formative and summative assessment
The two modes of assessment used are formative continuous assessment and summative
assessment. Formative continuous assessment is any assessment made during the school
year in order to improve learning and to help shape and direct the teaching-learning process.
Assessment has a formative role for learners if and when:

• it is used to motivate them to extend their knowledge and skills, establish sound values,
and to promote healthy habits of study
• assessment tasks help learners to solve problems intelligently by using what they have
learnt
• the teacher uses the information to improve teaching methods and learning materials
Summative assessment is an assessment made at the end of the school year based on the
accumulated total of the progress and achievements of the learner throughout the year in a
given subject, together with any end-of-year tests or examinations. The result of summative
assessment is a single end-of-year promotion grade.
Informal and formal methods
The teacher must assess how well each learner is mastering the specific objectives described
in the syllabus and from this gain a picture of the all-round progress of the learner. To a large
extent, this can be done in an informal way and in their participation in general, through
structured observation of each learner’s progress in learning and practice situations while they
are investigating things, interpreting phenomena and data, applying knowledge,
communicating and making value judgements.

Accounting Syllabus Grade 8 & 9, NIED 2024

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When it is necessary to structure assessment more formally, the teacher should as far as
possible use situations similar to ordinary learning and practice situations to assess the
competency of the learner. Formal written and oral tests can be used to assess only a limited
range of specific objectives and therefore should not take up a great deal of time. Short tests
should be limited to part of a lesson and only in exceptional cases use up a whole lesson.

Evaluation

Information from informal and formal continuous assessment is to be used by the teacher to
ascertain where it is necessary to adapt methods and material to the individual progress and
needs of each learner. At the end of each main unit of teaching and at the end of each term,
the teacher, together with the learners, should evaluate the learning-teaching process in terms
of tasks completed, participation, what the learners have learnt, and what can be done to
improve the working atmosphere in and achievements of the class.

Criterion-referenced grades

When grades are awarded in continuous assessment, it is essential that they reflect the
learner’s actual level of achievement in the specific objectives, and are not related to how well
other learners are achieving these objectives or to the idea that a fixed percentage of the
learners must always be awarded a Grade A, B, C, and so on (norm-referencing). In criterion-
referenced assessment, each letter grade must have a descriptor for what the learner must
demonstrate in order to be awarded the grade. Grade descriptors must be developed for each
subject for each year. It is important that teachers in each department/section work together
to have a shared understanding of what the grade descriptors mean, and how to apply them
in continuous assessment, so that grades are awarded correctly and consistently across
subjects. Only then will the assessment results be reliable.

10.2 Grade descriptors

The learner’s summative achievement in the specific objectives will be shown in letter grades
A to E, where A is the highest and E the lowest grade for learners achieving minimum
competency level. In cases where a learner has not reached the minimum level of competency
a U will be awarded. When letter grades are awarded, it is essential that they reflect the
learner’s actual level of achievement in relation to the specific objectives. The relation between
the letter grades and specific objectives is shown in the table below.

Accounting Syllabus Grade 8 & 9, NIED 2024

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 Grade % Range Grade descriptions

A 80%+ Achieved objectives exceptionally well. The learner is outstanding in

all areas of competency.
B 70-79% Achieved objectives very well. The learner’s achievement lies
substantially above average requirements and the learner is highly
proficient in most areas of competency.
C 60-69% Achieved objectives well. The learner has mastered the specific
objectives and can apply them in unknown situations and contexts.
D 50-59% Achieved objectives satisfactorily. The learner’s achievement
corresponds to average requirements. The learner may be in need of
learning support in some areas.
E 40-49% Achieved the minimum number of objectives to be considered
competent. The learner may not have achieved all the specific
objectives, but the learner’s achievement is sufficient to exceed the
minimum competency level. The learner is in need of learning support in
most areas.
U 0-39% Ungraded. The learner has not been able to reach a minimum level of
competency in the objectives, even with extensive help from the teacher.
The learner is seriously in need of learning support.

10.3 Assessment objectives

The assessment objectives for Accounting are:

A Knowledge with understanding

Learners should be able to:

• demonstrate knowledge of facts and terms relevant to the syllabus;
• demonstrate knowledge of appropriate concepts, conventions, principles and techniques;
• demonstrate understanding of this knowledge through numeracy and literacy.

Questions assessing these objectives will often begin with words such as: define, list, outline,
calculate, explain, describe, complete, state, name.

Questions can be based on the following:

• theory
• calculation of discount, interest, gross wages, net wages, cost of sales, gross profit and
net profit
• the completion of source documents

B Application

Learners should be able to:

• recognise, select and organise information in written, numerical and diagrammatic form;
• apply knowledge and information to various accounting situations and problems.

Questions assessing these skills will often begin with words such as: write up, record,
calculate, prepare, draw up.

Questions can be based on the following:

• drawing up books of first entry (± 40 marks)
• drawing up ledgers (± 20 marks) and/or the trial balance (± 16 marks)
• preparing final accounts and financial statements (± 25 marks)
C Analysis

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Learners should be able to:
• analyse and interpret accounting information

Questions assessing these objectives will often begin with words or phrases such as:
interpret, analyse, show, write.

Questions can be based on the following:

• accounting equation (effect and reason) or accounting equation (source document, book
of first entry, account debit and account credit, effect)
• interpret entries in the books of first entry (write the transactions from the books of first
entry).

10.4 Continuous assessment: detailed guidelines

A specified number of continuous assessment activities per semester should be selected,

graded and recorded. Not more than three assessments per semester are to be topic tests.
Thesecontinuous assessments must be carefully planned and marked according to a marking
scheme, marking criteria or memorandum. The criteria used to assess activities other than
tests should be given to the learner before the assessment activity. Evidence of the work
produced by good, average and low-achieving learners, as well as the written assignment
and marking scheme, hasto be kept at school until the end of the next year. Teachers can
choose to grade and/or record more than the required continuous assessments if it is
necessary for formative purposes. An end- of-year summative grade will be based only on
the assessment tasks described in the syllabus. Not more than 40% of the continuous
assessment may be based on tests, which include topic testsand end-of-term tests.

In Accounting in the Junior Secondary phase the continuous assessment tasks are as follows:

Projects: A project is a longer assignment than a topic task and allows learners to complete
an investigation into one of the themes/topics outlined in the syllabus. This investigation will
enable the teacher and learner to pursue a topic in greater depth and in a livelier and creative
way than possible with short discrete topic tasks. One project per year is prescribed.This
project must enhance the investigation and presentation skills of learners must be
marked out of 50 marks.

Topic tasks: These are recorded, assessed activities that could introduce a topic or used
during the teaching of a topic and/or revision of a topic. They may include assessments
involving competencies to do with locating information, conducting surveys, analysing
information or presenting information. Topic task will involve assessment of specific
objectives across all assessment objectives, however not all assessment objectives need to
be present in every topic task. Continuous assessment marks will be allocated for three tasks
per semester. Topic tasks may count more than 40 marks, but the mark should be
converted to a mark out of 40.

Topic tests: Completed topics should be ended off with a test indicating the achievements
of the learners in these topics. Written tests are specifically set by the teacher to assess the
learners' achievements in relation to competencies specified in the syllabus and should
consist of short questions as well as more structured questions. At least two topic tests should
be written during the semester and marks recorded. The test may count more than 20
marks and then be converted to a mark out of 20.

End-of-term test: This is a comprehensive test of the whole semester's work. It should cover
the assessment objectives in the same ratio than the end-of-year examination. This test will
definitely count more than 50 marks, which will be converted to a total out of 50. (Note:

Accounting Syllabus Grade 8 & 9, NIED 2024

25
time should correlate with the number of marks. Learners should be able to answer 1-1,2
marks per minute). Teaching should continue but no homework should be assigned during
the time of writing the end-of-term test.

Summary of continuous assessment tasks

Continuous assessment Grade 8

Semester 1 Semester 2
Components Number & Number &
Total Total
marks marks
Project 1 x 50 50

Topic tasks 3 x 40 120 3 x 40 120

Topic tests 2 x 20 40 1 x 20 20

End-of-term tests 1 x 50 50

Term marks 210 190

(210 ÷2.1)
Weighted term marks (report marks)
100

The continuous assessment (CA) marks for the first semester is converted to a mark out of
100 (weighted mark). Only this mark should be used for the report at the end of Semester 1.
Learners should not write an examination at the end of the first semester, but only an end-
of-term test which is part of the CA and part of the weighted term mark.

10.5 End-of-year examinations: detailed guidelines

In Grade 8 there will be an internal end-of-year examination. The purpose of this examination
is to focus on how well learners can demonstrate their thinking, communication, and problem-
solving skills related to the areas of the syllabus which are most essential for continuing in
the next grade. Preparing for and conducting these examinations should not take up more
than two weeks altogether right at the end of the year.

The description of the question paper for the written examination is as follows:

Written examination Grade 8

Description of papers Duration Marks

Written
Consisting of short compulsory questions of variable length to test
learners’ basic skills in and knowledge of the principles of
accounting and how to apply the principles to business situations.
2h15 min 130
It will also consist of longer compulsory questions of variable
length to assess learners’ application of all three assessment
objectives.
Learners answer on the question paper in the spaces provided.

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Note: Learners will be tested in the grade 9 examination on the content of both
Grade 8 and 9.

Promotion marks

For Accounting in Grade 8 continuous assessments contribute 35% to the promotion mark
and the end-of-year examination contributes 65%. The weighting of each assessment
component is as follows:

Component Description Marks Weighting

Written 130 65%
Written examination

Continuous Topic tasks, topic tests, projects, end-of-term 70 35%

assessment tests
Total marks 200 100%

The promotion marks are calculated as follows:

Promotion mark for Grade 8

Semester 1 Semester 2 Total

Term mark 210 190 400

CA mark (400÷40x7) 70
End-of-year examination 130 marks 130
(CA mark + end-of-year examination)
Promotion mark 100
(200÷2)

10.6 Specification grid

The specification grid below indicates the weighting allocated to each objective for the written
examination.

Assessment Objectives Written Weighting

A Knowledge with understanding 25 19.2%
B Application 85 65.4%
C Analysis 20 15.4%
Total 130 100%

ANNEXE 1: GLOSSARY OF TERMS

account consists of a debit side and a credit side and it is a place in the
records where monetary value of transactions is posted to

accounting equation owner’s equity plus liabilities equals assets

accounting/ a fixed period for which the final accounts are drawn up to

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financial period calculate a profit/loss - this period should always be the same
length of time for comparison purposes

accounting accounting is the recording of the financial transactions of an

individual or a business enterprise in monetary (money) terms

assets belongings/possessions of the business (examples: buildings,

equipment, vehicles = non-current assets; cash, inventory,
debtors = current assets)

bad debts recovered money received from debtors after we have already written off
their accounts

bad debts that part of the business’ debts that cannot be recovered - a loss
to the business (the debtors disappeared or are bankrupt and
cannot pay us)

Balance Sheet accounts the section of the General Ledger which include all assets,
section liabilities and owner’s equity accounts

Statement of Financial a statement which shows the financial position of a business on

Position a specific date

balancing is the action whereby the difference between the debit and credit
side of an account is calculated

bank charges refer to the fees that the bank charges its customers for rendering
them services

bank transfers is a way to send money from one bank account directly to another
e.g. using internet banking

book of first entry data from the source documents is entered daily in journals and
books to record transactions

capital money and/or assets the owner contributes to the business

carriage on purchases/ the expense of paying for the transport of goods that have been
carriage inwards bought for resale

carriage outwards the expense to pay for the transport of goods to the customers

Cash Book book of first entry used to record all cash and bank transactions

cash float the money in the cash register with which the cashier starts every
day to be able to give change to customers

cash purchases when a business buys goods for resale and pays immediately,
by cash/debit card/bank transfers

cash sales when the business receives money by cash or debit card for the
sale of goods immediately

cash all the money (notes and coins) which the business has on its
premises, petty cash and cash float excluded

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closing inventory the value of the goods that have not been sold/on hand at the
end of a financial period (the value is determined by inventory
taking)

closing transfer journal entry to close off all nominal accounts and inventory to
final accounts and drawings to the capital account

cost of sales the cost of goods sold (Opening inventory + Purchases – Closing
Inventory = Cost of sales)

cost price price for which you buy a product or good

credit card a card that is used to pay immediately and then the card holder
refunds the bank / a card that provides short term credit at the
point of sale

credit card sales when the customer pay for goods with a credit card

credit note document sent by the seller to buyer for returns of goods. Source
document for Returns Journals

credit purchases when a business buys goods for resale, receives them and pays
at a later stage

credit sales when the business will receive the money for the sale of goods
at a later stage

credit side right hand side of a T-account in the General Ledger

creditor a person/business to whom our business owes money

Creditors Journal book of first entry used to record all credit purchases of goods
transactions

Creditors Ledger ledger used for individual creditors’ accounts

Creditors List list of names and balances of individual creditors’ accounts on a

specific date

current assets assets which have a short life and can be converted into cash
easily

PAYE tax deducted from employee wage/salary and payable to the

Receiver of Revenue

current liabilities liabilities which should be paid back over a period shorter than
one year

debit card a bank card that is used to withdraw cash or transfer money from
your current account to the account of the person/business whom
you pay

debit note document sent by buyer to seller with returned goods

Accounting Syllabus Grade 8 & 9, NIED 2024

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debit side the left-hand side of a T-account in the General Ledger

debtor a customer who owes money to the business

Debtors Journal book of first entry used to record all credit sales of goods

Debtors Ledger ledger used for individual debtors’ accounts

Debtors List list of names and balances of individual debtors’ accounts

deposit slip source document used to deposit money into the business’
current bank account

discount allowed an amount that the debtor does not have to pay if he pays his
account on time

discount received an amount deducted from the amount due to a creditor if the
business pays within the time limit

donations when the business gives goods or money for charity without
receiving payment for it

double entry principle for every debit entry there must be a credit entry of the same
value

drawings any assets, goods or money the owner took for personal use from
the business

electronic funds transfer is the electronic transfer of money from one bank account to
(EFT) another

equipment is part of non-current assets and includes furniture, computers,

shelves, machinery, etc.

expenses money spent on the day to day running cost of the business

financial statements Income Statement and Statement of Financial Position that gives
an overview of the result for a financial period and financial
position at the end of the financial period respectively

final accounts Trading account and Profit and Loss Account that are drawn up
at the end of a financial period

non-current assets possessions or property with a long life to be used in the

business, like buildings and vehicles

folio numbers refers to the reference number of the journals/books of first entry
from which transaction data are posted to the ledger accounts
and the reference numbers of the ledger accounts to which
posting was done from the books of first entry

General Journal one of the books of first entry used to record transactions that do
not fit in any other book of first entry

Accounting Syllabus Grade 8 & 9, NIED 2024

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General Ledger ledger that includes owner’s equity, liabilities, assets, income,
expenses and final accounts

gross income gross profit plus other income for a financial period

gross profit difference between sales and cost of sales

gross wages normal time plus overtime wages

imprest system the opening amount for petty cash is the same for each month

Income Statement a statement which shows the financial result for a specific
financial period

income money which the business receives during its day-to-day

operations

opening inventory the closing inventory brought forward from the previous year is
called the opening inventory and is the inventory on hand at the
beginning of the accounting period

interest on fixed deposit the bank pays us interest for money that we invested with them
for a certain period

interest on loan interest paid to the bank when you borrow money from them

interest on overdraft the interest you have to pay to the bank for using its money if you
use the facility at the bank to spend/use more money than you
have in your current account

interest paid interest which you have to pay to your creditors if you do not pay
the outstanding amount you owe them in time

interest on current interest which is received from the bank if a current account
account has a positive balance

interest received interest charged to debtors' accounts if they do not pay their
accounts on time

investment money saved at a financial institution for a certain period of time,

e.g. fixed deposit

invoice a detailed document received when buying goods

liabilities refer to money owed by the business to outside persons or

businesses, e.g. loans, creditors

non-current liabilities liabilities which can be paid back over a period longer than one
year

narration an explanatory note to indicate the nature of the General Journal

entry recorded

net loss gross income less expenses, when the expenses of a business
exceed its income

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net profit gross income less expenses, when the income exceeds the
operating expenses of a business

net wages gross wages minus deductions

Nominal accounts section the section of the General Ledger which consists of income and
expense accounts

normal time the number of hours a worker should work over a given period of
time, e.g. 40 hours per week

other income all income received except sales

overdraft when the business withdraws more money than available in the
current account with permission from the bank

overtime extra time (more than the normal time) worked in a given period,
e.g. more than 40 hours per week

owner’s equity accounts accounts that show the interest of the owner in the business -
capital and drawings

periodic inventory system physical inventory valuation takes place at the end of a specific
financial period

perpetual inventory system continuous records are kept of the movement of goods in
and out of the business

Petty Cash Book book of first entry where all small cash payments and petty cash
receipts are recorded

petty cash voucher internal source document from which entries are made in the
Petty Cash Book

petty cash amount of cash kept in a business to do small payments

posting completion of double entry from the journals to the ledgers

Post-closing Trial Balance list of balances of owner’s equity, assets and liability accounts
after nominal accounts have been closed off for the year

Profit and Loss Account final account drawn up to calculate net profit/loss

proof of payment (POP) a document received for debit card or electronic funds transfer
(EFT) transactions

purchases returns/ when the business returns goods to the supplier, e.g. faulty or
returns outwards wrong goods

purchases the (value of) goods bought by the business with the intention of
selling them at a higher price

receipt source document issued for money received

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recording this is to write/draw up/record the information in a usable form in
different journals/books of first entry and ledgers

rent income the rent we receive when letting a part of the business's buildings

salary the remuneration workers receive when they are paid monthly

sales returns/ when the customer returns goods to the business, e.g. faulty or
returns inwards wrong goods

sales the (value of) goods which the business sells to the customer

source document document from which transactions are recorded in books of first
entry – proof of transaction

inventory taking the physical counting of the inventory items which is normally
done at the end of the financial period

inventory the goods on hand and available for sale to customers at any
given time

stop order instruction given to the bank to make specified payments at given
dates from the current bank account

T-account a general ledger account is shown in a T-form, left debit and right
credit

Trading Account final account drawn up to calculate gross profit

trade discount a reduction received from a supplier when purchasing large

quantities of goods

trading buying and selling of products

transaction the actions (buying and selling of goods or rendering of services)

which happen in a business at a certain time, of which the money
value (monetary value of such transaction) is recorded in the
books of the business

Trial Balance list of accounts with their debit and credit balances extracted from
accounts in the ledgers to check the correctness of the double
entry principle
turnover sales less sales returns

wages the remuneration workers receive when they are paid weekly -
these are normally paid in cash or by bank transfer
Wages Journal book of first entry use to calculate employees’ wages

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 ANNEXE 2: FORMAT OF A CASH BOOK
Dr Cash Book of XYZ Stores - March 2025 CB3 Cr

Doc Discount Doc Discount

Date Details Fol Cash Bank Date Details Fol Cash Bank
no allowed no received
N$ N$ N$ N$ N$ N$
R01 1 Capital 100 000,00 B/S 8 Cash float 100,00
CRR1 2 Sales 5 000,00 9 Bank C 500,00
R02 3 A. Louw 10,00 200,00 POP1 14 Fixed Deposit: First National Bank 10 000,00
CRR2 6 Sales 2 000,00 18 Carriage Inwards/Carriage on Purchases 100,00
D/S 9 Cash C 500,00 POP2 24 Purchases 1 000,00
CRR 10 Sales 400,00 POP3 26 Clicks 50,00 500,00
B/S 16 Loan: Bank Windhoek 5 000,00 POP4 28 Purchases 900,00
31 Bank C 1 300,00 Stationery 100,00 1 000,00
30 Wages 700,00
B/S 31 Cash C 1 300,00
Balance c/d 2 000,00 97 200,00
10,00 3 300,00 111 100,00 50,00 3 300,00 111 100,00
April 2025 CB4
1 Balance b/d 2 000,00 97 200,00

Transactions: March 2025

1 The owner increased his capital contribution with N$100 000,00. The amount was directly deposited into the bank. Receipt 01
2 Cash sales, directly deposited into the bank, N$5 000,00. CRR01.
3 Received a debit card payment for N$200,00 from a debtor, A. Louw, to settle his account of N$210,00. Receipt 02
6 Received N$2 000,00 for cash sales.
8 Withdrew N$100,00 for cash float.
9 Deposited N$500 cash into the business' bank account.
10 Sold goods to Mr Hendricks for N$ 400,00. He paid by credit card.
14 Transferred N$10 000,00 from the business’ bank account to First National Bank as an investment at 10% per annum for 6 months.
16 Received a loan from Bank Windhoek, N$5 000,00 at 15% per annum transferred into the business’ bank account.
18 Paid Trans Namib cash, N$100,00, to transport goods which have been bought from Shoprite.
24 Bought goods from Metro paid by EFT, N$1 000,00.
26 Paid a creditor, Clicks, N$500,00 by debit card and received N$50,00 discount.
28 Paid Pick ‘n Pay by debit card for goods, N$900,00 and stationery, N$100,00.
30 Paid wages cash, N$700,00.
31 Withdrew N$1 300,00 for use in the business.

NOTE: All money received by debit card will be entered in the bank column on the debit side and the source document will be a duplicate receipt.
All money received by EFT will be entered in the bank column on the debit side and the source document will be the bank statement (B/S).
All payments by debit card or EFT will be entered in the bank column on the credit side and the source document will be the re-numbered proof of payment (POP).
Withdrawals by debit card for cash float or petty cash will appear in the bank column on the credit side and the source document will be the bank statement (B/S).
Withdrawal for cash to be used in the business will be a contra-entry. Cash will be debited and bank credited. Source document is a bank statement (B/S).

Accounting Syllabus Grade 8 & 9, NIED 2024

34
 ANNEXE 3: FORMAT OF A PETTY CASH BOOK

Petty Cash Book of XYZ Stores – March 2025 PCB7

Dr Cr
Receipt Fol Date Details Voucher Total Travelling Postage Stationery Sundry Sundry accounts
expenses expenses Account Fol Amount
N$ N$ N$ N$ N$ N$ N$
150,00 b/d 1 Balance
2 Taxi fare 1 7,60 7,60
4 Postage 2 4,70 4,70
7 Stationery 3 2,52 2,52
10 Bus fare 4 10,92 10,92
12 Tea & Milk 5 17,00 17,00
14 Envelopes 6 4,90 4,90
17 Charity 7 10,00 Donation 10,00
18 Rail fare 8 21,60 21,60
20 Stamps 9 1,50 1,50
23 Packing tape 10 3,00 3,00
25 Telegram 11 1,10 1,10
27 Taxi fare 12 10,80 10,80
29 Cleaning Cleaning material
material 13 10,00 10,00
105,64 50,92 7,30 10,42 17,00 20,00
105,64 CB 31 Cash
c/d Balance 150,00
255,64 255,64
April 2025 PCB 8
150,00 b/d 1 Balance

Details column: item for which money is paid.

Sundry expenses column: this column is used if there is no specific account for that expense.
Sundry account column: this column is used for a specific account not reflected in the analyses columns.

Accounting Syllabus Grade 8 & 9, NIED 2024

35
ANNEXE 4: FORMAT OF A DEBTORS JOURNAL & DEBTORS RETURNS JOURNAL

Debtors Journal of XYZ Stores – May 2025 DJ9

Doc no Date Debtors Fol Amount
N$ c
X02 4 G. Pietersen DL1 780 00
X03 7 M. Izaks DL2 340 00
X04 23 G. Pietersen DL1 250 00
1 370 00

Debtors Returns Journal of XYZ Stores - May 2025 DRJ9

Doc no Date Debtors Fol Amount
N$ c
Y001 12 G. Pietersen DL1 80 00
Y002 14 M. Izaks DL2 40 00
120 00

ANNEXE 5: FORMAT OF CREDITORS JOURNAL & CREDITORS RETURNS JOURNAL

Creditors Journal of XYZ Stores – May 2025 CJ5

Doc no Date Creditors Fol Amount
N$ c
22 5 Warner Suppliers CL1 3 600 00
23 8 George & Co CL2 1 200 00
24 15 George & Co CL2 500 00
5 300 00

Creditors Returns Journal of XYZ Stores - May 2025 CRJ5

Doc no Date Creditors Fol Amount
N$ c
02 7 Warner Suppliers CL1 360 00
03 14 George & Co CL2 130 00
490 00

ANNEXE 6: FORMAT OF A GENERAL JOURNAL

General Journal of XYZ Stores – May 2025 GJ7

Date Fol Debit Credit
N$ N$
4 Bad Debts 250,00
C van Zyl 250,00
Debt of debtor written off as
irrecoverable
10 Drawings 800,00
Purchases 800,00
Owner took inventory for personal use
18 Vehicle 80 000,00
Indongo Motors 80 000,00
Bought a vehicle on credit

Accounting Syllabus Grade 8 & 9, NIED 2024

36
 ANNEXE 7: FORMAT OF A WAGES JOURNAL

Wages Journal of XYZ Stores for the week ending 15 May 2025 WJ17
Details Normal time Overtime Gross Deductions Total Net
wages Pension Medical Social PAYE Trade deduc- wages
aid Security union tions
Hours Rate Amount Hours Rate Amount N$ N$ N$ N$ N$ N$ N$ N$
B. Adams 40 12 480 5 18 90 570 42 60 20 111 22 255 315
C. Mutorwa 40 10 400 400 30 90 14 78 27 239 161
J. Xoagub 40 16 640 8 24 192 832 62 90 27 162 30 371 461
1 520 282 1 802 134 240 61 351 79 865 937

Accounting Syllabus Grade 8 & 9, NIED 2024

37
ANNEXE 8: FORMAT OF A GENERAL LEDGER

General Ledger of XYZ Stores

Balance Sheet Accounts Section
Dr Cr
Date Details Fol Amount Date Details Fol Amount
Buildings B1
2025
Jan 1 Balance b/d 150 000,00

Vehicles B2
2025 2025
Jan 1 Balance b/d 80 000,00 Sept 30 Balance c/d 100 000,00
Sept 10 Bank 20 000,00
100 000,00 100 000,00
Oct 1 Balance b/d 100 000,00

Nominal Accounts Section

Rent Income N1
2025
Dec 31 Balance b/d 12 000,00

Insurance N2
2025 2025
Apr 1 Bank 3 600,00 Sept 30 Balance c/d 7 800,00
Sept 1 Cash 4 200,00
7 800,00 7 800,00
Oct 1 Balance b/d 7 800,00

The folio numbers can also be GL folios.

Accounting Syllabus Grades 8 & 9, NIED 2024

38
ANNEXE 9: FORMAT OF A DEBTORS LEDGER

Debtors Ledger of XYZ Stores

Date Details Fol Debit Credit Balance
N$ N$ N$
G. Pietersen DL1
2025
May 1 Balance b/d 144,00
4 Sales DJ 780,00 924,00
11 Bank CB 200,00 724,00
Discount Allowed CB 20,00 704,00
12 Sales Returns/Returns Inwards DRJ 80,00 624,00
24 Bad Debts GJ 44,00 580,00
28 Interest Received GJ 30,00 610,00

ANNEXE 10: FORMAT OF A CREDITORS LEDGER

Creditors Ledger of XYZ Stores

Date Details Fol Debit Credit Balance
N$ N$ N$
Warner Supplies CL1
2025
May 1 Balance b/d 1 003,00
5 Purchases CJ 3 600,00 4 603,00
7 Purchases Returns/Returns Outwards CRJ 360,00 4 243,00
15 Bank CB 1 243,00 3 000,00
Discount Received CB 120,00 2 880,00
29 Interest Paid GJ 80,00 2 960,00

Accounting Syllabus Grades 8 & 9, NIED 2024

39
ANNEXE 11: FORMAT OF A TRIAL BALANCE

(NOTE: The folio numbers can also be GL1, GL2, GL3 etc.)

Trial Balance of XYZ Stores as at 30 June 2025

Fol Debit Credit
N$ N$
Balance Sheet Account Section
Capital B1 105 000,00
Drawings B2 2 000,00
Land and Buildings B3 100 000,00
Vehicles B4 40 000,00
Equipment B5 10 000,00
Loan: ABC Bank B8 52 000,00
Fixed Deposit: DEF Building Society B9 15 000,00
Inventory (1/7/2024) B10 13 000,00
Debtors 3 000,00
Bank CB6 12 000,00
Cash CB6 800,00
Petty Cash PCB6 100,00
Cash float B11 1 000,00
Creditors 5 000,00
Nominal Accounts Section
Sales N1 62 050,00
Sales Returns/Returns Inwards N2 1 500,00
Purchases N3 20 000,00
Purchases Returns/Returns Outwards N4 3 400,00
Interest on Fixed Deposit N5 750,00
Rent Income N6 26 400,00
Salaries N7 9 000,00
Telephone N8 7 000,00
Stationery N10 1 200,00
Interest on Loan N11 8 800,00
Water and Electricity N12 4 600,00
Carriage Inwards/Carriage on Purchases N13 4 000,00
Carriage Outwards N14 1 600,00
254 600,00 254 600,00

Accounting Syllabus Grades 8 & 9, NIED 2024

40
ANNEXE 12: FORMAT OF A TRADING ACCOUNT AND PROFIT AND LOSS ACCOUNT

General Ledger of XYZ Stores

Final Account Section
Dr Cr
Date Details Fol Amount Date Details Fol Amount
Trading account F1
2025 2025
Jun 30 Inventory (1/7/2024) 13 000,00 Jun 30 Sales 60 550,00
[62 050 - 1 500]
Purchases 16 600,00 Inventory 15 000,00
[20 000 - 3 400] (30/6/2025)
Carriage Inwards/
Carriage on 4 000,00
Purchases
Profit and Loss 41 950,00
(Gross profit)
75 550,00 75 550,00

Profit and Loss account F2

2025 2025
Jun 30 Salaries 9 000,00 Jun 30 Trading account
Telephone 7 000,00 (gross profit) 41 950,00
Stationery 1 200,00 Rent Income 26 400,00
Water & Interest on Fixed
Electricity 4 600,00 Deposit 750,00
Carriage Outwards 1 600,00
Interest on Loan 8 800,00
Capital (Net profit) 36 900,00
69 100,00 69 100,00

Accounting Syllabus Grades 8 & 9, NIED 2024

41
ANNEXE 13: FORMAT OF AN INCOME STATEMENT OF A TRADING BUSINESS

(NOTE: All items will not appear in examples for Grade 8)

Income Statement of XYZ Stores for the year ended 30 June 2025
N$ N$
Sales/Turnover1 [62 050 - 1 500] 60 550,00
Less Cost of Sales 18 600,00
Opening Inventory 13 000,00
Add Purchases2 [20 000 - 3 400] 16 600,00
Add Carriage inwards/Carriage on purchases 4 000,00
33 600,00
Less Closing Inventory 15 000,00
Gross Profit 41 950,00
Add Other Income 27 150,00
Rent Income 26 400,00
Interest on fixed deposit 750,00
Gross Income 69 100,00
Less Expenses 32 200,00
Salaries 9 000,00
Telephone 7 000,00
Stationery 1 200,00
Interest on loan 8 800,00
Water and Electricity 4 600,00
Carriage outwards 1 600,00
Net Profit 36 900,00

NOTES:
Show calculations in brackets
1Turnover = Sales - Sales Returns/Returns Inwards
2Purchases = Purchases - Purchases Returns/Returns Outwards

Accounting Syllabus Grades 8 & 9, NIED 2024

42
ANNEXE 14: FORMAT OF A STATEMENT OF FINANCIAL POSITION

Statement of Financial Position of XYZ Stores as at 30 June 2025

N$ N$ N$
CAPITAL EMPLOYED
OWNER'S EQUITY 139 900,00
Capital 105 000,00
Add Net Profit/Less Net Loss 36 900,00 141 900,00
Less Drawings 2 000,00

NON-CURRENT LIABILITIES 52 000,00

Loan: ABC Bank 52 000,00
191 900,00

EMPLOYMENT OF CAPITAL
NON-CURRENT ASSETS 150 000,00
Land and Buildings 100 000,00
Vehicles 40 000,00
Equipment 10 000,00
INVESTMENTS 15 000,00
Fixed Deposit: DEF Building Society 15 000,00
WORKING CAPITAL 26 900,00
Current Assets 31 900,00
Inventory 15 000,00
Debtors 3 000,00
Bank 12 000,00
Cash 800,00
Petty Cash 100,00
Cash float 1 000,00
Less Current Liabilities 5 000,00
Creditors 5 000,00
191 900,00

* Bank overdraft = current liability

Accounting Syllabus Grades 8 & 9, NIED 2024

43
ANNEXE 15: SETTING AND MARKING GUIDELINES FOR JS ACCOUNTING

Cash Book (Up to 20 marks)

Document numbers
1 Mark dr document column
1 Mark cr document column
Provided that there is not more than 1 mistake per column
The first document number will be provided

Opening balances
1 Mark each if not provided on answer sheet

Entries
Date, detail and amount in correct column: all correct for 1 mark per line
Extra mark for discount amount, if any
Extra mark if amount was calculated, but if calculation was wrong and the rest correct, award
1 mark O/F (Own figure)

Closing balances
Balances b/d: 1 Mark each O/F, provided that it is on the correct side and correct date (Cash
balance always dr and Bank balance on the opposite side of the learner’s balance c/d)

Totals
One mark for each discount column’s total (C/F)
No marks for totals of Cash and Bank columns

Heading
If not provided: 1 mark for correct heading (Cash Book of name of business, month, year and
folio reference)

Folios
1 Mark per correct folio column. Folio references are only needed if posting took place

Petty Cash Book (Up to 15 marks)

Opening balance
1 Mark if not provided on answer sheet

Entries
Date, detail and total amount all correct: 1 mark per line
Correct amount in correct analysis column: 1 mark

Document column
1 Mark, provided that there is not more than 1 mistake
The first document number will be provided

Totals
Analysis columns: 2 totals correct for 1 mark
Total column: No mark for total

Accounting Syllabus Grades 8 & 9, NIED 2024

44
Closing off
Imprest entry will get 1 mark C/F
Balance b/d 1 mark O/F. Date must be correct

Debtors Journal, Debtors Returns Journal, Creditors Journal and Creditors Returns
Journal (Not more than 6 marks each per journal)

Document column
1 Mark per correct document column

Entries
Date, detail and amount all correct: 1 mark per line
If the amount was calculated, the entry scores 2 marks, but if calculation was wrong and the
rest correct, award 1 mark O/F

Folio
1 Mark per correct folio column. Folio references are only needed if posting took place

Total
No marks

General Journal (Up to 12 marks)

Entries
Date, Account debited, Account credited with amounts in the correct columns 2 marks (2 or
0) and narration correct: 1 mark

If the amount was calculated: award 1 mark extra. If the calculated amount is wrong, no mark
for calculation, but learner can still score 3 marks for the rest

If dates are omitted: no marks

If the question stated that narrations might be omitted, then 2 or 0 and the rest stay the same

Posting

Entries on the wrong side score no marks!

General Ledger: (T-accounts) (Grade 8 up to 20 marks; Grade 9 up to 14 marks)

Entries and opening balance

Date, detail and amount correct: 1 mark per line

Folios
Correct folios of book of first entry from where posting was done: 1 dr mark and 1 cr mark for
whole ledger

Closing balance
Balance b/d: 1 mark O/F if on the correct side. Date must be correct

If dates are omitted/wrong: no marks

Accounting Syllabus Grades 8 & 9, NIED 2024

45
Debtors Ledger and Creditors Ledger: (running balance format)

(Up to 9 marks each per account)

Entries
Date, detail and correct amount in the correct column: 1 mark
Balance amount: 1 mark C/F

Opening balance
Date, detail and correct amount in the balance column: 1 mark

Folios
1 mark for the folio column of the whole ledger. Folios must indicate the correct book of first
entry from where posting took place

If dates are omitted/wrong: no marks

Trial Balance (Up to 12 marks)

Sub-headings (sections)
1 Mark each

Other items
Name of account and correct amount in the correct column: 1 mark per line
If the amount was calculated, e.g. Capital or bank figure was not provided: 2 marks per line
C/F or 1 mark per line O/F, provided that the calculation is correct

Folio column
1 Mark for the column

Totals
1 Mark C/F provided the two totals are the same

Income Statement (Show all workings in brackets) (Up to 15 marks)

Heading
1 Mark if not provided on answer sheet
(Name of Business: Income Statement for the year ended day, month, year)

Body
Net sales/turnover and net purchases: 2 marks each; (Sales less Sales returns and
Purchases less Purchases Returns)
If no adjustment for returns: 1 mark each

Opening and closing inventory: 1 mark each (Give the date in brackets)

Each income and expense account with correct amount: 1 mark each

Gross profit and net profit/loss

1 Mark each for amount O/F provided that the calculations were correct.

Note: Learners should only be assessed on maximum of four expenses and two incomes.

Accounting Syllabus Grades 8 & 9, NIED 2024

46
Statement of Financial Position (Show all workings in brackets) (Up to 15 marks)

Heading
1 Mark if not provided on answer sheet
(Name of Business: Statement of Financial Position on/as at day, month, year)

Sub-totals
(Owner’s equity, Non-current liabilities, Non-current assets, Investments, Working capital,
Current assets, Current liabilities)
Wording and amount correct: 1 Mark C/F only

Other items (excluding non-current assets)

Wording and amount correct for 1 mark per item

Wages Journal (Up to 14 marks)

Body
Normal time amounts: 1 mark each
Overtime amounts: 1 mark each
Gross wage: 1 mark each O/F
Deductions: 1 mark for any two deductions (if given)
1 mark for each deduction (if calculated)
Total deductions: 1 mark each O/F
Net wage: 1 mark each O/F

Totals
1 mark for gross wages, total deductions and Net wage. (altogether must be C/F)

Note
Normally not more than 2 employees asked, because you test the same thing all over for each
employee

Final accounts (Up to 15 marks for both)

Basically marked as General Ledger account

Interpret accounts

1 mark for each interpretation including the date (if not given), amount and action

Theoretical questions (Source document(s) up to 7 marks; The rest should be theory

questions)

Accounting equation Each correct effect, amount and reason: 1 mark (1 or 0)

Account to be debited and credited Both correct: 2 marks (2 or 0)

Book of first entry 1 mark

Source document 1 mark

Definitions 1 mark

Accounting Syllabus Grades 8 & 9, NIED 2024

47
ANNEXE 16: GUIDELINES ON PROJECTS

Project regulations

Projects may include work for which the topic have been set by the teacher or chosen by the
candidates themselves. All learners do not need to do a project on the same topic.

Learners should undertake projects with the guidance and continuing supervision from
teachers. Teachers are expected to:
• assist with suggestions for investigations and topics;
• indicate sources of information, e.g. organisations or persons who might be able
to help, materials, places to visit and references;
• advise on the practicality or otherwise of schemes proposed by candidates;
• give suggestions as to length, approach and treatment;
• satisfy themselves, as far as they are able, that all written work submitted for the
project assessment is the candidate’s own unaided work.

Suggested format of projects (if a written piece)

Each project should be approximately 200 - 450 words long. Diagrams, appendix, etc. are not
to be counted in the number of words used.

Projects should be written/typed on A4 paper. The cover must be clearly marked with the
learner’s name.

Projects should include:

The title, making clear the question to be answered
A table of contents
Sub-headings (not an essay form of written work)
Graphs, diagrams, questionnaires, etc., where appropriate
Conclusion
A bibliography and appendix where appropriate.

Learners will be given credit for tables of statistics, graphs, illustrations, photographs, etc.,
provided they are related to the question being answered and clearly support some part of the
text. They should not be included merely to make the project look more attractive.

Quotes must be clearly indicated and their sources stated.

The project must take the form of a response to a clearly formulated question. This can come
from any part of the syllabus but some areas tend to provide more opportunities for
investigation than others and therefore are more suitable. (Look at cross-curricular content.)

The project could include a variety of forms of investigation where appropriate, e.g.
questionnaires, interviews, library research, personal observation, visit to government offices,
visit to factory or offices.

Projects could be open-ended, capable of being tackled in the way that the learner wishes.
Thus one can assess the learner in terms of what has been achieved, rather than in terms of
the teacher’s expectations. Open-ended tasks can fulfil the requirement to differentiate. The
teacher’s role will be to ensure that no student is attempting an impossible or unmotivating
task.

Learners should be encouraged to use correct terminology, as appropriate, in their written

work.

Accounting Syllabus Grades 8 & 9, NIED 2024

48
The tasks set, need to be carefully thought out to allow the candidate to show what they know,
understand and can do, i.e. not what they cannot do.

The project should relate to a realistic business/accounting problem/situation.

Setting of projects

Assignments should not contain a series of highly structured tasks as this fails to discriminate
candidates at either end of the ability range, consequently bunching candidates in the middle
mark range. This does not allow candidates, particularly at the higher ability range, to fulfil
their potential.

The question posed at the beginning of the assignment should be researched in order to draw
valid conclusions and answer the question posed at the start of the investigation.

Project Preparation

Projects should not predetermine performance.

Teacher should provide ideas, stimulus, assignment(s) and task.

The project should be integrated and should usually concentrate on more than one aspect of
the syllabus.

Think carefully about the timing of the project, it should not come too early in the course as it
has to be assessed as if it were completed in the last term of the course. This means the
teacher should not make allowances for the work being completed early in the course and the
teacher should ensure that coursework follows the relevant work in class.

When determining the timing of the project, allowance should also be made for all subjects and
ideally should be planned by the school.

Projects should be used to reinforce class work. For example, you should introduce a new
topic in class and then use the projects/topic tasks for further investigation.

Projects/topic tasks may take other forms than written. Ideally projects/topic tasks will contain
written, numerical, graphical and other forms of presentation – but where other forms of
presentation are used they must be used to answer the question and made reference to – they
should not just be a way of making the assignment look more colourful or interesting.

The location of the school may affect the project choice and the teacher has to make use of
particular circumstances. Some schools are in areas where sending learners out for primary
research proves difficult or impossible. With some thought, alternative ways of gathering data
can be found e.g. asking family, friends, fellow students, telephone and magazines.

If school/industry links exist, then use should be made of these.

Will the project allow the learners to show what they:

Know?
Understand?
Can do?

The teacher should inform or discuss with the pupils what they will be looking for when marking
so that pupils understand what is required of them.

Accounting Syllabus Grades 8 & 9, NIED 2024

49
Project check list for learners

Does your assignment:

• have a stated aim which poses a question?
• relate to an identifiable part(s) of the syllabus?
• help integrate/bring together different areas of the syllabus?
• allow the opportunity for all assessment objectives to be met? Have you conducted
different types of research and used a variety of presentation methods to display the
data you have collected?
• end with a conclusion?
• provide identification as to where materials/resources have come from? This could
be put at the end of your work as a list of where you went, how you carried out your
research, what other sources you used.
• provide the opportunity for the work to be completed within the time allowed? You
should plan out what you have to do.
• have a deadline for submission?

Criteria for assessment

(a) The project should be assessed out of 50 marks.

(b) Each project will be assessed as follows:

Collection of data 10 marks
Presentation of relevant data (written and verbal) 15 marks
Analysis and interpretation of the topic 15 marks
Evaluation of the topic 10 marks

It is anticipated that the learner’s responses will be assessed totality and levels of achievement
will be recognised. If learners do group tasks, it should be clear which learner did what and
each should do part of the verbal presentation. Group members should not get the same
marks.

An example of the mark bands is indicated on the next page for collection and presentation of
relevant data and for analysis, interpretation and evaluation of the topic.

Accounting Syllabus Grades 8 & 9, NIED 2024

50
Collection of data 10 marks
Attempt made to gather information from at least one source. Sources unrelated
to the business problem/situation 1 – 2 marks

Attempt made to gather some relevant information but still only limited sources
used 3 – 4 marks

Information collected is relevant to the business problem and appropriate

research methods used 5 – 6 marks

Information is clearly linked to the topic set and throughout an appropriate range
of research methods are used 7 – 8 marks

Well-designed research carried out effectively, fully investigating the business

problem/situation and collecting all the relevant information 9 – 10 marks

Presentation of relevant data 15 marks

Very limited understanding of appropriate presentation methods but poorly
applied 1 – 3 marks

Some variation in presentation but not converted to different forms of presentation

4 – 6 marks

Data presented using different methods but not always appropriate forms of
communication 7 – 9 marks

Clear presentation with data converted into different and appropriate forms of
communication 10 – 12 marks

Information collected is fully and clearly explained and complete range of

presentation skills used 13 – 15 marks

Analysis & interpretation of the topic 15 marks

Limited attempt to organise material into parts
1 – 3 marks

Limited attempt to organise material in a logical manner but no comments, just

an acceptance of others’ views 4 – 6 marks

Work planned in a logical manner with attempt to break down material in a clear
and sensible way to try to answer the question posed in the title 7 – 9 marks

Work planned in a logical manner and business ideas well applied to the topic
10 – 12 marks

Evidence of original and clear analysis of the topic with relevant and accurate use
of business ideas 13 – 15 marks

Evaluation of the topic 10 marks

Very limited conclusion drawn, makes unsupported personal opinions not related
to the data 1 – 2 marks

Brief conclusion drawn, personal opinions have some connection with the
information gathered 3 – 4 marks

Conclusion drawn from the evidence but is not an answer to the question posed
in the title 5 – 6 marks

Personal and justified conclusion related to the question posed in the title and
drawn from the evidence collected 7 – 8 marks

A reasoned and justified conclusion based on the evidence collected and a clear
answer to the question posed in the title 9 – 10 marks

Accounting Syllabus Grades 8 & 9, NIED 2024

51
When applying the mark scheme to projects, it is useful to ask the following questions:

Collection of data
How many sources were used?
Were primary and secondary sources used?
Were the sources appropriate to answering the question posed in the title and were the range
of sources used appropriate?

Presentation of relevant data

How many different techniques were used to present the data?
Was the data converted to alternative and different forms of communication?
Were the presentation techniques used appropriate for the information collected?

Analysis & interpretation of the topic

Was the coursework well organised? (Introduction, etc…)
Was the data that had been gathered used in a clear way to answer the question posed in the
title?
Were the candidates’ own opinions included or were they other people’s views?
Were business ideas effectively applied to the topic?
Were the ideas analysed and discussed in answer to the question posed?

Evaluation of the topic

Was a conclusion present?
Was the conclusion related to the data gathered?
Did the conclusion answer the question posed in the title?
Was there evaluation in the main part of the coursework?

Accounting Syllabus Grades 8 & 9, NIED 2024

52
 ANNEXE 17: ASSESSMENT RECORD SHEET FOR GRADE 8 (NB: VALID FOR 2025 ONLY)

Assessment record sheet: Accounting Grade 8: …………………….. Year: …………………………………

School: …………………………………………………………… Teacher: …………………………………………………………………………….

Semester 1 Semester 2 End-of-year marks

Promotion mark (200÷2)

CA mark (400÷40x7)
End-of-term test

mark(210÷2.1)
Weighted term
Topic tasks

Topic tasks
Topic tests

Term mark

Term mark

(210+190)
Total term
Topic test

(70+130)
Written
Project

mark
40 40 40 20 20 50 210 100 50 40 40 40 20 190 400 70 130 200 100
Name of learner

ANNEXE 18: ASSESSMENT RECORD SHEET FOR GRADE 9

(TO BE RELEASED PRIOR JANUARY 2026, ALIGNED WITH THE SCHOOL CALENDAR OF 2026)

Accounting Syllabus Grades 8 & 9, NIED 2024

53
The National Institute for Educational Development
Private Bag 2034
Okahandja
NAMIBIA

Telephone: +264 62 509000

Facsimile: +264 62 509073

Email: [email protected]
Website: http://www.nied.edu.na