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4.7 Transferring the auxiliary journals to the ledger (Page 3/3)

Bank – credit with cash payments(Asset that decreases is credited.)

ASSIGNMENT 9 : Transfer of all the auxiliary journals - CRJ, CPJ, DJ and CJ

Use the completed journals of Enslin Dealers (ctivity 3.4 Assignment 2) and transfer them.

Assessment

Learning Outcomes(LOs)

LO 3
MANAGERIAL, Consumer and Financial Knowledge and SkillsThe learner will be able to demonstrate knowledge and the ability to apply responsibly a range of managerial, consumer and financial skills.
Assessment Standards(ASs)

We know this if the learner :
3.1 completes a basic income statement and balance sheet for a service and retail business;
3.2 investigates the public relations, social responsibility and environmental responsibility strategies and actions of different businesses and organisations;
3.3 completes cash and credit transactions in the books of service and retail businesses;
3.4 uses keyboard skills and function keys in developing, storing, retrieving and editing business documentation;
3.5 analyses financial statements for decision-making at a basic level;
3.6 differentiates between the forms of credit purchases.

Memorandum

ACTIVITY 1

ASSIGNMENT 1

General Ledger of Mzondi Plumbers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Capital	B1
						Sept.	1	Bank	CRJ3.1.1	50 000	-
		Bank	B2
Sept.	30	Total receipts	CRJ3.1.1	56 286
		Nominal Accounts Section
		Current Income	N1
						Sept.	30	Bank	CRJ3.1.1	6 286	-

ACTIVITY 1

ASSIGNMENT 2

General Ledger of Levubu Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Capital	B1
						Jul.	1	Bank	CRJ3.1.2	130 000	-
		Trading Inventory	B2
						Jul.	31	Cost price of sales	CRJ3.1.2	8 720	-
		Bank	B3
Jul.	31	Total receipts	CRJ3.1.2	140 900	-
		Nominal Accounts Section
		Sales	N1
						Jul.	31	Bank	CRJ3.1.2	10 900	-
		Selling Costs	N2
Jul.	31	Trading Inventory	CRJ3.1.2	8 720	-

ACTIVITY 1

ASSIGNMENTS 3

General Ledger of Levubu Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Equipment	B1
Jul.	6	Bank	CPJ3.1.2	6 000	-
		Vehicle	B2
Jul.	15	Bank	CPJ3.1.2	23 300	-
		Trading Inventory	B3
Jul.	31	Bank	CPJ3.1.2	14 500	-
		Bank	B4
						Jul.	31	Total Payments	CPJ3.1.2	49 809	-
		Nominal Accounts Section
		Stationery	N1
Jul.	31	Bank	CPJ3.1.2	220	-
		Rental Expenditure	N2
Jul.	2	Bank	CPJ3.1.2	1 400	-
		Trade Licence	N3
Jul.	8	Bank	CPJ3.1.2	150	-
		Telephone	N4
Jul.	18	Bank	CPJ3.1.2	125	-
		Salary	N5
Jul.	26	Bank	CPJ3.1.2	2 650	-
		Fuel	N6
Jul.	28	Bank	CPJ3.1.2	78	-
		Water and Electricity	N7
Jul.	30	Bank	CPJ3.1.2	56	-
		Wages	N8
Jul.	31	Bank	CPJ3.1.2	1 330	-

ACTIVITY 1

ASSIGNMENT 4

General Ledger of Lubbe Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Capital	B1
						May	1	Bank	CRJ3.1.3	80 000	-
		Trading Inventory	B2
						May	31	Selling costs	CRJ3.1.3	2 220	-
		Bank	B3
May	31	Total Receipts	CRJ3.1.3	82 960	-
		Nominal Accounts Section
		Verkope	N1
						May	31	Bank	CRJ3.1.3	2 960	-
		Selling Costs	N2
May	31	Trading Inventory	CRJ3.1.3	2 220	-

ACTIVITY 1

ASSIGNMENT 5

General Ledger of Gesina Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Trading Inventory	B1
						Apr.	30	Selling costs	DJ3.2.1	1 641	-
		Debtors Control	B2
Apr.	30	Sales	DJ3.2.1	2 188	-
		Nominal Accounts Section
		Sales	N1
						Apr.	30	Debtors control	DJ3.2.1	2 188	-
		Cost Price of Sales	N2
Apr.	30	Trading Inventory	DJ3.2.1	1 641	-

ACTIVITY 1

ASSIGNMENT 6

General Ledger of Toledo Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Equipment	B1
May	1	Creditors Control	CJ3.2.1	380	-
		Trading Inventory	B2
May	31	Creditors Control	CJ3.2.1	2 783	-
		Creditors Control	B3
						May	31	Sundry Purchases	CJ3.2.1	4 958	-
		Nominal Accounts Section
		Stationery	N1
May	31	Creditors Control	CJ3.2.1	405	-
		Packaging Material	N2
May	31	Creditors Control	CJ3.2.1	605	-
		Repairs	N3
May	12	Creditors Control	CJ3.2.1	500
		Advertisement	N4
May	25	Creditors Control	CJ3.2.1	285	-

ACTIVITY 1

ASSIGNMENT 7

General Ledger of Highway Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Trading Inventory	B1
						May	31	Selling costs	DJ3.3.1	896	-
						Jun	30	Selling costs	DJ3.3.2	192	-
						Jun	30	Selling costs	CRJ3.3.1	9 280	-
		Debtors Control	B2
May	31	Sales	DJ3.3.1	1 120	-	Jun.	30	Bank	CRJ13	760	-
Jun.	30	Sales	DJ3.3.2	240	-
		Bank	B3
Jun.	30	Total receipts	CRJ3.3.1	12 360	-
		Nominal Accounts Section
		Sales	N1
						May	31	Debtors control	DJ3.3.1	1 120	-
						Jun.	30	Debtors control	DJ3.3.2	240	-
						Jun.	30	Bank	CRJ3.3.1	11 600	-
		Selling Costs	N2
May	31	Trading Inventory	DJ3.3.1	896	-
Jun.	30	Trading Inventory	DJ3.3.2	192	-
	30	Trading Inventory	CRJ3.3.1	9 280	-

ACTIVITY 1

ASSIGNMENT 8

General Ledger of Marais Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Withdrawals	B1
Apr.	15	Bank	CPJ3.4.1	500	-
		Furniture and Equipment	B2
Apr.	18	Bank	CPJ3.4.1	400	-
		Vehicles	B3
Apr.	8	Creditors control	CJ3.4.2	7 500	-
		Trading Inventory	B4
March	31	Creditors control	CJ3.4.1	2 340	-
Apr.	30	Creditors control	CJ3.4.2	1 317	-
Apr.	30	Bank	CPJ3.4.1	1 550	-
		Bank	B5
						Apr.	30	Total Payments	CPJ3.4.1	7 823	-
		Creditors Control	B6
Apr.	30	Bank	CPJ14	3 568	-	March	31	Sundry purchases	CJ3.4.1	3 948	-
						Apr.	30	Sundry purchases	CJ3.4.2	9 427	-
		Nominal Accounts Section
		Wages	N1
Apr.	30	Bank	CPJ3.4.1	210		-
		Advertisements	N2
March	10	Creditors control	CJ3.4.1	258	-
Apr.	20	Bank	CPJ3.4.1	235	-
		Salary	N3
Apr.	30	Bank	CPJ3.4.1	1 250	-
		Stationery	N4
March	31	Creditors control	CJ3.4.1	345	-
Apr.	30	Creditors control	CJ3.4.2	280	-
		Vehicle Expenses	N5
March	31	Creditors control	CJ3.4.1	380	-
Apr.	30	Creditors control	CJ3.4.2	330	-
		Packaging Material	N6
March	31	Creditors control	CJ3.4.1	625	-
		Water and Electricity	N7
Apr.	6	Bank	CPJ3.4.1	110	-

ACTIVITY 1

ASSIGNMENT 9

General Ledger of Enslin Dealers

		Balance Sheet Section
Date	Details	Fol	Amount		Date	Details	Fol	Amount
		Capital	B1
						Nov.	1	Bank	CRJ3.4.1	20 000	-
							10	Bank	CRJ3.4.1	10 000	-
										30 000	-
		Withdrawals	B2
Nov.	21	Bank	CPJ3.4.2	100	-
		Vehicles	B3
Nov.	2	Bank	CPJ3.4.2	7 800	-
		Equipment	B4
Nov.	1	Creditors control	CJ3.4.3	2 630	-
	10	Bank	CPJ3.4.2	1 310	-
	30	Bank	CPJ3.4.2	700	-
				4 640	-
		Trading Inventory	B5
Nov.	30	Bank	CPJ3.4.2	1 720	-	Nov.	30	Selling costs	DJ3.4.1	1 960	-
	30	Creditors control	CJ3.4.3	5 950	-		30	Selling costs	CRJ3.4.1	3 000	-
							30	Balance	b/f	2 710	-
				7 670	-					7 670	-
Dec.	1	Balance	c/f	2 710	-
		Debtors Control	B6
Nov.	30	Sales	DJ3.4.1	2 750	-
		Bank	B7
Nov.	30	Total Receipts	CRJ3.4.1	33 750	-	Nov.	30	Total Payments	CPJ3.4.2	12 405	-
							30	Balance	b/f	21 345	-
				33 750	-					33 750
Dec.	1	Balance	c/f	21 345	-						-
		Creditors Control	B8
						Nov.	30	Sundry Purchases	CJ3.4.3	11 253	-
		Nominal Accounts Section
		Sales	N1
						Nov.	30	Bank	CRJ3.4.1	3 750	-
							30	Debtors control	DJ3.4.1	2 750	-
										6 500
		Cost Price of Sales	N2
Nov.	30	Trading inventory	CRJ3.4.1	3 000	-
	30	Trading inventory	DJ3.4.1	1 960	-
				4 960	-
		Wages	N3
Nov.	30	Bank	CPJ3.4.2	300	-

		Stationery	N4
Nov.	30	Bank	CPJ3.4.2	340	-
	6	Creditors control	CJ3.4.3	312	-
				652	-
		Telephone	N5
Nov.	15	Bank	CPJ3.4.2	135	-
		Packaging Material	N6
Nov.	30	Creditors control	CJ3.4.3	1 740	-
		Repairs	N7
Nov.	22	Creditors control	CJ3.4.3	621	-

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OpenStax, Economic and management sciences grade 9. OpenStax CNX. Sep 15, 2009 Download for free at http://cnx.org/content/col11074/1.1

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