2026 MEMO EMS Grade 9 June Exams Paper 1 TERM 2 GRADE 9 EMS THUNDEREDUC

Añadido: 2026-05-10

[00:00:24]greetings. So today we'll be doing EMS grade 9 paper one. So now we can start.

[00:00:30]So section A we have the short questions. Then under short questions we have our question one. It says choose the most appropriate answer from the list given below. Write down only the correct letter A to D next to the relevant number in the space provided.

[00:00:44]So for example 1.1 1.11 it's a. So a duplicate is the source document used to record a credit sale. Okay. So now if we sold on credit or if we sold we are going to issue what we call a receipt.

[00:01:02]So here we are going to get our answer which is a which is receipt. Then choose the correct formula of the accounting equation. Okay. So if we check the correct formula of the accounting equation A it cannot be our correct formula of the accounting equation. Uh B it cannot. C it also cannot because our accounting equation it's asset equals owner's equities plus liability. So our option is going to be D. So entries in the datas journal are made on A. So we have to check they made on a monthly basis. No that's false. They are made on a yearly basis. No that's false. But they are made on a daily basis. So if a transaction take place it means that they should be recorded on a daily basis in the journal. So payments made for rates and taxes they are recorded in there. So since is the payment it means that this money going out. Since is the money going out is going to affect our cash payment journal. So our cash receipts journal no creditors journal no but our C which is our cash payment journal. Then the right side of the ledger it's positive. It can be a positive because on our ledger account we have two we have two sides which is the debit side and the credit side. So it's either is the debit or the credit.

[00:02:16]So the positive it can be when we check our B B we have the debit the debit is the left hand side while the credit is the right hand side so 1.1.5 we are going to take C. So choose the most appropriate answer for uh from column B to match the term in column A only write the correct letter A to D next to the question number 1.2.1 to 1.2.5 in the space provided at the end of the question. So now we have a data. So if you can explain a data a data comes from the word that. So basically a data it's a person who owes the business money. So let's go and check for the option. So legislation it can be a data. The maximum amount the customer can buy it can be a data. But when you go to see a data it's a person who owes the business money. So here our answer is going to be C. So 1.2.1 we have C. Then 1.2.2 we have an invoice. So an invoice it's usually a source document that is issued when goods are sold on credit. So if we check a legislation it can be B the maximum amount it can be C it's already chosen then our most perfect answer it's going to be D a document issued to a customer with goods are sold on credit so here we are going to have and then on the data general this is the journal where we record when we sell on credit now if we check legislation that regulates no the maximum amount the customer can buy no uh C and D they already chosen then a general where credit sales transactions are recorded.

[00:03:44]So the correct option for data general is going to be E. And then you have the credit limit. Credit limit that's when it becomes the maximum amount a customer can buy on credit. So for our credit uh limit we are going to have B. Then 1.2.5 we have the National Credit Act. The National Credit A is the law or the legislation that regulates the lending of money. So our option for National Credit Act is going to be A. So indicate whether the following statements are true or false. Write only true or false in the space provided at the end of the question. So trial balance is the summary of the general ledger and account balances. So we are going to say it's true because the amount that are recorded in the trial balance they are being taken from the general ledger. So gen the trial balance is going to be the summary of the general ledger. So when we sell on credit assets decrease because our datas owe us money. Okay. So here it's going to be false. Why is it going to be false? Because the data is a person that owns the business and the data is classified as an asset. So when we sell goods on credit, it means that our data's control is supposed to increase. A trading business is the business that deals with buying and selling of goods. So we are going to say it's true because the trading business it deals with the buying and selling of goods while a service business they deal with rendering a service. So data channel is an example of a subsidiary book. So we are going to say true because it's one of the subsidiary generals. Cost of sales is an asset and it increases on the debit side. So we are going to say it's false. Cost of sales increases on the debit side but cost of sales is not an asset. Our cost of sales is our expense. So now let's move. So section B we have our financial literacy. Question two we have our journals. So record the transactions in the following journals of traders for the month of February 2024. The business uses a profit markup of 25%, round off all your answers to the nearest rent. So we are required to do the CRJ. So in the CRJ we record the money coming in. In the CPJ we record the money going out.

[00:05:45]In the datas journal we record the goods that you have sold on credit. So we basically record our credit sales. So we are not required to close off the journals. Now let me just open section B and our journals. So Pel deposited 1,500 into the business bank account in part payment of her account. So money came in means that it's going to affect the CRJ.

[00:06:09]So in our CRJ since we don't have the document number, we are going to record the bank statement. So here under document number, we are going to have the bank statement. And then when we check the day, we have day five and then it's Pel.

[00:06:24]So here we have day five and then we have P Patel.

[00:06:29]So P Patel paid how much? Pattel paid 1,500 in the bank account of the business. So here we are going to record 1,500 also on our bank account 1,500. So Pel it's our data. It means that we are going to record under datas control. So we also have 1,500 under data control.

[00:06:56]Then paid St Motors by internet payment for repairs uh for the owner's car 3,975.

[00:07:05]So now since we paid it means that the money went out. Since the money went out, it means that the entry will affect the CP J because money is going out which is the cash payment journal. So now we have data since we are not given any document number we are we are going to say we have EFT.

[00:07:25]So here under CPJ we have EFT and then when we check the day we have day 10 we paid Sto Motors. So we have Dayton and then we have Stello Motors.

[00:07:42]So how much did you pay? It's 3,975.

[00:07:46]So here we have 3,975.

[00:07:53]So if we check this was for repairs for the owner's car. So anything that the owner takes or uses for personal use is going to be classified as drawings. It means that this entry should be recorded under drawings. So since we don't have any column for drawings in our CPJ, it means that you're going to record it under sunry account. So we have 3,975 and then under details we are going to write draw wings because anything that the owner takes for personal use we classified as throwings. So owner Kali increase the capital contribution from 50,000 to 80,000. Receipt number 90 since the owner deposited money in the bank account of the business it means that money came in. Since the money came in, it means that the entry should be recorded in the CR G which is our cash receipt journal. So now if you can check how much did the owner increase this capital with. So the capital was 50,000.

[00:08:54]The owner increased it to 80,000. So we are going to say 80,000 minus 50,000.

[00:09:02]It means that the owner increased the capital by 30,000.

[00:09:07]So this 30,000 should be recorded on our CRJ. So we are given the document number which is our number 90.

[00:09:15]So here on our CRJ we are going to have number 90 and then we have our day 12.

[00:09:21]The owner is Kali.

[00:09:24]So day 12 we have Kali.

[00:09:28]So how much is the amount that Kali deposited? It was 30,000.

[00:09:34]So here we are going to record 30,000 under bank account. Then this 30,000 is for capital. Since we don't have any column for capital, it means that it should be recorded under Sandre account.

[00:09:50]So Sandre account we are going to have 30,000 and then this 30,000 is for capital.

[00:10:00]So bought merchandise from colorful pants paid by EFT. So since we paid by EFT, it's going to affect the CPJ.

[00:10:08]So CPJ, we are going to record EFT since we don't have the document number. So we have the EFT. And then when we check the day, it's day 15. So we have day 15, we bought from colorful paint. So day 15 here is from Colorful Paint.

[00:10:33]So it's 6,540.

[00:10:37]So we are going to record 6540.

[00:10:39]We bought merchandise. So if we bought merchandise or we bought goods, it means that we bought the trading stock. So here we are going to say 6,540.

[00:10:50]With the 6540 we bought the trading stock. So also under trading stock we are going to say 6540.

[00:11:01]So cash sales according to the cash register on. So since we sold for cash it means that the money came in. Since the money came in it means that the entry should be recorded in the CR J.

[00:11:17]So here the entry should be recorded in the CRJ. So if we check we have the cash sales of 1,500.

[00:11:26]So here our document number we are going to have the CRR which is our cash register. And then we have day 18.

[00:11:36]So here we have day 18. And then since we sold we are going to say sales. We sold for how much? 1,500.

[00:11:45]So here we are going to record 1,500.

[00:11:49]also 1,500 and then our sales is 1,500.

[00:11:54]So we are not given the cost of sales.

[00:11:56]We are required to calculate it ourselves. So we are given the markup of 25%.

[00:12:02]We are going to say cost price plus profit equals to selling price. Our cost price is always 100%.

[00:12:10]And then we are given the markup of 25%.

[00:12:13]Which gives us a selling price of 125%.

[00:12:17]Now what do we want? You want the cost price which is our cost of sales which is 100%. So we are going to say we want the 100 divided by what do we have which is the one 25%.

[00:12:29]Then multiplied by the amount that we have for our sales which is 1,500.

[00:12:34]So multiplied by 1,500 and then we get our cost of sales which is 1,200.

[00:12:43]So here under cost of sales we are going to record 1,200.

[00:12:47]So we are done with our CRJ and CPJ sold trading stock to MAGA with the cost price of 2500 issued invoice 101. So it means that we have sold on credit. The entry will now affect our DJ which is our datas journal. Okay. So let's go and record this entry in our data journal.

[00:13:12]So this is our data journal.

[00:13:16]So data general are we given the document number? Yes, we are given the invoice which is invoice one uh 101. So we are going to use that invoice as our document number. So now here we have invoice 101.

[00:13:37]Then when we check the day we have day 29. So it's mala.

[00:13:42]Day 29 we have m Marala. So since this is our data, we are going to write D1 because it's our first data that we have. Then we are given the cost price of 2,500.

[00:13:58]So under cost price, we have 2, 500. But now we need to calculate our sales. That's when we are going to say our cost price plus profit equals to selling price. Our cost price is always 100%.

[00:14:13]We are given the markup of 25%, which gives us the selling price of 125%.

[00:14:20]Now what do we want? We want the sales which is our one 25%. Divided by what do we have which is the cost price of 100%.

[00:14:29]Multiplied by our cost price of 2,500 and then you get our selling price or our sales of 3,125.

[00:14:38]So here we are going to record 3,125.

[00:14:43]So we are not required to close off the journals. So we are done. You can move to the next question. So question three, complete the following analysis of transactions into accounting equation.

[00:14:55]So we are required to do the accounting equation. So cash sales of merchandise according to the cash register ro 3,600 and the cost price is 1,300.

[00:15:07]So always when we sell we have the four accounts affected. Okay. So let's go check on our answer sheet our accounting equation.

[00:15:17]So now since we sold it means that let's check we sold for cash on credit. So cash sells according to the cash register on. So if we sold for cash it means that here we should have bank.

[00:15:33]Why? Because there's a movement of cash.

[00:15:36]So the account debited is going to be bank. Since money came in, we sold for cash. The journal is going to be CR J. And then the entry it's 3,600. Bank account. It's our assets. Our assets are increasing by 3,600.

[00:15:51]Our sales is an income. Our income is going to increase our owner's equity.

[00:15:57]Now we have our cost of sales that is debited on the debit side. Now we always decrease our trading stock using the cost of sales. So the account credited is going to be trading stock. Why?

[00:16:08]Because trading stock is our asset.

[00:16:10]Since we have sold our trading stock, it means that our assets decreased on the credit side. So cost of s is an expense.

[00:16:18]It's going to decrease our owner's equity. And then trading stock, it's going to decrease our assets. So here we are going to have minus 1, 300.

[00:16:31]Then we move to the general uh ledger.

[00:16:38]You are supplied with information from the books of Russi level traders. Post the following computed journals to the data control account in the general ledger. Okay. So we are required to do the data control account.

[00:16:56]So before we do the datas control account we should ask ourself what is uh the account for datas control. So data control is classified as our asset meaning that it's going to increase on the debit side and then decrease on the credit side. So we are given the opening balance which is 30,000.

[00:17:19]So if we check here we have the CRJ it can affect the datas control but under CRJ we have the datas control 1,500.

[00:17:29]So money came in it means that our datas paid us. Since our data paid us it means that the account should decrease on the credit side. So here we have we have 20 24 we have 29. So here we are going to say bank from the CRJ because we received the money from our datas. So here we have bank from the CRJ that bank from the CRJ it's 1,500.

[00:18:00]Then when we check you also have the datas journal. So datas channel it means that we have sold on credit. So we sold on credit for 1750.

[00:18:10]So when we sell on credit our datas console increases on the debit side. So here we are going to have day 29. Since we sold we are going to say sales but we sold on credit it means that is the sales from the DJ.

[00:18:26]So how much is our sales from the DJ?

[00:18:28]It's 1,750.

[00:18:31]So here we are going to have 1,750.

[00:18:39]Then now we are done with our general ledger. We can balance our ledger accounts. So when we balance our ledger accounts, we are going to check which side is the bigger side. So when I check here, the bigger side is the debit side.

[00:18:54]Why? Because 30,000 + 1,750, we get 31,750.

[00:19:01]So we're going to use the same figure to balance both accounts. Even this side we're going to have 31,750.

[00:19:09]And then to get our balance carried down we are going to say the bigger side which is 31,750 minus 1,500.

[00:19:18]Then here we get our closing balance which is our balance carried down. Now our balance carried down will be 30,250 and our balance carried down should be our balance brought down. on the opposite side on the following month. So we are going to have March 2024 on the first. So here we're going to have our opening balance which is our balance brought down. Now our balance brought down should still be 30,250.

[00:19:51]So we move to our trial balance. So let's check the information that affects the trial balance. So use the information below to compile the trial balance of Rasi level traders for May 2024. So we have the datas control of 10,000. We have the rent income of 1,500. We have the cost of sales of 3,500.

[00:20:12]So our trial balance is divided into two parts. We have the balance sheet account section. What do we record under balance sheet account section? We record our assets. We record our owner's equities plus liabilities. So the most accounts that mainly affect the owner's equity.

[00:20:30]So here it's capital and drawings. So these are the things that are recorded in the accounting equation in the balance sheet. Then under nominal accounts we record our incomes and expenses.

[00:20:47]So we record our income and expenses under nominal accounts section. So now when we do our trial balance we start with our balance sheet balance sheet account section. So we already have the capital if you can check the capital it's 15,000. So 1 z it's missing 15,000 and then we are given the opening balance of the data control which is 10,000. Since data control is an asset it means that this 10,000 will be recorded on the debit side. So we have 10,000 here on the debit side. And then cost of sales, it's our expense. It's going to be on the debit side. We are going to have the 3,500 for cost of sales on the debit side. And then rent income, it's our income. Our income increases on the credit side. So now we are given the rent income of 1,500.

[00:21:40]We are going to record this 1,500 on the credit side.

[00:21:46]Uh and then now we have our wages which is uh 3,000. Okay. So now we need to calculate.

[00:21:55]So 10,000 + 3,500 + 3,000 it gives us a total of 16,500.

[00:22:04]And then when we also calculate the balance of the credit side 15,000 + 1,500 we still get the balance of 16,500.

[00:22:14]So our trial balance is balancing. So thank you.

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