Grade 9 – Voortrekker High School

Grade 9

EMS: ACCOUNTING
Grade 9

Consolidate term 1

CONCEPTS
Sole trader; debit; credit; capital; owner’s equity; income; expenses; profit; losses; transactions; liability; assets

ACCOUNTING EQUATIONS
CRJ TRANSACTIONS: assets = owner’s equity + liability (A = OE + L): analyse transactions of a retail business

SELLING PRICE, COST PRICE, PROFIT MARK-UP

CASH RECEIPTS JOURNAL
Record cash transactions of a retail business in the CRJ. Sales and cost of sales