Introductory Accounting N4 — Memo

November 2018 — N4 — Introductory Accounting

N4 2018 Nated Business

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Q1— Section header —

1.1Less TWO marks if not rounded to the nearest Rand (Even if there is only 1 that is not rounded\. Then you work with the cents, and make sure it is correct.

1.2Less 2 marks if tipex is used

1.3Don t penalise the student more than once for a mistake.

Q2— Section header —

2.1If there was no entries made in the cashbook, no marks for the total of bank. If the wrong entries were made and the total is correctly calculated give him/her a circle mark.

2.2If the transactions are in more than one place (example in the bank reconciliation and cashbook, or both side of the cashbook\, no marks.

2.3If there is an amount under analysis of receipts, minus two (2\ marks.

2.4If the details of the bank reconciliation are wrong, only one (1\ mark for the amount if it is in the correct column.

2.5Make sure that the cr it balance as per cashbook in the reconciliation is the student s own balance.

2.6On the debit side of the cashbook you mark the bank column together with the details column.

2.7On the credit side of the cashbook you mark the bank column together with payee (Beneficiary\ column.

Q3— Section header —

3.1If the student wrote the amount in more than one column, no marks.

3.2If the student wrote under sundry account the correct account, but he/she fill the amount under the wrong column, no marks.

3.3If the transactions are in more than one place (example in the Petty cash journal, cash receipt journal, and the cash payment journal\, no marks.

3.4Bank deposit must be in line with the correct date.

3.5Must be commission received, rent received, discount received (not commission, rent and discount\, capital (not capital contribution\, etc.

3.6If the document number is left out, minus one (1\ in each journal.

3.7In the cash receipt journal you mark the analysis of the receipt column ogether with the details column.

3.8In the cash payment journal you mark the bank column together with the payee column.

3.9In the petty cash journal, the details column are marked together with total column. If one of the folio s number is left out or wrong in the petty cash account, minus one (1\ mark.

3.11In the petty cash account the details column are marked together with the amount column.

Q4— Section header —

Q1— Section header —

Q2— Section header —

Q3— Section header —

3.4ENERAL LEDGER OF MANGOUSTA FRUITS 31 JANUARY 2017 BALANCE SHEET SECTION DR PETTY CASH B9 CR

Q4— Section header —

4.1.1Co st of sales Trading stock at the beginning 51 300 Sales Gross Profit 165 060 Plus other Income: 141 800 Rent income

Q4— Section header —

Topics Identified

Bank ReconciliationFinancial StatementsDebtors ControlCreditors Control

Mark Allocation

Sections38 + 82 + 41 = 161 marks

Paper information

TitleMemo

SubjectIntroductory Accounting

LevelN4

Document typeNated Business

Year2018

MonthNovember

Pages14

Downloads3

Examination context

Decade2010s

Years ago8y

SeasonSpring (SH)

Start dayThursday

Exam periodNovember 2018

Days since exam2,901

About Introductory Accounting examination preparation

This TVET examination resource can be used as part of a structured revision programme. Past papers are most useful when learners attempt questions independently, work within a realistic time limit, and review their answers afterwards.

How to use this resource for revision

A TVET past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason — was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?

For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

understanding question requirements

applying subject knowledge

working under time constraints

checking answers

identifying revision priorities

A practical revision approach

Start by completing the resource without looking at the memorandum. Review incorrect and incomplete answers afterwards and make a short revision list based on the areas that caused difficulty.

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