Introduction
Good morning learners. In the previous lessons you learnt about journals their purposes. Today you will learn about a NEW journal, The General Journal. Watch the video provided below for today’s lesson.
Task
Date: 27 August 2021
Answer all the questions in the activity below after watching the video above:
a) Write off the account of J. Jan as irrecoverable, R500.
b) The owner donated stock, R990 (cost price) to the Children’s Home. It was mistakenly debited to Drawings.
c) The owner withdrew stock, marked at R1 500, for personal use.
d) Charged debtor A Audries 10% p.a interest on her overdue account of 3 months. She owed R600.
Process
Use the additional resources provided below to get more insight for the above instructions:
https://wcedeportal.co.za/eresource/94311
Evaluation
| QUESTION NUMBER | MARK ALLOCATION |
| A | 5 |
| B | 4 |
| C | 5 |
| D | 6 |
| TOTAL | 20 |
Conclusion
Please study these basics they are very important for the next session. Watch the videos provided and use the pdf provided to learn more about this topic. Please watch the video below to prepare for our next lesson which will be building up on the work done today.