Introduction
Financial records
We work to earn money to pay for goods and services. Financial documents such as accounts, till slips, banking statements, etc. help us to organise our finances.
Till slips and account documents
A till slip shows what we have bought as proof of payment. It is also a record of sales for the shop owner.
Task
By the end of this lesson learners will be able to:
- Define financial records.
- Read and understand a till slip.
- Identify VAT exempted items
- Calculate VAT on liable items.
- Give clear reasoning for zero rated items.
- Develop critical ways of organising money through or with financial documents.
Notes and usages of financial document and VAT calculations, watch the videos below:
Class task:
Process
Step 1:
Go through the introduction video and the summary to get a clear vision of what the topic is about.
Step 2:
Enter the Task bar to gain understanding of the content, and go through the till slip and it's activity to test yourself and see your progress.
Step 3:
Check the Evaluation section for the memo and marks allocation.
Step 4:
Respond to my feedback questions in order to find better ways of teaching and learning.
Step 5:
For extra queries learn to use my email to send messages.
Evaluation
Class task memo
Marks allocation:
A=2
B=4
C=2
D=6
E=6
Total 20 marks
Conclusion
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Credits
CAPS doc Grade 10 - 12