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ACCOUNTING GRADE 10
MARKING GUIDELINES
TERM 2
PROJECT

2023

QUESTION TOPIC MARKS

1 Subsidiary Journals
45
2 General Ledger
29
3 Debtors Ledger and Internal Control
16

Total 90

90 ÷ 1.8 = 50 marks
Divide learners mark by 1.8

These marking guidelines consist of 8 pages.

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1.1.1 DEBTORS JOURNAL OF MAX TRADERS FOR MAY 2023 DJ5

Doc.
Sales Cost Of Sales
No. D Details F
51 1 M Minnie 3 800 2 375
52 8 L Lulu 1 600 1 000
Allocate one mark for totals 5 400 3 375
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1.1. 2 CREDITORS JOURNAL OF MAX TRADERS FOR MAY 2023 CJ5

Doc. Creditors Trading Stationery Equipment Sundry Accounts
No. D Details F Control Stock Amount F Details
X21 3 Barney Traders 450 450 Consumable stores
X22 7 Teddy Suppliers 7 500 7 500
X23 14 Queen Suppliers 27 555 18 000 855 8 700
20 Ziggy Suppliers 3 060 3 0 60
25 Reasonable Cars 60 000 60 000 Vehicle 
Allocate one mark for totals 35 505 25 500 855 8 700 450

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1.1.3 CREDITORS ALLOWANCES JOURNAL OF MAX TRADERS FOR MAY 2023 CAJ5
Doc. Creditors Trading Stationery Equipment Sundry Accounts
No. D Details F Control Stock Amount F Details
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1.2 GENERAL JOURNAL

GENERAL JOURNAL OF DABULA STORES ON 30 APRIL 2023

Debtors control Creditors control

D Details Dr Cr
Dr Cr Dr Cr
Totals 600 318 750 470

1 Drawings 570

Trading stock 570

2 Repairs 8 500

Land and buildings 8 500

3 Bad debts 900
A Pillay  900  900

4 L Davids 30  30
Interest on overdue
 30
account
5 S Masebe 510 510

M Mabaso 510 510

6 T Radebe 550 550

B Hadebe 550 550

Award a mark for correctly entered details and amount
Allocate one method mark for a minimum of two totals  1 140 2 278 1 300 470

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TOTAL MARKS

45
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QUESTION 2: GENERAL LEDGER

GENERAL LEDGER OF MOSELLA TRADERS

BALANCE SHEET ACCOUNTS SECTION

2.1.1
Dr TRADING STOCK B6 Cr
Date Details F Amount Date Details F Amount
2023 1 Balance b/d 83 000 2023 30 Cost of Sales CRJ 57 500
Apr Apr
30 Bank CPJ 30 400 Cost of Sales DJ 6 250
Creditors CJ 20 200 Creditors CAJ 5 100
Control  Allowance
Petty Cash PCJ 1 200
Cost of Sales DAJ 1 250 Balance c/d 67 200
136 050 136 050
May 1 Balance b/d 67 200

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2.1.2
Dr CREDITORS CONTROL B9 Cr
Date Details F Amount Date Details F Amount
2023 30 Bank & CPJ 21 600 2023 1 Balance b/d 22 000
Apr Apr
Discount
Received 
Creditors CAJ 12 200 30 Sundry CJ 32 000
Allowance  accounts

Balance c/d 20 200

54 000 54 000
May 1 Balance b/d 20 200

2.1.3
NOMINAL ACCOUNTS SECTION
Dr SALES N1 Cr
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TOTAL MARKS

29

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QUESTION 3: DEBTORS LEDGER AND INTERNAL CONTROL

3.1 DEBTORS LEDGER OF DOME TRADERS

D DALLY
Date Details Fol Debit Credit Balance
2023 1 Balance (account rendered) b/d  5 000
May
7 EFT CRJ 4 750  250

Discount allowed CRJ  250 0

10 Invoice 23 DJ 2 200  2 200

13 Credit note no.10 DAJ  250 1 950

3.2 INTERNAL CONTROL

3.2. Identify TWO problems presented in the information provided above.

1
Two Problems  
 Sello’s account has been outstanding for 60 days/ non- adherence to credit terms
 Lack of division of duties OR Le Roux is responsible handling debtors, collecting and
banking of cash received.

3.2.2 Which information must be verified by the owner of the business before approving
an application for credit purchases by customers? Provide TWO points.
Any Two valid points   
 New debtors must provide ID documents
 Proof of residence
 New debtors must provide three credit references which the debtors clerk must check for
good payment records
 Debtors must provide proof of income e.g. salary slip

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3.2.3 Provide THREE internal control measures that can be implemented to improve
collection from debtors.
Any three valid internal controls   
 Issue monthly statements in good time/timeously.

 Send reminders through text messages (SMS).

 Offer discounts to debtors for paying within the 30-day period.

 Charge interest on overdue accounts.

 Hand over debts to debt-collectors

TOTAL MARKS

16

2023 Accounting Grade 10 Project Marking Guidelines