You have started a business from an old train, buying and selling sweets. The name of the business is the Sweet Xpress. Assume that your bank balance is favourable at all times.
Transactions On the 1st January 20.12, you decided to start a sweets business, buying and selling sweets. For this venture, you have saved R20,000 to start your business. You have decided to start your business from an old train and rent it from your uncle for R1000 a month. Pay the rent for the month of January 20.12 We need to purchase a counter, shelves for display of the sweets and some light fittings. These items are called Equipment. We purchase the items from Makro for R5000 on the 3rd January 20.12. The companies phoned on the 4th January to say that they received your purchase orders and that the stock will be ready after you have paid. They provided their banking details and you need to make an EFT before the orders can be processed. They have sent you cash invoices to be paid immediately. The cash invoice for Sweets for Africa amounts to R697.33 and the one for The Chocolate Factory is R912.78. Pay R2000 on the 5th January 20.12 for signage of the shop as well as a month’s advertising in the local newspaper. Pay R200 for the packaging material and R50 for each child per day. They are helping for 5 days and Jeff, Steph and Sam were hired for the 5 days. We took Milo to the vet who confirmed that he is in good health and bought Royal Canin food for him whilst there. The vet bill came to R300. This is split into 50/50 for Security and Advertising.
Transactions On the 6th January 20.12 your uncle came for a visit to view the progress of the restaurant. After long discussions and forecasts, he decided to offer you an interest free loan, to be paid back in 5 year’s time. The amount of the loan is R50,000. We had an extra laptop at home to the value of R6000 and decided to contribute it as Capital for use in the business. Place an order through PY Restaurateurs and receive an invoice from them. The total came to R25934.00 and the transaction is on credit. The Cash takings after opening day were as follows: The total amount is R1420 and the cost price is R710
Task 1 Click on the pictures to return to transactions
Accounting Equation
Assets
Owner’s Equity
Liabilities
On the 1st January 20.12, you decided to start a sweets business, buying and selling sweets. For this venture, you have saved R20,000 to start your business.
+20000.00
+20000.00
You have decided to start your business from an old train and rent it from your uncle for R1000 a month. Pay the rent for the month of January 20.12 We need to purchase a counter, shelves for display of the sweets and some light fittings. These items are called Equipment. We purchase the items from Makro for R5000 on the 3rd January They provided their banking details and you need to make an EFT before the orders can be processed. They have sent you cash invoices to be paid immediately. The cash invoice for Sweets for Africa amounts to R697.33 and the one for The Chocolate Factory is R912.78.
Pay R2000 on the 5th January 20.12 for
signage of the shop as well as a month’s advertising in the local newspaper.
Pay R200 for the packaging material and R50 for each child per day. They are helping for 5 days and Jeff, Steph and Sam were hired for the 5 days. We took Milo to the vet who confirmed that he is in good health and bought Royal Canin food for him whilst there. The vet bill came to R300. This is split into 50/50 for Security and Advertising. On the 6th January 20.12 your uncle came for a visit to view the progress of the restaurant. After long discussions and forecasts, he decided to offer you an interest free loan, to be paid back in 5 year’s time. The amount of the loan is R50,000. We had an extra laptop at home to the value of R6000 and decided to contribute it as Capital for use in the business.
Place an order through PY Restaurateurs and receive an invoice from them. The total came to R25934.00 and the transaction is on credit.
The Cash takings after opening day wereas follows: The total amount is R1420 and the cost price is R710
Task 2
1
Answers: 1 2
2
Task 3
1 2
Answers: 1 2 3
3
Task 4
1
2
4
Answers: 1 2 3 4 5
3
5
Task 5
1
Answers: 1 2 3
2
3
Task 6
1
Answers: 1 2
2
Task 7
1
Answers: 1 2 3
2 3
Task 8
The invoice has to be split 50/50 for Advertising and Security.
invoices to be paid immediately. The cash invoice for Sweets for. Africa amounts to R697.33 and the one for The Chocolate Factory. is R912.78. Pay R2000 on the 5th January 20.12 for signage of the shop as. well as a month's advertising in the local newspaper. Pay R200 for the packaging material and R50 for each child.
1898. Guam acquired,1898. Wake Island annexed,1899. AUSTRALIA. American. Samoa annexed,1899. Midway Island annexed,1867. Hawaii annexed,1898. JAPAN. CHINA. RUSSIA. CANADA. UNITED STATES. CENTRAL. AMERICA .... Source: Frank Bellew, Harper's Weekly, Oc
She sells seashells by the seashore. Name. Verb. Noun 1. Noun 2. Bill bought berries backdoor. Ben built baseballs bunches. Beth baked bricks ballpark ...
Page 2 of 6. The way we taught students in the past simply does not prepare. them for the higher demands of college and careers today and in the. future. Your school and schools throughout the country are working to. improve teaching and learning to
Retrying... Download. Connect more apps... Try one of the apps below to open or edit this item. Grade 8 Portuguese.pdf. Grade 8 Portuguese.pdf. Open. Extract.
displacements at equal intervals of time. When a jeepney starts moving, it speeds. up. When a jeepney nears a stop sign, it slows down. The jeepney is covering.
S:ESS1:6:2.1 Differentiate between renewable and non-renewable resources. S:ESS1:8:2.1Describe the layers of the Earth, including the core, mantle, ...
You may use the following formulas to solve problems on this test. Pythagorean theorem. Distance formula. Slope of a line. Slope-intercept form. Point-slope.
... dictionary, small notebook for journaling. ⢠Most classes require a separate 3-ring binder (narrow, small back) with dividers. ⢠Markers. Page 1 of 1. Grade 8.pdf.
Samantha who made this possible for me. Without. you I could not have done this! Samantha, you have. been my greatest inspiration in writing this book,.
Loading⦠Whoops! There was a problem loading more pages. Whoops! There was a problem previewing this document. Retrying... Download. Connect more apps... Try one of the apps below to open or edit this item. Grade 8 ELA.pdf. Grade 8 ELA.pdf. Open. E
Then she heard her husband's step on the gravel path. behind the bungalow, the path that led to the court- house in which he had been working, and she rose.
May 14, 2013 - Populations (Inv.1); Frogs, Fleas, and Painted Cubes (Inv. 1). 2. Reason abstractly and quantitatively. CMP provides help to teachers in creating classroom environments where students have opportunities to âtalkâ mathematics, to en
Loading⦠Whoops! There was a problem loading more pages. Whoops! There was a problem previewing this document. Retrying... Download. Connect more apps... Try one of the apps below to open or edit this item. Grade 8 Math Stars.pdf. Grade 8 Math Star
smoking on the different parts. of the body. b. Discuss the dangers of. mainstream, sidestream or. second-hand and third-hand. smoke. c. Explain the impact of ...
There was a problem previewing this document. Retrying... Download. Connect more apps... Try one of the apps below to open or edit this item. Grade 8 Health ...
May 14, 2013 - Expressions and Equations. Work with radicals and integer exponents. 8.EE.1. Know and apply the properties of integer exponents to generate.
Page 1 of 35. Someone said, "A picture is worth a thousand. words." Turning the words of a problem into a. picture or a diagram can help you "see" the. problem.
D. There are infinitely many solutions to this system. 3. Fill in the boxes with a whole number between ... Draw a line on the coordinate plan below that shows the.
