228 questions at Form 3 · JCE
Most triedMost missedNewest- Answer the following about drawings.
- A business paid Lolly Pop (Pty) Ltd P1 200 less 10% cash discount. Calculate the amount that was paid to Lolly Pop (Pty) Ltd. Show your working.
- 2018 October 10: Joyce returned goods worth P300 to Koi (Pty) Ltd.
- Answer the following about expenses.
- Thato is a trader. 2018 July 2: bought goods on credit from Thabang Wholesalers worth P500. July 3: Thato took goods worth P60 for personal use. Desc…
- Complete the table by stating two differences between a trading business and a service business.
- 2018 June 20: Tumisang Wholesalers paid ZBC (Pty) Ltd P400 by cheque. The bank account (running balance method) shows June 1 Balance b/d P1 000 DR. D…
- State two advantages of using a spreadsheet for recording financial transactions.
- State any two benefits of specialisation in the work place.
- Sophie bought a sewing machine and an electric iron to start her tailoring business. Classify the goods bought by Sophie for the tailoring business i…
- Explain one sustainable way in which a business could engage its workers.
- Complete the table by stating any two differences between wage employment and self employment.
- List two main features of a cash budget.
- Describe what a business opportunity is in a SWOT analysis.
- The Form 3E class at Ndi Junior School drafted their meeting agenda: (i) opening prayer, (ii) apologies, (iii) welcome remarks, (iv) …, (v) …, (vi) ……
- Give any two ways by which commercial banks can help business owners.
- Below is a conversation between Dorcas and a business owner. Dorcas: "Excuse me madam, the pot I bought here yesterday is leaking." Business owner: "…
- A grocery list: samp 5 kg; sorghum meal 2.5 kg; pepper 45 g; spaghetti 500 g.
- Joy: "I work as a Secretary. I earn P300 per day." Lameck: "I produce bricks. I earn P5 for each brick I make." Which type of pay rate is used for ea…
- In February 2019, the price of 500 ml milk was P5.90 and in August the same year the price was P9.90.
- The accounts shown below appear in Thuto's ledger: Cash Account, Chochos Wholesalers Account, Discount Received Account. Which of these accounts is a…
- What are trade payables?
- The debit side of a Three Column Cash Book has column headings labelled cash, bank and a missing heading labelled X.
- State two source documents which are used by a Petty Cashier when preparing a Petty Cash Book.
- Explain why a business should prepare an Income Statement.
- What name is given to an account used to record cash transactions in a non-profit making organisation?
- State two reasons why it is necessary for a trader to compare a business Cash Book with a business Bank Account (bank statement).
- Explain why a wages account is classified as a nominal account.
- Sam obtained a mortgage of P200 000 from BDB bank. Which two sections in Sam's Statement of Financial Position will be affected?
- The balances shown below were extracted from the books of John: Cash P100; Accounts payable P500; Accounts receivable P700. Calculate John's capital.…