Accounting: Introduction to the general journal

Introduction

Good Morning Grade 10 . The new topic for day is the introduction to the general journal. Please watch the YouTube video by following the link down below. 

 

 

Task

Due date 10 September. 

25 Marks 

Question 1 

Record the following transactions in to the general journal of BJ traders. Use the template that is provided to complete the task. 

3   Write off the account of R.OWE as irrecoverable debts of R300

9   B.GOOD(debtor) is declared insolvent. His estate paid a first and final dividend of 0,20c in

      the rand per EFT R292. Write off the balance as irrecoverable.                                                        

14  The owner withdrew stock valued at R15000 for personal use.

16   Charged debtor A. Andy 10% p.a interest on her overdue account of 3 months. She owed R600.

19   The owner donated stock valued at R990 to the Children’s Home. It was mistakenly debited as

        Drawings.

Doc

Date

Details

Fol

Debit

Credit

Debtors

Control

Credits

Control

 

 

 

 

 

 

Debit

Credit

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Process

Important Steps 

1. Always identify the accounts which should debited and credited. 

2. The narration is very important. Always provide one.

3. Ensure that the correct amounts is in the correct column 

The video below will also provide guidelines to complete the task. 

 

Evaluation

 Question 1 

Identification of accounts                             10 Marks
Narration                                                        5 Marks
Calculations                                                 10 Marks 

 

Conclusion

NB: The general journal is one of the topics that learners will used until grade 12. 

The video below will help to ensure that all aspects of the general journal is covered to extent 

 

Credits

The following links was used to provide the learning content for today's lesson