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2024 Acc Grade 11 Written Report Ab

The document is a School Based Assessment for Grade 11 Accounting, focusing on Bank and Creditors Reconciliation for Term 1 of 2024. It includes various tasks and questions related to cash receipts, cash payments, bank reconciliation statements, and internal control procedures. The total marks for the assessment are 50, divided into two main questions.

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mavasampfumelelo5
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61 views4 pages

2024 Acc Grade 11 Written Report Ab

The document is a School Based Assessment for Grade 11 Accounting, focusing on Bank and Creditors Reconciliation for Term 1 of 2024. It includes various tasks and questions related to cash receipts, cash payments, bank reconciliation statements, and internal control procedures. The total marks for the assessment are 50, divided into two main questions.

Uploaded by

mavasampfumelelo5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ACCOUNTING GRADE 11

SCHOOL BASED ASSESSMENT

TERM 1: 2024

WRITTEN REPORT

NAME OF LEARNER
SCHOOL
DATE

QUESTION TOPIC MARKS LEARNER’S MODERATED


MARKS MARKS
1 Bank Reconciliation 33
2 Creditors Reconciliation 17
TOTAL 50

This answer book consists of 4 pages.


2

QUESTION 1: BANK RECONCILIATION AND INTERNAL CONTROL

1.1 CASH RECEIPTS JOURNAL OF LOFTUS TRADERS -DECEMBER 2023


DOC DATE DETAILS BANK SUNDRY DETAILS

31 Total b/d 120 000

CASH PAYMENTS JOURNAL OF LOFTUS TRADERS -DECEMBER 2023

Doc DATE DETAILS BANK SUNDRY DETAILS

31 Total b/d 95 910

1.2 BANK ACCOUNT

2024 Written Report - Grade 11 Answer Book


3

1.3 BANK RECONCILIATION STATEMENT OF LOFTUS TRADERS-


DECEMBER 2023
Debit Credit

1.4.1 As an internal auditor you do not agree to the use of services provided
. by Malherbe Aircons. Explain why you disagree in ONE point.

1.4.2 In your report discuss the correct procedure that must be followed by a
. business.
Before goods and services are ordered from suppliers.

Before payments are made to suppliers for provision of goods and


services

TOTAL MARKS

33

2024 Written Report - Grade 11 Answer Book


4

QUESTION2: CREDITORS RECONCILIATION AND INTERNAL CONTROL

2.1 CREDITORS RECONCILIATION


Creditors ledger of Statement of Account
Sondela Traders

Incorrect Balances 47 678 47 518


(i)
(ii)
(iii)
(iv)
(v)
(vi) 9

2.2 As an internal auditor you recommended that payments should be


made via EFT to the business’s suppliers.

Give TWO reasons to support your suggestion.

Give TWO internal control procedures to ensure control over this


system.

TOTAL MARKS

17

TOTAL MARKS: 50

2024 Written Report - Grade 11 Answer Book

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