EXERCISE 10

Record the duplicate receipts for August 2006 into the CRJ

125

6

789

Receipt no 50 issued to B Bonto for baby sitting services, R 50, 00Issued receipt to H Hlomo for house cleaning services, R 150, 00Issued receipt to N Nomo, for fetching her children from school anddoing homework with them R 150, 00Issued 2 receipts for R 50 each. One to B Bonto for window washing and the other to D Dlamini for fetching water for the week.Issued receipt to S Simelane, R 75, 00 for services rendered at the informal market. Issued receipt to D Dlamini for plaiting her two little girls' hair for a function, R 50, 00 Issued receipt to J Zuma, for helping with wedding preparations, R 100, 00. Increased her Capital contribution by R 300, 00

Analyse the transactions and show their effect on the Accounting Equation.

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L01

02

05

06

09

48

= +

Date: ___________

DOC DATE DETAILSANALYSIS

OFRECEIPTS

CRJ

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF FOR

CURRENTINCOMEBANK

Ntombi Dlamini is the proud owner of an informal business. She washes windows in her neighbourhood. Ntombi also does other little jobs for extra income. Ntombi issues receipts to prove her income.

10

EXERCISE 11

48

Date: ___________

DOC DATE DETAILSANALYSIS

OFRECEIPTS

CRJ

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF FOR

CURRENTINCOMEBANK

D. Carefully is the owner of “SAFETY DRIVING SCHOOL”. He provides his customers with driving lessons and prepares them for their learners licence test.R65,00 per lesson (per hour) using own vehicle R95,00 per lesson (per hour) if using the driving

school’s transport R100,00 per lesson (per hour) prepare for learners

written test.

01 Receipt no 031 R 300, 00 W Harris to prepare her for a written test (3 Hours) 02 032 R 65, 00 to K Kimble for driving lesson03030304

033 R 95, 00 to R Riddley for driving lesson034 R 130, 00 to K Kimble for 2 driving lessons035 R 190, 00 to S Scott for 2 driving lessons036 R 100, 00 P Parker to prepare him for his written test037 R 500, 00 D Carefully for capital contribution

These are the totals of the duplicate till slips for services rendered at the end of the following days

02 R 235, 0004 R 345, 00

These are the duplicate receipts in his receipt book for June 2006

Clue: Remember to check for transactions that take place on the same day.

05

EXERCISE 14

W. Gietl is the owner of "Live Concerts" and is a Disc Jockey (DJ). He plays music for all occasions.According to his receipt book, these are the transactions that took place for the month of September 2009.

Record the transactions into the CRJ

125

6

789

Issued receipt no 23 to R Rich to play at her wedding, R 4 500Issued receipt to SS Functions R 3 500, 00Received R 2000, 00 from J Jones for playing at his 21st and a further deposit from R Reece for R 3 200, 00.P Porter accepted a quote for R 3 700, 00 and paid half deposit. Another payment was received from SS Functions for R 3 500, 00P Porter paid the balance owing.Issued a receipt to F Frasier for R 2 300, 00R Rick hired lighting from Live Concerts, issued receipt for R 550, 00

Analyse the transactions and show their effect on the Accounting Equation.

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L01

02

05

06

09

48

= +

Date: ___________

DOC DATE DETAILSANALYSIS

OFRECEIPTS

CRJ

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF FOR

CURRENTINCOMEBANK

EXERCISE 15

W Gietl owns "Lives Concerts". He is expanding his business to include hiring out of his equipment.

The following receipts were issued for October 2009. Record the transactions into the CRJ.

1 P Player hired 2 x Base Bins from Gietl @ R 300 ea. Issued receipt no 32.2 Wade increased his Capital contribution by R 25 000, 00.3 Issued receipt to DJ Joe for lighting and DJ decks R 2 500, 004 Issued a receipt to F Functions for a gig, R 3 500, 00

Received a deposit from A Arbor R 3 500, 00 7 A Arbor paid a further R 2000, 00 for DJ services at a school.8 DJ Yo, paid R 3 300, 00 for DJ decks, issued a receipt. W Gietl played a gig at H20 and banked R 5 200, 00.12 Issued a receipt to D Daisy for a deposit to play at her wedding. 50% of R 5 520, 0013 Issued a receipt for 2 hours overtime played at P Peter's 21st @ R 450 per hour.

DOC DATE DETAILSANALYSIS

OFRECEIPTS

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF FOR CRJ

CURRENTINCOME

Analyse the transactions and show their effect on the Accounting Equation.

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L02

13

BANK

49

= +

Date: ___________

EXERCISE 17

1 Issued receipt number 37 to J Julie for R 450, 00, monthly service fee3 P Green increased his capital contribution by R 2000, 003 Issued receipt to J Johnson for R 350, 00 for once up cleaning6 Issued a receipt to B Bright for R 250, 00 for pruning of roses

Received R 300, 00 from M Mary for services rendered 6 S Snap paid R 450, 00 for tree felling. Issued a receipt to her.9 D Duncan paid R 350, 00 for pruning the hedges. Issued receipt. P Green high pressured D Duncan's driviway for an additional R 200, 00. Added to the receipt.12 Issued a receipt to D Delf for a deposit to remove rubble. 50% of R 520, 0015 Issued a receipt for the balance owing by D Delf for rubble removed.25 Issued two receipts. The first one to K Klim for a monthly service fee R 550, 00 and the second one to J Johnson for removing a tree stump, R 225, 00

DOC DATE DETAILSANALYSIS

OFRECEIPTS

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF FOR CRJ

CURRENTINCOME

Analyse the transactions and show their effect on the Accounting Equation.

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L06

15

BANK

49

= +

Date: ___________

P. Green is the owner of Green Fingers Garden Service.

The following receipts were issued for September 2009. Record the transactions into the CRJ.

EXERCISE 19

R. Solice owns "Rose Candles". She makes candles. These are her receipts for February 2009

She decided to increase her % m.u. to 35%

Enter the transactions into the CRJ of "Rose Candles".

01 Issued receipt no 80 for candles to S. Spacey, R 1 250, 0002 Issued receipt to R Roper for centerpiece candles R 3 200, 0003 R. Solice increased her capital contribution by R 1 500, 0003 Cash sales according to CRR R 3 500, 0005 Sold R 2 000, 00 worth of candles to Woolworths and issued a receipt.06 Sold bath candles to the Bubble Shop R 800 and issued a receipt07 Sold more scented Valentines candles to Clicks, issued a receipt R500, 0017 Issued a receipt to Flowers Galore for candles R 1 500, 0021 Issued a receipt to SA Weddings for Candles R 2 500, 0024 Cash Sales according to CRR R 1 350, 00

CP =SP1

100X(100 + % m.u.)

DOC DATE DETAILSANALYSIS

OFRECEIPTS

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF CRJ ___

BANK SALESCOST

OFSALES

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L01

05

24

52

Analyse the following transactions and show their effect on the Accounting Equation.

= +

For

Date: ___________

EXERCISE 20

R. Solice owns "Rose Candles". She makes candles. These are her receipts for March 2009

Her % m.u. is 35,33%

Enter the transactions into the CRJ of "Rose Candles".

01 Issued receipt no 90 for candles to P Pollock, R 1 750, 0001 Issued receipt to F Francis for scented candles R 1 200, 0007 R. Solice increased her capital contribution by R 500, 0009 Cash sales according to CRR R 5 200, 0015 Sold R 1 200, 00 worth of candles to Pick n' Pay and issued a receipt.16 Sold rose candles to the Bubble Shop R 1 800 and issued a receipt16 Sold scented candles to Terrace Pharmacy issued a receipt R500, 0027 Issued a receipt to Dischem for candles R 1 350, 0029 Issued a receipt to M Macy for wedding candles R 2 500, 0030 Cash Sales according to CRR R 4 350, 00

CP =SP1

Date: ___________

X 100(100 + % m.u.)

DOC DATE DETAILSANALYSIS

OFRECEIPTS

CRJ ___

SUNDRY ACCOUNTS

DETAILSAMOUNT

CASH RECEIPTS JOURNAL OF

BANK SALESCOST

OFSALES

ACCOUNTING EQUATION

SOURCE DOCUMENT A O/E L07

27

30

53

Analyse the following transactions and show their effect on the Accounting Equation.

= +

For

CRJ CURRENT INCOME EXERCISES WEBSITECRJ CURRENT INCOME EX. 10 AND 11CRJ CURRENT INCOME EX. 14 AND 15CRJ CURRENT INCOME EX. 17

CRJ CANDLEBlank Page