Friday 2nd July 2021
Option 5: Accounting (9.30 - 10.30)
INSTRUCTIONS:
1. Do 'Question 1' and 'Question 2' in your copybook. Copy the questions...
2. Take good quality photos of your work and then send them to me to sjcaccgrade10@gmail.com by 10.30 am.
3. Use a your gmail account to send me your notes. If you don't have a gmail account, please create one.
Question 1 
Question 2
Answer the question below in your copybook.
State whether each of the transactions below is:
(i) A Cash transaction or Bank transaction or BOTH
(ii) A cash INFLOW or a cash OUTFLOW
NOTE:
INFLOW means that MONEY is getting IN the business ...RECEIPTS
OUTFLOW means that MONEY is getting OUT of the business ...PAYMENTS
A transaction is considered as a CASH transaction when receipts or payments has been done in CASH.
A transaction is considered as a BANK transaction when receipts or payments has been done by CHEQUE.
Answer the question below in your copybook.
State whether each of the transactions below is:
(i) A Cash transaction or Bank transaction or BOTH
(ii) A cash INFLOW or a cash OUTFLOW
NOTE:
INFLOW means that MONEY is getting IN the business ...RECEIPTS
OUTFLOW means that MONEY is getting OUT of the business ...PAYMENTS
A transaction is considered as a CASH transaction when receipts or payments has been done in CASH.
A transaction is considered as a BANK transaction when receipts or payments has been done by CHEQUE.