Accounting Grade 10 – Like2Understand

Accounting

This engaging guide is designed to make learning accounting fun and accessible for Grade 8 students. Through interactive exercises, real-world examples, and clear explanations, you’ll develop a strong foundation in accounting principles and gain valuable skills that will benefit you throughout your academic and professional journey.

Chapter 1

BASIC ACCOUNTING CONCEPTS

After studying this chapter, you should be able to:
• define accounting,
• explain the purpose of accounting,
• explain and apply the different accounting concepts,
• name the elements that will affect the financial position, and
• name the elements that will measure the financial result.

Onderwerp notas

Opnames

Playlist

13 Videos

25:27

5:58

3. Owner's Equity

5:29

5:30

5:15

6. Income & Expenses

3:05

7. Matching of Assets, Liabilities, Income & Expenses

5:40

8. Profit Motive

5:10

9. Accounting Cycle

8:07

10. Calculation of Cost Price & Sales Price nr 1

3:35

11. Calculation of Cost Price & Sales Price nr 2

4:19

12. Calculation of Cost Price & Sales Price nr 3

4:32

13. Calculation of Cost Price & Sales Price nr 4

4:02

Chapter 2

ACCOUNTING EQUATION

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die verhouding tussen bates, laste en die belang van die eienaar van die entiteit
te verstaan,
• die invloed van elke transaksie op die rekeningkundige vergelyking te ontleed,
• die dubbel inskrywings beginsel te verstaan,
• te verstaan wanneer ŉ rekening gedebiteer en gekrediteer word

Onderwerp notas

Opnames

Playlist

16 Videos

1. Accounting Equation

3:47

2. Elements of Accounting Equation

6:24

3. Trading Discount, Cash Discount & Cost of Sales

15:00

4. Springs Stores - Influence on Accounting Equation

5:43

5. Mamelodi Traders - Gross Profit, Profit and Cost of Sales

10:40

6. Belinda Stores - Effect of Accounting Equation nr 1

21:40

7. Belinda Stores - Effect of Accounting Equation nr 2

16:57

8. Butly Hairdresser - Effect on Accounting Equation

12:59

9. Carlos Traders - Effect on Accounting Equation

10:37

10. Alma Dealers - Effect on Accounting Equation

19:03

12. Blom Traders - Effect of Accounting Equation

29:50

13. Calculation of Cost Price and Sales Price nr 1

3:35

14. Calculation of Cost Price and Sales Price nr 2

4:19

15. Calculation of Cost Price and Sales Price nr 3

4:32

16. Calculation of Cost Price and Sales Price nr 4

4:02

Chapter 3

SOURCE DOCUMENTS

Na die bestudering van hierdie hoofstuk, behoort jy in staat te wees om:
– die gebruik van brondokumente te verstaan,
– te onderskei tussen die brondokumente,
– ‘n brondokument te voltooi,
– te bepaal in watter hulpjoernale die brondokumente aangeteken word.

Onderwerp notas

Opnames

Playlist

11 Videos

1. Theory of general ledger

5:40

2. Theory of general ledger

10:24

3. Source documents and subsidiary journals

5:06

4. General ledger with opening balances & Trial balance

9:08

5. General ledger with opening balances & Trial balance

12:53

6. Recording transactions in the general ledger

15:06

7. Explanation of the three column debtors ledger

15:18

8. Calculation of cost price and sales price 1/4

3:35

9. Calculation of cost price and sales price 2/4

4:19

10. Calculation of cost price and sales price 3/4

4:32

11. Calculation of cost price and sales price 4/4

4:02

Chapter 4

LEDGER AND TRIAL BALANCE

Na die bestudering van hierdie hoofstuk moet jy in staat wees om:
– te verduidelik hoe die dubbelinskrywingstelsel werk,
– te verduidelik wat die effek van transaksies op die rekeningkundige vergelyking is,
– inskrywings in die grootboek te voltooi;
– die grootboekrekeninge te saldeer;
– tussen balansstaatrekeninge en nominale rekeninge te onderskei.

Onderwerp notas

Opnames

Playlist

11 Videos

1. Explanation of the cash receipts journal

4:34

2. Explanation of the payments journal

3:52

3. General ledger

14:15

4. Explanation of the cash receipts journal

4:56

5. Explanation of the cash payments journal

5:24

6. Posting to the general ledger

9:39

7. Aantekeninge van transaksies van 'n diensonderneming

25:06

8. Calculation of cost price and sales price 1/4

3:35

9. Calculation of cost price and sales price 2/4

4:19

10. Calculation of cost price and sales price 3/4

4:32

11. Calculation of cost price and sales price 4/4

4:02

Chapter 5

SERVICE UNDERTAKINGS: CASH TRANSACTIONS

Na bestudering van die hoofstuk, behoort jy:
• te onderskei tussen kontantontvangstes en kontantbetalings;
• kontanttransaksies vir diensondernemings te boek te stel;
• transaksies in die kontantontvangstejoernaal te boek te stel wanneer geld ontvang
word;
• transaksies in die kontantbetalingsjoernaal te boek te stel wanneer geld betaal word;
• transaksies korrek na die algemene grootboek oor te boek.

Onderwerp notas

Opnames

Playlist

25 Videos

1. Theory on accounting equation

3:47

2. Theory of source documents and subsidiary journals

6:02

3. Calculation of cost price, sales price and gross profit

10:40

4. Theory and recording of credit transactions

9:33

5. Theory of credit sales to debtors

5:43

6. Theory of trade discount allowed

3:41

7. Debtors allowances in journal and general ledger

7:09

8. Theory of effect of debtors allowance on cost of sales

13:11

9. Theory and recording of bad debts

9:02

10. Theory and recording of bad debts recovered

4:11

11. Theory of receipts from debtors and discount allowed

8:26

12. Theory of interest charged on overdue accounts

5:07

13. Theory and recording of credit purchases

9:52

14. Theory of trade discount received

2:44

15. Recording of purchases and purchases returns

4:14

16. Payments to creditors when discount was received.

8:54

17. Discount Received

5:58

18. Credit transactions & subsidiary journals

29:50

19. Recording in debtors & creditors ledger

15:18

20. Subsidiary journals, General ledger & Trial balance

18:24

21. Journals, Ledgers & Trial Balance

41:56

22. Calculation of cost price and sales price

3:35

23. Calculation of cost price and sales price

4:19

24. Calculation of cost price and sales price

4:32

25. Calculation of cost price and sales price

4:02

Chapter 6

RETAIL BUSINESS: CASH TRANSACTIONS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• te onderskei tussen kontantontvangstes en kontantbetalings;
• om kontanttransaksies van diensondernemings en handelsondernemings aan te
teken;
• om transaksies in die kontantontvangstejoernaal aan te teken wanneer kontant
ontvang word;
• om transakseis in die kontantbetalingsjoernaal aan te teken wanneer met kontant
betaal word;
• transaksies korrek na die algemene grootboek oor te boek.

Onderwerp notas

Opnames

Playlist

2 Videos

1. Salaries journal and general ledger

7:10

2. Salaries journal and posting to the general ledger

24:10

Chapter 7

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

48 Videos

1. Theory - Adjustments for Financial Statements

5:09

2. Determine bad debts - Mamelodi Traders

6:49

3. Adjustment for provision for bad debts increased - Minute Stores

8:25

4. Provision for Bad Debts Created - Jones Traders

4:46

5. Provision for bad debts created - Minute Stores

10:04

6. Provision for bad debts decreased - Jones Traders

4:09

7. Bad debts and bad debts recovered

8:32

8. Theory on prepaid expenses

8:13

9. Adjustment for Prepaid Expense

5:54

10. Adjustment for prepaid expense - Minute Stores

4:42

11. Accrued Expense

8:42

12. Adjustment for accrued expense

7:48

13. Theory for income received in advance

7:01

14. Adjustment for income received in advance

6:24

15. Theory on accrued income and reverse entry

7:01

16. Adjustment, calculation and recording of accrued income

5:59

17. Theory on depreciation

5:55

18. Theory of cost price/straight line method for depreciation

10:21

19. Depreciation on cost price/straight line method

4:51

20. Theory and recording of depreciation - diminishing balance method.

13:45

21. Adjustment for depreciation according to the diminishing balance method.

18:11

22. Consumables stores available at the beginning of the financial year

5:38

23. Adjustment for consumables stores available at end of financial year

3:42

24. Consumables stores available at end of financial year

3:50

25. Adjustment for an inventory deficit and consumable stores

8:17

26. Adjustment for an inventory loss

3:44

27. Adjustment for an inventory deficit

2:32

28. Detection and correction of errors

7:23

29. Adjustment for correction of errors

3:00

30. Mistake on invoice

5:40

31. Preparation of final accounts

6:27

32. Theory of final accounts

7:37

33. Steps in the closing process

6:01

34. Trading account

2:26

35. Theory & example of the profit and loss account

3:25

36. Theory & Example of Closing Transfers

5:43

37. Calculation of Cost Price and Sales Price

3:35

38. Calculation of Cost Price and Sales Price

4:19

39. Theory and example of the final accounts

6:27

40. Theory of the final accounts

7:37

41. Theory - Steps in the Closing Process

6:01

42. Theory and example of the trading account

2:26

43. Theory and example of the profit and loss account

3:25

44. Closing Transfers

5:43

45. Calculation of cost price and sales price

3:35

46. Calculation of the cost price or sales price

4:19

47 Calculation when the profit percentage is given.

4:32

48. Calculation of profit when the profit percentage is given

4:02

Chapter 8

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

14 Videos

1. Theory of financial statements of a company

5:50

2. Closing transfers to profit and loss account

3:25

3. Closing transfers to trading account

2:26

4. Closing Transfers

5:43

5. Trial Balance

4:54

6. Income statement

3:44

7. Theory of the balance sheet accounts

5:58

8. Balance Sheet

6:41

9. Notes to the Balance Sheet

7:42

10. Notes to the Financial Statements

7:42

11. Calculation of profit , cost price or sales price

3:35

12. Calculation of profit percentage, cost price or sales price

4:19

13. Calculation of profit percentage, cost price or sales price

4:32

14. Calculation of profit, cost price and sales price

4:02

Chapter 9

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

13 Videos

1. Theory and reasons why financial statements are analyzed

10:52

2. Theory on profitability measures & operating efficiency

6:42

3. Theory and calculation on the gross profit on sales

8:28

4. Theory and calculation on the gross profit percentage on sales

9:40

5. Theory and calculation on the operating profit on sales

5:37

6. Theory and calculation on the operating profit on sales

4:49

7. Theory and calculation on the net profit percentage

4:32

8. Theory and calculation of the solvency ratio

6:01

9. Theory on the liquidity measures

7:18

10. Theory and calculation of the current ratio

10:17

11. Theory and calculation of the acid test ratio

7:57

12. Return on average owner's equity

12:45

13. Theory on ratio's to quote in question

3:35

Chapter 10

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

21 Videos

1. Theory on bank reconciliation

19:24

2. Procedure to reconcile subsidiary journals

9:26

3. Differences between the journals and the bank statement

9:36

4. Bank reconciliation statement and bank account

18:01

5. Bank reconciliation statement and bank account

7:23

6. Theory and recording interest on bank overdraft

17:07

7. Theory on how the debit card is used and recorded

5:07

8. Theory how the credit card is used and recorded

5:08

9. Calculation of opening bank balance

2:21

10. Cash journals, bank account and bank reconciliation statement

11:17

11. Corrections & omissions done for bank reconciliation.

14:52

12. Bank reconciliation, subsidiary journals & bank account

22:04

13. Comparison between the cash journals and the bank statement

23:40

14. Cash journals, bank account and bank reconciliation

9:31

15. Bank reconciliation & Internal control

27:32

16. Reconciliation of the bank and the bank reconciliation statement

16:50

17. Bank reconciliation statement

16:37

18. Reconciliation of the bank with the bank reconciliation statement

18:44

19. Bank reconciliation statement

18:09

20. Bank reconciliation and debtors reconciliation

16:33

21. Bank reconciliation and debtors reconciliation

16:47

Chapter 11

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

14 Videos

1. Theory on VAT input & output

10:37

2. Calculation of VAT on income

3:06

3. Calculation of VAT in the cash receipts journal

9:13

4. Calculation of VAT in the cash receipts journal

10:14

5. Calculation of VAT on expenses

2:29

6. Calculation of VAT in the cash payments journal

10:01

7. Calculation of VAT on credit purchases and sales

6:09

8. Calculation of VAT on credit sales and general ledger

12:18

9. Calculation of VAT on credit sales & goods returned

10:26

10. VAT on credit sales and debtors allowances and general ledger

7:26

11. Calculation of VAT on credit purchases and creditors journal

7:02

12. Calculation of VAT on credit purchases and creditors journal

11:43

13. VAT on credit purchases and entries in the general ledger

9:28

14. Calculation of VAT on credit purchases & discount received

5:48

Chapter 12

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

3 Videos

1. Theory of the cash budget and projected income statement

11:29

2. Receipts and payments of the cash budget

24:51

3. Cash budget and projected income statement

8:45

Chapter 13

FINANCIAL STATEMENTS

Na die bestudering van hierdie onderwerp, behoort jy in staat te wees om:
• die staat van omvattende inkomste/inkomstestaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;
• die staat van finansiële posisie/balansstaat van ‘n diensonderneming en ‘n
handelsonderneming te voltooi;

Onderwerp notas

Opnames

Playlist

4 Videos

1. Theory and calculations of primary cost

5:15

2. Theory and calculations of overheads

5:35

3. Production cost statement

4:07

4. Production cost statement & calculation of the profit

15:17

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