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Grade 9 Exam Papers Namibia Accounting  Form

Grade 9 Exam Papers Namibia Accounting Form

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all right this is a lesson on the analysis of the accounting equation so my first transaction we receive a payment receive a payment from on now as part payment of his date to anjontenren issue a receipt so if we look at our columns number one we're issuing a receipt so therefore my source document is a receipt my journal crji because i'm receiving money cash receipt journal your source documents for crgi would include a receipt a cash register role in the event of sales or a bank statement if funds are received electronically so we are receiving money from a person for his debt a person that owes the business money is called a data so therefore when i receive money i always think of bank bank is an asset which plus on the debit minus on the credit because i'm receiving money my bank will therefore debit because i'm receiving money i'm getting more money bank debits for the account credit it's a debtor that pays me so therefore account cr

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