How often Adjustments & year-end entries is asked

Where it was asked

What costs marks here

Marker’s traps come from memos. We don’t have one for this module yet.

A memo tells us what the markers actually rewarded and penalised. With one, this section fills in for every student — help us get one.

The questions

  1. May/Jun 2017, Q4.11 mark · multiple choice

    To which category does the 'accrued income' general ledger account belong?

    Drill this topic →

  2. Oct/Nov 2016, Q5.41 mark · multiple choice

    To which category does the ledger account 'income received in advance' belong?

    Drill this topic →

  3. Oct/Nov 2016, Q5.51 mark · multiple choice

    To which category does the ledger account 'electricity deposit' belong?

    Drill this topic →

  4. May/Jun 2015, Q1.13.5 marks

    Lady Gizela Clothing Manufacturers' statement of financial position at 28 February 2014 showed: long-term loan R62 000; current portion of long-term loan R5 000; accrued expenses (interest on long-term loan) R6 281,25; prepaid expenses (insurance) R500; inventory R25 000; fixed deposit R21 000 with accrued interest R250. For the year to 28 February 2015: R5 000 of the loan is repayable every 1 June until settled; the loan was taken on 1 June 2013 with interest at 12,5% p.a. payable annually in arrears on 1 June; inventory on hand at 28 February 2015 is R20 500 (periodic system); insurance is paid annually in advance on 30 June for the year 1 July to 30 June, and the premium paid on 30 June 2014 was R4 500. Prepare the long-term loan account, properly closed off, for the year ended 28 February 2015, showing calculations.

  5. May/Jun 2015, Q1.24 marks

    Using the Lady Gizela information, prepare the accrued expenses account, properly closed off, for the year ended 28 February 2015, showing calculations.

  6. May/Jun 2015, Q1.34 marks

    Using the Lady Gizela information, prepare the prepaid expenses account, properly closed off, for the year ended 28 February 2015, showing calculations.

  7. May/Jun 2015, Q1.43 marks

    Using the Lady Gizela information, prepare the inventory account, properly closed off, for the year ended 28 February 2015.

  8. May/Jun 2015, Q1.55.5 marks

    Using the Lady Gizela information, prepare the interest on long-term loan account, properly closed off, for the year ended 28 February 2015, showing calculations.

  9. May/Jun 2015, Q1.65 marks

    Using the Lady Gizela information, prepare the insurance account, properly closed off, for the year ended 28 February 2015, showing calculations.

The full Spot Map and the marks by year.