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Economic and management sciences

Grade 8

Business, consumer and financial knowledge and skills

Module 13

Deposit slip as a source document

Activity 1: to be able to name the types of source documents to be recorded, and their uses [lo 3.3]

When accounting transactions are recorded, source documents are used. These documents provide the information necessary to record transactions in the books. They also serve as proof that the transactions did take place.

In the case of cash transactions the following source documents are used:

Cheque book counterfoils when payments are made by cheque.

Receipts when cash is received.

Cash register roll in the case of cash sales.

Cash invoices in the case of cash purchases and cash sales.

Bank deposit slips when cash is deposited into a bank account.

In the case of credit transactions the following source documents are used:

Credit invoices in the case of credit purchases of assets and trading stock, as well as in the case of credit sales of trading stock.

ASSIGNMENT:

Collect examples of the following source documents:

Cheques

Receipts

Invoices

Bank deposit slips

Paste the documents onto A4 sheets of paper and indicate for which type of transaction each document is used. Next to each type of document also indicate the information that appears on that document. Use the completed assignment for your portfolio.

Activity 2: to be able to use a deposit slip as a source document [lo 3.3]

Study the completed deposit slip:

Obtain a blank deposit slip from any bank and complete it by filling in the following information:

Mr P. Tredoux is the owner of PT Services situated at 12 Napier Street, Paarl. On 1 June 2002 he deposits money in the current bank account of the business. The number of this account is 123-456-789.

The deposit is made up as follows:

3 x R50-notes

Nickel to the value of R75.

Activity 3: to be able to record cash received [lo 3.3]

For control purposes, all cash received in a business is recorded in a journal called the cash receipts journal (CRJ) .

The following are types of transactions involved in the receipt of cash:

1. Cash that the owner of the business deposits in the bussiness’s bank account as his capital contribution.

2. Cash received for services provided.

3. Rental income received for letting a building or part of the building.

When the owner pays capital into the business, he is issued with a receipt. The copy of this receipt is used for the entry in the CRJ.

The following information must be provided on the receipt in order to be able to make an entry in the CRJ:

Date

Receipt number

The owner’s name

The amount paid in

Reason for which the money was paid in

The copy of the bank deposit slip completed to deposit the capital sum directly into the current account of the business, can also be used as a source document.

Study the entry in the CRJ (example 1), which shows how such a transaction is recorded.

On 1 January 2003 the owner, J. Jolie, deposits R50 000 as capital contribution in the bank account of a business called Salon Jolie. (See example 1.)

Questions & Answers

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Damian Reply
absolutely yes
Daniel
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Akash Reply
it is a goid question and i want to know the answer as well
Maciej
characteristics of micro business
Abigail
Do somebody tell me a best nano engineering book for beginners?
s. Reply
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
s.
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
Tarell
what is the actual application of fullerenes nowadays?
Damian
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
Tarell
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
Virgil
is Bucky paper clear?
CYNTHIA
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Harper
Do you know which machine is used to that process?
s.
how to fabricate graphene ink ?
SUYASH Reply
for screen printed electrodes ?
SUYASH
What is lattice structure?
s. Reply
of graphene you mean?
Ebrahim
or in general
Ebrahim
in general
s.
Graphene has a hexagonal structure
tahir
On having this app for quite a bit time, Haven't realised there's a chat room in it.
Cied
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
China
Cied
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
Porter
many many of nanotubes
Porter
what is the k.e before it land
Yasmin
what is the function of carbon nanotubes?
Cesar
I'm interested in nanotube
Uday
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
AMJAD
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
good afternoon madam
AMJAD
what is system testing
AMJAD
what is the application of nanotechnology?
Stotaw
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
Azam
anybody can imagine what will be happen after 100 years from now in nano tech world
Prasenjit
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
Azam
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
Prasenjit
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
Damian
silver nanoparticles could handle the job?
Damian
not now but maybe in future only AgNP maybe any other nanomaterials
Azam
Hello
Uday
I'm interested in Nanotube
Uday
this technology will not going on for the long time , so I'm thinking about femtotechnology 10^-15
Prasenjit
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, Economic and management sciences grade 8. OpenStax CNX. Sep 11, 2009 Download for free at http://cnx.org/content/col11040/1.1
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