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Grade 9

Business, consumer and financial knowledge and skills

Module 17

Recording cash transactions of service and commercial enterprises

Section 1: Auxiliary Journals


To record cash transactions of service and commercial enterprises

[LO 3.3]

The following cash transactions regularly occur in service and commercial enterprises:


  • Capital contribution, capital increase or capital reduction by the owner
  • Receipt of cash for services provided
  • Sale of goods for cash


  • Purchase of goods and other items for cash
  • Payment of operating expenditure

These transactions, where cash is received or paid, are recorded in the CRJ or the CPJ.


  • Complete a CRJ and CPJ for the service enterprise, Mzondi Plumbers. Use CRJ 3.1.1 and CPJ 3.1.1 on the pages that follow.
  • Service enterprises are businesses that get an income from providing services and their income is recorded in the CRJ in a column headed: Current Income.
  • Z. Mzondi started a business called Mzondi Plumbers. The transactions below occurred during September. Record them in the CRJ and the CPJ and close the journals on 30 September 2003.

September 1 Z. Mzondi starts the business by depositing his capital contribution of R50 000 in the current bank account

September 3 Rents a building from Denvon Properties and pays the rent of R525 by cheque 001

September 6 Purchases service materials to the value of R1 009 from Puma Stores and pays by cheque 002

September 8 Issues cheque 003 for R4 500 to Lundi Stores for equipment purchased

September 11 Receives stationery from Bundu Dealers and pays R487 by cheque 004

September 12 Receives R2 073 cash as per cash-register roll for services provided

September 14 Pays the municpality R390 by cheque 005 for water and electricity

September 15 Cashes cheque 006 for R190 for wages

September 21 Receives R1 795 cash as per cash-register roll for services provided

September 25 Pays Telkom R106 by cheque 007 for telephone

September 27 Cheque 008 for R477 is issued to Mpula Insurers for insurance

September 29 Wages of R210 are paid by cheque 009

September 30 Purchases a vehicle for R28 000 from Mdantsane Motors and pays by cheque 010

Cash-register roll shows R2 418 received for services provided


  • Complete a CRJ and CPJ for the commercial enterprise, Levubu Dealers.
  • In the case of a commercial enterprise, goods are purchased and sold to make a profit. Goods are purchased at a certain price (cost price) and sold at a higher price (selling price) in order to make a profit.
  • Both the cost price and the selling price are recorded in the CRJ so that the profit can be calculated at the end of the period. In the CRJ columns provision must be made for sales and the cost price of sales instead of current income, as in the case of a service enterprise.
  • Use the information provided and show the entries in the Cash Receipts Journal and the Cash Payments Journal of Levubu Dealers (CRJ 3.1.2 and CPJ 3.1.2 on the pages that follow).
  • On 1 July 2003 G. Levu started the business with a capital contribution of R130 000 deposited in the current bank account.
  • According to the cheque counterfoils the following cheques were issued in July:

Questions & Answers

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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
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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
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Source:  OpenStax, Economic and management sciences grade 9. OpenStax CNX. Sep 15, 2009 Download for free at http://cnx.org/content/col11074/1.1
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