Books of First Entry: Journals is one of 9 topics in the Grade 10 Accounting CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. The Cash Receipts Journal (CRJ) is used to record:
Every transaction where the business receives money, by cash or EFT
Every transaction where the business pays out money
Only sales made on credit
Only capital contributed by the owner
Answer: Every transaction where the business receives money, by cash or EFT — The CRJ records all money received by the business, including cash sales, receipts from debtors, and additional capital, whether received as physical cash or by EFT.
Easy
2. The Cash Payments Journal (CPJ) records:
Every payment the business makes
Every amount the business receives
Only credit sales
Only credit purchases
Answer: Every payment the business makes — The CPJ is the mirror image of the CRJ, recording every payment made by the business, such as payments to creditors, wages, and drawings.
Medium
3. Journals are described as "books of first entry" because:
Transactions are recorded there first, straight from source documents, before being posted to the General Ledger
They are the only accounting records a business is required to keep
They replace the need for source documents entirely
They are only used once, at the very start of the business
Answer: Transactions are recorded there first, straight from source documents, before being posted to the General Ledger — Journals are the first place a transaction is formally recorded (from its source document), which is later summarised and posted through to the General Ledger.
