This is an Accounting Grade 10 common test from KwaZulu-Natal, dated March 2026, worth 100 marks and to be completed in one and a half hours. Question 1, worth 25 marks over 23 minutes, uses Njoko Stores to test transaction analysis, including writing off an irrecoverable debtor, a creditor’s price allowance, the owner taking goods for personal use at a 50% mark-up, an increased capital contribution, and a partial debtor payment.
The following document, Accounting Grade 10 Term 1 Common Test.pdf, is the full document.
Term 1 Content Brief
Accounting Grade 10 Term 1 Common Test PDF GMB-051
Key terms covered include transaction analysis, the accounting equation, irrecoverable debt, mark-up, and capital contributions.
The test consists of 6 pages plus a 6 page answer book, and has four compulsory questions. Question 1 covers the analysis of transactions using the accounting equation.
By the end of this test, learners should be able to analyse the effect of transactions on the accounting equation, including debtor write-offs, creditor allowances, owner drawings at mark-up, and capital contributions.