This is an Accounting Grade 10 test from Limpopo, dated March 2026. Question 1, worth 29 marks over 26 minutes, uses Vhembe Traders, owned by Masala Gumbi, to test transaction analysis, including splitting a telephone payment between business and personal use, recording rent received from a tenant, a credit sale with its cost price, and a loan payment that includes an interest portion.
The following document, Accounting Grade 10 Term 1 Test.pdf, is the full document.
Term 1 Content Brief
Accounting Grade 10 Term 1 Test PDF NGR-108
Key terms covered include transaction analysis, the accounting equation, rent income, credit sales, cost price, and loan interest.
The test consists of 7 pages plus an 8 page answer book, and has four compulsory questions. Question 1 covers analysis of transactions in the accounting equation. Later questions cover cash journals, the Debtors Ledger, ethics and internal controls, and basic concepts and problem solving.
By the end of this test, learners should be able to analyse the effect of transactions on the accounting equation, including split personal and business expenses, rent income, credit sales, and loan repayments with interest.