424 3 A BOTSWANA EXAMINATIONS COUNCIL JUNIOR CERTIFICATE EXAMINATION COMMERCE AND ACCOUNTING 26/1 Paper 1 ‘October/November 2024 Marks: 50 Time: 1 Hour Candidate Full Names: Centre Number: | J | Number: INSTRUCTIONS 1. Write your full names and examination number in the spaces provided above. 2. Answer ALL questions. 3, All answers must be written in the spaces provided. FOR EXAMINER'S USE ONLY Sections | Marks Scored A Total Marks: This question paper contains 9 printed pages. © pec 2021 DO NOT TURN THE PAGE UNTIL YOU ARE TOLD TO DO SO1. SECTION A Define the following terms; (a) Specialisation (b) Division of labour 3. Complete the table below by stating each type of a small scale retailer described. Description Type of a small scale retailer John sells sweets walking around the village. Dane uses a van to drive around the village selling clothes, (2) Neo is a carpenter in a table manufacturing company. He normally produces 10 tables per hour. Neo fell sick and was hospitalised for a month, He returned to work and now he produces § tables per hour. Explain the effect of Neo's health on his productivity, (2)424 A007 ‘4. List any two features of each of the business units stated below. (a) Sole trader (b) Partnership 5. State any two negative effects business activities might have on the physical environment. 6. (a) Whatdoes consumer protection mean? we (1) (b) State any three reasons why consumers need to be protected (3) Fe examiners ‘Useg i it ihe hands of the workers, 7. David sa leader who leaves athe decision making on! eee (a) Which style of leadership is David practicing ade i le. (b) State two advantages of David's leadership styl 8. Explain one reason why promotional technique should be included in a market research, 9. Define the term casting vote in relation to a meeting. (2) 10. State and explain one factor which can enable an entrepreneur to run a successful business.3 SECTION B + (@) Define non-current assets, (b) Give one example of a current liability. . Name an accounting concept which states that the financial affairs of a business should be separated from the financial affairs of the owner. (1) 13. Complete the table below using the words debit or credit to show the double entry rule for assets. | Increase Decrease (2)‘A007 000 on 14 James bought a motor van on credit from XYZ Motors for P50 34 June 2020. Record this transaction in the books of James. CR o van account. R Motor gail Anat Date | _ Detail Amount =“ P (1) oR XYZ Motors account ce Date Detail |Amount Date Detail Amount 5 Pp (1) 18. Bame a trader, had Assets, Liabilities and Capital on 30 September 2020 as shown below. Pp Assets 1000 Liabilities 700 Capital 300 On 4 October, Bame paid a creditor P200 by cash. Complete the table below to show the amount of Assets, Liabilities and Capital after Bame paid the creditor. Assets Liabilities Capital (3) emer,3 16. A business Teceived rent of P1500 cash on 2 May 2020. Record this transaction in the business books. DR Cash account cR Date | Detail Amount |) Date Detail _| Amount (1) OR Rent receivable CR Date Detail |Amount Date Detail Amount (i) 17. State the use of the following columns in a Three Column Cash Book. (a) Date (1) (b) Details {c) Discount allowed (1) 48. Give any two reasons for preparing a Trial Balance. (2) For examiners Use424 2 19. Stale the section under which trade payables are recorded in a Statement of Financial Position, 20. (a) Below is an extract of a Cash Book on 30 June 2020 Balance the Cash Book on 30 June 2020. John OR Cash Book cR Date [Details [Cash [Bank [Date | Details [Cash__| Bank | 2020 Pp P [2020 P P June4 | Sales | 100 June 10 | Rent 150 5. | Dimpho 400 | | (2) (b) Post the transaction on 4 June 2020 to the General Ledger below. General Ledger DR Sales Account cR Date| _Detail Amount || Date Detail | Amount P P 21, What term is used by clubs and societies as an equivalent term for profit for the year in trading businesses? a) Fr Jeraniere U9i . On 22, On 31 October 2020, John's Cash Book showed a debit balance of P1 200. checking the Cash Bi i t the ‘Ook against the Bank Statement, it was discovered that following transactions had not been entered in the Cash Book. Credit transfer P150 Bank Charges P100 Prepare John’s updated Cash Book on 31 October 2020. John cr DR Cash Book ; =o Date [Details [Cash | Bank | Dato | Details cash | PP 3) ro