1.7 Who is Dr Emily Levine and why is her opinion included in the article? Make reference to details about Dr Levine in the article. (4)

3.7 When income is more than expenses we call it profit/loss. (1)

2.1 There are THREE levels of government in South Africa. (1)

2.1 There are THREE levels of government in South Africa. (1)

3.7 When income is more than expenses we call it profit/loss. (1)

  Question 7: Accounting equation (8)   The following information was obtained from the accounting records of Block Plumbers. Use the information obtained from the accounting records of Block Plumbers to complete the following transactions in the table.     Example: EFT pays R1 400 to Pretoria News for advertisements.   1 The owner increases his capital contribution from R80 000 to R100 000.   2 Receive R12 000 for services rendered.   3 Buy a vehicle cash from JM Motors for R60 000.   4 Issue an EFO for R1 400 for repairs.  

2.5 The Employment Equity Act protects workers from discrimination. (1)

2.5 The Employment Equity Act protects workers from discrimination. (1)

5.2 Study the diagram below that represents the economic cycle. Fill in the missing words. (4)          CLICK HERE TO OPEN THE DIAGRAM IN A NEW TAB:           Households are the consumers of [ANS1] and the owners of the [ANS2]. Households buy their necessities at [ANS3] and this is called consumer spending. Businesses buy the factors of production such as e.g. labor in households and pay them in the form of [ANS4].  

2.7 A housewife who is not looking for work is considered unemployed. (1)