Explain how the production possibility frontier can be 1.1 1.2 Discuss the impact of the following economic events o quantity according to the demand and supply model your answer. 1.2.1 Consumers experience an increase in income 1.2.2 The prices of inputs increase QUESTION TWO 21 List and discuss any three (3) cases of price emand is us economic growth. Use diagrams to motivate your answe 2019: OR 4 201 Balance (correct) bld 1.3 Bank (debtors column) 31.3 Discounts granted Credit sales Drawings Purchases returns- credit 67 2 Debtors control a/c R 201 31 340 9 Sales returns - credit 90 990 31.3 Bank debtor 1 370 refunds 96 330 Credit purchases 300 Cash purchases 4 262 Discounts received Bank-creditors column Balance cld 224 592 141 174 7 141 2245 1.4 Balance bld Additional information: 1.1 At 1 March 2019, the balance of the creditors control account was R16 680 1.2 There are errors in the above debtors control account that need to be corrected. There are items recorded that should not be reflected in the d control account. Some items are also on the wrong side of the account. 1.3 The total of the list of debtors balances at 31 March 2019 was R32 120. 1.4 An amount of R230 written-off as credit losses, has erroneously been added to the credit sales amount of R96 330. This entry has been posted a the personal account of the debtor in the debtor's subsidiary ledger. 1.5 The sales journal was over-cast by R840. 1.6 A credit sale of R340 was not posted to the personal account of the det debtors ledger account. The amount has been posted correctly to account and the debtors control account in the general ledoor Explain how the production possibility frontier can be 1.1 1.2 Discuss the impact of the following economic events o quantity according to the demand and supply model your answer. 1.2.1 Consumers experience an increase in income 1.2.2 The prices of inputs increase QUESTION TWO 21 List and discuss any three (3) cases of price emand is us economic growth. Use diagrams to motivate your answe 2019: OR 4 201 Balance (correct) bld 1.3 Bank (debtors column) 31.3 Discounts granted Credit sales Drawings Purchases returns- credit 67 2 Debtors control a/c R 201 31 340 9 Sales returns - credit 90 990 31.3 Bank debtor 1 370 refunds 96 330 Credit purchases 300 Cash purchases 4 262 Discounts received Bank-creditors column Balance cld 224 592 141 174 7 141 2245 1.4 Balance bld Additional information: 1.1 At 1 March 2019, the balance of the creditors control account was R16 680 1.2 There are errors in the above debtors control account that need to be corrected. There are items recorded that should not be reflected in the d control account. Some items are also on the wrong side of the account. 1.3 The total of the list of debtors balances at 31 March 2019 was R32 120. 1.4 An amount of R230 written-off as credit losses, has erroneously been added to the credit sales amount of R96 330. This entry has been posted a the personal account of the debtor in the debtor's subsidiary ledger. 1.5 The sales journal was over-cast by R840. 1.6 A credit sale of R340 was not posted to the personal account of the det debtors ledger account. The amount has been posted correctly to account and the debtors control account in the general ledoor
