VAT is an indirect system of taxation (it is not directly deducted from your income) that is currently levied at 14% on the value of all goods and services supplied by vendors. It works like this: You buy goods from a supplier. The price will include VAT. You sell goods to a customer, charging VAT on the goods sold. The[Read More…]
The pressure is on in Matric with the Prelims looming on the horizon. Even during this stressful time it is important to find humour in situations and to have a laugh. During recent preparations for the Grade 12 Preliminary exams, Lindsey, Lexi and Dylan took some time out to just C H I L L which resulted in a release[Read More…]
The Grade 8 worked in groups getting to grips with Cash Receipts Journals. This group of students have collaborative natures and this exercise was very successful. Can you spot any faces you recognise?
The Grade 11 class are doing research about hydroponics. Sinethemba, Wade and Carl are researching possible ways in which to optimise the layout. Kaylah, Sammy and Dario are in the process of extrapolating nutrient formula’s. We are needing 2l soft drink bottles. Please drop them off at Silvermine reception if you have any to spare.
Capitalisation of interest is no longer a foreign concept for our Grade 11 accountants. Megan and Amber discovered how to account for interest and the current portion of a loan at financial year-end during intense work sessions, today and yesterday. Well done to them both !!!
The Grade 8 class had to work hard in order to come to grips with the concept of ‘source documents’ and how they effect the effectiveness of Accounting in a business context. Once they understood that any business transaction generates ‘paperwork’, it was easy to grasp how it applies practically to the in-and-out flow of money in a business.
Our Grade 12 accountants, Lexi Spaltman, Lindsey Coetzee and Dylan Pearson attended a business simulation workshop, where they were exposed to the intricate workings of business analysis. Various ratio’s were employed in order to determine profitability, liquidity, return on funds employed and much more. Students from four schools participated in this program designed to ensure understanding of ‘real life’ application[Read More…]
The Grade 11 Accountants were recently captured in celebrating their achievement of mastering several intricate new concepts. Well done Amber and Megan !!!
Mathematical Literacy is an excellent medium to get students involved in general life-skill calculations…..ranging from pre-determining interest requirements on a bond payment plan to calculating paint to application, volume requirements and at the same token, pricing the project. Samantha Gorman caught in action explaining some of the intricasies of interest in action in day-to-day decision making processes. [Read More…]
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