A day spent with friends is always a day well spent. That is what school life is about. The great thing about new friends is that they bring energy to your soul. It has been very precious to see new friendships develop over the course of the year, not only in our classes, but also across the grade. Our children[Read More…]
The Grade Three’s collected recyclable materials and were told to create something useful out of what they had found. The learners came up with the most incredible, innovative ideas and made products out of waste. From piggy banks to board games, toy cameras and cookbook stands, the learners surprised and impressed the teachers with their unbelievable creations. We all got[Read More…]
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.
BARELY weeks after a senior management shake-up at Apple, Microsoft has had its own shake-up — and it couldn’t have come at a worse time for a company that has just launched new products that are supposed to change its face and give it an edge over its technology rivals, Apple and Google. Unlike at Apple, where Scott Forstall was[Read More…]
INFLATION rose more than expected in October, cementing views that the Reserve Bank will leave interest rates unchanged on Thursday. Statistics South Africa figures released on Wednesday showed that on average, prices increased 0.6% between September and October. Inflation was recorded at 5.6% year on year in October, from a 5.5% year-on-year increase in September. The market was expecting a[Read More…]
See how inflation affects us all in real terms……. INFLATION rose more than expected in September, supporting views that another interest rate cut is unlikely at the Reserve Bank’s monetary policy committee meeting next month. Statistics SA figures released on Wednesday showed that on average, prices increased 0.9% between August and September. Inflation was recorded at 5.5% year on year[Read More…]
We have been learning about this……(Sourced from www.bdlive.co.za) SOUTH Africa’s economic outlook is deteriorating rapidly, with unrest in the mining sector and national transport strikes likely to lead to job losses, central bank governor Gill Marcus said on Wednesday. Speaking to economics students in Grahamstown in the Eastern Cape, Ms Marcus reiterated her stance that the Reserve Bank had no[Read More…]
INFLATION edged up last month for the first time since April, reinforcing expectations that the Reserve Bank will keep interest rates unchanged when its monetary policy meeting ends on Monday. The annual rise in the consumer price index (CPI) ticked up to 5% from 4.9% in July, boosted mainly by hikes in housing utility costs, as well as fuel and[Read More…]
Use source documents to do journal entries….cheques are mostly issued for PAYMENTS, receipts and cash register rolls are sources for the RECEIPTS journal. Remember the extended accounting equation for general ledger entries: ASSETS + DRAWINGS + EXPENSES = CAPITAL + INCOME + LIABILITIES increases on debit side,decreases on increases on the credit side, decreases on the credit[Read More…]
Le Clos savours golden victory Second gold for South Africa in the pool, this time denying US swim legend Michael Phelps JULIAN LINDEN Published: 2012/08/01 06:36:31 AM SOUTH Africa’s Chad le Clos handed US swimming legend Michael Phelps a shock defeat last night, winning the men’s 200m butterfly final at the London Olympics, and giving South Africa a second gold medal[Read More…]
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