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20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 1 of 9 MODULE NAME: MODULE CODE: ACCOUNTING1B ACBP5112w ACCOUNTING1B ACBP5122w ASSESSMENT TYPE: ASSIGNMENT 1 (PAPER ONLY) TOTAL MARK ALLOCATION: 100 MARKS TOTAL HOURS: 15 HOURS By submitting this assignment, you acknowledge that you have read and understood all the rules as per the terms in the registration contract, in particular the assignment and assessment rules in The IIE Assessment Strategy and Policy (IIE009), the intellectual integrity and plagiarism rules in the Intellectual Integrity Policy (IIE023), as well as any rules and regulations published in the student portal. INSTRUCTIONS: 1. No material may be copied from original sources, even if referenced correctly, unless it is a direct quote indicated with quotation marks. No more than 10% of the assignment may consist of direct quotes. 2. Any assignment with a similarity index of more than 25% will be scrutinised for plagiarism. Please ensure you attach an originality report to your assignment if required. 3. Make a copy of your assignment before handing it in. 4. Assignments must be typed unless otherwise specified. 5. All work must be adequately and correctly referenced. 6. Begin each section on a new page. 7. Follow all instructions on the assignment cover sheet. 8. This is an individual assignment. 20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 2 of 9 Referencing Rubric ____ Providing evidence based on valid and referenced academic sources is a fundamental educational principle and the cornerstone of high-quality academic work. Hence, The IIE considers it essential to develop the referencing skills of our students in our commitment to achieve high academic standards. Part of achieving these high standards is referencing in a way that is consistent, technically correct and congruent. This is not plagiarism, which is handled differently. Poor quality formatting in your referencing will result in a penalty of a maximum of ten percent being deducted from the mark awarded, according to the following guidelines. Please note, however, that evidence of plagiarism in the form of copied or uncited work (not referenced), absent reference lists, or exceptionally poor referencing, may result in action being taken in accordance with The IIE’s Intellectual Integrity Policy (0023). Markers are required to provide feedback to students by indicating (circling/underlining) the information that best describes the student’s work. Minor technical referencing errors: 5% deduction from the overall mark – the student’s work contains five or more errors listed in the minor errors column in the table below. Major technical referencing errors: 10% deduction from the overall mark – the student’s work contains five or more errors listed in the major errors column in the table below. If both minor and major errors are indicated, then 10% is deducted from the overall mark. The examples provided below are not exhaustive but are provided to illustrate the error. Required: Technically correct referencing style Minor errors in technical correctness of referencing style Deduct 5% from mark awarded Major errors In technical correctness of referencing style Deduct 10% from mark awarded Consistency The same referencing format has been used for all in-text references and in the bibliography/reference list. Minor inconsistencies. The referencing style is generally consistent, but there are one or two changes in the format of in-text referencing and/or in the bibliography. For example, page numbers for direct quotes (in-text) have been provided for one source, but not in another instance. Two book chapters (bibliography) have been referenced in the bibliography in two different formats. Major inconsistencies. Poor and inconsistent referencing style used in-text and/or in the bibliography/ reference list. Multiple formats for the same type of referencing have been used. For example, the format for direct quotes (in-text) and/or book chapters (bibliography/ reference list) is different across multiple instances. Technical correctness Referencing format is technically correct throughout the submission. Position of the reference: a reference is directly associated with every concept or idea. For example, quotation marks, page numbers, years, etc. are applied correctly, sources in the bibliography/reference list are correctly presented. Generally, technically correct with some minor errors. The correct referencing format has been consistently used, but there are one or two errors. Concepts and ideas are typically referenced, but a reference is missing from one small section of the work. Position of the references: references are only given at the beginning or end of every paragraph. For example, the student has incorrectly presented direct quotes (in-text) and/or book chapters (bibliography/reference list). Technically incorrect. The referencing format is incorrect. Concepts and ideas are typically referenced, but a reference is missing from small sections of the work. Position of the references: references are only given at the beginning or end of large sections of work. For example, incorrect author information is provided, no year of publication is provided, quotation marks and/or page numbers for direct quotes missing, page numbers are provided for paraphrased material, the incorrect punctuation is used (in-text); the bibliography/reference list is not in alphabetical order, the incorrect format for a book chapter/journal article is used, information is missing e.g. no place of publication had been provided (bibliography); repeated sources on the reference list. Congruence between in-text referencing and bibliography/reference list All sources are accurately reflected and are all accurately included in the bibliography/reference list. Generally, congruence between the in-text referencing and the bibliography/ reference list with one or two errors. There is largely a match between the sources presented in-text and the bibliography. For example, a source appears in the text, but not in the bibliography/reference list or vice versa. A lack of congruence between the in-text referencing and the bibliography. No relationship/several incongruences between the in-text referencing and the bibliography/reference list. For example, sources are included in-text, but not in the bibliography and vice versa, a link, rather than the actual reference is provided in the bibliography. In summary: the recording of references is accurate and complete. In summary, at least 80% of the sources are correctly reflected and included in a reference list. In summary, at least 60% of the sources are incorrectly reflected and/or not included in reference list. Overall Feedback about the consistency, technical correctness and congruence between in-text referencing and bibliography: _________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________ 20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 3 of 9 Question 1 (Marks: 20) The following information was taken from the books of Orlando Pirates Traders for April and May 2020. Table of items appearing on the bank reconciliation statement of Orlando Pirates Traders for April 2020. Details Amount (R) Balance as per bank statement 55 114.23 Less outstanding cheques: Outstanding cheque: Cheque 242 (4 131.20 ) Outstanding cheque: Cheque 243 (2 991.05) Add outstanding deposits: Outstanding deposit: Deposit Slip no. 52 6 583.45 Balance as per bank account 54 575.43 Bank statement from Sundowns Bank for Orlando Pirates Traders — May 2020 DATE DESCRIPTION DEBIT (R) CREDIT (R) BALANCE (R) 1 Opening Balance 55 114.23 1 Deposit 6 583.45 61 697.68 4 Cheque 244 15 101.82 46 595.86 6 Cheque 242 4 131.20 42 464.66 8 Cheque 243 2 991.05 39 473.61 13 Deposit 18 532.62 58 006.23 20 Cheque 247 1 328.10 56 678.13 21 Cheque 245 1 098.22 55 579.91 22 Deposit 17 688.49 73 268.40 24 Deposit 26 620.56 99 888.96 25 Monthly service fees 350.00 99 538.96 26 Direct deposit — L. Radebe 3 000.00 102 538.96 27 Cheque 598 1 000.00 101 538.96 30 Debit order — Cell C 8 654.20 92 884.76 20 2020 © The Independent Institute of Education (Pty) Ltd 2020 Page 4 of 9 Cashbook Payments of Orlando Pirates Traders — May 2020 DATE CHEQUE COUNTERFOIL NUMBER AMOUNT (R) 4 CC244 15 101.82 17 CC245 1 098.22 20 CC246 8 379.66 26 CC247 1 328.10 30 CC248 4 916.34 30 824.14 Cashbook Receipts of Orlando Pirates Traders — May 2020 DATE DEPOSIT SLIP NUMBER AMOUNT 13 DS63 18 532.62 22 DS64 17 688.49 24 DS65 26 620