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Write down the amount received for the school fund in words. 2.2. Calculate the missing value A. 2.3. Calculate the difference between the income and expenses of Daniëlskuil High School. 2.4. Mention any incidental expenses that the school may face.

Accounting

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Part 2.1· 2 steps

  1. Identify the amount for the school fund from the table.

    The amount for the school fund is R1,536,000R1,536,000.

  2. Write the amount in words.

    The amount received for the school fund is One million, five hundred and thirty-six thousand rand.

    One million, five hundred and thirty-six thousand rand\boxed{\text{One million, five hundred and thirty-six thousand rand}}

Part 2.2· 2 steps

  1. Assume "A" represents the total income for the school, as it is a common missing value in budget tables.

  2. Sum all the income items listed in the table.

    Income items are: State Allocation, School fund, Fundraising for year, and Donations & Sponsors.

    A=R123,242+R1,536,000+R30,000+R10,000A = \text{R}123,242 + \text{R}1,536,000 + \text{R}30,000 + \text{R}10,000 A=R1,699,242A = \text{R}1,699,242

    The missing value A (Total Income) is R1,699,242\boxed{\text{R}1,699,242}.

Part 2.3· 2 steps

  1. Calculate the total expenditure by summing all expense items from the table.

    Expenditure items are: Water and Sanitation, Professional services, SBL Salaries, Fuel and travel allowance, Stationery, Transportation costs, Textbooks, Sports equipment, Telephone/photocopying, and Sundry expenses.

    Total Expenditure=R5,640+R13,650+R200,000+R43,200+R3,000+R55,000+R140,000+R30,000+R8,500+R2,350\text{Total Expenditure} = \text{R}5,640 + \text{R}13,650 + \text{R}200,000 + \text{R}43,200 + \text{R}3,000 + \text{R}55,000 + \text{R}140,000 + \text{R}30,000 + \text{R}8,500 + \text{R}2,350 Total Expenditure=R501,340\text{Total Expenditure} = \text{R}501,340

  2. Calculate the difference between the total income (from 2.2) and the total expenditure.

    Difference=Total Income−Total Expenditure\text{Difference} = \text{Total Income} - \text{Total Expenditure} Difference=R1,699,242−R501,340\text{Difference} = \text{R}1,699,242 - \text{R}501,340 Difference=R1,197,902\text{Difference} = \text{R}1,197,902

    The difference between the income and expenses is R1,197,902\boxed{\text{R}1,197,902}.

Part 2.4

Incidental expenses are minor, often unexpected costs that are not part of the main budget categories.
Some incidental expenses a school may face include:

  • Minor repairs (e.g., fixing a broken window or a leaky tap)
  • Emergency supplies (e.g., unexpected first aid refills or cleaning materials)
  • Small administrative costs (e.g., postage for urgent mail, bank charges)
  • Unplanned event costs (e.g., refreshments for an impromptu meeting)
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