Commercial Subjects Tutoring Program

25/08/2026

25/08/2026

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18/08/2026

Business Studies Grade 11

Qualities of an Entrepreneur

1) Desire for Responsibility
*** Entrepreneurs like to prove themselves as INNOVATIVE, HARDWORKING and RESPONSIBLE for creating their own income.

*** They are not afraid to take responsibility for their decisions and actions in the business.

*** They prefer to be the CREATORS of their own future.

2) Taking Calculated Risks( Risk Taker)
**** An Entrepreneur is willing to take a WELL THOUGHT OFF RISK.

**** They RISK their OWN MONEY when they start their business.

**** Some, RISK FINANCIAL SECURITY when they start a business, they take loans.

**** They are FLEXIBLE should they turn out to make wrong decisions.

To be continued...

11/08/2026

Grade 11 Business Studies

Topic: Definition of an Entrepreneur

Entrepreneur
* Someone who starts and manages/organizes his/her own business.

* Someone who can identify business opportunities to make new products/services or to change existing products/services.

* Someone who converts a business idea into a business venture.

* They are self-employed and create their own income.

* The process of setting up a business is known as Entrepreneurship.

QUALITIES OF AN ENTREPRENEUR to be posted on the next post.

11/08/2026

Grade 11 Business Studies

Topic: Assessment of Entrepreneurial Qualities in a business

Basically all they want you to do is to identify the Entrepreneurial Qualities you see from a business owner, in a case study.

They'll provide you with a case study and you will name the Entrepreneurial Quality you see from the case study..

QUALITIES OF AN ENTREPRENEUR to be posted on the next post

05/08/2026

Business Studies
Information For Grade 11

Topic : Entrepreneurial Qualities

Must know:
1) Entrepreneur

2) Entrepreneurial Qualities

3) Assess how an Entrepreneur applies those Qualities to their Business.

4) How a business can a business succeed ( Key Success Factors)

5) Strategies a business can use to remain Profitable and Sustainable

6) Areas where a business can make an Improvement

10/02/2022

Bank Reconciliation Statement (BRS)
Is a document prepared by a business to explain the differencesbetween IT'S BOOKS and the ENTRIES ON THE BANK STATEMENT.

Bank Statement - is a document sent by the bank at the end of every month showing all the transactions that took place on the business' bank account.

Two differences that can exist between Bank Statement and the Books Of A Business.

1) If a transaction appears on the Bank Statement but NOT in the Books Of The Business.

We enter the missing or ommited transaction on the Cash Journals (CPJ or CRJ), in order to update the books.

2) If a transaction appears in the BOOKS of The Business but NOT on the Bank Statement.

We record the amount on the Bank Reconciliation Statement and check next month if the Bank Statement has been updated.

Items that are on the Bank Statement that are NOT in the BOOKS of the Business

*Direct Deposit
*EFTs received
*Interest Income (on Current account or fixed deposit or savings account)
*EFT stopped
All these are recorded on the CRJ (Dr Side Of Bank Account via General Ledger)

Entered in the CPJ (Cr side of Bank Account) are:
*Dishonored EFTs
*Bank Charges (add services fees, EFT fees, Credit Card Levies, Cash Deposit Fees)
*Debit Order
*Stop Order
*Interest Expense (On Overdraft or loan from a bank or for not paying creditors on time)

To be continued

31/01/2022

Good Morning Virginians...

We are back again, and this time for good.

We still offer help with Accounting and Mathematical Literacy, only that this time it's R50 per month per subject for Grade 10,11 and 12..

We're here to help your child.

We'll keep you updated.
Thanks.