EMS Government Grade 8

What is the role of government in ensuring order?

How many provinces does South Africa have?

What are the three main levels of government in South Africa?

What is excise duty?A) A tax on the sale of goodsB) A tax on tobacco and alcohol to discourage useC) D) A tax on petr

Drawings falls under Owners Equity

What is the primary role of a government?

How much is the current VAT rate in South Africa?

Which of the following is a current asset?A) LandB) Trading stockC) Mortgage bondD) Equipment

What is expenditure?

Capital gains tax is tax on profits made from selling assets like property

What is a budget?

What happens if a government has more income than expenditure?

Which branch of government is responsible for carrying out the laws?

What does the government use taxes for?

Cost of Sales - The direct cost incurred to produce the goods sold

What is a fixed asset?

Who can vote in South Africa’s democracy?

In a democracy, the citizens choose the government representative.

Which level of government is responsible for national issues like safety and foreign affairs?