# Accounting Grade 12 KZN June 2018 Question Paper

> Grade 12 Accounting question paper from the KZN June 2018, 16 pages. Read online or get the free PDF download, memo linked when available.

- Page: https://www.hlayiso.com/library/2018-kzn-june-qp/8597fa8e-4b9c-4c5d-8ff3-4543d8aa5643
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Question paper
- Year: 2018
- Exam period: KZN June
- Curriculum: CAPS
- Pages: 16

Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 KZN June 2018 Question Paper](https://www.hlayiso.com/library/2018-kzn-june-qp/8597fa8e-4b9c-4c5d-8ff3-4543d8aa5643)

## About this document

Accounting · Grade 12 · KZN June · 2018. Question paper, 16 pages. Read online or download the PDF.

Read it free online on the page above; download the PDF from there.

## Document text

Text extracted from the PDF. Layout, diagrams and tables may not survive extraction.

### Page 1

Downloaded from hlayiso.com

= = a =a SS = |

education

Department:
Education
PROVINCE OF KWAZULU-NATAL

NATIONAL |
SENIOR CERTIFICATE
|

4 ACCOUNTING "
| : COMMON TEST "
* JUNE 2018 :
MARKS: 300 |
TIME: 3HOURS

N.B. This question paper consists of 16 pages and an answer book of 16 pages. |

Copyright reserved Please turn over |

### Page 2

Downloaded from hlayiso.com

Accounting 2 Common Test June 2018
NSC

INSTRUCTIONS AND INFORMATION

Read the following instructions carefully and follow them precisely.

4. Answer ALL the questions.

2. Aspecial ANSWER BOOK is provided in which to answer ALL the questions.
3. Show workings in order to achieve part-marks.

4. You may use a non-programmable calculator.

5. You may use a dark pencil or blue/black ink to answer the questions.

6. Where applicable, show all calculations to ONE decimal point.

7. Write neatly and legibly.

Copyright reserved Please turn over

### Page 3

Accounting

Use the information and ta
NOT to deviate from it.

8.

Downloaded from hlayiso.co
3

m

Common Test June 2018
NSC

ble below as a guide when answering the question. Try

Question 1: 30 Marks; 18 Minutes

| Main topic of the question

This question integrates:

Reconciliations and
Interpretation

Financial accounting
Financial accounting
Bank reconciliation

Managing resources
Internal control

QUE

STION 2: 30 Marks; 18 Minutes

Main topic of the question

This question integrates:

Reconciliation and
interpretation

Financial accounting

Financial accounting

Debtors and Creditors reconciliation
Managing resources

Internal control

QUE

STION 3: 65 Marks; 39 Minutes

Main topic of the question

This question integrates:

Financial Statement

Financial accounting
Income Statement with notes and audit report

QUE

STION 4: 65 Marks; 39 Minutes

Main topic of the question

This question integrates:

Financial Statement

Financial accounting
Balance Sheet and notes

QUE

STION 5: 40 Marks; 24 Minutes

Main topic of the question

This question integrates:

Stock valuation and internal
control

Managing resources
Inventory valuation: FIFO, weighted average and

Internal control problem-solving

QUE

STION 6: 70 Marks; 42 Minutes

Main topic of the question

This question integrates:

Cash Flow and interpretation of
information

Financial accounting
Cash Flow Statement
Calculations and financial indicators
Analysis and interpretation

Copyright reserved

Please turn over

### Page 4

Downloaded from hlayiso.com

Accounting 4 Common Test June 2018
NSC

QUESTION 1 (30 Marks; 18 Minutes)

BANK RECONCILIATION AND INTERNAL CONTROL

You are presented with information from the records of Mzimkhulu Traders for
May 2018. The sole owner is Gerald White.

REQUIRED:

4.1 Calculate the correct totals in the Cash Receipts Journal (CRJ) and Cash
Payments Journal (CPJ) for May 2018. (10)

4.2 Calculate the Bank balance on 31 May 2018. (You may prepare a ledger
account in order to do so). State whether this is a favourable or an
unfavourable balance. (5)

4.3. Prepare the Bank Reconciliation Statement on 31 May 2018. (9)

4.4 As internal auditor you are not happy with the manner in which cash is being
controlled in this business. Identify TWO problems and provide figures to
support your answer. Give advice on how these problems can be avoided in

future. (6)
INFORMATION:
A. _ Information from the Bank Reconciliation Statement on 30 April 2018.
Favourable balance as per Bank Statement R27 300
Outstanding deposit:__| 18 April 2018 R16 000
30 April 2018 R21 500
Outstanding cheques: | 4438 (10 October 2017) R2 000
. 5551 (29 April 2018) R7 200
5568 (18 May 2018) R12 600
Favourable balance as per Bank Account in the ledger R43 000

B. Provisional totals for cash journals:
e CRJ R49 067
e CPJ R51775

C. Acomparison of the May 2018 Bank Statement revealed that the following
was not recorded in the Journals.
e Anamount of R840 in the Bank Statement for bank charges.

e A dishonoured cheque for R6 800 appeared on the Bank Statement.
This cheque was received from K. Kunene, a debtor, in settlement of

his account of R7 250.
e Interest of. R860 credited in the Bank Statement.

e Cheque No. 6331 issued to a creditor, Pinetown stores, appeared
correctly on the Bank Statement as R7 940. This was recorded as
RQ 740 in the Cash Payments Journal.

e A debit order of R880 for the monthly insurance appeared twice on the
Bank Statement, but no entry has been made in the journals.
The bank will rectify this on the Bank Statement next month.
Copyright reserved Please turn over

### Page 5

Downloaded from hlayiso.com
5

Accounting Common Test June 2018

NSC

D. Items that appeared in the April Bank Reconciliation Statement:

e Only cheque No. 5551 and the deposit of R21 500 appeared on the
Bank Statement for May 2018.

e Cheque No. 5568 was issued to the Ulundi Tennis Club in payment of
the owner's membership fees. The cheque must be cancelled as the
club no longer exists.

e The outstanding deposit of R16 000 is in respect of cash received as
commission. This did not appear on the Bank Statement. The cashier in
charge of deposits stated that she was robbed on the way to the bank.
The owner authorised that this amount be written off as the business
will not be able to recover the money.

E. The May 2018 Cash Receipts Journal reflected the following outstanding
deposits:

e R15 500 on 15 May 2018
e R20 200 on 29 May 2018

F. Cheques from the May 2018 Cash Payments Journal not presented for
payment:

e 5664 for R5 600 (dated 27 May 2018)
e 5668 for R7 555 (dated 23 July 2018)

G. The Bank Statement on 31May 2018 reflected a favourable balance of
R9 607.

30

Copyright reserved Please turn over

### Page 6

Downloaded from hlayiso.com
Common Test June 2018

Accounting

QUESTION 2

6
NSC

(30 Marks; 18 Minutes)

DEBTORS AGE ANALYSIS AND CREDITORS RECONCILIATION

2.1. ILLOVU TRADERS

The debtors’ age analysis on 31 May 2018 is provided. Credit terms are 30 days

REQUIRED:

2.1.1. Explain how a debtors’ age analysis can assist with internal control over

debtors.

2.1.2 Calculate the percentage of total debts exceeding the credit terms.

2.1.3. Explain ONE problem (with figures) relating to each of the following

debtors:

e Mswane P
e Hambrok V

INFORMATION:

DEBTORS’ AGE ANALYSIS ON 31 MAY 2018:

(2)
(4)

(3)
(3)

CREDIT | AMOUNT | CURRENT 30 60 90
LIMIT OWING MONTH DAYS DAYS | DAYS
R R R R R R
P. MSWANE 10 000 11 000 1.980 9 820
W. SMITH 14 000 13 450 4 100 3 902 5 448
N. CELE 2 800 2 550 2 550
V. HAMBROK |_14 000 11 192 9 112 2 080
K. PRICE 5 000 2 608 1 408 1 200
41 600 7488 17.472 | 14560 | 2080
100% 2 ? ? ?

Copyright reserved

Please turn over

### Page 7

Accounting

2.2 CRE

Downloaded from hlayiso.com

FG Common Test June 2018

NSC

DITORS’ RECONCILIATION

Sue Traders received a statement of account from a creditor lan Suppliers. The
balance on the statement did not agree with that on the account of lan Suppliers in
the Creditors’ Ledger of Sue Traders.

REQUIRED:

2.2.1 Briefly explain how the preparation of a creditors’ reconciliation as an
internal control measure can assist the business in managing their
creditors effectively. Provide TWO points

2.2.2 Complete the table in the ANSWER BOOK to show how the differences
must be treated to reconcile the Creditors’ Ledger Account balance with
the statement balance.

Write the amounts in the appropriate columns and indicate the increase or

decrease with a (+) or (-) with each amount.

INFORMATION:

Balance of lan Suppliers in Creditors’ Ledger of Sue Traders R11 005

Balance on the statement received from lan Suppliers R 19 620

A comparison between the Creditors’ Ledger Account of lan Suppliers and the
statement of account showed the following differences:

A.

Copyright reserved

An invoice for R9 870 received from lan Suppliers was correctly recorded in
the Creditors Ledger Account. The amount was incorrectly recorded as
R 8 990 on the statement.

Sue Traders entered a discount of R875 relating to a payment of R7 000 on
13 May 2018. lan Suppliers did not approve this discount stating that the
payment was received late.

The statement of account reflected returns valued at R890. The Creditors’
Ledger Account showed R690. It was established that Sue Traders
miscalculated the value of the goods returned.

An invoice for R1 910 received from lan Suppliers was incorrectly recorded
as a debit note in the Creditors’ Ledger.

A direct transfer of R5 000 by Sue Traders was recorded in the Cash
Payment Journal on 30 May 2018. The statement of account from lan
Suppliers was dated 25 May 2018.

(4)

(14)

30

Please turn over

### Page 8

Accounting 8

Downloaded from hlayiso.com

NSC

QUESTION 3 (65 Marks; 39 Minutes)

3.1

3.2

Copyright reserved

INCOME STATEMENT AND AUDIT REPORT

Choose a description from column B that matches the term in column A. Write
only the letter (A - D) next to the question number (3.1.1 — 3.1.4) in the answer

book.

Column A Column B

3.1.1 | Income Statement A. Reflects the source of funds and how
they were used.

3.1.2 | Balance Sheet B. | Reflect the opinion on the reliability of
the financial statements.

3.1.3 | Cash Flow Statement C. | Reflect the financial position of a
business on a particular period.

3.1.4 | Independent audit report |D. | Reflect the net results of a business on
a particular period.

DUNDEE LTD

The information relates to Dundee Limited for the financial year ended
28 Feoruary 2018.

REQUIRED:

3.2.1 Prepare the Income Statement (Statement of Comprehensive Income) for
the year ended 28 February 2018.

3.2.2 Prepare the Trade and other payables note on 28 February 2018.

Common Test June 2018

(4)

(38)

(14)

Please turn over

### Page 9

Downloaded from hlayiso.com

Accounting 9 Common Test June 2018
NSC
INFORMATION:
A. | EXTRACT FROM THE PRE-ADJUSTMENT TRIAL BALANCE ON
28 FEBRUARY 2018
Balance sheet accounts
Loan: Triumph Bank 1.470 000
| Fixed assets at carrying value 950 000
Fixed deposit: Wayde Bank 1186 000°
Creditors control 97 500
Debtors control 186 000
|Trading stock _ 1.050 300
| Bank Or 42 550 |
SARS (Income tax) (Dr) ; 500 000 |
Provision for bad debts _— 3 600
/Consumables on hand (Packing material — 1 March 2017) 820
| Nominal accounts
Sales 8 750 500 |
Cost of sales 5 ?
Debtors allowance 20 500
Directors fees 550 000
| Audit fees 188 410
| Salaries and wages 681 600
| Rent income 70 500 |
Interest on fixed deposit 80 000 |
Insurance 14 700
Bad debts 6 730
| Packing material 4 400
Depreciation ee 2]
Ordinary share dividends 340 000

B. A credit note for R40 000 issued to a debtor, dated 27 February 2018, was
recorded as an invoice. The cost price of these goods were R21 000.

C. The business prices its goods at a mark-up of 70% on cost. Trade
discounts of R360 000 was allowed on invoices to certain customers.

D. A debtor, B Zulu, with an outstanding balance of R42 000, has left the
country. His account must be written off.

E. The provision for bad debts must be adjusted to 5% of the outstanding
debtors.

F. The rent income was increased by R1 500 per month with effect from
1 November 2017. The tenant has not paid the rent for February 2018.

G. Noentries have been made for stock stolen at the beginning of
January 2018. The insurance company has informed Dundee LTD that they
have transferred R32 000 into the business bank account in respect of the
insurance claim. Dundee Ltd has to bear the stock loss of 20%.

Copyright reserved Please turn over

### Page 10

Accounting 10

3.3

Copyright reserved

Downloaded from hlayiso.com

NSC

H. _ The loan statement from Tholeni bank on 28 February 2018 reflected the

following:

Balance at the Beginning of the financial year R1 470 000
Repayments during the year R840 000
Interest capitalised 2
Balance at the end of financial year R750 000

I. The annual insurance premiums of R27 000 on company vehicles was paid
for a period from 1 June 2017 to 31 May 2018.

J. An employee, S Zwane, who commenced work on 1 February 2018, was
omitted from the salaries journal. Details of his salary for February 2018 is

as following:
Gross salary DEDUCTIONS Contributions
PAYE Pension fund UIF Pension fund | VIF
13 500 2190 41 080 135 41 620 135

Note: all contributions are recorded as part of salaries and wages.

K. Depreciation is the missing figure in the Income Statement.

L. | The bookkeeper forgot to reverse the consumable stores on hand on
1 March 2617.

M. — Income tax for the financial year was calculated as R540 000. This is 30%
of the net profit before tax

AUDIT REPORT

You are provided with an extract from the audit report of Iniwe Limited.
3.3.1 What type of audit opinion is provided by the independent auditor?
3.3.2 To whom is the audit report addressed?

3.3.3 What is the responsibility of the directors with regards to the audit report?

3.3.4 Beside the shareholders of Iniwe Limited, list TWO other parties that will be
interested in the audit report of the company. Briefly explain why each
would be interested.

INFORMATION:

Extract from the audit report:

Because of the significance of the matters described in the opinion paragraph, we
do not express an opinion on the financial statements as to whether they have
been properly prepared, in all material respects, in accordance with the FRS. In
addition, we do not express an opinion on the Balance Sheet together with the
notes thereon as to whether they are properly drawn up so as to exhibit a true and
correct view of the state of the Company's affairs as at 28 February 2018
according to the best of our information and explanations given to us.

Common Test June 2018

(2)
(1)
(2)

(4)

65

Please turn over

### Page 11

Downloaded from hlayiso.com

Accounting 1 Common Test June 2018
NSC
QUESTION 4 BALANCE SHEET WITH NOTES (65 Marks; 39 Minutes)

4.1. Zuma Ltd is a public company listed on the JSE. The business has an authorised
share capital of 5 000 000 ordinary shares.

REQUIRED :
4.1.1. What is a Fixed Assets Register? Explain how this register assists the
internal auditor in the course of his duties. (4)
4.1.2 Refer to the Note to the Balance Sheet for Fixed/Tangible Assets.
Calculate the missing amounts denoted by (a) to (c) (18)
4.1.3. Prepare the following notes to the Balance Sheet:
e Ordinary share capital (4)
e Retained income (7)
4.1.4 Complete the Balance Sheet on 30 June 2018. Where notes are not
required, show all workings in brackets to earn part marks. (32)
INFORMATION:
A. The following was extracted from the books of Zuma Ltd on 30 June 2018:
Fixed / Tangible assets ( carrying value) ?
Fixed deposit: Sam Bank ?
Ordinary share capital (1 July 2017) 600 000
Retained income (1 July 2017) _ 181 900
Bank 195 000
Loan: Masiya Bank ?
Trading stock ?
Trade and other receivables ?
Creditors control 219 580
SARS- Income tax (provisional payments) 240 000

B. Share capital:

e Zuma Ltd authorised to issue 5 000 000 ordinary shares.

e 300 000 shares were in issue on 1July 2017.

e 100 000 new shares were issued on 1 December 2017 at R5 per
share. Transaction was recorded.

e 20 000 shares were repurchased on 20 June 2018, from a
shareholder who was relocating to China. A payment of R77 000
was made on the same day and recorded.

c. Dividends:

© The interim dividends of R84 000 was paid on 31 December 2017.

e A final dividends of 44 cents per share was declared on
30 June 2018. All shares including the shares repurchased on
20 June 2018 qualify for final dividends.

Copyright reserved Please turn over

### Page 12

Accounting

Downloaded from hlayiso.com

12 Common Test June 2018

NSC

Fixed assets / Tangible assets

FIXED/TANGIBLE ASSETS
Land and Equipment Vehicles
buildings
Carrying value at beginning of year | 516 395 61 100 330 000
Cost price _ 516 395 615 000 900 000
| __ Accumulated depreciation - (553 900) (570 000)
Movements :
Additions _ 430 000 30 000
Disposal at carrying value - -
Depreciation - (a) a
Carrying value at end of year 946 395 364 960
Cost price
Accumulated depreciation

e The vehicle sold was purchased on 1 April 2015 and was sold on
31 December 2017 for cash R70 000 and recorded. Its original
cost price was R130 000, the new vehicle was also purchased on
31 December 2017.

» New equipment was bought on 1 January 2018

Depreciation was calculated as follows:

e Vehicles at 29% p.a. on diminished balance method.
e Equipment at 10% p.a. on cost

Loan ; Masiya Bank

The loan statement received reflected the following:

Balance on 1 July 2017 R920 000
Total monthly repayment including interest R153 600
Interest capitalised R65 400
Balance on 30 June 2018 R?

The same portion of loan will be settled during the next financial period.
Profit and tax:

e The net profit after tax amounted to R681 720.
e Income tax amounted to R238 602

Financial indicators on 30 June 2018:

Current ratio 1.2:

Acid test ratio 0.9:1

Copyright reserved

65

Please turn over

### Page 13

Downloaded from hlayiso.com

Accounting 13 Common Test June 2018
NSC

QUESTION 5 (40 Marks; 24 Minutes)
STOCK VALUATION AND INTERNAL CONTROL

5.1 You are provided with information relating to Hi-Tech World Traders for the year
ended 28 February 2018. The business sells only high definition decoders. The
periodic inventory system and the weighted average stock valuation method are
in operation. They buy all their stock from one supplier.

REQUIRED:

5.1.1 Explain ONE main difference between the periodic and continuous
(perpetual) inventory systems. (2)

5.1.2 Using the weighted average stock valuation method calculate the

following:
e Value of closing stock on 28 February 2018. (10)
e Gross profit for the year ended 28 February 2018. (4)
5.1.3. Calculate the number of units missing. (The missing stock is from
January purchases) (6)
5.1.4. Calculate the value of closing stock using the FIFO method. (9)

5.1.5 R. Reed, the owner, asked you to switch to the FIFO-method of inventory
valuation when you are going to prepare the financial statements for
2018. What will your response, to this request, be? (3)

INFORMATION:

1. Stock on 1 March 2014 (100 decoders) valued at R82 280 (this included
carriage on purchases)

2. Purchases during the year totaled 1 150 units for R1 141 000, and are
summarized as follows:

May 2017 250 units at R900 each R225 000
October 2017 800 units at R970 each R776 000
January 2018 100 units at R1 400 each R140 000
3. Carriage on purchases during the year was charged at R40 per decoder

by the supplier.

4. Returned 10 defective decoders purchased during January 2018, to the
supplier. The supplier granted a full refund including carriage.

5. A selling price of R1 771 was maintained throughout the year. Sales
amounted to R1 962 268.

6. On 28 February 2018, a physical stocktaking revealed stock of 130
decoders on hand.

Copyright reserved Please turn over

### Page 14

Accounting

5.2

Copyright reserved

Downloaded from hlayiso.com
14

Common Test June 2018
NSC

BIG BROTHER TRADERS

Big Brother Traders sells one type of camera. The owner, Mr. M.S. Mazibuko,
has three branches situated in Hibberdene, Umkomaas and Umdloti. The three
branches are managed by Mpisane, Shabangu and Lekota respectively.

Mr M.S Mazibuko has obtained the annual figures/amounts from the three
branches for the financial period ending 28 February 2018.

REQUIRED:

Identify ONE problem in relation to each branch, quoting figures/amounts to
support the problem. In each case, offer the owner advice on how to solve the

problem. (6)

Note: All cameras are sold for cash for the period 1 March 2017 to
28 February 2018.

| INFORMATION
CAMERAS Hibberdene Umkomaas Umdloti
(Mpisane) | (Shabangu) (Lekota)
Cameras availabie for sale 1 960 1 600 1 160
| Cameras sold during the year 1 560 300 1.000
supple dutng the er “° “6 : ma
Stock on 28 February 2015 380 1 280 160
FTotalcash sales R18 720 000] R3 600 000 | R11 360 000
VAT collected from customers 15% 14% 14%
Cost price per camera R8 000 R8 000 R8 000
Selling price per camera R12 000 R12 000 R12 000
Advertising costs per year R40 000 R40 000 R40 000
Salary of manager per month R25 000 R25 000 R25 000

40

Please turn over

### Page 15

Downloaded from hlayiso.com

Accounting 415 Common Test June 2018
NSC
QUESTION 6 (70 Marks; 42 Minutes)
CASH FLOW STATEMENT,RATIO’S AND INTERPRETATION
6.1. MADADENI LTD

Copyright reserved

You are provided with information relating to Madadeni Ltd for the financial year
ended 31 May 2018.

Where financial indicators are required to support your answer, name the
financial indicator, the actual figure/ratio/percentage and trends.

REQUIRED:

6.1.1

6.1.2

6.1.3

6.1.4

6.1.5

6.1.6

6.1.7

Complete the Cash Flow Statement for the year ended 31 May 2018.

Some of the figures are already entered in the ANSWER BOOK.
Where notes are not required, show ALL workings.

Calculate the following financial indicators on 31 May 2018:
e Solvency ratio

e Debt-equity ratio

e Net asset value per share (NAV)

The directors are pleased that the operating efficiency of the business
has improved. Quote and explain TWO financial indicators to support
their opinion.

The liquidity of the company has improved. Quote THREE financial
indicators (with trends) to support this statement.

The company directors feel that the shareholders should be disappointed
with the returns and earnings of the company. Quote TWO relevant
financial indicators (actual ratios or percentages) to support their opinion.

Dividend policy:

e Provide calculations to show the change in the dividend pay-out policy.

e Explain why the directors decided to change the policy. State TWO
point with figures.

Besides paying back the loan, the directors have taken other major
decisions that have affected the cash balances. State TWO other major
decisions (exceeding R700 000) and quote the figures from the Cash
Flow Statement. In EACH case, state how the decision will affect the
future of the company.

INFORMATION:

A.

Shares and dividends:

e 75000 new ordinary shares were issued on 1 September 2017.

e 60 000 ordinary shares were repurchased on 4 January 2018 at
90 cents above the average issue price of R9.

e Total dividends for the year 2018, amounted to R285 250

(27)

(7)
(4)
(4)

(4)

(6)

(4)

(4)
(4)

(6)

Please turn over

### Page 16

Downloaded from hlayiso.com ,
NSC

Accounting common Test June 2018

B. Fixed assets:
e Additional property was purchased for R2 100 000. No other fixed
assets were purchased.
* Equipment was sold at carrying value

B. Extract from Income Statement for the year ended 31 May 2018:

Depreciation 150 650
‘Income tax. 240 800 |
Net profit after tax 580 000

Cc. Extract from Balance Sheet on 31 May:
= 2018 2017

| Fixed assets (carrying value) 17 420 950 14 683 300
Fixed deposit: Ken Bank 250000] 380 000
Vc nt assets 1015 000 456 000
Cash and cash equivalents 205 000 7 500
cholders' equity 10 050 750 9 540 000

| Ordinary share capital 9 450 000 9 180 000 |
ned income _ 600 750 360 000

5 000 000 4 500 000

635 200 1 479 200 |

180 000 162 000

6 200 23 400 |

_. 640 500.

0, The following financial indicators were calculated on 31 May:

2018 2017

% gross profit on cost of sales 68% 52%

| Operating expenses on sales 25% 32%
Operating profit on sales 22% 15,8%
Current ratio 16:1 03:1
Acid-test ratio 0.7:1 0,1:1
Stock turnover rate 8,5 times 10 times
Debtors’ collection period 36 days 43 days |

| Creditors’ payment period 63 days 63 days
Solvency ratio ? 26:1

j Debt-equity ratio ? 05:1
Return on total capital employed (ROTCE) 82% 9,5%
Return on shareholders’ equity (ROSHE) 5,9% 8,2%

| Earnings per share (EPS) 51 cents 58 cents
Dividends per share (DPS) 55 cents 35 cents
Net asset value per share (NAV) 2? 1.060 cents

| Market price 1.000 cents _| 1030 cents
Interest rate on loans 12% 12%
Interest on alternative investment 7% 7%

70
TOTAL MARKS: 300

Copyright reserved

## Related documents

- [ACCOUNTING GR12 AB SEPT2018 Afrikaans](https://www.hlayiso.com/library/accounting-gr12-ab-sept2018-afrikaans/bb8fabf9-7043-4ec6-9cf8-5476cecd6602) — Accounting · QP · 2018 · Afr
- [KZN 2020 June P2 QP](https://www.hlayiso.com/library/kzn-2020-june-p2-qp/aebab627-a5be-4328-8b2b-aee3f80cce83) — Accounting · QP · 2020
- [2016 KZN June QP](https://www.hlayiso.com/library/2016-kzn-june-qp/50bf5b89-0bac-4f5b-915d-dd2ca2def2ce) — Accounting · QP · 2016
- [ACCOUNTING GR12 MEMO SEPT2018 English](https://www.hlayiso.com/library/accounting-gr12-memo-sept2018-english/5bfe8f07-1121-4aad-8146-327c580e81de) — Accounting · Memo · 2018 · Eng
- [Grade 12 NSC Accounting X5 Preparatory 2018 Answer Book](https://www.hlayiso.com/library/grade-12-nsc-accounting-x5-preparatory-2018-answer-book/1421ebad-78d7-44c5-8bc8-32ed3600ed1b) — Accounting · Addendum · 2018
- [Grade 12 NSC Accounting X10 Afrikaans 2018 Answer Book](https://www.hlayiso.com/library/grade-12-nsc-accounting-x10-afrikaans-2018-answer-book/69e260ea-abfd-4631-a19b-66d4d2e224a7) — Accounting · Addendum · 2018 · Afr

## More from Grade 12 Accounting

- [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide
- [ACCOUNTING P1 GR12 AB JCT ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-ab-jct-eng-d-watermark/77ae8297-53f7-47b3-8e29-57bd38f30483) — Addendum · 2025 · Eng
- [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 2025 · Eng
- [Accounting P1 (English) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p1-english-june-2025-answer-book/7e96e433-56f8-43a1-9a38-c68c465746dd) — Addendum · 2025 · Eng
- [Accounting P2 (English ) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p2-english-june-2025-answer-book-1/73bffe7c-1c96-49bd-af78-abb8db8c6618) — Addendum · 2025 · Eng
- [Accounting P1 (Afrikaans) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-afrikaans-june-2025-possible-answers/2f10559b-54d6-47f4-9fc2-b2efc62644c4) — Memo · 2025 · Afr

## Collection

- [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers)

---

Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.