Accounting Grade 12 Paper 1 KZN June 2022 Addendum

Downloaded from hlayiso.com EDUCATION REPUBLIC OF SOUTH AFRICA NATIONAL SENIOR CERTIFICATE [ GRADE 12 ] I# ��----------------------------------------····�� � 11 II ACCOUNTING P1 11 II II II II II II II ANSWE II II II II II II II II II II II II II ,� \I II ., �----------------------- #1 -----.-e-_ -!!!!""- - - - - - !! !! !! �� Name: ---------------------- Grade: --- =- MOD BY THE MOD BY THE MOD BY THE ii QUESTION MARKS !! • SCHOOL CLUSTER PROVINCE - ii 1 ii 2 !! 3 TOTAL N.B. This answer book consists of 8 pages. Co ri ht Reserved Please Turn Over

Downloaded from hlayiso.com June 2092 Gammon Tast QUESTION 1 1.1. Statement of Comprehensive income for the year ended 28 February 2022 Sales Cost of Sales Gross profit Operating expenses Operating profit 1.2 _RETAINED INCOME Balance at the beginning Balance at the end TOTAL MARKS 50 | Copyright Reserved Please Turn Over

Accounting P1 QUESTION 2 Downloaded from hlayiso.com 3 NSC — Answer Book June 2022 Common Test 2.1 [NO CALCULATION ANSWER (a) (b) (c) (d) (e) 16 Copyright Reserved Please Turn Over

{ i Accounting P14 j 2.2 ou — AIowe! OUUR ROYAL LTD Downloaded from hlayiso.com CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2022 CASH FLOW FROM OPERATING ACTIVITIES Cash generated from operations 1 295 760 Interest paid (86 760) Dividends paid Income tax paid (625 000) CASH FLOW FROM INVESTING ACTIVITIES Purchase of fixed asset CASH FLOW FROM FINANCING ACTIVITIES Proceeds of new loans Repayment of loan Net change in cash and cash equivalents Cash and cash eq uivalents beginning of year alents at the end of year Copyright Reserved 25 Please Turn Over

Downloaded from hlayiso.com Accounting P1 5 dune 2022 Common Test NSC — Answer Book 2.3 Calculate the following financial indicators on 30 April 2022 Calculate the percentage operating profit on sales 3 Calculate the debt-equity ratio 3 Calculate the net asset value per share 3 TOTAL MARKS 50 Copyright Reserved Please Turn Over

Downloaded from hlayiso.com NSC — Answer Book QUESTION 3 Choose an accounting concept from Column B that best matches the analysis questions in Column A. Write only the letter (A — D) next to the number (3.1.1 — 3.1.3) in the ANSWER BOOK. 3.1.1 3.1.2 3.1.3 3 3.2.1 | What type of audit opinion is provided by the independent auditor? 2 3.2.2 | To whom is the audit report addressed? 1 3.2.3 | What is the responsibility of the directors with regards to the audit report? 2 3.2.4 Other than the shareholders of MEVAS Limited, list TWO other interested parties that will be interested in the audit report of the company. Briefly explain why each would be interested. PARTY REASON 4 Copyright Reserved Please Turn Over

Accounting P1 3.3.1 1.3.2 3.3.3 Copyright Reserved Downloaded from hlayiso.com NSC — Answer Book Ordinary share capital Authorised 2 000 000 shares June 2022 Common Test Issue 10 Liquidity Comment on the liquidity position of the company. Quote THREE financial indicators (with figures) in your answer and explain the change in each trend 6 Dividends Do a calculation to show the change in the dividend pay-out policy. Provide ONE reason why the directors took this decision. 5 Comment on the dividend per share over the past two years. Quote figures. 2 Please Turn Over

3.3.4 3.3.5 3.3.6 Downloaded from hlayiso.com Returns and earnings Comment on the % return and earnings per share of the company. Quote TWO financial indicators with figures. 6 Shareholding A shareholder is not satisfied with the dividend received, as it is less than that of last year. Explain why you agree with him. Quote figures. 3 Risk and gearing Explain how the loan affected the risk and gearing and whether or not it was a good idea to increase the loan. Quote TWO financial indicators with figures. 6 TOTAL MARKS 50 Copyright Reserved