Accounting Grade 12 Paper 1 KZN Prelim 2023 Addendum

Downloaded from hlayiso.com Downloaded from Stanmorephysics.com | KWAZULU-NATAL PROVINCE EDUCATION REPUBLIC OF SOUTH AFRICA NATIONAL SENIOR CERTIFICATE GRADE 12 LEARNER | MOD BY THE | MOD BY THE | MOD BY THE QUESTION MARKS | SCHOOL CLUSTER | PROVINCE This answer book consists of 8 pages. Copyright Reserved Please Turn Over

Downloaded from hlayiso.com Account} dwnloaded from Stanmerepbysics.co QUESTION 1 m September 2023 Preparatory Examination 1.1 | Calculate the total depreciation for the year. WORKINGS ANSWER 10 Copyright Reserved Please Turn Over

Downloaded from hlayiso.com Account} dwnloaded from Stanmerepbysics.co September 2023 Preparatory Examination m 1.2 28 FEBRUARY 2023 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED ON Sales Cost of sales (4 809 000) Service feelincome 550 000 Audit fees 188 410 Salaries and wages 526 855 Insurance 14 700 Depreciation Operating profit 2 030 000 Interest income Operating profit before interest expenses Interest expenses Net profit before taxation Taxation Net profit after tax 1.2 35 Current Liabilities section of the Statement of Financial Position Current liabilities 15 TOTAL MARKS 60 Copyright Reserved Please Turn Over

Account} Downloaded from hlayiso.com dwnloaded from Stanmerepbysics.co QUESTION 2 2.1 Retained Income Note on 30 June 2023 September 2023 Preparatory Examination 9 2.2.1 Dividends paid WORKINGS ANSWER 3 2.2.2 Tax paid WORKINGS ANSWER 4 2.3.1 | Cash flow from Investing activities 8 2.3.2 | Cash Flow from financing activities 5 Copyright Reserved Please Turn Over

Account} 2.4.1 Downloaded from hlayiso.com dwnloaded from Stanmerepbysics.co September 2023 Preparatory Examination 2.4.2 2.3.3 % Operating expenses on sales WORKINGS ANSWER 3 Current ratio WORKINGS ANSWER 4 Net asset value per share (NAV) WORKINGS ANSWER 4 TOTAL MARKS 40 Copyright Reserved Please Turn Over

Downloaded from hlayiso.com September 2023 Preparatory Examination dwnloaded from Stanmerepbysics.com Account} QUESTION 3 3.1 Choose a term from the list below that answers the specific following questions. Write only the term next to the question numbers (3.1.1 to 3.1.3) in the ANSWER BOOK. 3.1.1 3.1.2 3.1.3 3.2.1 | Quote and explain TWO financial indicators to show that the company is managing its expenses more efficiently. 3.2.2 | The directors are satisfied with the liquidity of the company. Quote THREE financial indicators to support this statement. 3.2.3 | Comment on the dividend pay-out policy. Provide ONE point. A shareholder wants to sell her shares to invest in a 3-year fixed deposit account at her bank. Explain whether this is a wise decision. Copyright Reserved Please Turn Over

Account} Downloaded from hlayiso.com dwnloaded from Stanmerepbysics.co September 2023 Preparatory Examination 3.2.4 One of the directors believes that the company could increase loans in the new financial year. Quote TWO financial indicators (with figures) and explain each indicator to support her opinion. 3.2.5 Calculate the minimum number of shares Stanley must buy in April 2023 to gain control of the company. WORKINGS ANSWER Stanley wants to purchase the additional shares at R9,00 without advertising the shares to the public. Give TWO reasons why you would not support him. TOTAL MARKS 35 Copyright Reserved Please Turn Over

Downloaded from hlayiso.com September 2023 Preparatory Examination dwnloaded from Stanmerepbysics.com Account} QUESTION 4 41 Choose the correct word from COLUMN B to match the description in COLUMN A. Write only the letter (A — D) next to the question number (4.1.1 to 4/453) in the ANSWER BOOK. 4.1441 4.1.2 4.1.3 4.2.1 | Explain the role/responsibility of this committee. Give ONE reason why this committee is necessary in a public company. 4.2.2 | Explain why it should be company policy that directors must declare all gifts, donations or favours received from suppliers. Provide TWO points. 4.3 Explain TWO roles/responsibilities of internal auditors in companies. TOTAL MARKS 15 TOTAL MARKS: 150 Copyright Reserved