# Accounting Grade 12 Paper 1 KZN Prelim 2023 Addendum

> Grade 12 Accounting Paper 1 addendum from the KZN Prelim 2023, 8 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/2023-kzn-prelim-p1-answer-book/05a2fd83-d00d-4834-9420-48f99a86e213
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Addendum
- Year: 2023
- Exam period: KZN Prelim
- Paper: 1
- Curriculum: CAPS
- Pages: 8

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## About this document

Accounting · Grade 12 · KZN Prelim · 2023. Addendum, 8 pages. Read online or download the PDF.

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

## Document text

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### Page 1

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| 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.

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Account}

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QUESTION 1

m

September 2023 Preparatory Examination

1.1 | Calculate the total depreciation for the year.

WORKINGS

ANSWER

10

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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

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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

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Account}

2.4.1

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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

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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.

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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

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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
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