# Accounting Grade 12 Paper 2 NW Prelim 2023 Addendum

> Grade 12 Accounting Paper 2 addendum from the NW Prelim 2023, 11 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/2023-nw-prelim-p2-answer-book/cc6b6add-2e97-44e2-9957-8a93af46407e
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Addendum
- Year: 2023
- Exam period: NW Prelim
- Paper: 2
- Curriculum: CAPS
- Pages: 11

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## About this document

Accounting · Grade 12 · NW Prelim · 2023. Addendum, 11 pages. Read online or download the PDF.

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## Document text

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NAME:
NAME OF SCHOOL:
NATIONAL SENIOR CERTIFICATE
ACCOUNTING P2
GRADE 12
SEPTEMBER 2023
SPECIAL ANSWER BOOK
QUESTION MARKS MARKS INITIAL MODERATOR
AWARDED
1. 40
2. 45
3. 35
4. 30
TOTAL 150

This answer book consists of 11 pages:

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NSC — Answer Book
QUESTION 1
1.1 | DEBTORS' AND CREDITORS' RECONCILIATION
Debtors Creditors
Item Debtor Debtors Creditors Creditors
Control List Control List
Balancesf
Total 36 100 36 730 47 550 46 020
1
2
3
4
5
6
7
15
1.2 BANK RECONCILIATION
1.2.1 | CASH RECEIPTS JOURNAL CASH PAYMENTS JOURNAL
Total 389 504 Total 287 000
11
1.2.2 | Calculate the correct Bank balance in the ledger on-the
31 August 2023.
WORKINGS ANSWER
4

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NW/September 2023

YOU MUST CHOOSE ONE OF THESE TEMPLATES — DO NOT USE BOTH

1.2.3 | Bank Reconciliation Statement on 31 August 2023.

Bim Debit

Credit

OR one column method:

Bank Reconciliation Statement on 31 August 2023.

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1.2.4 | An investigation revealed that the deposit of R31 210, dated

9 July 2023, did not appear in the July and August Bank
Statements. This was in respect of cash received, that Joubert
never deposited. You advised the owner to write off this
amount.

State the GAAP principle that applies to this decision:

Explain TWO procedures, besides division of duties, to be
implemented to prevent such a loss in future.

TOTAL MARKS

40

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BLANK PAGE

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QUESTION 2
2.1. | COST CONCEPTS
2.1.1
2.1.2
2.1.3
2.2 © MAQLAWN MOWER MANUFACTURERS

NW/September 2023

2.2.1 | FACTORY OVERHEAD COST

15

2.2.2 | PRODUCTION COST STATEMENT FOR THE YEAR ENDED

28 FEBRUARY 2023

Prime cost

Total manufacturing cost

Work-in-process (beginning of year)

160 000

Cost of production of finished goods

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12

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2.3. VITAMIN CHEWABLES

2.3.1

2.3.2

2.3.3

2.3.4

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Provide a calculation to confirm that the break-even point for the
2023 financial year is correct.

WORKINGS ANSWER

Mimi is not happy with the number of units produced and sold.
Provide TWO points of evidence with figures to support her opinion.

No theft has occurred in the business; however, Mimi is concerned
that most of her workers are not loyal and committed and do have
due regard for the products they produce. Provide TWO different
points of evidence, with figures, to support her opinion.

Mimi wants to improve her profit by R75 000 during the next financial
year while maintaining costs. Calculate the additional units that must
be produced to achieve this target.

TOTAL MARKS

45

NW/September 2023

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QUESTION 3
SKIRTS

3.1.1 Provide=a calculation to show how much stock of fabric (in metres)
has been stolen from the storeroom.
WORKINGS ANSWER

Provide a calculation to show how much stock of fabric (in metres)
has been wasted in, or stolen from the factory.
WORKINGS ANSWER

3.1.2 Calculate the value (excluding VAT) of all the stock of fabric on hand
at the year-end using the weighted average method.
WORKINGS ANSWER

3.1.3. | Apart from obvious measures such as installing cameras and locking
up the storage areas, what instructions should be given to the
following staff managers to prevent theft of fabric? Provide TWO
different points for each employee:

STAFF MEMBERS INSTRUCTIONS

Store room
manager

Factory manager

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DRESSES:
3.2.1 Calculate the value of the closing stock (VAT excluded) of the
dresses according to the Specific Identification method.
WORKINGS ANSWER
4
3.2.2 Calculate the stock holding period of dresses.
4
3.3. VALUE ADDED TAX
A B Cc D
DETAILS OF EXCLUDING INCLUDING | VAT AMOUNTS
TRANSACTIONS VAT VAT CALCULATED

Purchase of skirt fabric R172 460 R198 329 R25 869

Purchase of dresses R234 000 R269 100

Sales of skirts hz R469 200

Sales of dresses R364 800 R419 520

Administration salaries

& wages R70 000

Other administration &

operating expenses R103 200

Fixed assets purchased R142 600

Bad debts R2 300 R2 645

AMOUNT PAYABLE TO SARS 10

OR RECEIVABLE FROM SARS

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TOTAL MARKS

35

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QUESTION 4
4.1 | Explain how Anel changed the mark-up % from October to November,
and provide TWO reasons why she might have chosen to do this.
Explanation of how:
Reasons?
4
4.2 | Calculate the amount of the loan on 1 October 2023.
4
4.3 | Calculate the proposed percentage increase that will be granted
during November 2023.
2
Do you think that the shop assistants will be satisfied with this
increase? Give a reason to support your opinion.
2
4.4 Refer to Information B
4.4.1 | Comment on the budgeted and actual figures for advertising.
What consequences do this have for the business? Quote
figures or calculations to support your opinion.
3
4.4.2 | The owner is concerned about the differencejbetween the
budgeted and actual figures of repair material//Why is she
concerned and what could be the reason for this-difference?
Quote figures or calculations to support your opinion.
3

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NSC — Answer Book

4.5. PROBLEM SOLVING

4.5.1 | Calculate the impact that the cost saving initiatives would have
on the electricity expense
SAVINGS WORKINGS ANSWER
From LED lights | 780 000 x 20/100 x 70/100 R109 200
From air-
conditioner
motion sensors
From electrical
to gas stoves
From solar
geysers
Total: R 7
ee |
4.5.2 | Calculate how long it will take for the savings to cover the total
cost of the initiatives proposed.
How long:
2
4.5.3 | Explain why you would advise James and Brenda to go ahead
with the proposed measures or not.
2
Provide TWO other advantages that these changes would have
for the future prospects of the hotel.
2
TOTAL MARKS
30
TOTAL: 150

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