# Accounting Grade 11 September Test 2016 Paper & Memo

> Grade 11 Accounting question paper and memo from the September Test 2016, 16 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/acc-sept-qp-memo-2016-gr11/4cf4dc17-89aa-4b5a-8d5b-6375caea992c
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 11
- Document type: Question paper and memo
- Year: 2016
- Exam period: September Test
- Curriculum: CAPS
- Pages: 16

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Accounting · Grade 11 · September Test · 2016. Question paper and memorandum, 16 pages. Read online or download the PDF.

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Accounting 2 September 2016 Common Test

NSC

INSTRUCTIONS AND INFORMATION

Read the following instructions and be sure to follow them carefully:

1. This question paper consists of 6 pages.

2. A special ANSWER BOOK consisting of 5 pages is provided in which to answer
all the questions.

3. Answer ALL the questions.

4. Workings must be shown in brackets in order to earn part marks.
5. Non-programmable calculators may be used.

6. You may use dark pencil or black / blue pen to answer the questions.
7. Marks will be deducted for missing details and foreign entries.

8. Use the information in the table below as a guide when answering the question paper:

Question 1: 26 Marks, 16 Minutes

The topic of this question is: Content:

« General Ledger
Cost Accounting « Break Even Point
e Internal Control

Question 2: 43 Marks, 26 Minutes

The topic of this question is: Content:

e Debtors Collection Schedule
Budgeting « Cash Budget
e Ethics

Question 3: 31 Marks, 18 Minutes

-The topic of this question is. — -.—- -- -Content -.. =

e Differences between systems
Inventory Systems e Calculations
e Trading Account

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“On Point” Manufacturers is a medium size factory, owned by Mrs HB. Led, that manufacturers
pencils. The business sells all pencils for R2.50 each. The perpetual inventory system is in use.

REQUIRED:
1.1 Complete the missing details / figures labeled A to F.

1.2 Identify TWO items that could be included under “Factory Overhead Costs”.

1.3. Calculate the following if 4 000 000 pencils were made during the year:
1.3.1. The cost price per unit.

4.3.2 The breakeven point for the year ended 30 June 2015.

1.3.3 Should the owner, Mrs HB Led be satisfied with the number of pencils made
and sold during this financial year? Give a reason, quoting figures, for your
answer.

1.4. Mrs HB Led has been considering buying some of her raw materials from a local
supplier in KwaZulu Natal rather than from the current supplier in the Western Cape.
1.4.1. Explain the effect this will have in Direct Material Costs. Give ONE reason for
your answer.

1.4.2 Mrs HB Led is concerned that the quality of the pencils may deteriorate if she
uses local raw materials. What can she do to ensure that this does not

happen?
INFORMATION
co) General Ledger of “On Point” Manufacturers
Se Balance Sheet Section
B2__Raw Materials Stock
2015 2016
July 1 | Balance 440 000 June 30 (B) 1560 000
2016
June 30 | Bank (A) Balance (C)
Creditors Control 400 000
Carriage on
Purchases 180 000
Import and Customs
Duty 90 000
1910 000 1910000
2016
July 1 | Balance (C)

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Accounting 3 September 2016 Common Test
NSC

QUESTION 14 (26 Marks, 16 Minutes)

COST ACCOUNTING

(9)
(2)

(3)

(3)
(2)

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Accounting 4 September 2016 Common Test
NSC
B3___Work in Progress Stock
2015 2016
July 1 | Balance 300 000 June 30 (F) 5 200 000
2016 Direct Materials
June 30 Cost (D) : Balance ?
Direct Labour Cost (E)
Factory Overhead
Cost 4 200 000
? ?
2016
July 1 | Balance ?

ADDITIONAL INFORMATION

« Prime costs for the year amounted to R4 560 000.

« There were no finished goods on hand at either the beginning or the end of the financial

year.

e Direct Labour Cost and Factory Overhead Costs are considered to be fixed, whereas
Direct Material Cost is variable.

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Accounting 5 September 2016 Common Test
NSC

QUESTION 2 (43 Marks, 26 Minutes)

BUDGETING

The following information relates to the financial records of Kitchen King, a business that
sells a large variety of items required for their customers to design their dream kitchen.

REQUIRED:
2.1 Complete the Debtors’ Collection Schedule for June and July 2016. (10)
2.2 Complete the Cash Budget for June and July 2016. (26)

2.3 Refer to the amounts shown in the Cash Budget for Salaries and Wages..

2.3.1 Calculate the percentage increase that was granted to both Salary ad Wage (4)
earning employees.

2.3.2 Is it ethical for employees to receive different percentage increases? Give a (3)
reason, quoting figures, for your answer.

3

INFORMATION
. Information for the 3 months ended 31 July 2016:
Sales (60% on credit) 371 000 390 000 360 000
Purchases (80% on credit) 163 000 168 000 182 000
Salaries ~ Store Managers 30 000 30 000 32 400
£ ) Wages — Shop Assistants 90 000 90 000 103 500
Sundry Cash Expenses 22 000 22 000 22 000
Depreciation 5 000 5 000 5 000

ADDITIONAL INFORMATION

° It is expected that debtors will settle their accounts as follows:

10% in the month of sale

70% in the first month after the month of the sale
15% in the second month after the month of the sale

The remaining 5% usually represents bad debts
e Trade creditors are paid in the month following the month of the transaction in order to

obtain a discount of 3%.

° Expenses and income, unless otherwise stated, are received and paid as they arise.

° The unfavorable bank balance was R88 500 on 1 June 2016.

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Accounting 6 September 2016 Common Test
NSC

QUESTION 3 (31 Marks, 18 Minutes)

INVENTORY SYSTEMS

You are provided with information relating to Thembeka Traders for June 2016. This businesses
financial year runs frorn 1 July to 30 June each year. The periodic inventory system is used to
calculate cost of sales. Show all calculations so that part marks can be awarded.

REQUIRED:

3.1 Tabulate TWO differences between the Periodic Inventory System and the Perpetual (8)
Inventory System.

3.2. Calculate the final amounts that would be recorded to the following:
3.2.1 Purchases (5)
3.2.2 Sales (5)

)
3.3 Construct the Trading Account in the General Ledger to calculate the Gross Profit for of
the year ended 30 June 2016.

INFORMATION:

e Stock on hand was R20 000 on 1 July 2015 and, according to a physical count,
R28 000 was on hand on 30 June 2016.

« Balances on 1 June 2016:
Sales 307 400

Purchases 149 700
« The following totals have been extracted from the journals for June 2016:

Cash Receipts Journal Cash Payments Journal

Bank 121 100 Bank 109 000 fe ,

Debtors Control 64 000 Purchases 60 000

Sales 57 100 Carriage on Purchases 36 000
Sundry Accounts 13 000

Debtors’ Journal Debtors’ Allowances Journal
Sales 198 000 Sales 16.416
---- —-Greditors’ Journal — f= ~-. Creditors Allowances Journal_—}- —-

Creditors Control 175 400 Creditors Control 8 300

Purchases 120 400 Purchases 7 700

Equipment 50 000 Equipment 0

Stationery 5 000 Stationery 600

TOTAL MARKS: [100]
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Education

KwaZulu-Natal Department of Education

REPUBLIC OF SOUTH AFRICA

ACCOUNTING

" ANSWER BOOK :

| SEPTEMBER 2016 :
a | COMMON TEST :
Vennbeneeanehuddavvewdduuineanneeniane®

NATIONAL
SENIOR CERTIFICATE

[. GRADE | coe

Name: . Grade:

. , Learners | Moderators
Question Topic Mark Mark

Cost Accounting

Budgeting

Inventory Systems

N.B. This answer book consists of 5 pages.

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Accounting (Grade 11) 2 September 2016 Common Test
NSC

QUESTION 1

COST ACCOUNTING

1.4
A
B
Cc
D
E 9
F

1.2 Identify TWO items that could be included under “Factory Overhead Costs”.

1.3.1 The cost price per unit.

1.3.2 The breakeven point for the year ended 30 June 2015.

1.3.3 Should the owner, Mrs HB Led be satisfied with the number of pencils made
and sold during this financial year? Give a reason, quoting figures, for your
answer.

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Accounting (Grade 11) 3
NSC

1.4.1 Explain the effect this will have in Direct Material Costs. Give ONE reason for
your answer.

September 2016 Common Test

1.4.2 Mrs HB Led is concerned that the quality of the pencils may deteriorate if she
uses local raw materials. What can she do to ensure that this does not

happen?

QUESTION 2
BUDGETING

{ 2.1 Debtors’ Collection Schedule for June and July 2016.

Credit Sales June 2016 July 2016

April 2016

May 2016

June 2016

10

July 2016

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Accounting (Grade 11) 4 September 2016 Common Test

2.2

2.3.1

2.3.2

NSC

Cash Budget for June and July 2016

Receipts June July

Total Receipts

Payments

Total Payments

Cash Surplus (Shortfall)

Bank: Opening Balance

Bank: Closing Balance 26
Calculate the percentage increase that was granted to both Salary ad Wage (4)
earning employees.

Salaries (
4
Wages

is it ethical for employees to receive different percentage increases? Give a

reason, quoting figures, for your answer.

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Accounting (Grade 11) 5 September 2016 Common Test
NSC
QUESTION 3
INVENTORY SYSTEMS

3.1 Tabulate TWO differences between the Periodic Inventory System and the
Perpetual Inventory System.

Periodic Inventory System Perpetual Inventory System
° e
e °
8
3.2.1 Purchases
3.2.2 Sales
3.3 Thembeka Traders General Ledger
Finals Account Section
Trading Account
13

TOTAL MARKS: [100]

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Accounting (Grade 11) 3 Septerntngs1 6 Common Test
NSC
1.4.1 Explain the effect this will have in Direct Material Costs. Give ONE reason for your
answer. (3)
Direct material costs will decreasev due to the decrease in carriage on
purchases.¥ ¥
1.42 Mrs HB Led is concemed that the quality of the pencils may deteriorate if she uses
local raw materials. What can she do to ensure that this does not happen? (2)
«Ensure that the local raw materials are up to standard before purchasing themv¥
¢ Have strict quality control procedures in place.
* ANY LOGICAL ANSWER
QUESTION 2
BUDGETING
2.1 Debtors’ Collection Schedule for June and July 2016. (10)
Credit Sales | June 2016 | July 2015
April 2016 228 000 34200
May 2016 222600” | 155 820% 33 390¥
June 2016 234 000Y 23400” | 163 800¥
July 2016 216 000Y 21 600¥
213 420M | 218 790M
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Accounting (Grade 11)

September 2016 Common Test

(26)
Receipts from Debtors 213 420M 218 790M
Cash Sales 186000” | 144. 000v
Total Receipts 3694200 | 362 790K
Payments '
Salaries 30 000 32 400v
Wages 90 o00v 103 500V
Sundry Cash Expenses 22 000v 22 000v
Cash Purchases of Stock 33 600V 36 400¥
Payments to Creditors 126.48evv | 130 368vv
Total Payments fig (302 088) | (324 668)
Cash Surplus (Shortfall) 67 3324 38 122M
Bank: Opening Balance (88 500)¥ (21 168)
Bank: Closing Balance (21 168)H 16954)
2.3.1 Calculate the percentage increase that was granted to both Salary ad Wage eaming (4)
employees. :
Salaries
2 400 / 30 000 X 100 = 8%¥Y¥
i
Wages :
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OR
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value per employee, this ,might still be less than the 8% increase earned by the
salary-earners (store managers)” '
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