Accounting Grade 11 KZN November 2016 Paper & Memo

Downloaded from hlayiso.com ACCOUNTING Page 1of18 FINAL EXAMINATION; 2016 education Department: | Education REPUBLIC OF SOUTH AFRICA eu SR, a 7 GREENBURY SECONDARY SCHOOL ‘ La . Lal . } ) : ACCOUNTING . Lf : . FINAL EXAMINATION: 2016 : s Mn eerie oe | ‘) EXAMINER :C. MAHARAJ — DURATION : 3 HOURS —] ] MODERATOR : P. GOPAL ( DALEVIEW SECONDARY SCHOOL) MARKS: 300 This question paper consist of 18 pages | GREENBURY SECONDARY SCHOOL GRADE; 11 PLEASE TURN OVER

Downloaded from hlayiso.com se ACCOUNTING Page 2 of 18 FINAL EXAMINATION: 2016 INSTRUCTIONS AND INFROMATION Read the following instructions carefully and follow them precisely. 1. Answer ALL the questions. A special ANSWER BOOK is provided in which to answer ALL the questions. Show workings in order to achieve part marks. You may use anon -— programme calculator. You may use a blue/black ink to answer the questions. Where applicable show all calculations to ONE decimal place. Write neatly and legibly. eNO HR wD Use the information and table below as a guide when answering the questions. Try NOT to deviate from it. GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 3 of 18 FINAL EXAMINATION: 2016 Question 1:50 marks; 30 minutes Topic of this question This question integrates: Reconciliation Vat Financial Accounting Bank and Creditors Reconciliation Vat calculations Managing Resources Internal control Question 2 : 80 marks; 48 minutes Topic of this question This question integrates: Statements Correct net profit and notes to Financial Financial Accounting Calculation of net profit, tangible assets trade and other receivables/payables Managing Resources Internal control Asset disposal Account Question 3:35 marks; 21 minutes Topic of this question This question integrates: Concepts and Balance Sheet Financial Accounting Prepare a Balance sheet Question 4; 40 marks; 24 minutes Topic of this question This question integrates: Concepts Analysis and interpretation Financial Accounting Calculations and financial indicators Analysis and interpretation ) Question 5: 50 marks; 30 minutes Topic of this question This question integrates: Manufacturing Managerial Accounting Direct materials cost, factory overheads Analysis and interpretation of break - even point Managing Resources Internal control Question 6: 45 marks; 27 minutes Topic of this question This question integrates: Cash budget Managerial Accounting Periodic inventory Cash budget calculations / Trading Account Internal control Managing Resources Internal control and internal audit GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 4 of 18 FINAL EXAMINATION: 2016 QUESTION ONE: BANK, CREDITORS RECONCILATION AND VAT Bank Reconciliation 41.1. State whether the following statements are True or False. 1.1.1. A post — dated cheque received from a debtor must be recorded in the CRJ on the date of receipt. 1.1.2. A dishonoured must be recorded in the CPJ. 1.1.3. Therule of Prudence states that the theft of cash must be recorded as an expense. 1.1.4. Acredit balance on the bank statement reflects that the bank balance is favourable. 1.2. The information below relates to Platinum Traders. Required : 1.2.1. Provide ONE reason for preparing the Bank Reconciliation Statement as an internal control process. 1.2.2. State the adjustment to be made to the financial statement on 31 July 2016 in respect of the post — dated cheque issued. Refer to the Bank Reconciliation Statement for June 2016. Include the actual figure in your answer. 1.2.3. Study the given items. State whether these items will be entered in the : ¢ Cash receipts journal « - Cash payments journal ¢ Or whether no entry will be made in the journals. Place an X in the column to indicate this. Show the amount that will be entered in the journal where appropriate. 1.2.4. | Prepare the Bank Reconciliation Statement for 31 July 2016. 1.2.5. In August 2016 the internal auditor discovered that the outstanding deposit of R40 500 on the Bank Reconciliation Statement on 31 July 2016 appeared as R4 500 on the bank statement (item 3). The amount on the bank statement is correct. List ONE concern that you have as internal auditor. Provide ONE suitable control measure to prevent this from happening in the future. Information : A. Bank Reconciliation Statement of Platinum Traders on 30 June 2016 [S0MARKS; 30 MINUTES] (4) 2 © (4) (9) (7) (3) Dr. Balance as per bank statement 2 100 Outstanding deposit 20 400 — Outstandingcheques; No. 1410 ( dated 10 January 2016) 2 400 No. 1626 (dated 20 August 2016) 9 000 No, 1705 (dated 31 July 2016) 3500 Dr. Balance as per bank account 3 400 GREENBURY SECONDARY SCHOOL GRADE; 11 PLEASE TURN OVER

( ACCOUNTING Page 5 of 18 B. Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8 Item 9 Item 10 1.3. Required : ) Downloaded from hlayiso.com FINAL EXAMINATION: 2016 After comparing the Bank Reconciliation Statement for June with the July bank statement and CRJ and CPJ for July the following differences were noted: The bank statement showed a favourable balance of R18 260 on 31 July 2016. A deposit of R20 400 appears on the bank statement on 1 July 2016 but not in the cash journals. A deposit of R40 500 dated 10 July appears in the CRJ for July but not on the Bank statement. . An EFT for RS 300 for rent received from a tenant G. Gold, only appeared on the bank statement. A bank charge of R1 950 appears on the bank statement. The bank statement reflected a dishonoured cheque of R 820. This cheque was received from a debtor in settlement of his account. He owed R 850, Cheque no, 1410 was issued as a donation to the local orphanage. It was replaced with cheque no. 1710 on 25 July 2016. The donation was increased by R500. Cheque no. 1705 dated 31 July appeared on the bank statement, but not in the journals. Cheque no. 1715 for R6 100 dated 28 July 2016 appears in the CPJ, but not on the bank statement. The bank overcharged on the bank charges for July 2016 by R 480. The bank has agreed to correct the error during August 2016. This is not included in the bank charges mentioned in Item 5. Creditors Reconciliation: (10) The following information was taken from the records of Rose - Gold Traders. Complete the table in the Answer Book to show how the differences must be treated to reconcile the Creditor’s Ledger Account with the Statement of Account. Write the amounts in the appropriate columns to indicate the increase or decrease with a (+) or (-) with each amount. Information : b) ¢) GREENBURY SECONDARY SCHOOL The following balances are provided. e Inthe account of Silver Traders in the Creditors Ledger of Rose — Gold Traders on 31 October 2016, R 30 700 ¢ On the Statement received from Silver Traders on 25 October 2016, R 37 310 A payment by Rose ~ Gold Traders of R 12 260 was omitted from the statement. A debit note for R1 600 issued to Silver Wholesalers was incorrectly recorded in the account of Silver Traders by Rose ~ Gold Traders. Rose ~ Gold Traders had correctly recorded a discount of R 850 for early payment, however this was omitted from the statement. GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 6 of 18 FINAL EXAMINATION: 2016 d) A credit note for R 3 200 received from Silver Traders for goods returned was incorrectly recorded as an invoice by Rose — Gold Traders. e) Goods purchased on the 34 October 2016 for R 1 700 was recorded correctly in the creditors ledger. The statement from Silver Traders is dated 25 October 2016, 1.4, Value Added Tax : PC Zone is a registered Vat vendor. The business sells computers and also provides a repair service. The following is a summary of the business transactions for November 2016, Transactions Amount Amount VAT amount including VAT excluding VAT Total sales 153 330 Total purchase of trading stock 64 500 Stationery purchased 1710 Fees received from repair work done 36 200 Electricity paid 336 Accounting fees paid 9120 Required : 1.4.1. Calculate the Input tax and the Output tax for November 2016. (8) 1.4.2. Calculate the amount payable/refundable to/by SARS for November 2016 GREENBURY SECONDARY SCHOOL GRADE: 11 (2) ¢ PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 7 of 18 FINAL EXAMINATION: 2016 QUESTION TWO : FINANCIAL STATEMENTS [80 MARKS; 48 MINUTES] HP Traders is a partnership business, with partners Bill Hewlett and Dave Packard. Their inexperienced accountant prepared the final accounts and the Post Closing Trial Balance of the business on 30 June 2016 without taking certain adjustments into account. Required : 2.1. Complete the Asset Disposal account. ( Refer to adjustment 1) 2.2. Calculate the Correct Net Profit for the year. 2.3. Prepare the following notes to the Balance Sheet: ¢ Tangible assets ¢ Trade and other Receivables ¢ Trade and other Payables 2.4. HP Traders employed Mr. D.Dell in the accounts department. Some of his duties include preparing the invoices, collecting monies from debtors and depositing all monies received. He also completes all reconciliation procedures in respect of debtors. 2.4.1, Explain ONE possible problem that HP Traders may experience in respect of D. Dell 2.4.2. Suggest ONE measure that must be taken to solve this problem. Information : 1. The following balances were extracted from the year end accounting records of HP Traders on 30 June 2016. ( - ) Tangible assets (Refer to Adjustment A) Trading stock 206 000 Debtors control 158 200 Provision for bad debts (1 July 2015) 8 100 Deposit on electricity 6 300 Creditors control 70 800 Pension fund 4 800 Creditors for salaries 15 400 SARS —PAYE 3 600 Prepaid expense 1265 2. The accountant has calculated the Net Profit to be R 800 000, but has made certain errors and has forgotten to put through certain entries. GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER (10) (25) (15) (10) (16) (2) (2)

Downloaded from hlayiso.com ACCOUNTING Page 8 of 18 FINAL EXAMINATION: 2016 3. A. ~ Rates and taxes still due,R7500 The following errors and/ or omissions must be corrected /brought into account: Tangible Assets: ( Some figures are included in the Tangible Asset note) © Land and building was sold during the year. e Avehicle bought on 1 July 2014 for R290 000 was sold for cash on 31 December 2015, at a profit of R 5 000. e Anew vehicle was bought on credit for R 200 000 on 30 June 2016. * Depreciation on vehicles is written off at 20 % p.a. on the diminishing balance method. ¢ Depreciation on equipment is written off at 10 % p.a. on cost.( Equipment is old) No entries have been made for the above transactions. No entries have been made for stock stolen on 10 June 2016. The insurance company ( ) informed HP Traders that they will transfer R25 200 into the business current bank account on 3 August 2016, in respect of the insurance claim. HP Traders bears a 25% of any stock loss. Stocktaking on 30 June 2016 revealed the following items on hand: * Trading stock R170 000 ¢ Packing material R 2 000 It was decided to write off a debtors account on 30 June 2016, as he could not be traced. He owed the business R 900, The provision for bad debts must be adjusted to 5 % of debtor’s control. The accountant has recorded the salary of an employee in the salaries journal for June C 2016, who has resigned on 1 June 2016. His details are as follows: Monthly gross salary 12 500 PAYE deductions 1500 Pension fund deductions 800 The business contributes on a Rand — for — Rand basis to Pension Fund Rent for July 2016 has been received in advance. The total rent received according to the CRJ totalled R 140 800. The rent was decreased by 10 % with effect from 1 June 2016. The accountant has not taken the adjustment in respect of rent income into account. GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 9 of 18 FINAL EXAMINATION: 2016 QUESTION THREE: CONCEPTS AND BALANCE SHEET [35 MARKS; 21 MINUTES] (5) 3.1. Match the concepts in Column A with the description in Column B. Write only the letter next to the number in the table provided in the answer book. Column A Column B 3.1.1. Current asset A. A loan to be repaid in more than a year. 3.1.2. Current liability B. Capital plus current account. 3.1.3. Financial asset C. Consumable stores not used at the end of the financial year. 3.1.4. Non-current liability D. Investments such as a fixed deposit maturing in 5 years. 3.1.5 Partners equity E. A loan to be repaid in less than a year. {3 3.2. Balance Sheet: (30) You are provided with information relating to LP Traders, a partnership business owned by L. Lenny and P. Penny. Required : 3.2.1. Use the information to complete the Balance Sheet on 29 February 2016, Information: 1. Capital : () Balances on 1 March 2015: « L. Lenny R 2000 000 « P. Penny R 3 880 000 Note: L. Lenny decreased his capital by R 400 000 on 1 December 2015. P, Penny increased her capital by R 200 000 on 1 January 2016. Current account balances?????? 2. The loan statement received from Africa Bank reflected the following: Balance on 1 March 2015 1 660 000 Interest on capital for the year (capitalised) 188 400 Repayments of R 25 200 per month (loan plus ? interest Capital repayments are expected to remain the same over the next financial year. GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 10 of 18 FINAL EXAMINATION: 2016 3. The following balances were extracted from the Post Closing Trial Balances on 28 February 2016. Tangible assets at carrying value 6 858 000 Creditors control 560 000 Bank overdraft 340 000 Cash float and petty cash 16 000 4. There are two Fixed Deposit at KZN Bank : ¢ R720 000 matures on 31 July 2020 ¢ R 160 000 matures on 31 December 2016 5. The following financial indicators were calculated on 28 February 2016: ¢ Debt equity ratio 02:1 ( ) e Current ratio 2:1 ¢ Acid test ratio 08:1 GREENBURY SECONDARY SCHOOL GRADE; 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 11 of 18 FINAL EXAMINATION: 2016 QUESTION FOUR: ANALYSIS AND INTERPRETATION OF FINCIAL STATEMENTS [40 MARKS; 24 MINUTES] The following information was extracted from the records the accounting records of HIP - HOP Traders, a business by H. Hip and H. Hop. Required : 4.1. Explain the difference between Liquidity and Solvency. (2) 4.2. Calculate the following financial indicators for 2016 : ¢ Acid test ratio (3) ¢ Stock turnover rate (4) * Debt to equity ratio (3) ¢ Return earned by the business (4) 4.3. Refer to the expected mark — up and actual mark — up achieved percentages. 4.3.1. List TWO reasons why HIP — HOP Traders did not achieve the expected mark —up of 60%. — (2) 4.3.2. The partners of HIP - HOP Traders are considering increasing the mark —up on cost to 70% on cost. List TWO factors they should consider before implementing this strategy. (2) 4.4. Does the business have a liquidity problem? Quote THREE relevant financial indicators with figures, percentages or ratio’s to support (10) your answer. 4.5. One of the partner’s is of the opinion that the Loan from Sharks Bank should be paid off as quickly as possible. What advice would you offer him? ) Discuss TWO relevant financial indicators to support your answer. (7) 4.6. Should the partners be satisfied with the performance of the business? Explain, quote financial indicator to support your answer. (3) Information : 1. Extract from Income Statement for the year ended 31 December 2016. Sales 876 000 Cost of sales 576 000 Gross profit ? Net profit for the year 135 000 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING 2. Page 12 of 18 Extract from Balance Sheet on 31 December : FINAL EXAMINATION: 2016 2016 2015 Tangible assets 566 000 448 000 Inventories 174 880 152 600: Trade and other Receivables 89 500 64 000 Cash and cash equivalents 38 100 4 400 Partner’s equity 640 000 450 000 Loan : Shark Bank 170 000 112 000 Trade and other payables 45 080 74 700 Financial Indicators: 2016 2015 () Actual mark — up 60% 60 % Expected mark ~ up 52% 54% Current ratio 3.221 15:1 Acid test ratio ? 0.47:1 Stock turnover rate ? 2.9 times Debtors collection period 32 days 35 days Debt equity ratio ? 0.25 :4 Return on total capital employed 36% 39% Percentage return earned by business ? 28.2% Interest on loans 15% 15 % GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 13 of 18 QUESTION FIVE : MANUFACTURING 5.1. For each item below, indicate the appropriate cost category from the following options Selling and distribution; direct materials; factory overheads; direct labour; administration 5.1.1. Wages paid to factory machine operator. 5.1.2. Bad debts. 5.1.3. Interest on loan. 5.1.4, Materials used to make the final product. 5.1.5. Rent paid for the factory. 5.2, You are provided with information relating to Trend Setters Manufacturers. The financial year ends on 30 September 2016. Required ; 5.2.1. Calculate the Direct Material Cost/ Raw Materials Issued to production. 5.2.2. | Prepare the Ledger Account for Factory overheads Cost Account. FINAL EXAMINATION: 2016 [50 MARKS ; 30 MINUTES] Account to be properly closed off for the year ended 30 September 2016. Information : A. Balances : 30 September 2016 | 30 September 2015 Raw material stock 50 000 80 000 Work in process 75 000 89 000 Consumable stores stock 20 000 15 000 Accrued expenses(water and 3 000 5 000 electricity) Transactions for the year ended 30 September 2016 : Purchases of raw materials : ¢ Cash 290 000 * Credit 350 000 Carriage on purchases of raw materials 26 00O Raw materials returned to supplier 14 000 Purchase of consumable stores for cash 65 000 GREENBURY SECONDARY SCHOOL GRADE: 11, (5) (8) (23) PLEASE TURN OVER

ACCOUNTING Page 14 of 18 FINAL EXAMINATION: 2016 Rent paid 485 000 Water and electricity paid 192 000 Advertising paid 63 000 Insurance paid 85 000 Factory expenses paid 35 400 c. Additional information and Adjustments: 1. Rent expense is allocated in accordance with floor space. This space is allocated as follows: factory 1 820 m? and the other departments 780m?. 2. Consumable stores are shared in the ratio 5: 1 by the factory and administration departments respectively. 3. Insurance is shared between the factory, sales and administration departments in the ( j ratio 3:2:1. 4 indirect labour in the factory compromises the factory foreman who earns R 120 000 per year and a cleaner who earns R 38 000 per year. The cleaner spends 75% of the time in the factory. 5. The factory uses 70 % of the water and electricity and the rest is split between the administration and sales department equally. 6, Depreciation is written off as follows: Downloaded from hlayiso.com oo © Office equipment R 6 500 « Factory machinery R 11 100 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

ACCOUNTING oo Downloaded from hlayiso.com Page 15 of 18 5.3. Vintage Manufacturers manufactures baby cribs according to orders received. The information below is for the financial year ended 31 August 2016. Required : 5.3.1. Calculate the Break - even point for the period ended 31 August 2016, 5.3.2. Should the business be satisfied with the level of production? Explain briefly. 5.3.3. Provide TWO reasons for the increase in Direct Material Cost and suggest ONE way in which the business can control this cost. Information : A. Cost information for the year ended 31 August 2016 Cost per unit () Total sales Cost category Amount 2016 2015 Direct material cost 86 400 180 156 Direct labour cost 122 400 255 242 Factory overhead cost 76 800 160 156 Selling and distribution cost 74 400 155 152 Administration cost 60 000 125 129 B. Additional information for the year ended 31 August. 2016 2015 412 800 459 000 Selling price per unit 860 850 No. of units produced and sold 480 540 Break — even point ? 508 GREENBURY SECONDARY SCHOOL GRADE: 11 FINAL EXAMINATION: 2016 (5) (3) (6) PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 16 of 18 QUESTION SIX: CASH BUDGET, PERIODIC INVENTORY SYSTEM AND PROBLEM SOLVING [45 MARKS; 27 MINUTES] 6.1. Cash Budgets: You are provided with information relating to Umhlanga Traders. Their financial year ends on the 31 December 2016. Required : 6.1.1. | Why does depreciation not appear on the Cash Budget? 6.1.2. Complete the Debtors Collection Schedule for the months January and February 2017. 6.1.3. Calculate the missing amounts indicated by the letters A to H in the Cash Budget for January and February 2017. Information: Extract of Cash Budget for the period January and February 2017 Cash Receipts January February Cash sales 168 000 A Collection from debtors B Rent income 15 000 c Cash Payments Cash purchases 18 000 D Payments to creditors 29 100 E Sundry expenses F 6 000 Loan 10 000 - Interest on loan (12 %) 625 G Salaries H 42 000 2. Balances on 31 December 2016 Loan : NUR Bank 50 000 Accrued expenses: Salaries 6 000 3. Rent will increase by 15 % from 1 Februarys 2017. 4. Salaries increased by 5 % with effect from 1 February 2017. 5. A loan repayment will be made on 31 January 2017. 6. Sundry expenses increase by R 500 each month. GREENBURY SECONDARY SCHOOL GRADE: 11 FINAL EXAMINATION: 2016 [22] (1) (6) (15) © PLEASE TURN OVER

C ACCOUNTING Page 17 of 18 7 Downloaded from hlayiso.com Sales and Purchases: Months Actual and Budgeted Credit Purchases Credit sales November 57 000 27 000 December 57 500 30 000 January 56 000 33 000 February 54600 36 000 Credit sales are 25 %, FINAL EXAMINATION: 2016 8. Debtors are expected to pay as follows: ¢ 50% in the transaction month subject to a 5 % discount. ¢ 30% in the month following the transaction month. « 15% inthe second month following the transaction month. * 5 %will be written off asa bad debt after the third month. 9. Credit purchases are 60 % of total purchases. Creditors are paid one month after purchases subject to a 3 % discount. 6.2. Periodic Inventory Systems: [14] Rite Price Hyper Store uses the periodic inventory system. Required : 6.2.1. Briefly explain the main difference between perpetual and periodic inventory systems. (2) 6.2.2. Prepare the Trading Account. Account to be properly balanced. {12) ) , Information : Extract from Pre- Adjustment Trial Balance on 31 October 2016. Trading stock on 1 November 2015 60 000 Purchases 360 000 Sales 520.000 Debtors allowances 15 000 Creditors allowances 10 400 Carriage on purchases 6 200 Carriage on sales © 3500 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN OVER

Downloaded from hlayiso.com ACCOUNTING Page 18 of 18 FINAL EXAMINATION: 2016 Adjustments and Additional Information: 1. Stock with a cost price of R1 600 was donated to the local orphanage. 2. An account received from Reliable Transport for the transportation of goods purchased, R 1 800. No entry has been made. 3. On 25 October 2016 the owner took goods at cost R 2 000. The inexperienced bookkeeper debited Drawings and credited Sales. Correct the error. 4, Physical stock taking shows the value of stock on hand on 31 October 2016, R 86 300. 6.3. Problem — Solving : [9] Nintendo Traders Nintendo Traders sells one type of gaming console, PS 4. The owner T. Tendo has 3 branches situated in Umhlanga, Ballito and Pinetown. The three branches are managed by Shaun, Dimba and Kyle. Financial year ends 28 February 2016. © Required : 6.3.1. Identify ONE problem in relation to each branch, quoting figures / amounts to support the problem. Offer the owner advice on how to solve the problem. (9) Note : All game consoles are sold for cash Information : Game consoles : PS 4 Umhlanga Ballito Pinetown Shaun Dimba Kyle PS 4 available for sale 2700 1900 1700 PS 4 sold during the year "2100 400 1400 PS 4 returned during the year 30 30 0 ) Stock on 28 February 2016 470 1470 300 ( ° Total cash sales 16 800 000 3 200 000 10 500 000 Cost price per PS 4 6 000 6 000 6 000 Selling price per PS 4 8 000 8 000 8 000 Advertising 15 000 15 000 15 000 Salary of manager per month 20 000 20 000 20 000 ; = SECONDARY SCHOOL DEPARTMENT OF COMMERCE GREENBURY SECONDARY SCHOOL GRADE: 11

Downloaded from hlayiso.com ACCOUNTING a4 GEN UBURHER ERD NAME OF LEARNER: Page 1 of 16 FINAL EXAMINATION: 2016 education Department: Education FINAL EXAMINATION: 2016 REPUBLIC OF SOUTH AFRICA SRR RRP, GREENUBRY SECONDARY SCHOOL ACCOUNTING: GRADE 11 ore ee ee 2 ee seem DS GRADE: 11 QUESTION LEARNERS MARK MODERATORS MARK 1 2 For educators use: This answer book consists of 16 pages. Moderator Date Checker GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 2 of 16 FINAL EXAMINATION: 2016 QUESTION ONE: 1.4. Lid, 1.1.2. 4 1.1.3. 1.1.4, 1.2.1. Provide ONE reason for preparing the Bank Reconciliation Statement as an internal control process. 2 1.2.2. State the adjustment to be made to the financial statement on 31 July 2016 in respect of the post ~ dated cheque issued. Refer to the Bank Reconciliation Statement for June 2016. Include the actual figure in your answer, 4 1,2.3. Item Cash Receipts Cash Payments No Entry Journal Journal C 1 2 3 4 5 6 ee YA ne ee Ce ON 8 12 9 10 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 3 of 16 FINAL EXAMINATION: 2016 1.2.4, Bank Reconciliation Statement on 30 July 2016 DEBIT CREDIT 7 ) 1.2.5. In August 2016 the internal audit discovered that the outstanding deposit of R40 500 on the BRS on 31 July 2016 appeared as R4 500 on the bank statement (item 3). The amount on the bank statement is correct. List ONE concern that you have as internal auditor. Provide ONE suitable control measure to prevent this from happening in the future. Concern Control Measure GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

ACCOUNTING 1.3.1. 1.4.1. Downloaded from hlayiso.com Page 4 of 16 FINAL EXAMINATION: 2016 Creditors Ledger Creditors Reconciliation Statement 30 700 37 310 a) 10 b) ¢) d) e) Calculate the Input tax and the Output tax for November 2016. © Input Tax Output Tax 8 1.4.2. Calculate the amount payable/refundable to/by SARS for November 2016 ¢ \ 2 _——— Total Marks 50 — GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 5 of 16 FINAL EXAMINATION; 2016 QUESTION TWO: 21, ASSET DISPOSAL “) 10 2.2. Calculate the Correct Net Profit for the year. INCORRECT NET PROFIT 800 000 ) 25 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING 2.3. Page 6 of 16 FINAL EXAMINATION: 2016 TANGIBLE ASSET Land and buildings Vehicles Equipment Cost 1900 000 900 000 90 000 Accumulated depreciation - (310 000) (82 000) Carrying value(beg. of year) Movements: Additions at cost Disposals at carrying value Depreciation Carrying value(end of year) Cost 1 100 000 810 000 Accumulated depreciation - | (323 600) 15 TRADE AND OTHER RECEIVABLES: 10 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 7 of 16 FINAL EXAMINATION: 2016 TRADE AND OTHER PAYABLES: () 16 2.4.1. Explain ONE possible problem that HP Traders may experience in respect of D. Dell 2 2.4.2. Suggest ONE measure that must be taken to solve this problem. 2 GREENBURY SECONDARY SCHOOL Total Marks ] 80 GRADE: 11. PLEASE TURN ONVER

Downloaded from hlayiso.com st ACCOUNTING Page 8 of 16 QUESTION THREE: 3.1, FINAL EXAMINATION: 2016 3.1.1. 3.1.2. 3.1.3, 3.1.4. 3.1.5. 3.2. BALANCE SHEET AS AT 28 FEBRUARY 2016 ASSETS NON — CURRENT ASSETS FINANACIAL ASSETS CURRENT ASSETS Inventories 30 TOTAL ASSETS EQUITY AND LIABILITIES PARTNER’S EQUITY NON — CURRENT LIABILITIES Loan: CURRENT LIABILITIES... Total Marks Trade And Other Payables TOTAL EQUITY AND LIABILITIES 35 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 9 of 16 FINAL EXAMINATION: 2016 QUESTION FOUR: 4.1. Explain the difference between Liquidity and Solvency. 2 4.2. Calculate the following financial indicators for 2016 : e Acid test ratio _3 e Stock turnover rate | | 4 ¢ Debt equity ratio 3 | ¢ Return earned by the business GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER |

Downloaded from hlayiso.com ss ACCOUNTING Page 10 of 16 FINAL EXAMINATION: 2016 4.3.1. List TWO reasons why HIP — HOP Traders did not achieve the expected mark - up of 60%. 4.3.2. The partners of HIP ~ HOP Traders are considering increasing the mark —up on cost to 70% on cost. List TWO factors they should consider before implementing this strategy. e 4.4. Does the business have a liquidity problem? Quote THREE relevant financial indicators with figures, percentages or ratio’s to support your answer. 10 C 4.5. One of the partner’s is of the opinion that the Loan from Sharks Bank should be paid off as. quickly as possible. What advice would you offer him? Discuss TWO relevant financial indicators to support your answer. 7 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 11 of 16 FINAL EXAMINATION: 2016 4.6. Should the partners be satisfied with the performance of the business? Explain, quote financial indicator to support your answer. GREENBURY SECONDARY SCHOOL Tc Total Marks 40 GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 12 of 16 QUESTION FIVE: 5.1, 5.2.1. FINAL EXAMINATION: 2016 5.1.1. 5.1.2. 5.1.3. 5.1.4. 5.1.5. Calculate the Direct Material Cost/ Raw Materials Issued to production. Factory Overhead Cost -~ GREENBURY SECONDARY SCHOOL GRADE: 11 23 PLEASE TURN ONVER

; Downloaded from hlayiso.com ACCOUNTING Page 13 of 16 5.3.4. Calculate the Break - even point for the period ended 31 August 2016. FINAL EXAMINATION: 2016 5.3.2. Should the business be satisfied with the label of production? Explain briefly, 5.3.3. Provide TWO reasons for the increase in Direct Material Cost and suggest ONE way in which the business can control this cost. Two Reasons: ° How can business contro! this cost: Total Marks 50 iL___} GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com a ACCOUNTING Page 14 of 16 FINAL EXAMINATION: 2016 QUESTION SIX: 6.1.1. Why does depreciation not appear on the Cash Budget? 1 6.1.2. Debtors Collection Schedule for the months January and February 2017 Month Credit Sales January February November 57 000 8550 December 57 500 17 250 January 56 000 February 54 600 6 |(, 6.1.3. Calculate the missing amounts indicated by the letters A to H in the Cash Budget for January and February 2017. Workings Answer A B c D E F a ee Ce ee ir —45 —}--- H GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 15 of 16 FINAL EXAMINATION: 2016 6.2.1. Briefly explain the main difference between perpetual and periodic inventory systems. 2 : j TRADING ACCOUNT | | | : C) 12 GREENBURY SECONDARY SCHOOL GRADE: 14 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 16 of 16 FINAL EXAMINATION: 2016 6.3.1. Identify ONE problem in relation to each branch, quoting figures / amounts to support the problem. Offer the owner advice on how to solve the problem. Problem with figures Advice Branch: Umhlanga Branch: Ballito ( ) Branch: Pinetown 9 Total Marks PO 45 GREENBURY SECONDARY SCHOOL GRADE: 11

Downloaded from hlayiso.com ACCOUNTING Page 1 of 16 FINAL EXAMINATION: 2016 education Department: Education REPUBLIC OF SOUTH AFRICA et PRR, Su EMD WERTEOEOTOOCTOSOCTOCOLOLT LETT rer GREENUBRY SECONDARY SCHOOL ACCOUNTING FINAL EXAMINATION: 2016 ANSWER BOOK Poe e eee ne © O62 + QUESTION LEARNERS MARK MODERATORS MARK 1 50 2 80 35 40 50 45 300 For educators use: This answer book consists of 16 pages. Moderator Date Checker GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 2 of 16 QUESTION ONE : 1.4, 1.4.1. | False v 1.1.2. | True v 1.1.3. | True v 1.1.4. | True v 1.2.1. Provide ONE reason for preparing the Bank Reconciliation Statement as an 1.2.2. 1.2.3. GREENBURY SECONDARY SCHOOL internal control process. To check accuracy of entries / to check for fraudulent activities To check for errors and omissions Vo State the adjustment to be made to the financial statement on 31 July 2016 in respect of the post — dated cheque issued. Refer to the Bank Reconciliation Statement for June 2016. Include the actual figure in your answer. Reverse the entry, W creditors control would increase Vand bank would increase VY by R 9 000 ¥ Item Cash Receipts Cash Payments No Entry Journal Journal 1 v 2 v 3 v 4 5 300 v 5 1950 v 6 820 v 7 2 400 v 2900 vv 8 X v a ee XY Yi 10 X v GRADE: 11 FINAL EXAMINATION: 2016 12 12 PLEASE TURN ONVER

of ACCOUNTING 1.2.4, 1.2.5, GREENBURY SECONDARY SCHOOL Downloaded from hlayiso.com Page 3 of 16 FINAL EXAMINATION: 2016 Bank Reconciliation Statement on 30 July 2016 DEBIT CREDIT Cr. Balance as per bank statement 18 260V Cr. Outstanding deposit 40 500¥ Dr. Outstanding cheques: No. 1710 2 900% No. 1715 6 100V No. 1626 9 000Y 7 Cr. Incorrect bank charges 480V 7 Dr. Balance as per bank account 41 240 4 59 240 59 240 In August 2016 the internal auditor discovered that the outstanding deposit of R40 500 on the BRS on 31 July 2016 appeared as R4 500 on the bank statement (item 3), The amount on the bank statement is correct. List ONE concern that you have as internal auditor. Provide ONE suitable control measure to prevent this from happening in the future. Concern vv Control Measure v * Theft of money @ Compare receipts of cash to the deposit slips on a daily 3 Or basis. 3 @ Division of duties — deposits to be checked by another person. ¢ Rolling of cash « Arrange for sms notification from bankand check against CRI GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com an ACCOUNTING Page 4 of 16 FINAL EXAMINATION: 2016 1.3.1. Creditors Ledger Creditors Reconciliation Statement 30 700 37 310 10 - vv a) 12 260 10 b) +1600 v ¢) - 850 v d) - 6400 vv e) +1700 vv 25 900 wi 25 900 wy 1.4.1. Calculate the Input tax and the Output tax for November 2016. Input Tax Output Tax 64 500 x 14/ 100 9 030 ¥ | 153 330x 14/114 18 830V 1710 x 14/114 210 v | 36 200x 14/100 5 068V 8 336 v 8 9120 x 14/114 1120 v 10696 vv 23 898¥ 1.4.2. Calculate the amount payable/refundable to/by SARS for November 2016 2 Vat Payablev = 23 898 — 10 696 = 13 202 wi 2 Total Marks 50 50 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 5 of 16 FINAL EXAMINATION: 2016 QUESTION TWO: 2.1, ASSET DISPOSAL Vehicles v 290 000VW Accum depron vehicles ¥ Profiton sale v 5 000Y (58 000 V+ 23 200V 81 200V 4 Bank 213 800V 295 000 295 000 Oj * , 10 2.2. Calculate the Correct Net Profit for the year. INCORRECT NET PROFIT 800 000 Depreciation (23 200M1+ 71 600V V+ 7 999V'V) (102 799) 4 Loss due to theft(33 600 — 25 200) (8 400) vv Trading stock deficit( 206 000- 33 600 - 170 000) (2400) vv Packing material 2.000 vv ( ) Bad debts (900) vv Prov, for bad debts adj. (8 100 —7 865) 235 vv Salaries 12500 vv Pension contributions 800 vv Rates and taxes (7500) v Rent income (9 900) vVv rT Profit on sale 5 000 v 25 688 636 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 6 of 16 FINAL EXAMINATION: 2016 2.3. TANGIBLE ASSET Land and Vehicles Equipment buildings Cost 1900 000 900 000 90 000 Accumulated depreciation - {310 000) (82 000) Carrying value(beg. of year) 1900 000Y 590 000Y 8 000V Movements: Additions at cost 200 000V ¥ 0 Disposals at carrying value 800000%Y | (208 800)M 0 s Depreciation (94 800) (7 999) 45 Carrying value(end of year) 1100 000Y 486 400V 1v ( : Cost 1100 000 810 000 90 000% Accumulated depreciation - (323 600) (89 999)¥ TRADE AND OTHER RECEIVABLES: Trade debtors(158 200¥ — 900”) 157 300V | Less : Prov. for bad debts (7 865)¥ Net trade debtors 149 435M) Accrued income 25 200% 10 Prepaid expense 1265V 10 Deposit on electricity 6 300¥ a ; 182 200Mv¥ GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 7 of 16 FINAL EXAMINATION: 2016 TRADE AND OTHER PAYABLES: Trade creditors(70 800V + 200 000”) 270800 Vv Accrued expenses 7 500 v Deferred income 9 900 v 16 Creditors for salaries (15 400V- 10 200”) 2.900 v Te SARS- PAYE(2 600% -1 500V) 2100 ~v Pension Fund(4 800Y — 800V — 800W) 3 200 v ) 298700 Mw 2.4.1, Explain ONE possible problem that HP Traders may experience in respect of D. Dell 2 Dell is in charge of too many duties /may defraud the business. VW 2 2.4.2. Suggest ONE measure that must be taken to solve this problem. Division of duties - appoint different people todo different aspects of the job.V/W 2 2 Total Marks 80 80 | GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 8 of 16 FINAL EXAMINATION: 2016 QUESTION THREE: 3.1. 3.1.4. | C v 3.1.2. |E v 3.1.3. |D v 5 3.14. [A v ; 3.1.5. |B v 3.2. BALANCE SHEET AS AT 28 FEBRUARY 2016 ASSETS NON — CURRENT ASSETS 7578 000 [ca] Tangible Assets 6 858 000 v FINANACIAL ASSETS ( Fixed deposit: 720 000 v CURRENT ASSETS 2.028 000 Inventories 1216 800 v Trade and other Receivables 635 200 v Cash and Cash Equivalents (16 000 ¥+ 160 000V) 176 000 v 30 30 TOTAL ASSETS 9 606 000 [e] EQUITY AND LIABILITIES PARTNER’S EQUITY 7 160 000 M4 ( ; Capital (2 000 000+ 3 880 000¥- 400 000% +200 000) 5 680 000 v Current Account 1 480 000 wi NON — CURRENT LIABILITIES 1 432 000 yw Loan : Africa Bank (1 660 000 ¥+188 400 V— 302 400V — 114 400V) 1432 000 v -|-CURRENT LIABILITIES — ——. —--..-. —-- - = | — 1014.000-_ Mi} — pc Total Marks Trade And Other Payables(114 000V Vv +560 000”) 674 000 4 Bank overdraft 340 000 v 35 35 TOTAL EQUITY AND LIABILITIES 9 606 000 wi GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 9 of 16 QUESTION FOUR: 4.1, Explain the difference between Liquidity and Solvency. FINAL EXAMINATION: 2016 Liquidity is the ability of the business to settle its debts in the short term. ¥ Solvency is the ability of the business to settle its debts in the long term. VW 2 2 4.2. Calculate the following financial indicators for 2016 : e Acid test ratio Current assets ~ inventories : current liabilities 3 } = 89 500+ 38 100 ¥ : 45 080 W = 28:1 3 ¢ Stock turnover rate cost of sales ave.trading stock _ 576 000 ¥ ~ Uh (174 880V +152 6007) a = 3.5 times 4 © Debt equity ratio Non- current liabilities : partner’s equity ) = 170000 ¥: 640 000Y 3 : =0.3: 14 3 e Return earned by the business net profit x 100 average partner’ sequity 135 000 ¥ 4 = 74(640 00007 +450 0007)" 100 4 = 24, 8% GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 10 of 16 FINAL EXAMINATION: 2016 4.3.1, List TWO reasons why HIP — HOP Traders did not achieve the expected mark — up of 60%. * Too liberal a policy in granting trade discounts. ¢ Too many seasonal sales at low prices. * Incorrect pricing. AEN NON N ¢ Petty thieving or shoplifting. 4.3.2. The partners of HIP — HOP Traders are considering increasing the mark —up on cost to 70% on cost. List TWO factors they should consider before implementing this strategy. ¢ The needs of customers. e The purchasing power of customers. « Prices charged by competitors. SENN SN ¢ The effect it will have on sales volume. 4.4. Does the business have a liquidity problem? Quote THREE relevant financial indicators with figures, percentages or ratio’s to support your answer. Nov e Current ratio increased from 1.5: 1to 3.1:1 ¢ Acid test ratio increased from 0.48: 1 to 2.8:1 ¢ Stock turnover rate increased from 2.9 times to 3.5 times 10 ¢ Debtors collection improved by 3 days. 10 Y for identification of financial indicator V for trend V for stating figures ( : 4.5. One of the partner’s is of the opinion that the Loan from Sharks Bank should be paid off as quickly as possible. What advice would you offer him? Discuss TWO relevant financial indicators to support your answer. Do not pay offloan. Debt equity ratio ¥ Although debt equity increased from 0.25 : 1 to 0,3 : 1, business is lowly geared, credit worthy and lass risky. ¥ 7 ROTCEY decreased from 39 % to 36 % but is higher than the interest on loans 15%.Y This indicates business is positively geared. ¥ GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 11 of 16 FINAL EXAMINATION: 2016 4.6. Should partners be satisfied with the performance of the business? Explain, quote ’ financial indicator to support your answer. Yes, Although the return has decreased from 28.2. % to 24.8 %it is still above Alternative investments offering 5% - 9 %. Total Marks GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 12 of 16 FINAL EXAMINATION: 2016 QUESTION FIVE: 5.1, 5.1.4. | Direct labour v 5.1.2. | Selling and distribution v 5.1.3. | Administration v 5 5.1.4. | Direct materials v 5 5.1.5. | Factory overheads v 5.2.1, Calculate the Direct Material Cost/ Raw Materials Issued to production, 8 80 000 ¥+ 290 000 + 350 000 ¥+26 000Y — 14 000% —50 o0oY = 682 000V 8 C 5.2.2. Factory Overhead Cost ~ Indirect materials Work in process ¥ 760000 4 | (15 000% +65000¥-20000%) | 50000 V¥M x 5/6% | Rent (485 000x 1820/2600) | 339500 vv Insurance (85 000x 3/6) 42500 vv Indirect labour(120 000% + 148500 Vv 28 500V) Water and Electricity ( (3 000v + 192 000V -— 133000 vw 5 000% )x70/100% | Depreciation 11100 ¥ Factory expenses 35400 ¥ | 760 000 760 000 23 23 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 13 of 16 FINAL EXAMINATION: 2016 5.3.1. Calculate the Break - even point for the period ended 31 August 2016. TOTAL FIXED COST BEP = SPu-VCu 76 800V+60 000V 860V—(180+2554155)¥ 5 = 507 units W 5 5.3.2. Should the business be satisfied with the label of production? Explain briefly. Nov ( i) Business is currently producing less than BEP by 27 units. VW 3 , Business is incurring a loss 3 5.3.3. Provide TWO reasons for the increase in Direct Material Cost and suggest ONE way / in which the business can control this cost. } Two Reasons: ® Wastage of raw materials vv | * Supplier increased cost of raw materials vv | 6 How can business control this cost: 6 Find a cheaper supplier vv ) | i Total Marks 50 I 50 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

Downloaded from hlayiso.com ACCOUNTING Page 14 of 16 FINAL EXAMINATION: 2016 QUESTION SIX: 6.1.1. Why does depreciation not appear on the Cash Budget? 1 Non cash transaction v 7 6.1.2. Debtors Collection Schedule for the months January and February 2017 Month Credit Sales January February November 57 000 8550 December 57 500 17 250 8625 v January 56 000 26600 “| 16800 Vv 6 February 54 600 25935 Vv 6 52400 ¥]| 51360 Vv ( 6.1.3. Calculate the missing amounts indicated by the letters A to H in the Cash Budget for January and February 2017. Workings Answer A 400 nee 163800 Vv 54 600 x = = 218 400 vx i00 B 51360 w c 15 000 x 1.15 17 250 vv D 36 000 x= = 60 000 vx 2. 24000 «Vv 60 100 E ca 32.010 vv 35000 «x 00 F 6 000 - 500 5500 v 15 15 G 400000 2 t 400 vv 1 100° 12 Va 99 x ESOSC—CSSSSSS 40000 vv 42 000 x Tos GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

ae Downloaded from hlayiso.com ACCOUNTING Page 15 of 16 FINAL EXAMINATION: 2016 | 6.2.1. Briefly explain the main difference between perpetual and periodic inventory systems. Perpetual : Cost of sales is calculated after each sales transaction v | 2 | Periodic 2 Cost of sales is calculated once at the end of the year v TRADING ACCOUNT 7 3 Opening stock 60 000Y Sales (520 000- 503 000M 15 000V- 2 000%) Purchases - vw. wv. (360 000-10 400¥'- 1600 346 000M Closing stock 86 300V 2000%) Carriage on purchases (6 200 + 1 800) 8 000VY Profit and loss 175 300M 589 300 589 300 C) 12 12 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER

“ Downloaded from hlayiso.com ACCOUNTING Page 16 of 16 FINAL EXAMINATION: 2016 6.3.1. Identify ONE problem in relation to each branch, quoting figures / amounts to support the problem. Offer the owner advice on how to solve the problem. Problem with figures Advice Branch: Umhlanga ° Theft occurring. There are 100 PS4 * Improve internal control missing. ¢ Do regular stock taking and stock checks. Branch : Ballito * Too much stock on hand ¢ Order only when required. ( . * Only 400 out of 1900 have been «Pay manager on a commission sold. basis. ¢ Stock will be outdated. Branch: Pinetown ¢ R 700000 cash stolen e Improve internal control * Division of duties e v¥ problem with figures e Y for advice 9 { 9 GREENBURY SECONDARY SCHOOL GRADE: 11 PLEASE TURN ONVER 5 me Fotal Marks f— a Fe