# Accounting Grade 12 NSC June 2012 Addendum (English)

> Grade 12 Accounting addendum from the NSC June 2012 (English), 18 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/accounting-eng-hg-answer-book/23a8b9e3-c02f-45d5-9a3f-6c077c91b9e1
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Addendum
- Year: 2012
- Exam period: NSC June
- Curriculum: CAPS
- Pages: 18

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## About this document

Accounting · Grade 12 · NSC June · 2012. Addendum, 18 pages. Read online or download the PDF.

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

## Document text

Text extracted from the PDF. Layout, diagrams and tables may not survive extraction.

### Page 1

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basic education

Department:
Basic Education
REPUBLIC OF SOUTH AFRICA

SENIOR CERTIFICATE EXAMINATION

CENTRE NUMBER

EXAMINATION NUMBER

ACCOUNTING
HIGHER GRADE
2012
ANSWER BOOK

QUESTION MARKS INITIAL

This answer book consists of 18 pages.

GAUTENG Please tum over |

Copyright reserved

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Accounting/HG 2 DBE/2012
SCE — Answer Book

QUESTION 1
1.1 CAPITAL

M MABOTE M MANGOJANE TOTAL

10

1.2 CURRENT ACCOUNTS

M MABOTE M MANGOJANE TOTAL
Salaries
Interest on capital

25

Cony reserved NAN

Please turn over

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Accounting/HG 3 DBE/2012
SCE — Answer Book

1.3

NOTE FOR FIXED ASSETS

Land and

Buildings Equipment Vehicles

Carrying value at beginning of year

Cost 204 560 268 000 227 600
Accumulated depreciation (0) (125 680) (63 060)

Movements

Additions

Disposals

_ Depreciation

Carrying value at the end of the year
Cost ]
Accumulated depreciation

25

TOTAL MARKS

a TT ae

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Accounting/HG 4 DBE/2012
SCE — Answer Book

QUESTION 2
2.1 Refer to the details and figures in the accounts. Provide the
missing details/figures labelled [A] to [M].

A H

B I

c J

D K

E L

F M

G 25
2.2 There are differences between the periodic and perpetual inventory

systems. Briefly explain ONE difference between these systems.

Explain how a business would decide which system to use.

Copies JANILIUV AAV NALIN === 3861

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Accounting/HG 5 DBE/2012
SCE — Answer Book
QUESTION 3
3.1
CASH RECEIPTS JOURNAL OF MASOKE TRADERS FOR APRIL 2012 CRJ4
DOC | pay DETAILS SUNDRY | FOL. DETAILS
NO. aes ACCOUNTS
30 | Total 33 433 33 433
19
CASH PAYMENTS JOURNAL OF MASOKE TRADERS FOR APRIL 2012 cPJ4
DOC | pay DETAILS BANK SUNDRY | FOL. DETAILS
NO. ACCOUNTS
30 | Total 31 313 31 313
16

Comrieeoned NAN 4

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Accounting/HG 6 DBE/2012
SCE — Answer Book

3.2
GENERAL LEDGER OF MASOKE TRADERS
Dr BANK Cr
6
3.3
BANK RECONCILIATION STATEMENT OF MASOKE TRADERS ON 30 APRIL 2012
14

TOTAL MARKS

55

corn rose TCT ea

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Accounting/HG 7 DBE/2012

SCE — Answer Book

QUESTION 4
4.1

GENERAL LEDGER OF DOME CYCLING CLUB
Dr MEMBERSHIPS FEES ACCOUNT Cr
2010 2010
Sept. | 1 Sept. | 1
17
Copyright reserved Please turn over

GAUTENG

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Accounting/HG 8

DBE/2012
SCE — Answer Book

4.2

DOME CYCLING CLUB
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 AUGUST 2011

INCOME

EXPENDITURE

Surplus/Deficit before interest

Interest income

Interest expense
Surplus/Deficit for the year

43
TOTAL MARKS
60
SSS |
Conrihtesoved LNA AMUN, =e ovr

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Accounting/HG 9 DBE/2012
SCE — Answer Book

QUESTION 5

5.1.1 RECONCILIATION BETWEEN PROFIT BEFORE TAXATION AND CASH
GENERATED BY OPERATIONS

Profit before taxation

Depreciation

Interest paid

Operating profit

Changing in working capital

Cash generated

14
5.1.2 DIVIDENDS PAID

7
5.1.3 INCOME TAX PAID

7

ae TT
GAUTENG

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Accounting/HG 10 DBE/2012
SCE — Answer Book

5.2 CALCULATE THE NUMBER OF ORDINARY SHARES THAT WERE ISSUED ON
1 MARCH 2011.

4
5.3. COMMENT ON THE FOLLOWING RATIOS:
Current ratio
Acid-test ratio
6
5.4 CALCULATE THE DEBT TO EQUITY RATIO FOR 2012.
Long-term loan: Shareholders' equity
5

Conrihtesoned JANATA AMUN] ees ovr

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Accounting/HG 11 DBE/2012
SCE - Answer Book

5.5 CALCULATE THE CREDITORS' PAYMENT PERIOD (IN MONTHS) FOR THE 2012
FINANCIAL YEAR

Average creditors x 12
Cost of sales 1

5

5.6 CALCULATE THE NUMBER OF DAYS THE COMPANY HAD TO WAIT IN 2012
BEFORE DEBTORS SETTLED THEIR DEBTS.

Average debtors x 366
Credit sales 1

5

5.7 STATE TWO WAYS IN WHICH MANAGEMENT COULD ENCOURAGE DEBTORS
TO PAY THEIR DEBTS EARLIER.

4

Coorg econed LINEAL KIN oer

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Accounting/HG 12 DBE/2012
SCE - Answer Book

5.8 CALCULATE THE NET ASSET VALUE PER SHARE FOR 2012.

Shareholders’ equity
Number of shares issued

5

5.9 CALCULATE THE RETURN ON AVERAGE SHAREHOLDERS' EQUITY FOR 2012.

Net income after tax
Average shareholders' equity |

4

5.10 DO YOU THINK THAT THE AVERAGE SHAREHOLDERS’ EQUITY CALCULATED
IN QUESTION 5.9 IS ACCEPTABLE? GIVE A BRIEF EXPLANATION FOR YOUR
ANSWER.

TOTAL MARKS

Conrihtesoned LNAI ANAM === 350 tmer

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Accounting/HG 13 DBE/2012
SCE — Answer Book
QUESTION 6
6.1.1
GENERAL LEDGER OF RAMROOS CC
Dr MEMBERS' CONTRIBUTIONS Cr
9
6.1.2
Dr RETAINED INCOME/ACCUMULATED PROFITS Cr
5

Copyright reserved

GAUTENG

Please turn over

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Accounting/HG 14 DBE/2012
SCE — Answer Book
6.1.3
GENERAL LEDGER OF RAMROOS CC
Dr DISTRIBUTION PAYABLE TO MEMBERS Cr
8
6.1.4
Dr SARS — INCOME TAX Cr
9
6.1.5
Dr APPROPRIATION ACCOUNT Cr
10
Copyright reserved Please turn over

GAUTENG

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Accounting/HG 15 DBE/2012
SCE — Answer Book

6.2 RAMROOS CLOSE CORPORATION
BALANCE SHEET ON 29 FEBRUARY 2012

MEMBERS’ EQUITY

NON-CURRENT LIABILITIES

Loan from East Bank

Loans from members

TOTAL MARKS

Copyrgnt reserved ETO AAO AE A A ieuiaiel

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Accounting/HG 16 DBE/2012
SCE — Answer Book
QUESTION 7
7.1
7.1.1. DEBTORS' COLLECTION SCHEDULE FOR MAY AND JUNE 2012
MAY JUNE
R R
March 4320 0
April 25 200
May
June

Copyright reserved

GAUTENG

10

Please turn over

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Accounting/HG 17 DBE/2012
SCE — Answer Book

7.1.2 CASH BUDGET FOR MAY AND JUNE 2012

MAY JUNE

CASH RECEIPTS

Cash sales

Collections from debtors

CASH PAYMENTS

Payment to creditors

Surplus/Shortfall

Balance of bank at the beginning of the month

Balance of bank at the end of the month

50

Ta ITLL 0000

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Accounting/HG

7.2

18

SCE — Answer Book

DBE/2012

Study this extract and for each item give Thabo Mkhize an OBSERVATION (what you
notice) and a RECOMMENDATION (advise what to do).

Comment

Advice

Repairs and
maintenance

Telephone

Rent income

Advertising

Sales

TOTAL MARKS

15

Copynant reserved FOIA AUT TA

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