Accounting Grade 11 Paper 1 North West June 2019 Addendum

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 PROVINCIAL ASSESSMENT GRADE 11 ACCOUNTING: PAPER 1 JUNE 2019 Answer booklet MARKS: 150 LEARNER’S NAME...................................................................................................... NAME OF SCHOOL.................................................................................................... QUESTION MARKS INITIALS MODERATOR 1 2 3 TOTAL This answer booklet consists of 06 pages. Demo NW/JUNE/ACCNG/ EMIS/6******* Page 1 of 6

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 QUESTION 1: 1.1 Choose an example from COLUMN B that matches a concept COLUMN A. 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 5 1.2 KELISH TRADERS INCOME STATEMENT FOR THE YEAR ENDED ON 28 FEBRUARY 2019 55 60 Demo NW/JUNE/ACCNG/ EMIS/6******* Page 2 of 6

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 QUESTION 2: 2.1.1 CAPITAL RUTH SEGOMOTSI TOTAL 8 2.1.2 CURRENT ACCOUNT RUTH SEGOMOTSI TOTAL 30 Demo NW/JUNE/ACCNG/ EMIS/6******* Page 3 of 6

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 2.2 Accounting equation Assets Equity Liabilities E.g – 500 – 500 0 12 50 QUESTION 3 PARTNERSHIPS–LEDGER ACCOUNTS AND INTERPRETATION 3.1 GENERAL LEDGER OF LEMON BLOSSOM TRADERS CURRENT ACCOUNT: BROOKLYN 9 Demo NW/JUNE/ACCNG/ EMIS/6******* Page 4 of 6

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 3.2.1 Acid test ratio 4 3.2.2 Debt/equity ratio 3 3.2.3 Percentage return earned by the partners 7 3.3 The partners are concerned about the liquidity position of the business. Explain why they feel this way. Quote TWO financial indicators (with figures) to support your explanation. 6 Demo NW/JUNE/ACCNG/ EMIS/6******* Page 5 of 6

Downloaded from hlayiso.com Accounting Grade 11-Answer booklet NW/June 2019 3.4 Comment on the percentage return earned by Partner Lebrin. Should he be satisfied with this percentage? Explain, quoting relevant financial indicators with figures. 5 3.5 Partner Brooklyn feels that the business should increase the loan. Partner Lebrin is not keen to incur more debt. Briefly explain who you would support. Provide TWO financial indicators (with figures) to motivate your choice. 6 40 TOTAL: 150 Demo NW/JUNE/ACCNG/ EMIS/6******* Page 6 of 6