# Accounting Grade 12 Eastern Cape Mock 2023 QP (Eng) > Grade 12 Accounting question paper from the Eastern Cape Mock Exam 2023 (English), 10 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-gr12-ans-book-sept-2023-english/06b9465a-269d-427b-884d-3f996d5b80de - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Question paper - Year: 2023 - Exam period: Eastern Cape Mock Exam - Curriculum: CAPS - Pages: 10 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 Eastern Cape Mock 2023 QP (Eng)](https://www.hlayiso.com/library/accounting-gr12-ans-book-sept-2023-english/06b9465a-269d-427b-884d-3f996d5b80de) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2023 · English. Question paper, 10 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 Name: NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBER 2023 ACCOUNTING P2 ANSWER BOOK MAXIMUM MARKS MODERATED QUESTION MARKS OBTAINED MARKS 1 35 2 40 3 40 4 35 150 This answer book consists of 10 pages. ### Page 2 2 ACCOUNTING P2 (ANSWER BOOK) (EC/SEPTEMBER 2023) QUESTION 1 1.1 CREDITORS RECONCILIATION CREDITORS’ LEDGER STATEMENT OF ACCOUNT ACCOUNT Balance b/f 52 900 108 800 (i) (ii) (iii) (iv) (v) (vi) 10 1.2 BANK RECONCILIATION 1.2.1 CASH RECEIPTS CASH PAYMENTS 76 270 88 625 Bank Account balance: 12 1.2.2 BANK RECONCILIATION STATEMENT ON 31 MAY 2023 DEBIT CREDIT 7 Copyright reserved Please turn over ### Page 3 (EC/SEPTEMBER 2023) ACCOUNTING P2 (ANSWER BOOK) 3 1.2.3 Provide ONE suggestion on how the problem of counterfeit (fake) notes can be prevented. 2 1.2.4 Donald was concerned about the outstanding deposits. Provide TWO internal control measures that he can implement to address this concern. POINT 1 POINT 2 4 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P2 (ANSWER BOOK) (EC/SEPTEMBER 2023) QUESTION 2 2.1.1 FACTORY OVERHEAD COST Sundry factory expenses 65 570 12 2.1.2 PRODUCTION COST STATEMENT ON 28 FEBRUARY 2023 Direct material cost 374 500 PRIME COST Total manufacturing cost Work-in-progress (opening balance) 35 400 Work-in-progress (closing balance) Cost of production of finished goods 8 Copyright reserved Please turn over ### Page 5 (EC/SEPTEMBER 2023) ACCOUNTING P2 (ANSWER BOOK) 5 2.2 FAZEL MANUFACTURERS 2.2.1 Control over raw material: Fazel is concerned about the wastage of material in production. Calculate the number of metres of fabric that was wasted. WORKINGS ANSWER 4 Provide TWO possible reasons for this wastage. REASON 1 REASON 2 4 2.2.2 Break-even analysis: Calculate the break-even point for the year ended 28 February 2023. WORKINGS ANSWER 4 Explain whether the business should be satisfied with the number of units made during the current financial year. State TWO points. POINT 1 POINT 2 4 Fazel is concerned about the increase of R81 900 in total fixed costs. Provide ONE reason why he should not be concerned. Quote figures. 4 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P2 (ANSWER BOOK) (EC/SEPTEMBER 2023) QUESTION 3 STOCK VALUATION 3.1 3.1.1 3.1.2 3.1.3 3.1.4 4 3.2.1 Calculate the following for the financial year ended 28 February 2023: Value of closing stock (using weighted average) WORKINGS ANSWER 7 Number of units missing WORKINGS ANSWER 4 3.2.2 Explain TWO strategies that Lyon could use to address the problem of customers stealing items. POINT 1 POINT 2 2 Copyright reserved Please turn over ### Page 7 (EC/SEPTEMBER 2023) ACCOUNTING P2 (ANSWER BOOK) 7 3.2.3 The average stockholding period is 73,7 days. Explain whether Lyon should be concerned about this. Provide ONE point. 2 3.2.4 Calculate the cost of sales on laptop bags. WORKINGS ANSWER 5 3.2.5 Lyon was confused as to why the Coma bag sales are better than Komfi. Provide TWO possible reasons. REASON 1 REASON 2 4 VAT 3.3.1 Calculate the VAT amount payable to SARS on 30 April 2023. WORKINGS ANSWER 10 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P2 (ANSWER BOOK) (EC/SEPTEMBER 2023) 3.3.2 Offer ONE point of advice to Benjamin and an explanation or reason to support the advice. ADVICE REASON 2 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 9 (EC/SEPTEMBER 2023) ACCOUNTING P2 (ANSWER BOOK) 9 QUESTION 4 4.1. List TWO items that would not appear on a Cash Budget. ITEM 1 ITEM 2 2 4.2 Calculate: WORKINGS ANSWER (i) Cost of sales: September 2023 (ii) Rent income: August 2023 (iii) Managers salaries: September 2023 (iv) Operating profit: August 2023 13 4.3 Calculate: Cost of new vehicle purchased on 1 August 2023 WORKINGS ANSWER 5 Calculate: The savings on interest on loan after the loan repayment WORKINGS ANSWER 3 Copyright reserved Please turn over ### Page 10 10 ACCOUNTING P2 (ANSWER BOOK) (EC/SEPTEMBER 2023) 4.4 Refer to the actual and budgeted figures for August 2023 and comment on the control of the following items: Quote figures. TELEPHONE, WATER AND ELECTRICITY Quote figures 3 ADVERTISING Quote figures 4 4.5 Explain the effect of the decrease in mark-up % on gross profit. Quote figures. 3 Provide ONE disadvantage of selling more goods on credit. 2 TOTAL MARKS 35 TOTAL: 150 Copyright reserved Please turn over ## Related documents - [ACCOUNTING P1 GR12 QP SEPT 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept-2023-english/86b103e1-05b3-4ddd-9077-02c461ae7d17) — Accounting · QP · 2023 · Eng - [ACCOUNTING P2 QP GR12 SEPT 2023 English](https://www.hlayiso.com/library/accounting-p2-qp-gr12-sept-2023-english/eb464289-6949-44e1-9c80-4e527d6a3926) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR12 AB JUNE 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-ab-june-2023-english/bd3063b8-4a97-4989-8498-a76ffb82e60a) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR12 QP SEPT 2021 English D REV](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept-2021-english-d-rev/bd359bc3-aaa6-4466-a680-12cf6f56610f) — Accounting · QP · 2021 · Eng - [ACCOUNTING P2 GR12 QP SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-qp-sept2020-english/f03e0db8-e54a-430c-a3c1-424aaa129fde) — Accounting · QP · 2020 · Eng - [ACCOUNTING P2 GR12 ANSWER BOOK JUNE 2023 English](https://www.hlayiso.com/library/accounting-p2-gr12-answer-book-june-2023-english/11493bdc-95ff-4293-b727-2b3a22027be3) — Accounting · Addendum · 2023 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [ACCOUNTING P1 GR12 AB JCT ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-ab-jct-eng-d-watermark/77ae8297-53f7-47b3-8e29-57bd38f30483) — Addendum · 2025 · Eng - [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 2025 · Eng - [Accounting P1 (English) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p1-english-june-2025-answer-book/7e96e433-56f8-43a1-9a38-c68c465746dd) — Addendum · 2025 · Eng - [Accounting P2 (English ) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p2-english-june-2025-answer-book-1/73bffe7c-1c96-49bd-af78-abb8db8c6618) — Addendum · 2025 · Eng - [Accounting P1 (English) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-english-june-2025-possible-answers/86671777-58f6-4c82-932c-4924bae022c0) — Memo · 2025 · Eng ## Collection - [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.