# Accounting Grade 12 EC June 2018 Question Paper (English) > Grade 12 Accounting question paper from the EC June 2018 (English), 16 pages. Read online or get the free PDF download, memo linked when available. - Page: https://www.hlayiso.com/library/accounting-gr12-qp-june-2018-english/d9ca8be5-b8ae-4555-a01e-bacf0e5bb45f - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Question paper - Year: 2018 - Exam period: EC June - Curriculum: CAPS - Pages: 16 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 EC June 2018 Question Paper (English)](https://www.hlayiso.com/library/accounting-gr12-qp-june-2018-english/d9ca8be5-b8ae-4555-a01e-bacf0e5bb45f) ## About this document Accounting · Grade 12 · EC June · 2018 · English. Question paper, 16 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 Downloaded from hlayiso.com NATIONAL SENIOR CERTIFICATE GRADE 12 JUNE 2018 ACCOUNTING MARKS: 300 TIME: 3 hours *JACCNE* This question paper consists of 16 pages and a 13 page answer book. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING (EC/JUNE 2018) INSTRUCTIONS AND INFORMATION Read the following instructions carefully and follow them precisely. 1. Answer ALL the questions. 2. A special ANSWER BOOK is provided in which to answer ALL the questions. 3. Show ALL workings to earn part-marks. 4. You may use a non-programmable calculator. 5. You may use a dark pencil or black/blue ink to answer the questions. 6. Where applicable, show all calculations to ONE decimal point. 7. Write neatly and legibly. Copyright reserved Please turn over turn over ### Page 3 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 3 8. A breakdown of the questions is provided below. You must attempt to comply with the suggested time allocation for each question. QUESTION 1: 50 marks; 30 minutes Topic: This question integrates: Managing resources Inventory valuation x Concepts, Calculating and interpreting stock information x Internal controls QUESTION 2: 25 marks; 15 minutes Topic: This question integrates: Financial accounting x Creditors’ reconciliation and Debtors’ age analysis. Reconciliations Managing resources x Internal control QUESTION 3: 70 marks; 45 minutes Topic: This question integrates: Financial accounting Fixed Assets and Income x Concepts and Income Statement Statement Managing Resources x Fixed asset management QUESTION 4: 70 marks; 40 minutes Topic: This question integrates: Financial accounting x Balance Sheet and notes Balance Sheet and Audit Report Managing Resources x Audit report – concepts and comments QUESTION 5: 55 marks; 35 minutes Topic: This question integrates: Financial Accounting Cash Flow Statement and x Concepts and calculating Cash Flow amounts Interpretation x Financial indicators and interpretation QUESTION 6: 30 marks; 15 minutes Topic: This question integrates: Financial Accounting x VAT – concepts and calculations VAT and Problem-solving Managing Resources x Identifying problems and offering suggestions Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING (EC/JUNE 2018) QUESTION 1: INVENTORY VALUATION (50 marks; 30 minutes) 1.1 Choose a concept from the list provided that describes each statement below. Write only the concept next to the question numbers (1.1.1–1.1.4) in the ANSWER BOOK. periodic inventory system; perpetual inventory system; first-in-first-out; specific identification; weighted average 1.1.1 The closing stock is valued at the most recent purchase prices. 1.1.2 An annual stock-take must be done in order to determine the value of the stock balance at the end of the year. 1.1.3 Large, expensive items are valued at the original invoice price of the individual stock items. 1.1.4 A comparison of the stock records with the physical stock-take reveals any stock deficit. (4 x 1) (4) 1.2 MGIJIMA TRADERS Mgijima Traders sells school bags and stationery cases to learners in the Peddie area. School bags are valued using the FIFO method and stationery cases are valued using the weighted average method. The financial year ended on 30 April 2018. REQUIRED: 1.2.1 Calculate the following for school bags on 30 April 2018: x The value of the closing stock (8) x Cost of sales (6) 1.2.2 Calculate the following for stationery cases on 30 April 2018: x The number of units missing (7) x The value of the closing stock (9) 1.2.3 Suggest TWO internal control measures that the business can use to reduce the incidence of missing stock. (4) 1.2.4 Refer to information C: The business decided to sell computer bags from 1 February 2018. (i) Calculate the value of the closing stock using the specific identification method. (7) (ii) Was the idea of introducing the computer bags successful or not? Explain. Quote figures. (5) Copyright reserved Please turn over turn over ### Page 5 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 5 INFORMATION: A. Stock records of School Bags for the financial year ended 30 April 2018: Stock balance DATE UNITS UNIT COST TOTAL AMOUNT 1 May 2017 118 R15 340 30 April 2018 125 ? ? Purchases: 360 R52 310 July 2017 98 R140 R13 720 October 2017 142 R145 R20 590 January 2018 120 R150 R18 000 Returns: January 2018 12 R150 ? Sales: 341 B. Stock records of stationery cases for the financial year: Stock balance DATE UNITS UNIT COST TOTAL AMOUNT 1 May 2017 92 R2 760 30 April 2018 111 ? ? Purchases: 395 R14 135 June 2017 130 R32 R4 160 August 2017 125 R35 R4 375 October 2017 140 R40 R5 600 Returns: 48 damaged units from the August 2017 purchases were returned to the suppliers for a full refund of the unit costs. Carriage on Total transport cost on stationery cases amounted to purchases: R1 467 Sales: Total sales amount: R15 550 Stationery cases are sold for R50 each. C. Stock records of computer bags: DATE UNITS UNIT TOTAL UNITS SOLD FROM PURCHASED PURCHASED PRICE AMOUNT EACH BATCH February 2018 30 R450 R13 500 16 March 2018 20 R540 R10 800 12 April 2018 10 R600 R6 000 2 x Computer bags are sold at a fixed price of R850 each. 50 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING (EC/JUNE 2018) QUESTION 2: RECONCILIATIONS (25 marks; 15 minutes) 2.1 Indicate whether each of the following statements are TRUE or FALSE. Write only TRUE or FALSE next to each number (2.1.1–2.1.4) in the ANSWER BOOK. 2.1.1 Preparing a bank reconciliation statement is not necessary as the bank always sends the statement on time every month. 2.1.2 A debit balance on the bank statement means that the business has a favourable bank balance. 2.1.3 A post-dated cheque received from a debtor will only be recorded in the relevant cash journal on the date on the cheque. 2.1.4 Interest on a bank overdraft is recorded as a separate expense item in the Cash Payments Journal. (4 x 1) (4) 2.2 CREDITORS’ RECONCILIATION: Ayanda Traders purchases goods on credit from Thembi Suppliers. The statement of account received from Thembi Suppliers on 31 May 2018 showed an outstanding balance of R8 300. The Creditor’s Ledger account of Thembi Suppliers in the books of Ayanda Traders reflects an amount of R11 570 due. REQUIRED: Complete the table provided to show the effect of each error/omission. Indicate whether each amount must be added (+) or subtracted (-). (12) INFORMATION: A. Creditors’ Ledger of Ayanda Traders Thembi Suppliers (CL6) DATE DETAILS FOL DEBIT CREDIT BALANCE May 1 Account rendered/Balance b/d 5 500 5 Invoice No. 154 CJ 2 530 8 030 8 Debit Note No. 43 CAJ 320 8 350 12 Invoice No. 780 CJ 5 830 14 180 16 Cheque No. 887 CPJ 6 000 8 180 Discount received CPJ 450 7 730 27 Invoice No. 991 CJ 3 840 11 570 B Statement of account received from Thembi Suppliers THEMBI SUPPLIERS To: Ayanda Traders No: 1267 Mdantsane 26 May 2018 DATE DETAILS AMOUNT BALANCE May 1 Balance 5 500 5 Invoice No. 154 2 530 8 030 8 Credit Note No. 90 (320) 7 710 12 Invoice No. 168 8 530 16 240 16 Receipt No. 6651 (6 000) 10 240 22 Receipt No. 7119 (2 000) 8 240 25 Interest on overdue account 60 8 300 E&OE Statement includes transactions up to 25 May 2018 Copyright reserved Please turn over turn over ### Page 7 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 7 ERRORS AND OMISSIONS NOTED: (a) An invoice for goods purchased by the manager, R930, did not appear on the May 2018 statement from Thembi Suppliers. It was also not recorded in the creditors’ ledger of Ayanda Traders. (b) An allowance of R320 granted for damaged goods was recorded as an invoice in the creditor’s ledger account of Thembi Suppliers. (c) An invoice for R5 830 was incorrectly reflected as R8 530 on the statement received from Thembi Suppliers. (d) Ayanda Traders recorded a 7,5% discount when a payment of R6 000 was made. Thembi Suppliers did not grant this discount, stating that the payment was late. (e) The statement reflected a receipt of R2 000 on 22 May 2018. This was a cheque that Thembi Suppliers received from some other business. (f) An invoice for R3 840 on 28 May 2018 did not appear on the statement. The statement was received on 26 May 2018. (g) Interest on overdue account, R60, is only reflected on the statement. 2.3 DEBTORS’ AGE ANALYSIS REQUIRED: Identify THREE different problems shown by the Age Analysis and quote evidence from the question to support your answer. In each case suggest an internal control measure to correct the problem. (9) INFORMATION: The Debtors’ Age Analysis of Mpots Stores on 31 May 2018: Credit Policy: Debtors are granted 30 days to settle their accounts. DEBTORS’ AGE ANALYSIS ON 31 MAY 2018: CREDIT CURRENT NAME TOTAL 30 DAYS 60 DAYS 60 DAYS + LIMIT MONTH P. Brown R5 000 R3 950 R1 120 R2 830 H. Hendry R3 200 R3 550 R2 800 R 750 W. Williams R4 500 R2 600 R1 200 R 900 R 500 B. Dianna R1 500 R1 500 R 900 R 600 R11 600 R2 320 R6 530 R2 150 R 600 25 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING (EC/JUNE 2018) QUESTION 3: FIXED ASSETS AND INCOME STATEMENT (70 marks; 45 minutes) 3.1 Provide the name of the statement or report for each of the descriptions provided below. Write only the name of the statement or report next to the number (3.1.1–3.1.4) in the ANSWER BOOK. 3.1.1 Shows the net profit or loss of the company for the financial year. 3.1.2 Shows the cash effects of operating, financing and investing activities of a business. 3.1.3 Shows the opinion expressed on the fair presentation of the figures in the financial statements. 3.1.4 Shows the financial position of a business in terms of its assets, equity and liabilities. (4 x 1) (4) 3.2 FOUCHE LTD Information from the records of Fouche Ltd for the year ended 30 April 2018 is provided. REQUIRED: 3.2.1 Refer to adjustments (a) and (b): x Calculate the total depreciation for the financial year ended 30 April 2018. (12) x Prepare the Asset Disposal Account to record the sale of vehicle. (9) 3.2.2 Complete the Income Statement (Statement of Comprehensive Income) for the year ended 30 April 2018. Show workings. (45) INFORMATION: A. Information from the pre-adjustment trial balance on 30 April 2018: Vehicles (1 May 2017) 620 000 Equipment 482 000 Accumulated depreciation on vehicles (1 May 2017) 345 000 Accumulated depreciation on equipment (1 May 2017) 246 000 Trading stock 765 000 Debtors’ control 214 340 Provision for bad debts 9 800 Sales 9 786 540 Debtors’ allowances 87 540 Cost of sales 5 699 000 Rent income 88 500 Bad debts recovered 13 350 Directors’ fees 539 200 Audit fees 43 200 Salaries and wages 575 400 Packing material 32 800 Municipal services 303 400 Sundry expenses ? Bad debts 9 660 Copyright reserved Please turn over turn over ### Page 9 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 9 B. Adjustments and additional information: (a) A vehicle was sold for R50 000 cash on 1 March 2018. Details of the vehicle are as follows: R Cost price 175 000 Accumulated depreciation on 1 May 2017 78 750 This transaction has not yet been recorded by the bookkeeper. (b) Make provision for depreciation as follows: x Vehicles at 15% p.a. on cost price x Equipment at 10% p.a. on the diminishing balance method NOTE: New equipment, cost price, R62 000 was purchased on 1 November 2017. This has been correctly recorded. (c) A physical stock-taking on 30 April 2018 revealed the following inventories on hand: x Trading stock R752 400 x Packing material R3 800 (d) ¼ of the audit fees must still be paid. (e) The company has two directors on equal fees. A third director was appointed on 1 November 2017 on the same fee structure. He has taken his fees for May and June 2018. (f) A debtor with an outstanding balance of R12 400 was declared insolvent. A cheque for 65% of this amount was received from the insolvent estate and recorded in the books. The balance must still be written off as a bad debt. (g) Provision for bad debts must be adjusted to 4% of debtors. (h) Extra storage space was rented out from 1 August 2017 at R7 250 per month. The tenant paid the rent for 12 months, taking into account an increase of R500 per month from 1 May 2018. (i) Interest capitalised, as per loan statement amounted to R76 300. (j) After all the adjustments, the operating profit on sales was 24% and the income tax for year at 32% of the net profit amounted to R742 080. 70 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com 10 ACCOUNTING (EC/JUNE 2018) QUESTION 4: BALANCE SHEET AND AUDIT REPORT (70 marks; 40 minutes) You are presented with information from the records of Pheswa Ltd. The financial year- end was 28 February 2018. REQUIRED: 4.1 Prepare the following notes to the Balance Sheet: 4.1.1 Ordinary share capital (11) 4.1.2 Retained income (14) 4.1.3 Trade and other payables NOTE: As there is insufficient space under Current Liabilities on the Balance Sheet, all items must be shown in this note. (9) 4.2 Complete the Balance Sheet (Statement of Financial Position) on 28 February 2018. (25) INFORMATION: A. List of balances extracted on 28 February 2018, unless otherwise stated: Ordinary share capital (1 March 2017) R4 022 000 Retained income (1 March 2017) 413 220 Inventories (Trading Stock) 442 700 Debtors’ Control 305 240 Creditors’ Control 219 400 Bank overdraft 57 480 Cash float 7 500 Fixed deposit (R60 000 matures on 30 June 2018) 230 000 SARS: Income tax (provisional income tax payments) 147 770 Accrued income 12 560 Accrued expenses 16 490 Income received in advance 8 880 B. Share capital and dividends: x The authorised share capital comprised 1 200 000 ordinary shares. x On 1 March 2017, 60% of the shares were in issue. x On 30 June 2017, the directors issued a further 200 000 at R6,80 each. x On 31 August 2017, an interim dividend of 13 cents per share was paid to all shareholders on the share register. x On 31 October 2017, 100 000 ordinary shares were repurchased at R7,00 per share. These shareholders did not qualify for final dividends. x A final dividend of 27 cents per share was declared on 28 February 2018. Copyright reserved Please turn over turn over ### Page 11 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 11 C. Net profit and income tax: x The net profit before tax amounted to R535 000. x The provisional tax payments did not cover the total income tax for the year. An amount of R12 730 was still due to SARS. D. Loan: Fraser Bank The loan statement received on 28 February 2018 showed the following: Balance on 1 March 2017 1 020 000 Repayments including interest 204 000 Interest capitalised 130 500 x 20% of the outstanding balance is expected to be paid during the next financial year. 4.3 AUDIT REPORT The following questions are based on an extract of the external auditors of Pheswa Ltd: REQUIRED: 4.3.1 Briefly explain the role of an independent auditor. (2) 4.3.2 What type of audit did the company receive? Explain. (3) 4.3.3 Further investigation of the marketing expense on the Income Statement revealed that an amount of R210 000 relates to a holiday for the CEO and his family. It covered accommodation and air tickets. The bookkeeper was instructed to debit marketing expenses with the R210 000 and the independent auditor was requested to ignore this as it had been recorded in the financial statements. x Briefly explain why the independent auditor was not willing to follow the request of the CEO. Give ONE point. (2) x Provide TWO possible consequences for the auditor if he agrees to this request. (4) INFORMATION: EXTRACT FROM THE REPORT OF THE INDEPENDENT AUDITORS We have audited the annual financial statements of Pheswa Ltd for the year ended 28 February 2018. Financial statements are the responsibility of the company’s directors. Our responsibility is to express an opinion based on our audit. International Standards on Auditing require that we perform the audit to obtain reasonable assurance that the financial statements are free of misstatement. Audit opinion The financial statements fairly represent the financial position of the company on 28 February 2018, except for the marketing expense in the Income Statement which could not be verified, as no documentation existed for this expenditure. Pauw and Gordon Chartered Accountants (SA) 15 May 2018 70 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com 12 ACCOUNTING (EC/JUNE 2018) QUESTION 5: CASH FLOW STATEMENT AND INTERPRETATION (55 marks; 35 minutes) 5.1 Choose a GAAP principle from COLUMN B to match the description in COLUMN A. Write only the letter (A–D) next to the question number (5.1.1–5.1.4) in the ANSWER BOOK. COLUMN A COLUMN B 5.1.1 Assets are recorded at the amount A Materiality concept originally paid for them 5.1.2 Expenses and income are recorded in B Historical cost the appropriate financial period 5.1.3 Significant amounts are disclosed C Going concern separately in the financial statements 5.1.4 Financial statements are prepared D Matching concept with the assumption that the business will continue for the foreseeable future (4 x 1) (4) 5.2 FLORENT LTD The information relates to the financial year ended 31 December 2017. REQUIRED: 5.2.1 Calculate only the missing figures indicated by (a) to (e) in the Cash Flow Statement on 31 December 2017. (19) 5.2.2 Calculate the following financial indicators on 31 December 2017: x Percentage operating expenses on sales (3) x Solvency ratio (5) x Debt/equity ratio (3) 5.2.3 Comment on the operating efficiency of the company for the year ended 31 December 2017. Quote TWO financial indicators (with figures) to support your comments. (6) 5.2.4 Should the shareholders be happy with their returns and dividends for the year ended 31 December 2017? Explain. Quote THREE financial indicators (with figures) to support your comments. (9) 5.2.5 The Chief Executive Officer (CEO) feels that it would be a good idea to increase the loans next year. Quote TWO financial indicators (with figures) to support his opinion. (6) Copyright reserved Please turn over turn over ### Page 13 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 13 INFORMATION: A. Extract from the Income Statement (Statement of Comprehensive Income) for the year ended 31 December 2017: Sales R 8 764 000 Operating expenses 2 015 720 Operating income 3 597 000 Depreciation 214 500 Interest expense 148 500 Income tax 916 550 B. Balance Sheet (Statement of Financial Position) on 31 December: 2017 2016 Tangible/Fixed assets 5 953 000 5 692 500 Inventories 660 000 ? Trade and other receivables ? 681 000 Cash and cash equivalents ? - Shareholders’ equity 6 673 000 5 148 000 Ordinary share capital 5 478 000 4 620 000 Retained income 1 195 000 528 000 Mortgage loan: Bea Bank (13% p.a.) 600 000 1 039 500 Current liabilities 758 000 915 750 Bank overdraft - 198 000 C. Share Capital: 2 310 000 ordinary shares on 1 January 2017 R4 620 000 390 000 ordinary shares issued on 1 January 2017 858 000 2 700 000 ordinary shares on 31 December 2017 R5 478 000 D. Dividends: x Interim dividends of 33 cents per share was paid on 30 June 2017. x Final dividends were declared on 31 December 2017. E. Tangible/Fixed assets: x Vehicles sold at carrying value during the year were correctly recorded. The cost price of these vehicles was R350 000 and the accumulated depreciation was R247 500 on the date of disposal. x Land and buildings were extended during the financial year. Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com 14 ACCOUNTING (EC/JUNE 2018) F. Trade and other payables include the following: 2017 2016 Shareholders for dividends 540 000 485 100 SARS (Income tax) ? 33 000 G. Financial indicators calculated on 31 December: 2017 2016 Operating expenses on sales ? 18% Operating profit on sales 11,3% 14% Net profit after tax on sales 21,3% 26,8% Debt-equity ratio ? 0,2 : 1 Return on average shareholders’ equity 35,5% 37% Earnings per share 78 cents 85 cents Dividends per share 53 cents 60 cents Return on capital employed 47,0% 44,2% Solvency ratio ? 3,4 : 1 Current ratio 1,7 : 1 1,3 : 1 Acid-test ratio 1,1 : 1 0,6 : 1 H. CASH FLOW STATEMENT ON 31 DECEMBER 2017 Cash effects of operating activities 542 250 Cash generated from operations Interest paid (148 500) Dividends paid (a) Income tax paid Cash effects of investing activities (631 750) Proceeds on sale of fixed assets (b) Purchase of fixed assets (c) Change in financial assets Cash effects of financing activities 385 500 Proceeds from shares issued 825 000 Repayment of loan (439 500) Net change in cash equivalents (d) Cash equivalents – beginning of year (198 000) Cash equivalents – end of year (e) 55 Copyright reserved Please turn over turn over ### Page 15 Downloaded from hlayiso.com (EC/JUNE 2018) ACCOUNTING 15 QUESTION 6: VAT AND PROBLEM-SOLVING (30 marks; 15 minutes) 6.1 Choose the correct word/s from the alternatives within brackets. Write only the word/s next to the question number (6.1.1–6.1.4) in the ANSWER BOOK. 6.1.1 VAT paid by a business on goods purchased is referred to as (Output VAT / Input VAT). 6.1.2 It is compulsory for all businesses with an annual turnover of (less than R50 000 / more than R1 000 000) to register for VAT. 6.1.3 VAT returns are submitted after (every six months / every two months) of trading activities. 6.1.4 VAT returns are collected by (SARS / SARB). (4 x 1) (4) 6.2 PLEASURE PATIOS Pleasure Patios owned by Phillip, is a registered VAT vendor, using the invoice method. REQUIRED: 6.2.1 Calculate the amount payable to/receivable from the tax office for VAT on 30 April 2018. Indicate receivable or payable. Do all VAT calculations at 15%. (13) 6.2.2 Phillip wants to register for e-filing. He is concerned about doing financial transactions over the internet. x Provide TWO benefits of doing taxes through e-filing. (2) x Give ONE point of advice to Phillip. (1) INFORMATION: A. On 1 April 2018 the VAT control account had a credit balance of R8 300. B. The following information was taken from the cash journals for April 2018: CASH RECEIPTS JOURNAL SALES VAT COST OF SALES DEBTORS’ CONTROL R320 200 R48 030 R256 160 R98 300 CASH PAYMENTS JOURNAL TRADING STOCK VAT WAGES CREDITORS’ CONTROL R294 500 R? R25 600 R163 750 C. Additional information: x VAT on credit purchases, R24 360 x Total credit sales, including VAT, R163 760 x VAT on credit notes issued, R945 x Bad debts written off during the month, R2 990 x VAT on drawings of trading stock, R270 Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com 16 ACCOUNTING (EC/JUNE 2018) 6.3 PROBLEM-SOLVING Information of three bike shops in Bisho. Each shop has a floor space of 500 m2. REQUIRED: 6.3.1 Identify ONE problem in Shop 1 and ONE problem in Shop 2. Quote figures. In EACH case, give ONE point of advice. (6) 6.3.2 Explain TWO good decisions that Veli has taken in respect of Shop 3. Quote figures. (4) Information for May 2018: SHOP 1 SHOP 2 SHOP 3 Managers Piet Beauty Veli Sales R260 000 R160 000 R760 000 Returns from customers R6 500 R24 000 R15 200 Mark-up percentage 85% 50% 60% Stock-holding period 165 days 30 days 30 days Advertising R10 400 R6 400 R53 200 Rent expense R23 400 R14 400 R95 000 Days worked per week 6 5 7 Shop assistants 4 2 6 30 TOTAL: 300 Copyright reserved Please turn over turn over ## Related documents - [Accounting QP June 2019 English Final](https://www.hlayiso.com/library/accounting-qp-june-2019-english-final/4cb2cfcc-1cab-4f96-a727-4ecb0622e193) — Accounting · QP · 2019 · Eng - [ACCOUNTING GR12 MEMO SEPT2018 English](https://www.hlayiso.com/library/accounting-gr12-memo-sept2018-english/5bfe8f07-1121-4aad-8146-327c580e81de) — Accounting · Memo · 2018 · 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 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 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 ## 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. 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