# Accounting Grade 11 KwaZulu Natal June 2019 Memo > Grade 11 Accounting memorandum from the KwaZulu Natal June 2019, 8 pages. Read online or get the free PDF download, question paper linked when available. - Page: https://www.hlayiso.com/library/accounting-grade-11-memo-nov-2019/3d302bb1-a433-4dfb-b1e4-72076ed1ff4a - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 11 - Document type: Memorandum - Year: 2019 - Exam period: KwaZulu Natal June - Curriculum: CAPS - Pages: 8 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 11](https://www.hlayiso.com/library/grade-11) › [Accounting](https://www.hlayiso.com/library/grade-11/accounting) › [Accounting Grade 11 KwaZulu Natal June 2019 Memo](https://www.hlayiso.com/library/accounting-grade-11-memo-nov-2019/3d302bb1-a433-4dfb-b1e4-72076ed1ff4a) ## About this document Accounting · Grade 11 · KwaZulu Natal June · 2019. Memorandum, 8 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 Downloaded from Stanmorephysics.com ### Page 2 Downloaded from hlayiso.com QUESTION 4 [ 1.1.1 ASSET DISPOSAL ACCOUNT DATE | DETAILS AMOUNT DATE | DETAILS AMOUNT Dec | Equipment vo 50 000" | Dec | Accum. Depreéciation:Equip” 18 750 4 2018 2018 | (15000 V+3750 v) Bank ” 21 000 ¥ Loss on sale of asset V 10 250 4 50 000 50 000 f FIXED(TANGIBLE) ASSETS ] LAND AND EQUIPMENT : | BUILDINGS Carrying value (01/07/2018) 2 000 000 165 000 Cost 2 000 000 300 000 Accumulated depreciation (135 000) Movements Additions at Cost 600 000” 7180 000 Disposal at Carrying value (31 250) v1 Depreciation . (52 500) V4 Carrying value (30/06/19) 2 600 000 361250 Cost | 2 600 000V 430 000 vv Accumulated depreciation 0 (168 750) — 1.2 | The owner of Chinamhora Stores also owns vehicles that are used for deliveries. He has discovered that some of his drivers are using the business vehicles for private use. Identify TWO ways that the business can ensure that the. vehicles are being used responsibly by staff. |. Install trackery¥ ° ¢ Assign a particular driver per vehicle who is responsible for the vehicle”” e Have weekly checks on the condition of the vehiciesY ¥ ¢ Log book to record mileagev Vv Any valid explanation LC 4 ### Page 3 Downloaded from hlayiso.com Downloaded from Stanmorephysics.com ### Page 4 Downloaded from hlayiso.com 2.2.4 THALVIN TRADERS INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2019 Sales (910 600 - 12 000v - 5 600v ) 893000] Cost of sales (548 000 - 3 500” ) (544 500) ” Gross profit Check operation [6] 348500] @ | OTHER OPERATING INCOME 91 820 | Rent income (97 300 ~ 7 700”) 9 600 |v | Discount received | 1300] “ | Bad debts recovered 720] ¥ Provision for bad debts adjustment (2 100 - 1 900) 200 vv | GROSS OPERATING INCOME Check operation [9] 440 320 OPERATING EXPENSES Check operation (275 730) Salaries and wages (150 000 +21 000v ) 171 000 Employer's contribution (42 130 + 2 520” ) | 14650 Bad debts (1 850 +1 050v ) 2 900 Water and electricity 52 800 Discount allowed (750 - 150”) | 600 Telephone 9610 Insurance (11 000 + 2 200”) 43 200 Consumable stores (7 100 — 1 800’) 5 300 a]