# Accounting Grade 12 Paper 1 KZN June 2025 Addendum

> Grade 12 Accounting Paper 1 addendum from the KZN June Exam 2025, 10 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/accounting-grade-12-nsc-answer-book-p1-may-june-2025-limpopo/17e3c3ee-99fa-4c09-90d2-6c39c688ce07
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Addendum
- Year: 2025
- Exam period: KZN June Exam
- Paper: 1
- Curriculum: CAPS
- Pages: 10

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## About this document

Accounting · Grade 12 · KZN June Exam · 2025. Addendum, 10 pages. Read online or download the PDF.

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

## Document text

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### Page 1

_ LIMPOPO

PROVINCIAL GOVERNMENT
REPUBLIC OF SOUTH AFRICA

STICKER

DEPARTMENT OF

EDUCATION

SCHOOL:

LEARNER NAME & SURNAME:

NATIONAL SENIOR CERTIFICATE

ACCOUNTING P1

JUNE 2025

SPECIAL ANSWER BOOK

—

QUESTION MARKS INITIAL

This answer book consists of 10 pages.

Copyright reserved Please turn over

### Page 2

QUESTION 1
HE-LECTRIX LTD
NOTE: FIGURES ARE NOT REQUIRED IN THE SHADED AREAS

Statement of Comprehensive Income for the year ended 28 February 2025

1.1

Limpopo DoE/June 2025

Sales (15 900 000

Cost of sales (5 300 000

Gross profit

Operating income 512 864
Fee income

Rent income (89 200

Discount received (45 500

Operating expenses

Insurance 62 400
Sundry expenses 3 392 585
Employers contributions 136 740
Salaries & wages 4094 100
Discount allowed 23 850

Consumable stores (45 700

Water Account (79 400

Bank charges (4 290

Advertising (516 000

Bad debts (45 200

Operating profit

Interest income

Operating profit before interest expense

Interest expense

Net profit before tax

Income tax

Net profit after tax

Copyright reserved

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35

### Page 3

Limpopo DoE/June 2025

1.2 RETAINED INCOME
Balance at the beginning 16 420 000

Interim dividends 928 000

1.3 EQUITY AND LIABILITIES
SHAREHOLDER EQUITY

Ordinary share capital 44 400 000
Retained Income

NON - CURRENT LIABILITIES

CURRENT LIABILITIES

TOTAL EQUITY AND LIABILITIES

TOTAL MARKS

60

Copyright reserved Please turn over

### Page 4

Limpopo DoE/June 2025

QUESTION 2
2.1 DISKOM LTD

2.1.1

ORDINARY SHARE CAPITAL

Issued shares on 1 May 2024

Shares issued during the year

(230 000)

issued shares on 30 April 2025

5 852 000

2.1.2 Complete the following section of the Cash Flow Statement:

CASH EFFECTS FROM OPERATING ACTIVITIES

Cash generated by operations

1 317 100

Interest paid

10

CASH EFFECTS FROM INVESTING ACTIVITIES

Proceeds from the sale of fixed assets

Change in financial assets

190 000

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### Page 5

Limpopo DoE/June 2025

2.1.3 Calculate the following Financial Indicators on 30 April 2025

Current ratio

WORKINGS

ANSWER

% Return on average total capital employed (ROTCE)

WORKINGS ANSWER
Interim dividends per share
WORKINGS ANSWER
TOTAL MARKS

40

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### Page 6

Limpopo DoE/June 2025

QUESTION 3

3.1 Match the concepts listed in COLUMN A with an explanation provided in
COLUMN B. Write only the letter (A-G) next to each number (3.1.1—3.1.5)
in the ANSWER BOOK.

3.1.1

3.1.2
3.1.3
3.1.4

3.1.5

3.2.1 | The CEO of Anna Ltd believes that the company has shown a positive
improvement in their liquidity situation because the current ratio has
increased significantly to 3,6 : 1. Explain whether he is correct or not by
quoting ONE other financial indicator, with figures, to support your
answer.

3.2.2 | Calculate and compare the dividend pay-out policy of each company.

ELSA LTD

ANNA LTD

Give a possible reason why one company opted to adjust their policy.

Copyright reserved Please turn over

### Page 7

Limpopo DoE/June 2025

3.2.3 | Elsa Ltd decided to increase their loans during the current financial year,
whilst Anna Ltd chose to maintain their existing loans.

Quote ONE financial indicator and comment on the degree of gearing of
each company.

ELSA LTD

ANNA LTD

8
3.2.4 | A shareholder of Anna Ltd is worried because the value of the company's
shares has gone down. Describe the reason for his concern. Quote and
explain TWO financial indicators to support your answer.
4

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### Page 8

Limpopo DoE/June 2025

3.2.5 | Clarify why Olaf's decision was a mistake. Discuss his % shareholding
and provide TWO additional reasons, supported by figures or
calculations, to support your explanation.

%SHAREHOLDING:

TWO POINTS:

TOTAL MARKS

35

Copyright reserved Please turn over

### Page 9

Limpopo DoE/June 2025

QUESTION 4

4.1 GAAP PRINCIPLES

Match the GAAP principles listed in COLUMN A with an explanation
provided in COLUMN B. Write only the letter (A-E) next to each number
(4.1.1-4.1.4) in the ANSWER BOOK.

4.1.1
4.1.2

4.1.3

4.1.4

4.2 AUDIT REPORT AND CORPORATE GOVERNANCE

4.2.1 | Explain the role of the independent auditor.

4.2.2 | Did Barbi Ltd receive a qualified, unqualified, or a disclaimer audit
report? Explain your choice.

4.2.3. | To whom is the audit report addressed?

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### Page 10

Limpopo DoE/June 2025

4.2.4 | The marketing expense on the Statement of Comprehensive Income
relates to a spa and beauty treatment day arranged by the CEO and her
friends. The CEO recommended to the external auditor that this
transaction be excluded.

e The external auditor was not willing to do this.
Briefly explain why he feels this way.

2
e Provide TWO consequences for the auditor if he agrees to the
recommendation of the CEO.
4
TOTAL MARKS
15
TOTAL: 150

Copyright reserved

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