Accounting Grade 12 NSC June 2013 Addendum

<Ee basic education Department: Basic Education REPUBLIC OF SOUTH AFRICA SENIOR CERTIFICATE EXAMINATION CENTRE NUMBER EXAMINATION NUMBER ACCOUNTING HIGHER GRADE 2013 ANSWER BOOK QUESTION MARKS INITIAL This answer book consists of 17 pages. sven NA 0 0 sso un ow

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Downloaded from hlayiso.com Accounting/HG 2 DBE/2013 SCE — Answer Book QUESTION 1 No Entry in Bank No. | entry Entry in CRJ Entry in CPJ Reconciliation at all Statement Amount Details Amount Details Amount Details e.g. Creditors’ Outstanding ss Control ay cheque 1 2 3 4 5 6 7 8 9 10 11 12 40 Copyright reserved Please tum over HAUNT GAUTENG

Accounting/HG Downloaded from hlayiso.com 3 SCE — Answer Book QUESTION 2 DBE/2013 GENERAL LEDGER OF BABMAT TRADERS CC BALANCE SHEET ACCOUNTS SECTION 2.1 Dr MEMBERS' CONTRIBUTION Cr 9 2.2 Dr SARS — INCOME TAX Cr 12 Copyright reserved GAUTENG Please tum over

Downloaded from hlayiso.com Accounting/HG 4 DBE/2013 SCE — Answer Book 2.3 Dr DISTRIBUTION PAYABLE TO MEMBERS 9 2.4 FINAL ACCOUNT SECTION Dr APPROPRIATION ACCOUNT 10 40 Copan reserved UAC AAAT AOA A Presse tim over GAUTENG

Downloaded from hlayiso.com Accounting/HG 5 DBE/2013 SCE — Answer Book QUESTION 3 3.1 DEBTORS' COLLECTION SCHEDULE OF LENGANA TRADERS FOR THE PERIOD 1 MARCH 2013 TO 30 APRIL 2013 Credit sales March April January 98 000 9 800 nil February 91 000 | ? ? March ? ? ? April ? ? ? 12 ce gg cael GAUTENG

Downloaded from hlayiso.com Accounting/HG 6 DBE/2013 SCE — Answer Book 3.2. LENGANA TRADERS CASH BUDGET FOR THE PERIOD 1 MARCH 2013 TO 30 APRIL 2013 CASH RECEIPTS March April Cash sales Collection from debtors CASH PAYMENTS Cash purchases Payments to creditors Surplus/Shortfall Balance at the beginning of the month Balance at the end of the month 43 55 Tae NAN A Pas um on qn

Accounting/HG u SCE — Answer Book QUESTION 4 NTOMULLER TRADERS Downloaded from hlayiso.com DBE/2013 4.1.1 FIXED ASSETS/TANGIBLE ASSETS LAND AND BUILDINGS Cost price at the end of the previous year VEHICLES 415 000 | EQUIPMENT Accumulated depreciation Carrying value at the end of the previous year | (0) (154 000) (65 500) 261 000 Movements Additions at cost Asset disposal Depreciation (0) Carrying value at the end of the current year Cost price at the end of the current year Accumulated depreciation (0) Copyright reserved GAUTENG 23 Please tum over

Downloaded from hlayiso.com Accounting/HG 8 DBE/2013 SCE — Answer Book NTOMULLER TRADERS 4.1.2 CAPITAL NTOMBENI MULLER TOTAL Balance on the last day of the previous year Balance on the last day of the current year 10 NTOMULLER TRADERS 4.1.3 CURRENT ACCOUNTS NTOMBENI MULLER TOTAL Salaries Interest on capital Primary distribution Final distribution Drawings for the year 25 Copyrant reserved UU AQAI AOAC ini GAUTENG

Downloaded from hlayiso.com Accounting/HG 9 DBE/2013 SCE — Answer Book 4.2 NTOMULLER TRADERS BALANCE SHEET AS AT 28 FEBRUARY 2013 EQUITY AND LIABILITIES OWNERS' EQUITY Capital Current accounts NON-CURRENT LIABILITIES Mortgage loans CURRENT LIABILITIES 22 80 aiid FMV ANAL A Meese tum over GAUTENG

Downloaded from hlayiso.com Accounting/HG 10 DBE/2013 SCE — Answer Book QUESTION 5 5.1 PIETA LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations — Interest paid Dividends paid Income tax paid CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES NET CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 20 Copyrant reserved FUDAN AE iain GAUTENG

Downloaded from hlayiso.com Accounting/HG ud DBE/2013 SCE — Answer Book 5.2.1 RECONCILIATION BETWEEN NET PROFIT BEFORE TAXATION AND CASH GENERATED FROM OPERATIONS Profit before taxation Depreciation Interest on loan Cash effects of changes in working capital Increase/decrease in stock | Increase/decrease in debtors | Increase/decrease in creditors Cash generated by operations 12 5.2.2 _INCOME TAX PAID Stee gg Peston GAUTENG

Downloaded from hlayiso.com Accounting/HG 12 DBE/2013 SCE — Answer Book 5.2.3__ DIVIDENDS PAID 5.3 — CALCULATION OF THE NUMBER OF NEW SHARES ISSUED 5.4__ DEBT-EQUITY RATIO 5.4.1 CALCULATE THE DEBT-EQUITY RATIO FOR 2013. 5.4.2, COMMENT ON THE DEBT-EQUITY RATIO. 8 Com mane Aq aaa

Downloaded from hlayiso.com Accounting/HG 13 DBE/2013 SCE — Answer Book 5.5 LIQUIDITY 5.5.1 CALCULATE THE CURRENT RATIO FOR 2013. 5.5.2, CALCULATE THE ACID-TEST RATIO FOR 2013. 5.5.3 COMMENT BRIEFLY ON THESE RATIOS FOR 2103. CURRENT RATIO ACID-TEST RATIO 16 5.6 NET ASSET VALUE CALCULATE THE NET ASSET VALUE FOR 2013. 5 cnn A oamaas GAUTENG

Downloaded from hlayiso.com Accounting/HG 14 DBE/2013 SCE — Answer Book 5.7 _ DIVIDENDS AND EARNINGS 5.7.1 CALCULATE THE DIVIDEND PER SHARE FOR 2013. 5.6.2 CALCULATE THE EARNINGS PER SHARE FOR 2013. 10 90 ca Ng ceca GAUTENG

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Downloaded from hlayiso.com Accounting/HG 15 DBE/2013 SCE — Answer Book QUESTION 6 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 35 co ma Nu ATT aaa GAUTENG

Downloaded from hlayiso.com Accounting/HG 16 DBE/2013 SCE — Answer Book QUESTION 7 GENERAL LEDGER OF SUMMERSET SOCCER CLUB NOMINAL ACCOUNTS SECTION 7.1 Dr MEMBERSHIP FEES Cr 2012 2012 Jan d Jan u 23 Copyright reserved FHA OO henahibiiel GAUTENG

Downloaded from hlayiso.com Accounting/HG 17 SCE — Answer Book DBE/2013 7.2 SUMMERSET SOCCER CLUB STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2012 INCOME Membership fees Entrance fees EXPENSES Membership fees written off Wages Stationery Water and electricity Bank charges Maintenance Honorarium Depreciation Surplus Interest income Surplus before interest expense Interest expense Net surplus for the year icine TUT GAUTENG 60 37 TOTAL: 400