# Accounting Grade 12 NSC June 2014 Addendum (English) > Grade 12 Accounting addendum from the NSC June 2014 (English), 18 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-hg-english-june-2014-answer-book/0e4ac679-541d-4209-a1ba-aae03a7e16e9 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2014 - Exam period: NSC June - Curriculum: CAPS - Pages: 18 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 NSC June 2014 Addendum (English)](https://www.hlayiso.com/library/accounting-hg-english-june-2014-answer-book/0e4ac679-541d-4209-a1ba-aae03a7e16e9) ## About this document Accounting · Grade 12 · NSC June · 2014 · English. Addendum, 18 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 SENIOR CERTIFICATE EXAMINATION CENTRE NUMBER EXAMINATION NUMBER ACCOUNTING HIGHER GRADE 2014 ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 17 pages. 3 Copyright reserved Please turn over ### Page 2 Downloaded from hlayiso.com ### Page 3 Downloaded from hlayiso.com Accounting/HG 2 DBE/2014 SCE – Answer Book QUESTION 1 1.1 CASH RECEIPTS JOURNAL OF CHUTA TRADERS FOR MAY 2014 CRJ 5 DOC SUNDRY DAY DETAILS BANK FOL DETAILS NO. ACCOUNTS 30 Total 33 890 33 890 12 1.1 CASH PAYMENTS JOURNAL OF CHUTA TRADERS FOR MAY 2014 CPJ 5 DOC SUNDRY DAY DETAILS BANK FOL DETAILS NO. ACCOUNTS 30 Total 41 310 41 310 24 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting/HG 3 DBE/2014 SCE – Answer Book 1.2 Dr GENERAL LEDGER OF CHUTA TRADERS Cr BANK 9 1.3 BANK RECONCILIATION STATEMENT OF CHUTA TRADERS ON 31 MAY 2014 15 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting/HG 4 DBE/2014 SCE – Answer Book 1.4 Give TWO reasons why it is important for all businesses to draw up a Bank Reconciliation Statement every month. Give a detailed explanation for each reason. 6 TOTAL MARKS 66 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting/HG 5 DBE/2014 SCE – Answer Book QUESTION 2 2.1 Dr GENERAL LEDGER OF BROWNHEAD CC Cr MEMBERS' CONTRIBUTION 10 2.2 Dr LOAN TO WHITEHEAD Cr 8 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting/HG 6 DBE/2014 SCE – Answer Book 2.3 Dr DISTRIBUTION PAYABLE TO MEMBERS Cr 7 2.4 Dr South African Revenue Services – INCOME TAX Cr 12 2.5 Dr DISTRIBUTION TO MEMBERS Cr 4 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting/HG 7 DBE/2014 SCE – Answer Book 2.6 Dr APPROPRIATION ACCOUNT Cr 9 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting/HG 8 DBE/2014 SCE – Answer Book QUESTION 3 3.1 DEBTORS' COLLECTION SCHEDULE FOR TRAVEL TRADERS FOR APRIL AND MAY 2014 APRIL MAY Credit Sales R R February March April May 14 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting/HG 9 DBE/2014 SCE – Answer Book 3.2 CASH BUDGET FOR THE TWO MONTHS APRIL AND MAY 2014. APRIL MAY R R CASH RECEIPTS Cash sales Collection of debtors CASH PAYMENTS Surplus/Shortfall Balance of bank at the beginning of the month Balance of bank at the beginning of the month 45 TOTAL MARKS 59 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com Accounting/HG 10 DBE/2014 SCE – Answer Book QUESTION 4 4.1 Dr ASSET DISPOSAL ACCOUNT Cr 6 4.2 NOTE FOR FIXED ASSETS Land and Equipment Vehicles building Carrying value at beginning of year Cost 375 600 437 600 Accumulated depreciation (0) (153 280) (133 060) Movements Additions Disposals Depreciation 29 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com Accounting/HG 11 DBE/2014 SCE – Answer Book 4.3.1 RECONCILIATION BETWEEN PROFIT BEFORE TAXATION AND CASH GENERATED BY OPERATIONS. Profit before taxation Cash generated 12 4.3.2 DIVIDENDS PAID Amount in financial statements Balance at the beginning Balance at the end Amount paid 7 4.3.3 INCOME TAX PAID Amount in financial statements Balance at the beginning Balance at the end Amount paid 7 Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com Accounting/HG 12 DBE/2014 SCE – Answer Book 4.4 CALCULATE THE NUMBER OF ORDINARY SHARES THAT WERE ISSUED ON 1 MARCH 2013. 4 4.5.1 CALCULATE THE ACID TEST RATIO 5 4.5.2 CALCULATE THE DEBT-EQUITY RATIO 5 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com Accounting/HG 13 DBE/2014 SCE – Answer Book 4.5.3 AVERAGE PERIOD (IN DAYS) FOR WHICH THERE IS ENOUGH STOCK ON HAND. 5 4.5.4 CALCULATE THE RETURN ON AVERAGE SHAREHOLDERS' EQUITY. 5 4.6 Do you think it will be wise for Melissant Traders to take out an additional loan of R200 000 to expand her business? In your answer refer to the debt-equity ratio and discuss how the R200 000 loan will impact on the risk. Show necessary calculations. 5 TOTAL MARKS 90 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com Accounting/HG 14 DBE/2014 SCE – Answer Book QUESTION 5 5.1.1 CAPITAL ACCOUNTS BOTHA NAAS TOTAL Balance at the beginning 10 5.1.2 CURRENT ACCOUNTS BOTHA NAAS TOTAL 26 Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com Accounting/HG 15 DBE/2014 SCE – Answer Book 5.2. Do you think it is advantageous for the partnership to engage the services of partner N Naas on a full-time basis and allow the bookkeeper, Ms N Shabalala to retire on pension? Give TWO reasons for your answer. Fully explain your answer by quoting figures and calculations you have done on whether the partnership will benefit or not. 9 5.3 No. Account debit Account credit A OE L 5.3.1 5.3.2 5.3.3 5.3.4 5.3.5 30 TOTAL MARKS 75 Copyright reserved Please turn over ### Page 17 Downloaded from hlayiso.com Accounting/HG 16 DBE/2014 SCE – Answer Book QUESTION 6 6.1 Dr GENERAL LEDGER OF FARAWAY RUNNING CLUB Cr MEMBERSHIP FEES ACCOUNT 18 Copyright reserved Please turn over ### Page 18 Downloaded from hlayiso.com Accounting/HG 17 DBE/2014 SCE – Answer Book 6.2 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2013 INCOME EXPENSES 42 TOTAL MARKS 60 Copyright reserved ## Related documents - [Accounting (HG) (English) June 2012 QP](https://www.hlayiso.com/library/accounting-hg-english-june-2012-qp/81b5f77d-fe0d-4622-8441-ac94f8fcef68) — Accounting · QP · 2012 · Eng - [Accounting (SG) (English) June 2012 QP](https://www.hlayiso.com/library/accounting-sg-english-june-2012-qp/84210b50-6e7d-483e-bf17-b2651d19f5cf) — Accounting · QP · 2012 · Eng - [ACCOUNTING P1 GR12 ANSWERBOOK JUNE 2022 English](https://www.hlayiso.com/library/accounting-p1-gr12-answerbook-june-2022-english/3f567dee-27d7-45f0-b356-dc5d1a094a3a) — Accounting · Addendum · 2022 · Eng - [ACCOUNTING P2 GR12 ANSWERBOOK SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-answerbook-sept2020-english/7c7795c6-891d-43ba-bdd7-60bcccc8c166) — Accounting · Addendum · 2020 · Eng - [Grade 12 NSC Accounting (English) Answer Book 2015 Prepartory Examination Answer Book](https://www.hlayiso.com/library/grade-12-nsc-accounting-english-answer-book-2015-prepartory-examination-answer-book/1504bb7f-526b-44e4-991e-b308973bbfca) — Accounting · Addendum · 2015 · Eng - [ACCOUNTING ANSWER BOOK 26 .5 .14 D](https://www.hlayiso.com/library/accounting-answer-book-26-5-14-d/6ebe92f4-f615-4ca3-8569-bf1e32af1c92) — Accounting · Addendum · 2014 ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [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 GR12 QP JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-eng-d-watermark/84d92eb0-f5bd-4442-bb6d-c55cdc52e25d) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR12 JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr12-jct-2025-eng-d-watermark/13425f71-aba6-4328-b084-d9b108884315) — QP · 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 - [Accounting Grade 12 NSC MEMO P1 May June 2025 Limpopo](https://www.hlayiso.com/library/accounting-grade-12-nsc-memo-p1-may-june-2025-limpopo/4bc5dfae-35c0-4acd-83c3-4b53266a3680) — Memo · 2025 ## 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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