# Accounting Grade 12 NSC June 2019 Addendum (English) > Grade 12 Accounting addendum from the NSC June Exam 2019 (English), 15 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-may-june-2019-answer-book-eng/94e0c1f2-d6db-448c-b180-bffdfaea7715 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2019 - Exam period: NSC June Exam - Curriculum: CAPS - Pages: 15 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 2019 Addendum (English)](https://www.hlayiso.com/library/accounting-may-june-2019-answer-book-eng/94e0c1f2-d6db-448c-b180-bffdfaea7715) ## About this document Accounting · Grade 12 · NSC June Exam · 2019. Addendum, 15 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 STICKER CENTRE NUMBER EXAMINATION NUMBER SENIOR CERTIFICATE EXAMINATIONS/ NATIONAL SENIOR CERTIFICATE EXAMINATIONS ACCOUNTING GRADE 12 2019 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 15 pages. Copyright reserved Please turn over ### Page 2 Downloaded from hlayiso.com Accounting 2 DBE/2019 SC/NSC – Answer Book QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 4 1.2 Calculate the amount receivable from or payable to SARS for VAT on 30 April 2019. Workings Answer Receivable/Payable: 11 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com Accounting 3 DBE/2019 SC/NSC – Answer Book 1.3 BANK RECONCILIATION 1.3.1 Calculate the correct Bank Account balance on 31 May 2019. Provisional Bank balance R19 400 Favourable/Unfavourable: 9 1.3.2 Bank Reconciliation Statement on 31 May 2019 DEBIT CREDIT 7 1.3.3 State TWO internal control measures that the business can use to ensure that this will not happen in the future. 4 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting 4 DBE/2019 SC/NSC – Answer Book QUESTION 2 2.1 2.1.1 2.1.2 2.1.3 3 2.2 PHOTO-FIX TRADERS 2.2.1 Calculate: Value of closing stock of cameras Workings Answer 9 2.2.2 Value of closing stock of photo frames Workings Answer 8 2.2.3 The owner suspects that photo frames are being stolen. Provide a calculation to confirm his suspicions. Workings Answer 5 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting 5 DBE/2019 SC/NSC – Answer Book 2.2.4 Tom is thinking of employing an assistant at a wage of R3 500 per month to control the stock of photo frames. Explain why this is NOT a good idea. Provide TWO points with figures/calculations. Explanation Figures Point 1 Point 2 6 2.3 MANAGEMENT OF INVENTORIES Product Problem Solution Cupboards Tables Chairs 9 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting 6 DBE/2019 SC/NSC – Answer Book QUESTION 3 3.1 3.1.1 3.1.2 3.1.3 3.1.4 4 3.2.1 Calculate: The value of the closing stock using the first-in-first-out stock valuation method Workings Answer 5 Calculate: Direct material cost  Workings Answer  4 3.2.2 Factory overhead cost TOTAL b/f 84 330 8 3.2.3 Provide evidence (figures) to justify his concern. In each case, also give a possible reason for the increase in EACH unit cost, apart from normal inflation. COST EVIDENCE REASON Total fixed cost per unit Direct labour cost per unit 6 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting 7 DBE/2019 SC/NSC – Answer Book 3.2.4 Calculate the break-even point on 31 December 2018. Workings Answer 4 Explain whether or not there was any improvement in the trends of the level of production and the break-even point from one year to the next. Quote figures. 4 The owner cannot understand why he is making a better profit this year. Explain how this happened. Provide TWO points. Quote figures. 5 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting 8 DBE/2019 SC/NSC – Answer Book QUESTION 4 4.1 4.1.1 4.1.2 4.1.3 4.1.4 4 4.2 AUDIT REPORT 4.2.1 Choose the correct word from those given in brackets. Give ONE reason. 3 4.2.2 Give ONE reason why the Companies Act requires public companies to be audited by an independent auditor. 2 4.2.3 Newspaper reports have indicated that Kego and Murray Associates have been found guilty of misconduct in terms of audit work done at several large firms. Explain how this may influence shareholders of Everest Ltd. State TWO points. 4 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting 9 DBE/2019 SC/NSC – Answer Book 4.3 MVVS LTD 4.3.1 Statement of Comprehensive Income (Income Statement) for the year ended 31 March 2019 Sales Cost of sales Gross profit Operating income Rent income 99 500 Gross operating income Operating expenses Directors' fees 1 262 100 Water and electricity 218 000 Telephone 75 600 Audit fees 104 000 Sundry expenses 61 001 Operating profit Interest income Profit before interest expense Interest expense Net profit before tax 691 000 Income tax Net profit after tax 53 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting 10 DBE/2019 SC/NSC – Answer Book 4.3.2 NOTES TO THE BALANCE SHEET Fixed/Tangible Assets Land and Vehicles Equipment buildings Carrying value at beginning 12 500 000 275 000 280 500 of financial year Cost 12 500 000 750 000 398 000 Accumulated depreciation - (475 000) (117 500) Movements Additions at cost - - Disposals at carrying value - - Depreciation - (94 250) Carrying value at end of 12 500 000 financial year Cost 12 500 000 1 377 000 Accumulated depreciation - 8 Ordinary share capital Authorised: 8 000 000 shares Issued: 1 200 000 shares in issue at beginning 6 TOTAL MARKS 80 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com Accounting 11 DBE/2019 SC/NSC – Answer Book QUESTION 5 5.1 5.1.1 5.1.2 5.1.3 5.1.4 4 5.2 KULFI LTD 5.2.1 RETAINED INCOME NOTE: Balance on 1 March 2018 Net profit after tax Ordinary share dividends Balance on 28 February 2019 12 5.2.2 Calculate: Income tax paid Workings Answer 4 Calculate: Dividends paid Workings Answer 4 5.2.3 Cash effects of investing activities 9 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com Accounting 12 DBE/2019 SC/NSC – Answer Book Net change in cash and cash equivalents 4 5.2.4 Calculate: Acid-test ratio Workings Answer 4 Calculate: Debt-equity ratio Workings Answer 4 Calculate: % return on average shareholders' equity (ROSHE) Workings Answer 5 5.2.5 The shareholders are satisfied with the improvement in the liquidity position. Quote THREE financial indicators (with figures) to support this statement. 6 5.2.6 The company increased the share capital by R840 000, and the loan by R550 000. Explain how this affected the gearing and risk of the company. Quote TWO financial indicators. 5 Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com Accounting 13 DBE/2019 SC/NSC – Answer Book Explain what the directors have done with this cash inflow. State TWO points. 4 5.2.7 Provide calculations to show the change in the pay-out rate. 4 Give ONE reason why many shareholders were satisfied with the change in policy. Quote figures. 2 5.2.8 Explain how the repurchase of the shares benefited Martha's shareholding. Quote figures. 4 TOTAL MARKS 75 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com Accounting 14 DBE/2019 SC/NSC – Answer Book QUESTION 6 6.1 Identify TWO items in the Cash Budget that will not appear in a Projected Income Statement. 2 6.2 (i) Calculate: Rent income, June 2019 Workings Answer (ii) Calculate: Fixed deposit: Protea Bank, July 2019 Workings Answer (iii) Calculate: Cash purchases of trading stock, July 2019 Workings Answer 7 6.3 Calculate the total purchases for April 2019. Workings Answer 2 6.4 DEBTORS' COLLECTION SCHEDULE CREDIT SALES JUNE JULY MAY 576 000 374 400 JUNE 159 030 JULY 855 000 TOTAL 533 430 8 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com Accounting 15 DBE/2019 SC/NSC – Answer Book 6.5.1 Comment on the following (provide figures): Effect of the advertising on sales 3 Payment to creditors 2 6.5.2 Identify TWO strategies (except advertising) that the business used to achieve sales targets for May 2019. Quote figures. 4 Explain whether these were good strategies, or not. Provide ONE point with figures. 2 TOTAL MARKS 30 TOTAL: 300 Copyright reserved ## Related documents - [Accounting May June 2019 Answer Book Afr](https://www.hlayiso.com/library/accounting-may-june-2019-answer-book-afr/d2ef1963-f26e-4547-bf51-2b6a5937fffd) — Accounting · Addendum · 2019 · Afr - [Accounting May June 2019 Memo Afr](https://www.hlayiso.com/library/accounting-may-june-2019-memo-afr/ed486733-40e7-4e41-b644-90581e5e113f) — Accounting · Memo · 2019 · Afr - [Accounting Answer Book June 2019 Eng](https://www.hlayiso.com/library/accounting-answer-book-june-2019-eng/f0337e26-60ca-46dd-91c2-7c1abed76045) — Accounting · Addendum · 2019 · Eng - [Accounting P1 May June 2022 Answer Book Eng](https://www.hlayiso.com/library/accounting-p1-may-june-2022-answer-book-eng/c02aee4a-9feb-4a3f-93b7-18c217a78d57) — Accounting · Addendum · 2022 · Eng - [Accounting May June 2018 Answer Book Eng](https://www.hlayiso.com/library/accounting-may-june-2018-answer-book-eng/f6a5c390-ef4d-4994-b38c-6fc1696cfc25) — Accounting · Addendum · 2018 · Eng - [Accounting May June 2017 Answer Book Eng](https://www.hlayiso.com/library/accounting-may-june-2017-answer-book-eng/80214f65-7758-4efc-a0bf-bfb782a0fb3d) — Accounting · Addendum · 2017 · Eng ## 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 AFR D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-afr-d-watermark/c6a5692b-3cb0-464b-bb82-67d6ce83bfdd) — QP · 2025 · Afr - [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 (Afrikaans) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-afrikaans-june-2025-possible-answers/2f10559b-54d6-47f4-9fc2-b2efc62644c4) — Memo · 2025 · Afr ## 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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