# Accounting Grade 12 NSC November 2013 Addendum (English) > Grade 12 Accounting addendum from the NSC November Exam 2013 (English), 18 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-nov-2013-answer-book-eng/5f8fbbcc-8376-4b64-a3d5-83b71d85d621 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2013 - Exam period: NSC November Exam - 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 November 2013 Addendum (English)](https://www.hlayiso.com/library/accounting-nov-2013-answer-book-eng/5f8fbbcc-8376-4b64-a3d5-83b71d85d621) ## About this document Accounting · Grade 12 · NSC November Exam · 2013. 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 CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING GRADE 12 NOVEMBER 2013 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 18 pages. Copyright reserved Please turn over ### Page 2 Downloaded from hlayiso.com Accounting 2 DBE/November 2013 NSC – Answer Book QUESTION 1 1.1 CONCEPTS Choose the correct word(s) from those given in brackets. Write only the word(s) next to the question number (1.1.1–1.1.3). 1.1.1 1.1.2 1.1.3 6 1.2 COMPANY TRANSACTIONS Use the table provided to indicate the following for each transaction: • Account debited and account credited in the General Ledger • Effect on the accounting equation The bank balance is favourable at all times. ACCOUNT ACCOUNT NO. AMOUNT A O L DEBITED CREDITED e.g. Directors' Fees Bank 145 000 − − 0 1.2.1 37 400 1.2.2 180 000 1.2.3 55 000 12 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com Accounting 3 DBE/November 2013 NSC – Answer Book 1.3 DEBTORS' RECONCILIATION 1.3.1 CORRECTIONS TO THE DEBTORS' CONTROL ACCOUNT Current Debtors' Control Account balance 20 100 A. B. C. D. E. Correct Debtors' Control Account balance 7 1.3.2 DEBTORS' LIST ON 30 SEPTEMBER 2013 T Stoffels (3 800 E Khune (7 400 S Mashele (–1 900 M Devnarain (10 600 Correct total of Debtors' List 10 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting 4 DBE/November 2013 NSC – Answer Book QUESTION 2 2.1 Choose a cost category from COLUMN B that matches a description in COLUMN A. Write only the letter (A–D) next to the question number (2.1.1–2.1.4). 2.1.1 2.1.2 2.1.3 2.1.4 8 2.2 2.2.1 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 31 AUGUST 2013 Direct material cost Direct labour cost 985 600 PRIME COST Factory overhead cost 94 980 TOTAL MANUFACTURING COST Work-in-process (1 September 2012) 12 420 Work-in-process (31 August 2013) COST OF PRODUCTION OF FINISHED GOODS 8 FACTORY OVERHEAD COST Indirect material 7 360 Indirect labour 22 230 Depreciation of factory plant 8 630 Rent expense Water and electricity Sundry expenses 94 980 5 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting 5 DBE/November 2013 NSC – Answer Book 2.2.2 The internal auditor is not satisfied with the direct labour cost for the year. Explain the problem relating to the direct labour cost and quote figures to support your explanation. 3 Give TWO possible solutions to this problem. Solution 1 Solution 2 4 2.3 2.3.1 Calculate the number of units that Sally needed to produce in order to break even in 2013. 4 2.3.2 Comment on the number of bags she is producing. Quote figures or financial indicators to support your answer. Refer to the break-even calculation in your answer. 3 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting 6 DBE/November 2013 NSC – Answer Book QUESTION 3 3.1 Give ONE word/term for each of the descriptions by choosing a word/term from the list. Write only the word/term next to the question number (3.1.1–3.1.4). 3.1.1 3.1.2 3.1.3 3.1.4 8 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting 7 DBE/November 2013 NSC – Answer Book 3.2 SELATI LIMITED 3.2.1 INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2013 Sales Cost of sales (8 200 000) Gross profit Other income Gross operating profit Operating expenses (3 348 420) Salaries and wages Directors' fees Audit fees Employer's contribution (Pension and UIF) Operating profit Profit before interest expense Net profit before tax Net profit after tax 588 000 54 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting 8 DBE/November 2013 NSC – Answer Book 3.2.2 NOTE FOR RETAINED INCOME Balance at the beginning of the year 735 000 Net profit after tax Balance at the end of the year 7 3.3 AUDIT REPORT As a shareholder, why would you be concerned about this audit report? Explain. State THREE points. Point 1 Point 2 Point 3 6 TOTAL MARKS 75 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting 9 DBE/November 2013 NSC – Answer Book QUESTION 4 4.1 Refer to Information 8 regarding the special programmes that are published with the financial statements in the annual report. 4.1.1 Main benefit of crime prevention programme for the company: Main benefit of training programme for the company: 4 4.1.2 Apart from the points mentioned above, why would the directors want to mention these programmes in the annual report? Explain. 2 4.2 CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013 CASH EFFECTS OF OPERATING ACTIVITIES Cash generated from operations Interest paid (168 000) Income tax paid A Dividends paid B CASH EFFECTS OF INVESTING ACTIVITIES (314 000) Fixed assets purchased (400 000) Proceeds from sale of fixed assets 86 000 CASH EFFECTS OF FINANCING ACTIVITIES Proceeds of shares issued C Increase/Decrease in loans D Net change in cash and cash equivalents E Cash and cash equivalents (1 March 2012) F Cash and cash equivalents (28 February 2013) 78 000 15 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting 10 DBE/November 2013 NSC – Answer Book 4.3 Calculate the following financial indicators for the financial year ending 28 February 2013: 4.3.1 Percentage net profit after tax on sales 3 4.3.2 Earnings per share 3 4.3.3 Debt-equity ratio 3 4.3.4 Return on average shareholders' equity (ROSHE) 5 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com Accounting 11 DBE/November 2013 NSC – Answer Book 4.4 The directors are of the opinion that the operating efficiency of the company has improved. Quote and explain TWO financial indicators (with figures) to support their opinion. 4 4.5 The shareholders are happy with their return, earnings and dividends. Quote and explain THREE financial indicators (with figures) to support their opinion. Comment on shareholders' return: Comment on earnings: Comment on dividends: 6 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com Accounting 12 DBE/November 2013 NSC – Answer Book 4.6 New shares were issued at the beginning of the financial year at R9,00 each. As an existing shareholder, would you be satisfied with this issue price? Yes/No: Quote TWO financial indicators (with figures) to explain your opinion: 5 4.7 A large loan repayment was made. Comment on whether this was a good idea or not. Quote TWO financial indicators (with figures) to support your comment. 4 Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com Accounting 13 DBE/November 2013 NSC – Answer Book 4.8 Apart from the dividends and the loan, what other major decisions by the directors are reflected in the Cash Flow Statement? State TWO major decisions and quote the relevant figures. Also explain how EACH of these decisions would benefit the company in future. Decision 1 (with figures) Explanation of benefit to company Decision 2 (with figures) Explanation of benefit to company 6 TOTAL MARKS 60 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com Accounting 14 DBE/November 2013 NSC – Answer Book QUESTION 5 5.1 Complete the following sentences by filling in the missing word(s). Write only the word(s) next to the question number (5.1.1–5.1.3). 5.1.1 The main purpose of preparing the Cash Budget is ... 2 5.1.2 ONE item in the Cash Budget that will not be reflected in a Projected Income Statement is ... 2 5.1.3 ONE item that will appear in a Projected Income Statement but not in a Cash Budget is ... 2 5.2 Calculate the missing figures in the Debtors' Collection Schedule and the Cash Budget indicated by A to H: CALCULATION ANSWER A B C D E F G H 22 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com Accounting 15 DBE/November 2013 NSC – Answer Book 5.3 Explain what you would say to Peter about each of the following items at the end of November, and give ONE point of advice in EACH case: EXPLANATION ADVICE Telephone Sundry expenses Rent income 6 5.4 In order to increase sales and the number of customers, Peter intends to advertise that credit limits for all credit customers will be increased to R35 000 and that new customers are welcome to open accounts during April. Give THREE points of advice to Peter in this regard. Point 1 Point 2 Point 3 6 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com Accounting 16 DBE/November 2013 NSC – Answer Book QUESTION 6 6.1 FIXED ASSETS 6.1.1 Calculate the missing figures indicated by A, B and C in the Fixed Asset Note: CALCULATION ANSWER A B C 9 6.1.2 LEDGER OF ULWAZI LTD ASSET DISPOSAL ACCOUNT 11 6.1.3 You are the internal auditor. State TWO concerns that you would voice in respect of the fixed assets with the board of directors. Explain in EACH case why you are concerned. CONCERN REASON 4 Copyright reserved Please turn over ### Page 17 Downloaded from hlayiso.com Accounting 17 DBE/November 2013 NSC – Answer Book 6.2 6.2.1 Value of closing stock according to the FIFO method on 31 July 2013. 7 6.2.2 Calculation of mark-up percentage (%) achieved on cost Calculation of stock holding period (use average stock in your calculation) 8 6.2.3 The business aims at a mark-up of 30% on cost. As the internal auditor, what would you investigate? Explain. State TWO points. 4 6.2.4 The stock holding period for 2012 was 30 days. Should Mohammed be satisfied with the stock holding period for 2013? Explain. Yes/No: Explanation: 3 Copyright reserved Please turn over ### Page 18 Downloaded from hlayiso.com Accounting 18 DBE/November 2013 NSC – Answer Book 6.3 Identify ONE problem with regard to each shop, quoting figures in identifying each problem. In EACH case, advise Sizwe on how to solve the problem. SHOP 1: THANDEKA Problem identified (with figures) Advice SHOP 2: DLUDLU Problem identified (with figures) Advice SHOP 3: SIPHO Problem identified (with figures) Advice 9 TOTAL MARKS 55 TOTAL: 300 Copyright reserved ## Related documents - [Accounting P1 Nov 2023 Answer Book Eng](https://www.hlayiso.com/library/accounting-p1-nov-2023-answer-book-eng/aaeb9a41-12fe-49c2-9ba7-37693926cbd5) — Accounting · Addendum · 2023 · Eng - [Accounting P1 Nov 2021 Answer Book Afr](https://www.hlayiso.com/library/accounting-p1-nov-2021-answer-book-afr/4f3e9f53-936c-4ad6-b22c-aebca5401cfe) — Accounting · Addendum · 2021 · Afr - [Accounting P1 NSC Nov 2020 Answer Book Afr](https://www.hlayiso.com/library/accounting-p1-nsc-nov-2020-answer-book-afr-2/f42d3e7f-93f7-42d0-9ab9-a62420582442) — Accounting · Addendum · 2020 · Afr - [Accounting P2 NSC Nov 2020 Answer Book Afr](https://www.hlayiso.com/library/accounting-p2-nsc-nov-2020-answer-book-afr-2/4cac0f65-ae9d-4da2-b413-d8c18d44450a) — Accounting · Addendum · 2020 · Afr - [Accounting Nov 2017 Answer Book Afr](https://www.hlayiso.com/library/accounting-nov-2017-answer-book-afr/577edd99-2c35-47d2-a46e-d92c45148ccb) — Accounting · Addendum · 2017 · Afr - [Accounting Nov 2015 Answer Book Eng](https://www.hlayiso.com/library/accounting-nov-2015-answer-book-eng/f3ace8a3-f0d8-4096-913e-36c72d4e4a3b) — Accounting · Addendum · 2015 · 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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