# Accounting Grade 12 NSC November 2014 Addendum (English) > Grade 12 Accounting addendum from the NSC November Exam 2014 (English), 19 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-nov-2014-answer-book-eng/244cb9b6-a6ef-479f-b2e3-0d6cccc3e11f - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2014 - Exam period: NSC November Exam - Curriculum: CAPS - Pages: 19 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 2014 Addendum (English)](https://www.hlayiso.com/library/accounting-nov-2014-answer-book-eng/244cb9b6-a6ef-479f-b2e3-0d6cccc3e11f) ## About this document Accounting · Grade 12 · NSC November Exam · 2014. Addendum, 19 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 2014 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 19 pages. Copyright reserved Please turn over ### Page 2 Downloaded from hlayiso.com Accounting 2 DBE/November 2014 NSC – Answer Book QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 4 1.2 Calculate the final amount payable to SARS on 31 July 2014. 9 1.3 1.3.1 Calculate the total amount paid for carriage on the purchases on 11 June 2014. 4 1.3.2 Calculate the value of the closing stock on 30 June 2014 using the weighted-average method. 8 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com Accounting 3 DBE/November 2014 NSC – Answer Book 1.3.3 Explain the effect that this will have on the gross profit. ONE valid reason for changing the stock valuation method: ONE valid reason against changing the stock valuation method: 6 1.3.4 Harry is concerned about the control of his stock of blazers. He has sold 2 900 blazers during the year. Give a calculation to support his concern. 4 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting 4 DBE/November 2014 NSC – Answer Book QUESTION 2 2.1 The bookkeeper, Litzie, says it is not necessary for her to prepare a Creditors' Reconciliation Statement because the creditors send monthly statements to the business anyway. What would you say to her? State TWO points. 4 2.2 No. Creditors' Ledger of Statement of account KZ Stores received from Valley Ltd Balance 112 820 182 150 A – 9 000 – 9 000 B C D E F G H 16 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting 5 DBE/November 2014 NSC – Answer Book 2.3 2.3.1 Explain what action should be taken against J van Wyk. State TWO points. 4 2.3.2 What must the business do to prevent a similar incident in future? Explain THREE points. 6 TOTAL MARKS 30 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting 6 DBE/November 2014 NSC – Answer Book QUESTION 3 3.1 3.1.1 SHARE CAPITAL AUTHORISED SHARE CAPITAL 750 000 ordinary shares ISSUED SHARE CAPITAL Ordinary shares in issue on ________ 1 March 2013 Ordinary shares issued during the 80 000 year Ordinary shares re-purchased (75 000) (average price of _______) Ordinary shares in issue on ________ 9 28 February 2014 3.1.2 RETAINED INCOME Balance on 1 March 2013 322 500 Ordinary share dividends Balance on 28 February 2014 11 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting 7 DBE/November 2014 NSC – Answer Book 3.2 VIJAY LIMITED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) ON 28 FEBRUARY 2014 ASSETS Non-current assets Financial asset: Fixed deposit 650 000 Current assets Inventories 275 400 Trade and other receivables Cash and cash equivalents 336 600 TOTAL ASSETS EQUITY AND LIABILITIES Shareholders' equity Non-current liabilities Current liabilities TOTAL EQUITY AND LIABILITIES 26 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting 8 DBE/November 2014 NSC – Answer Book 3.3 Calculate the return on average shareholders' equity for 2014. 5 3.4 From 2013 to 2014 the directors made a deliberate decision to change the policy on the distribution of profits in the form of dividends. Comment on this change. Quote financial indicators or figures to support your answer. 4 3.5 Comment on whether the shareholders should be satisfied with the percentage return and the market price of their shares. Quote TWO relevant financial indicators (actual figures/ratios/percentages) and their trends. Give an additional comment in each case. 6 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting 9 DBE/November 2014 NSC – Answer Book 3.6 The external auditors, Hassan and Jacob, have employed Janet to work on the audit of Vijay Ltd. Janet owns 10 000 shares in Vijay Ltd. Explain why this is a problem. Give a valid solution. 4 TOTAL MARKS 65 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting 10 DBE/November 2014 NSC – Answer Book QUESTION 4 4.1 Calculate the missing amounts (indicated by a, b and c) in the Fixed/Tangible Asset Note for the year ended 28 February 2014. NO. WORKINGS AMOUNT a b c 12 4.2 METEOR SUPERMARKETS LTD CASH FLOW STATEMENT FOR YEAR ENDED 28 FEBRUARY 2014 Cash flow from operating activities Cash generated from operations 969 600 Interest paid (88 500) Cash flow from investing activities Cash flow from financing activities Net change in cash and cash equivalents Cash and cash equivalents at beginning of year 2 488 000 Cash and cash equivalents at end of year 31 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com Accounting 11 DBE/November 2014 NSC – Answer Book 4.3 At the AGM, a shareholder stated that the Cash Flow Statement reflects poor decisions by the directors. Explain TWO points, with relevant figures, to support his opinion. Point 1: Point 2: 4 4.4 4.4.1 Calculate the net asset value per share for 2014. 3 4.4.2 Calculate the debt-equity ratio for 2014. 3 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com Accounting 12 DBE/November 2014 NSC – Answer Book 4.5 Comment on the liquidity position of the company. Quote THREE relevant financial indicators (actual figures/ratios/percentages) and their trends. Financial indicator 1 and trend: Financial indicator 2 and trend: Financial indicator 3 and trend: General comment: 9 4.6 The directors decided to increase the loan during the current financial year. Quote TWO financial indicators (actual figures/ ratios/percentages) that are relevant to their decision. Explain why this was a good decision, or not. Financial indicator 1: Financial indicator 2: Explanation: 8 Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com Accounting 13 DBE/November 2014 NSC – Answer Book 4.7 The Bakker family owns 740 000 shares in this company. Explain the effect that the repurchase of shares on 31 December 2013 had on their control of the company. Give a calculation(s) to support your answer. 5 TOTAL MARKS 75 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com Accounting 14 DBE/November 2014 NSC – Answer Book QUESTION 5 5.1 List FOUR items that should not have been placed in this Cash Budget. 4 5.2 CREDITORS' PAYMENT SCHEDULE CREDIT MONTH OCTOBER NOVEMBER DECEMBER PURCHASES August 64 000 9 600 September 67 200 50 400 10 080 October 74 000 7 030 55 500 * November 68 000 6 460 * December * * 67 030 72 040 * 9 5.3 5.3.1 Calculate the total sales for September 2014. 3 5.3.2 Calculate the percentage increase in rent income in December 2014. 3 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com Accounting 15 DBE/November 2014 NSC – Answer Book 5.3.3 Calculate the salaries and wages amount for December 2014. 3 5.3.4 Calculate the rate of interest on the loan. 4 5.4 5.4.1 Calculate the period for which enough stock is on hand (in days) on 30 September 2014. Explain whether this is appropriate for the business. 6 5.4.2 Calculate the mark-up percentage achieved for the year ended 30 September 2014. 4 Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com Accounting 16 DBE/November 2014 NSC – Answer Book 5.4.3 Comment on whether or not the change in the mark-up percentage has benefited the business. Give a calculation(s) to support your opinion. 4 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 17 Downloaded from hlayiso.com Accounting 17 DBE/November 2014 NSC – Answer Book QUESTION 6 6.1 BRIAN'S BRELLIES 6.1.1 Calculate the direct labour cost. 5 6.1.2 FACTORY OVERHEAD COST Sundry factory expenses 30 975 19 6.1.3 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 31 JULY 2014 Direct material cost 623 700 Prime cost Total production cost Cost of production of finished goods 10 Copyright reserved Please turn over ### Page 18 Downloaded from hlayiso.com Accounting 18 DBE/November 2014 NSC – Answer Book 6.2 BEN'S CATERING 6.2.1 Identify ONE unit cost for doughnuts and TWO unit costs for pies that were major problems in 2014, considering that the inflation rate was 5%. ONE unit cost for doughnuts Problem and advice (Quote figures.) Possible cause of the problem: Advice: TWO unit costs for pies Problem and advice (Quote figures.) Possible cause of the problem: Advice: Possible cause of the problem: Advice: 12 Copyright reserved Please turn over ### Page 19 Downloaded from hlayiso.com Accounting 19 DBE/November 2014 NSC – Answer Book 6.2.2 Calculate the number of extra doughnuts he must produce and sell to make an additional profit of R15 000. Assume that the unit costs and selling price for 2014 remain unchanged. 4 6.2.3 Name the product which has been negatively affected by the new competitor. Comment on how this would have affected the net profit on this product. 5 TOTAL MARKS 55 TOTAL: 300 Copyright reserved ## Related documents - [Accounting Nov 2014 Answer Book Afr](https://www.hlayiso.com/library/accounting-nov-2014-answer-book-afr/2ee1a360-1246-4e7c-8ba2-c5b341079807) — Accounting · Addendum · 2014 · Afr - [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 - [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 ## 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. When citing, link the page URL above, not a PDF or /api/ URL.