# Accounting Grade 12 P1 GP Prelim 2023 Addendum (English) > Grade 12 Accounting Paper 1 addendum from the GP Prelim 2023 (English), 12 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p1-english-answer-book/8ac563ef-38eb-4c4e-9c38-9dd0410b9acf - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2023 - Exam period: GP Prelim - Paper: 1 - Curriculum: CAPS - Pages: 12 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 P1 GP Prelim 2023 Addendum (English)](https://www.hlayiso.com/library/accounting-p1-english-answer-book/8ac563ef-38eb-4c4e-9c38-9dd0410b9acf) ## About this document Accounting · Grade 12 · GP Prelim · 2023 · English. Addendum, 12 pages. Read online or download the PDF. 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Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com PREPARATORY EXAMINATION 2023 10711 ACCOUNTING PAPER 1 ANSWER BOOK 11 pages NAME OF SCHOOL: NAME OF LEARNER: LEARNER’S QUESTION TOPIC MARKS MARKS Retained Income Note and Statement of 1 55 Financial Position 2 Cash Flow Statement and Financial Indicators 45 3 Interpretation of Financial Statements 35 4 Corporate Governance 15 TOTAL 150 P.T.O. ### Page 2 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 2 (PAPER 1) 10711/23 QUESTION 1 1.1 Calculate: Value of closing stock WORKINGS ANSWER 5 1.2 (i) Calculate: Accumulated depreciation on vehicles WORKINGS ANSWER 2 (ii) Calculate: Depreciation on equipment for the year WORKINGS ANSWER 5 (iii) Calculate: Disposal at carrying value on vehicles WORKINGS ANSWER 5 1.3 RETAINED INCOME NOTE ON 30 JUNE 2023 Balance at beginning of the year Ordinary share dividends (440 000) Balance at the end of the year 1 045 000 10 P.T.O. ### Page 3 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 3 (PAPER 1) 10711/23 1.4 Statement of Financial Position on 30 June 2023 ASSETS NON-CURRENT ASSETS Fixed deposit 582 000 CURRENT ASSETS TOTAL ASSETS EQUITY AND LIABILITIES ORDINARY SHAREHOLDERS' EQUITY 2 800 000 Ordinary share capital 1 755 000 Retained income 1 045 000 NON-CURRENT LIABILITIES Mortgage loan CURRENT LIABILITIES TOTAL EQUITY AND LIABILITIES 28 MARKS 55 P.T.O. ### Page 4 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 4 (PAPER 1) 10711/23 QUESTION 2 2.1 2.1.1 2.1.2 2.1.3 3 2.2.1 Calculate: Inventory amount at the end of the financial year WORKINGS ANSWER 2 Calculate: Income tax paid WORKINGS ANSWER 4 Calculate: Dividends paid WORKINGS ANSWER 3 Calculate: Purchase of fixed assets WORKINGS ANSWER 5 P.T.O. ### Page 5 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 5 (PAPER 1) 10711/23 2.2.2 CASH EFFECTS OF FINANCING ACTIVITIES 8 2.2.3 NET CHANGE IN CASH AND CASH EQUIVALENTS 6 2.2.4 Calculate: % net profit before tax on sales WORKINGS ANSWER 3 Calculate: Current ratio WORKINGS ANSWER 3 Calculate: Dividends per share WORKINGS ANSWER 4 P.T.O. ### Page 6 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 6 (PAPER 1) 10711/23 Calculate: % returns on shareholders’ equity WORKINGS ANSWER 4 MARKS 45 P.T.O. ### Page 7 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 7 (PAPER 1) 10711/23 QUESTION 3 3.1.1 Cruz has been concerned about the company’s working capital over the years. He proposed a new approach to the directors of converting assets into cash quickly. Quote TWO financial indicators and explain why his concern is justified. 4 3.1.2 A shareholder has proposed that Cruz acquires a loan from his wife, who is a bank consultant. Cruz did not agree with the proposal. Explain why you agree with Cruz. Quote TWO financial indicators. 6 3.1.3 Provide a calculation which validates their decision. 4 Give ONE reason why they took this decision. 2 P.T.O. ### Page 8 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 8 (PAPER 1) 10711/23 3.1.4 Comment on the % returns and earnings per share of the company. (a) Quote TWO financial indicators with figures. 4 (b) Comment on the share price on the JSE and how the % returns and earnings per share have affected the share price. Quote figures. 2 3.1.5 State TWO different points to justify their concern. Quote figures (a) and financial indicators. POINT 1: POINT 2: 4 P.T.O. ### Page 9 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 9 (PAPER 1) 10711/23 (b) Explain why the other directors were unhappy with the price paid for the shares repurchased from Cruz. State TWO points. Quote financial indicators and figures to support EACH point. POINT 1: POINT 2: 4 (c) Provide a calculation and comment on whether the repurchase of these shares affected Cruz's shareholding status or not. WORKINGS ANSWER COMMENT: 3 (d) Explain why the public was not interested in buying the new shares issued at R7,90 per share. Quote ONE financial indicator with a trend. (excluding EPS AND ROSHE). 2 MARKS 35 P.T.O. ### Page 10 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 10 (PAPER 1) 10711/23 QUESTION 4 4.1 Provide TWO key functions for which the Human Resources Division may be responsible. 2 List TWO qualities that they may consider in a prospective candidate for a management position. 2 Explain the role of a CEO in a company. 2 What impact would the image of the company have on the market price of shares? Explain ONE point. 2 P.T.O. ### Page 11 Downloaded from hlayiso.com ACCOUNTING ANSWER BOOK 11 (PAPER 1) 10711/23 4.2 Provide TWO possible questions that a concerned stakeholder may have raised with the Human Resources Division at the meeting. 2 Explain ONE strategy that Mangray Ltd can use to involve its employees in collective decision-making. Provide a reason for your answer. 3 “Good corporate governance helps companies to thrive and compete.” Provide TWO points to show why you agree with this statement. 2 MARKS 15 TOTAL: 150 END ### Page 12 PREPARATORY EXAMINATION 2023 10711 ACCOUNTING PAPER 1 ANSWER BOOK 11 pages Downloaded from hlayiso.com ## Related documents - [ACCOUNTING P1 GR12 MEMO JUNE 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-memo-june-2023-english/b15a4456-2317-4298-9022-fc735fdc6214) — Accounting · Memo · 2023 · Eng - [ACCOUNTING P1 GR12 AB JUNE 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-ab-june-2023-english/bd3063b8-4a97-4989-8498-a76ffb82e60a) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR12 QP SEPT 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept-2023-english/86b103e1-05b3-4ddd-9077-02c461ae7d17) — Accounting · QP · 2023 · 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 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 P2 QP GR12 SEPT 2023 English](https://www.hlayiso.com/library/accounting-p2-qp-gr12-sept-2023-english/eb464289-6949-44e1-9c80-4e527d6a3926) — Accounting · QP · 2023 · 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 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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