# Accounting Grade 12 P1 Eastern Cape Mock 2021 QP (Sesotho) > Grade 12 Accounting Paper 1 question paper from the Eastern Cape Mock Exam 2021 (Sesotho), 20 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-sesotho-eng-d/67104ac1-b88d-4c92-9856-01dd0060e5e7 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: Sesotho - Document type: Question paper - Year: 2021 - Exam period: Eastern Cape Mock Exam - Paper: 1 - Curriculum: CAPS - Pages: 20 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 Eastern Cape Mock 2021 QP (Sesotho)](https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-sesotho-eng-d/67104ac1-b88d-4c92-9856-01dd0060e5e7) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2021 · sesotho. Question paper, 20 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 Lebitso: NATIONAL SENIOR CERTIFICATE KEREITE YA 12 LOETSE 2021 ACCOUNTING BUKA YA DIKARABO MATSHWAO A MATSHWAO A POTSO MATSHWAO FUMANWENG LEKANYEDITSWENG 1 15 2 60 3 40 4 35 150 *acABSE1* Buka ena ya dikarabo e na le maqephe a 9. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING P1 (BUKA YA DIKARABO) (EC/LOETSE 2021) POTSO YA 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2 RAPOROTO YA BAHLAHLOBI BA DIBUKA 1.2.1 Hlwaya mofuta wa raporoto o be o hlalose hobaneng mofuta on awa repoto o ile wa ntshwa ke mohlahlobi wa dibuka. 2 1.2.2 Hlalosa dintlha tse PEDI hobaneng beng ba diabo bat la ngongorehiswa ke hore khampani e fumane raporoto ya mofuta ona. 4 1.2.3 CEO o kopile mohlahlobi wa dibuka ho hlophisa nyehelo ena e le ‘sundry expense’ le ho fetola maikutlo a tlhahlobo ka nepo. Fana ka mabaka a MABEDI hobaneng mohlahlobi wa dibuka a sa tlo dumellana le tlhahiso. 4 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 3 Downloaded from hlayiso.com (EC/LOETSE 2021) ACCOUNTING P1 (BUKA YA DIKARABO) 3 1.2.4 Ntle le ditaba tse boletsweng kahodimo, hlalosa hobaneng khampani e tla qoswa ka puso e mpe ya kgwebo. 2 MATSHWAO KAOFELA 15 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING P1 (BUKA YA DIKARABO) (EC/LOETSE 2021) POTSO YA 2 2.1 Setatemente sa Lekeno Lohle ka la 28 Hlakola 2021 Dithekiso Ditheko tsa dithekiso Profiti kaofela Lekeno le leng Ditheolelo tse fumanweng 14 000 Lekeno kaofela Ditjeho tsa tshebetso Ho putlama 86 010 Sundry expenses Profiti ya tshebetso Lekeno la tswala 23 400 Porofiti pele ho ditjeho tsa tswala Profiti pele ho lekgetho la lekeno Lekgetho la lekeno Profiti e salang kamora lekgetho 689 310 36 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 5 Downloaded from hlayiso.com (EC/LOETSE 2021) ACCOUNTING P1 (BUKA YA DIKARABO) 5 2.2 LEKENO LE BOLOKILWENG Balantshe ka la 1 Tlhakubele 2020 Porofiti e setseng kamora lekgetho 689 310 Phaello e tlwaelehileng ya diabo Phaello ya nakwana 126 000 Balantshe ka la 28 Hlakola 2021 7 2.3 KAROLO YA DIEKHWITHI LE DILAYABILITHI *bontsha diaetheme tsa bohlokwa ka thoko tlasa dilayabilithi tsa jwale EKHWITHI YA BENG BA DIABO Khapitale e tlwaelehileng ya diabo Lekeno le bolokilweng Dilayabilithi tseo e seng tsa jwale Dilayabilithi tsa jwale Kgwebo le tse ding tse lefellwang PALOYOHLE YA EKHWITHI LE DILAYABILITHI 17 MATSHWAO KAOFELA 60 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING P1 (BUKA YA DIKARABO) (EC/LOETSE 2021) POTSO YA 3 3.1 Bala tse latelang bakeng sa Setatemente sa Phallo ya Tjhelete (Cash Flow Statement ka la 31 Phato 2021: 3.1.1 Phetoho ho tse lefellwang (botsha tjhelete e kenang kapa tjhelete e tswang) DITSHEBETSO KARABO 4 3.1.2 Lekgetho la lekeno le lefilweng DITSHEBETSO KARABO 4 3.1.3 Phaello e lefilweng DITSHEBETSO KARABO 4 3.1.4 Tjhelete e tswang diabong DITSHEBETSO KARABO 5 3.1.5 Tjhelete e sebedisitsweng ho reka diabo hape DITSHEBETSO KARABO 3 3.1.6 Ho nyoloha ha tjhelete ya kadimo DITSHEBETSO KARABO 4 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 7 Downloaded from hlayiso.com (EC/LOETSE 2021) ACCOUNTING P1 (BUKA YA DIKARABO) 7 3.2 NET CHANGE TJHELETENG LE DITEKATEKANONG TSA TJHELETE Tjhelete le ditekatekano tsa tjhelete (balantshe e bulang) Tjhelete le ditekatekano tsa tjhelete (balantshe e kwalang) 3.3 3.3.1 Bala: reshio ya Diteko tsa Acid DITSHEBETSO KARABO 3 3.3.2 Bala: % ya kuno ho palohare ya ekhwiti ya beng ba diabo. DITSHEBETSO KARABO 5 3.3.3 Bala: Dividente ya reiti ditefo (%) DITSHEBETSO KARABO 4 MATSHWAO KAOFELA 40 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING P1 (BUKA YA DIKARABO) (EC/LOETSE 2021) POTSO YA 4 4.1 4.1.1 4.1.2 4.1.3 3 4.2.1 Hlwaya khampani e nang le boemo bo sebetsang hantle ba likhwidithi. Qotsa o hlalose ditshupiso tse THARO tsa ditjhelete ho tshehetsa kgetho ya hao. KHAMPANI: DITSHUPISO TSA DITJHELETE LE TLHALOSO: 6 4.2.2 Motsamaisi wa Green Ltd o na le maikutlo a hore khampani e tshwanela ho lefa lounu ka potlako ka moo e ka kgonang. Hlalosa seo o ka mmolellang sona. Qotsa ditshupiso tse PEDI tsa ditjhelete (ka manane) ho tshehetsa maikutlo a hao. 6 4.2.3 Tshwaela ka reiti ya ditefo tsa Green Ltd and Plaza Ltd o be o fane ka lebaka la hore batsamaisi ba khampani ka nngwe ba nke qeto ka reiti ya ditefo. Qotsa manane. 6 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 9 Downloaded from hlayiso.com (EC/LOETSE 2021) ACCOUNTING P1 (BUKA YA DIKARABO) 9 4.2.4 Ho ba le diabo ha Sandi Charley: Sandi Charley ke monga diabo ho tse pedi tsa dikhampani tsena. O na le R800 000 mme o na le maikemisetso a ho tsetela diabong tse ntjha. Boraro ba dikhampani di nkile qeto ya ho aba diabo tse ding ka la 1 Tlhakubele 2021 ka theko e teng mmarakeng ya 28 Hlakola 2021. Bala % ya Sandi ya ho ba le diabo ho Green Ltd o be o tshwaele ka diphumano tsa hao. PALO: TSHWAELA: 4 Bala bonnyane ba lenane la diabo tseo a tshwanelang ho di reka ho Green Ltd le tjhelete eo a ka e sebedisang. 6 Ke keletso efe o ka e fang Sandi malebana le maikemisetso a hae a ho reka diabo ho Plaza Ltd? Fana ka dintlha tse PEDI. Qotsa manane (ditshupiso tsa ditjhelete) ho tshehetsa Karabo ya hao. 4 MATSHWAO KAOFELA 35 PALOYOHLE: 150 Ha o a dumellwa ho Kopa Ka kopo phetla ### Page 10 Downloaded from hlayiso.com ### Page 11 Downloaded from hlayiso.com ### Page 12 (EC/SEPTEMBER 2021) ACCOUNTING P1 (ANSWER BOOK) 9 4.2.4 Shareholding of Sandi Charley: Sandi Charley is a shareholder in two of these companies. She has R800 000 and intends to invest in new shares. All three companies have decided to issue additional shares on 1 March 2021, at the existing market price on 28 February 2021. Calculate Sandi’s % shareholding in Green Ltd and comment on your findings. CALCULATION: COMMENT: 4 Calculate the minimum number of shares she should buy in Green Ltd and the amount she would have to spend. 6 What advice would you offer Sandi regarding her intentions to purchase shares in Plaza Ltd? Provide TWO points. Quote figures (financial indicators) to support your advice. 4 TOTAL 35 TOTAL: 150 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 13 8 ACCOUNTING P1 (ANSWER BOOK) (EC/SEPTEMBER 2021) QUESTION 4 4.1 4.1.1 4.1.2 4.1.3 3 4.2.1 Identify the company that has the most efficient liquidity position. Quote and explain THREE financial indicators to support your choice. COMPANY: FINANCIAL INDICATORS AND EXPLANATION: 6 4.2.2 A director of Green Ltd feels that the company should pay back the loan as soon as possible Explain what you would say to him. Quote TWO financial indicators (with figures) to motivate your opinion. 6 4.2.3 Comment on the dividend pay-out rates of Green Ltd and Plaza Ltd, and provide a reason for the directors of each company deciding on those pay-out rates. Quote figures. 6 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 14 (EC/SEPTEMBER 2021) ACCOUNTING P1 (ANSWER BOOK) 7 3.2 NET CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents (opening balance) Cash and cash equivalents (closing balance) 4 3.3 3.3.1 Calculate: Acid-test ratio WORKINGS ANSWER 3 3.3.2 Calculate: % return on average shareholders’ equity WORKINGS ANSWER 5 3.3.3 Calculate: Dividend pay-out rate (%) WORKINGS ANSWER 4 TOTAL 40 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 15 6 ACCOUNTING P1 (ANSWER BOOK) (EC/SEPTEMBER 2021) QUESTION 3 3.1 Calculate the following for the Cash Flow Statement on 31 August 2021: 3.1.1 Change in payables (indicate inflow or outflow of cash) WORKINGS ANSWER 4 3.1.2 Income tax paid WORKINGS ANSWER 4 3.1.3 Dividends paid WORKINGS ANSWER 4 3.1.4 Proceeds from shares issued WORKINGS ANSWER 5 3.1.5 Funds used to repurchase shares WORKINGS ANSWER 3 3.1.6 Increase in loan WORKINGS ANSWER 4 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 16 (EC/SEPTEMBER 2021) ACCOUNTING P1 (ANSWER BOOK) 5 2.2 RETAINED INCOME Balance on 1 March 2020 Net profit after tax 689 310 Ordinary share dividends Interim dividends 126 000 Balance on 28 February 2021 7 2.3 EQUITIES AND LIABILITIES SECTION *show significant items separately under Current liabilities SHAREHOLDERS EQUITY Ordinary share capital Retained income Non-current liabilities Current liabilities Trade and other payables TOTAL EQUITY AND LIABILITIES 17 TOTAL 60 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 17 4 ACCOUNTING P1 (ANSWER BOOK) (EC/SEPTEMBER 2021) QUESTION 2 2.1 Statement of Comprehensive Income on 28 February 2021 Sales Cost of sales Gross profit Other income Discount received 14 000 Gross income Operating expenses Depreciation 86 010 Sundry expenses Operating profit Interest income 23 400 Profit before interest expense Net profit before income tax Income tax Net profit after tax 689 310 36 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 18 (EC/SEPTEMBER 2021) ACCOUNTING P1 (ANSWER BOOK) 3 1.2.4 Apart from the issues mentioned above, explain why the company would be accused of poor corporate governance. 2 TOTAL 15 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 19 2 ACCOUNTING P1 (ANSWER BOOK) (EC/SEPTEMBER 2021) QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2 AUDIT REPORT 1.2.1 Identify the type of report and explain why this type of report was issued by the auditor. 2 1.2.2 Explain TWO points why shareholders will be concerned about the company receiving such a report. 4 1.2.3 The CEO requested that the auditor classifies this donation as a ‘sundry expense’ and adjust the audit opinion accordingly. Provide TWO reasons why the auditor would not agree with this suggestion. 4 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 20 Name: NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBER 2021 ACCOUNTING P1 ANSWER BOOK MARKS MODERATED QUESTION MAX. MARKS OBTAINED MARKS 1 15 2 60 3 40 4 35 150 *Acabe1* This answer book consists of 9 pages. 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