# Accounting Grade 12 P1 Eastern Cape June 2022 Addendum (Eng) > Grade 12 Accounting Paper 1 addendum from the Eastern Cape June 2022 (English), 11 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p1-gr12-answerbook-june-2022-english/3f567dee-27d7-45f0-b356-dc5d1a094a3a - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2022 - Exam period: Eastern Cape June - Paper: 1 - Curriculum: CAPS - Pages: 11 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 June 2022 Addendum (Eng)](https://www.hlayiso.com/library/accounting-p1-gr12-answerbook-june-2022-english/3f567dee-27d7-45f0-b356-dc5d1a094a3a) ## About this document Accounting · Grade 12 · Eastern Cape June · 2022 · English. Addendum, 11 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 Name: NATIONAL SENIOR CERTIFICATE GRADE 12 JUNE 2022 ACCOUNTING P1 ANSWER BOOK MARKS MODERATED QUESTION MAX. MARKS OBTAINED MARKS 1 60 2 40 3 35 4 15 150 This answer book consists of 11 pages. ### Page 2 2 ACCOUNTING P1 (ANSWER BOOK) (EC/JUNE 2022) QUESTION 1 1.1 Statement of Comprehensive Income for the year ended 28 February 2022 Sales Cost of sales Gross profit Other income Discount received 23 190 Gross income Operating expenses Advertising 404 500 Salaries and wages 956 180 Audit fees 89 970 Depreciation 123 220 Trading stock deficit 18 500 Sundry expenses Operating profit 1 602 190 Profit before interest expense Net profit before income tax Net profit after tax 40 Copyright reserved Please turn over ### Page 3 (EC/JUNE 2022) ACCOUNTING P1 (ANSWER BOOK) 3 1.2 RETAINED INCOME Balance on 1 March 2021 Ordinary share dividends Balance on 28 February 2022 969 000 7 1.3 STATEMENT OF FINANCIAL POSITION ON 28 February 2022 EQUITIES AND LIABILITIES SHAREHOLDERS’ EQUITY Ordinary share capital Retained income 969 000 Non-current liabilities Current liabilities Trade and other payables TOTAL EQUITY AND LIABILITIES 13 TOTAL MARKS 60 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P1 (ANSWER BOOK) (EC/JUNE 2022) QUESTION 2 2.1 Calculate the following financial indicators for the financial year ended 30 April 2022: 2.1.1 Debt-equity ratio Workings Answer 3 2.1.2 Earnings per share (EPS) Workings Answer 4 2.1.3 Dividend pay-out rate (%) Workings Answer 3 2.1.4 % return on average shareholders’ equity (ROSHE) Workings Answer 5 Copyright reserved Please turn over ### Page 5 (EC/JUNE 2022) ACCOUNTING P1 (ANSWER BOOK) 5 2.2 Cash effects of changes in working capital ‘ Change in inventory Change in receivables Change in payables 9 2.3.1 Taxation paid WORKINGS ANSWER 5 2.3.2 Proceeds from sale of fixed assets WORKINGS ANSWER 5 2.3.3 Funds used for the repurchase of shares WORKINGS ANSWER 2 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P1 (ANSWER BOOK) (EC/JUNE 2022) 2.4 NET CHANGE IN CASH AND CASH EQUIVALENTS Balance on 1 May 2021 Balance on 30 April 2022 4 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 7 (EC/JUNE 2022) ACCOUNTING P1 (ANSWER BOOK) 7 QUESTION 3 3.1 3.1.1 3.1.2 3.1.3 3 3.2.1 The directors are satisfied with the improvement in the liquidity of the company. Quote and explain THREE financial indicators with figures and trends that show an improvement of the liquidity position. 6 3.2.2 Explain why the shareholders should be satisfied with their return on investment in the company. Quote figures and trends in your explanation. 4 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P1 (ANSWER BOOK) (EC/JUNE 2022) 3.2.3 One of the directors feels that the company should pay back the loan as soon as possible. Explain why you disagree with him. Quote TWO financial indicators with figures and trends. 6 3.2.4 One of the shareholders wants to sell her shares at R6 each. Provide ONE reason why you would agree with her to sell her shares. Quote a financial indicator with figures and trends. Provide ONE reason why you disagree with her to sell her shares. Quote a financial indicator with figures and trends. 4 3.2.5 The shareholders should be happy with the earnings per share (EPS) because it is better than the previous year. Explain why you agree with them. Quote figures and calculations. 4 Copyright reserved Please turn over ### Page 9 (EC/JUNE 2022) ACCOUNTING P1 (ANSWER BOOK) 9 3.3.1 Explain what effect this consideration will have on the % shareholding of Alton Flan in EACH company. Quote figures and trends. Socker Ltd: Boll Ltd: 6 3.3.2 Calculate the number of shares Alton Flan could buy in Boll Ltd. WORKINGS ANSWER 2 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 10 10 ACCOUNTING P1 (ANSWER BOOK) (EC/JUNE 2022) QUESTION 4 4.1 Explain the role of the remunerations committee and give a reason why there is a need for this committee. EXPLANATION: REASON: 3 4.2 Explain why the auditor referred to pages 7 to 22 in this report. 2 4.3 Identify the type of audit report that the company received and give a reason for your answer. 2 Copyright reserved Please turn over ### Page 11 (EC/JUNE 2022) ACCOUNTING P1 (ANSWER BOOK) 11 4.4 Explain the effect of this type of report for the image of the company. Provide TWO points. 4 4.5 State TWO possible consequences for the independent auditor if he had NOT referred to the increase in directors’ fees. 4 TOTAL MARKS 15 TOTAL: 150 Copyright reserved Please turn over ## Related documents - [ACCOUNTING P2 MEMO GR12 P2 JUNE 2022 English Final](https://www.hlayiso.com/library/accounting-p2-memo-gr12-p2-june-2022-english-final/edb5d545-b8d8-4365-b883-b3b3de78130f) — Accounting · Memo · 2022 · Eng - [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 - [2022 KZN Prelim P1 Answer Book](https://www.hlayiso.com/library/2022-kzn-prelim-p1-answer-book/a615c3e9-43d2-4271-9408-12e8ac17059d) — Accounting · Addendum · 2022 - [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 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) — Accounting · 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) — Accounting · Memo · 2025 · 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 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 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 - [Accounting P1 May-June 2025 MG Eng](https://www.hlayiso.com/library/accounting-p1-may-june-2025-mg-eng/b3a00324-c447-494b-9131-3046982cc2bb) — Memo · 2025 · Eng - [Accounting P2 Nov 2025 MG Afr](https://www.hlayiso.com/library/grade-12-accounting-2025-nsc-november-exam-memorandum-paper-2/4c11fbd4-960d-4f11-8cb5-c00f8f2cb8b5) — 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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