# Accounting Grade 12 Paper 1 NSC June 2023 Addendum (English) > Grade 12 Accounting Paper 1 addendum from the NSC June Exam 2023 (English), 10 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p1-may-june-2023-answer-book-eng/35b6593f-b5cd-43db-9c71-a7d9fba47f44 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2023 - Exam period: NSC June Exam - Paper: 1 - Curriculum: CAPS - Pages: 10 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 Paper 1 NSC June 2023 Addendum (English)](https://www.hlayiso.com/library/accounting-p1-may-june-2023-answer-book-eng/35b6593f-b5cd-43db-9c71-a7d9fba47f44) ## About this document Accounting · Grade 12 · NSC June Exam · 2023. Addendum, 10 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 STICKER CENTRE NUMBER EXAMINATION NUMBER SENIOR CERTIFICATE EXAMINATIONS/ NATIONAL SENIOR CERTIFICATE EXAMINATIONS ACCOUNTING P1 GRADE 12 2023 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 TOTAL This answer book consists of 10 pages. Copyright reserved Please turn over ### Page 2 Downloaded from hlayiso.com Accounting/P1 2 DBE/2023 SC/NSC – Answer Book QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 4 1.2 STARLIGHT LTD 1.2.1 Calculate: Value of the closing stock of light bulbs on 28 February 2023, using the weighted-average method. WORKINGS ANSWER 4 1.2.2 Calculate: Profit or loss on disposal of vehicle WORKINGS ANSWER 5 Calculate: Total depreciation for the year WORKINGS ANSWER Vehicles Equipment 7 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com Accounting/P1 3 DBE/2023 SC/NSC – Answer Book 1.2.3 Statement of Comprehensive Income for the year ended 28 February 2023 Sales 17 850 000 Cost of sales (10 200 000) Gross profit 7 650 000 Other income Commission income 85 900 Rent income Gross operating income Operating expenses (4 894 900) Salaries and wages Audit fees Directors' fees Sundry expenses 219 760 Bad debts Depreciation Operating profit Interest income Profit before interest expense Interest expense Net profit before tax Income tax (858 140) Net profit after tax 2 002 500 29 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting/P1 4 DBE/2023 SC/NSC – Answer Book CURRENT ASSETS 7 605 150 Inventories Trade and other receivables Cash and cash equivalents 11 TOTAL MARKS 60 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting/P1 5 DBE/2023 SC/NSC – Answer Book QUESTION 2 2.1 RETAINED INCOME NOTE Balance at beginning of year 237 400 Net profit after tax 1 526 000 Ordinary share dividends Balance at end of year 9 2.2 Calculate: Change in loan WORKINGS ANSWER 2 Calculate: Proceeds from shares issued WORKINGS ANSWER 3 2.3 CASH EFFECTS OF OPERATING ACTIVITIES Cash generated from operations 2 340 300 Income tax paid Dividends paid 10 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting/P1 6 DBE/2023 SC/NSC – Answer Book 2.4 Calculate: Current ratio WORKINGS ANSWER 2 Calculate: Net asset value (NAV) WORKINGS ANSWER 4 Calculate: % return on total capital employed (ROTCE) NOTE: The average capital employed is R20 343 500. WORKINGS ANSWER 5 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting/P1 7 DBE/2023 SC/NSC – Answer Book QUESTION 3 3.1 Explain whether or not the company is managing their working capital efficiently. Quote TWO financial indicators, with figures and trends. 5 3.2 Calculate the total number of additional shares that Denise purchased. CALCULATION ANSWER 4 Give ONE possible reason why Denise was determined to become the majority shareholder. 2 3.3.1 The Cash Flow Statement revealed decisions taken by the directors. Identify TWO major decisions taken by the directors in 2023 that were different to those from the previous year. Quote figures. Decision 1 Decision 2 Give ONE reason for these decisions. 6 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting/P1 8 DBE/2023 SC/NSC – Answer Book 3.3.2 Explain the impact of these decisions on the degree of financial risk over the two years. Quote ONE financial indicator, with figures and trends. 3 3.3.3 Explain how these decisions affected the gearing of the company. Quote ONE financial indicator, with figures and trends. 4 3.4.1 Certain shareholders expressed concern about the change in the dividend payout policy. Explain TWO points to support their opinion. Point 1 Point 2 4 3.4.2 Explain whether shareholders would be satisfied with the trend in the % return and earnings of the company, as well as the dividends they earned. Quote TWO financial indicators, with figures and trends. 6 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting/P1 9 DBE/2023 SC/NSC – Answer Book 3.5 In EACH case, provide evidence for the shareholders' concerns over these trends, and explain why they would be concerned about the future prospects for the company. Quote figures and trends. Issues Evidence of concern Reason for concern Cash and cash equivalents Market price of shares on JSE 6 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting/P1 10 DBE/2023 SC/NSC – Answer Book QUESTION 4 4.1 4.1.1 4.1.2 4.1.3 3 4.2 Explain THREE questions that the shareholders would want to raise with the board of directors at the meeting. Point 1 Point 2 Point 3 6 4.3 Provide ONE point of possible mismanagement or corruption under EACH of the following subheadings. Quote relevant figures to support your answer in EACH case. Payment of directors' fees Salaries of other employees 6 TOTAL MARKS 15 TOTAL: 150 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 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 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 Nov 2023 Eng](https://www.hlayiso.com/library/accounting-p1-nov-2023-eng/4c9e315d-40c3-4d80-9775-322ef8d07061) — 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 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.