# Accounting Grade 12 P1 Eastern Cape Prelim 2024 Memo > Grade 12 Accounting Paper 1 memorandum from the Eastern Cape Prelim Exam 2024 (Sesotho), 10 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-p1-memo-sesotho/b99546aa-c3e7-44cc-b92d-85b44da4daaa - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: Sesotho - Document type: Memorandum - Year: 2024 - Exam period: Eastern Cape Prelim 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 P1 Eastern Cape Prelim 2024 Memo](https://www.hlayiso.com/library/accounting-p1-memo-sesotho/b99546aa-c3e7-44cc-b92d-85b44da4daaa) ## About this document Accounting · Grade 12 · Eastern Cape Prelim Exam · 2024 · sesotho. Memorandum, 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 NATIONAL SENIOR CERTIFICATE KEREITI 12 LOETSE 2024 ACCOUNTING P1 TATAISO YA HO TSHWAYA MATSHWAO: 150 PORINSEPOLE YA HO TSHWAYA: 1. Ka ntle le ha e ba ho hlalositshwe tataisong ya ho tshwaya, kahlolong ya ho kenya di aetheme tse sa hlokohaleng, e kaetswa ha mohlahlubua a sa lahlehelwe ke matshwao ho potsong ya aetheme eo (hahona kahlolo ha o beile aetheme moo ho sa tlamehang) ha ho ahlolwe ha bedi. 2. Kahlolo ya ho ngola moo o sa tlamehang kappa presenthe (motlala details) dia etswa ha feela mohlahlobua a fumana matshwao ho palo ya aetheme eo. 3. Fana ka matshwao ohle ha karabo e nepahetse. Ha karabo e sa nepahala, koreka mosebetsi o bontshitsweng. 4. Ha lenane la pre-adjustment le bontshitswe e le karabo, fan aka matshwao a sa fellang ho lenane leo (e seng letshwao la methote la karabo). ELAHLOKO: haeba lenane le hlalositswe ho tataiso ya ho tshwaya ho khomponente ya mosebetsi, tsena ha dia fupara methote wa ho tshwaya le ho karabo. 5. Ka hantle le ha eba ho hlalositswe, positive kapo negative effect ya lenane lefe le tlameha ho elwahloko ha ho fanwa ka matshwao, ha e ba ha hona letswao la + kappa la – kappa ho fanwe kaborakete, nka ka hore lenane le positive. 6. Moo ho hlalositshweng ho ka fanwa ka karolo ya matshwao ho fana ka phapang pakeng tsa boleng ba karabo ya bahlahlubua . 7. Ebang moithuti a fane ka dikarabo tse fetang tseneng dibatleha, hlahloba dikarabo kaofela o fe moithuti monyetla. Hlao e ka etsahala ho foreign entries e bang moithuti o fumana matshwao kaofela potsong (max – 2per Q) 8. Moo ho etsuwang kahlolo, matshwao a potso ya sekeshene e k eke ya e ba final negative. 9. Moo ho fanweng ka matshwao a opareishene, motshwai o tlameha ho sheba boleng ba karabo. 10. Opareishene e bolela 'sheba opareisheng'. 'karolo ya matshwao e le nnge e nepahetseng' e bolela opareishene le karolo e le nngwe e nepahetseng . ELA HLOKO: shepa opareishene e hlmeha ho ba +, -, x, ÷, kapo jwalo ka tataisong ya ho tshwaya. 11. dikhalkhuleishining, se ka fana ka matshwao a mosebetsi e bang numerator le denominator di fapakantshwe – ontse o etsa jwalo le ho direishiyo. 12. Ha o fana ka matshwao a methote etsa bonnete bahore mohlahlubuya ha a fumane matshwao kaofela aethemong e sa nepahalang mofe karalo. Bontsha ka . 13. Hlokomela ho mohlahlubua a fana ka karabo e nepahetseng ka tsela enngwe e siyo ho tataiso ya ho tshwaya. Ela hloko ho tshwaela ha nngwe ho ka fana ka phapang ta di aspects. 14. Codes: f foreign aetheme; p = placement/ presentation Tataiso ena e na le maqephe a 12 Hosted by www.ecexams.co.za. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING P1 (EC/LOETSE 2024) POTSO YA 1 1.1 Khaletjhuleitha value ya setoko se utswitseng DITSHEBETSO ANSWER 35 000 ✓ x 100/80 ✓ 43 750  *Karolo e nepahetseng 3 1.2 Statement sa comprehensive income sa mafelo a selemo ka di 30 June 2024 Sales (15 660 000 ✓ x 175/100 ✓) – 216 000 ✓ 27 189 000 * Cost of sales (15 660 000) Gross profit Sales-COS 11 529 000  Other income Commission income (626 400 + 22 500 ✓✓) 648 900 * Rent income (98 500 ✓ + 9 130 ✓✓) 107 630 * Provision for bad debts adjustment (2 355 ‒ 1 975) 380 ✓ Gross operating income Operating expenses Salaries and Wages Depreciation Sundry expenses Audit fees (81 000 + 9 500) 90 500  Directors fees (450 000 ✓ + 562 500 ✓✓) 1 012 500 * Advertising (36 000 ✓ – 6 000 ✓) 30 000 * Loss due to theft (43 750 – 35 000) OR (35 000 x 20/80) 8 750  see 1.1 Operating profit Interest income Profit before interest expense Interest expense (120 100) Profit before tax (560 000 x 100/28) OR (1 440 000 + 560 000) 2 000 000  Income tax (300 000 + 200 000 + 60 000) (560 000) ✓✓ Net profit after tax (2 000 000 – 560 000) OR (560 000 x 72/28) 1 440 000  *Karolo e nepahetseng 1 F foreign items max -2 -1 P presentation 29 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 3 Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 3 1.3 Statement sa Financial Position ka di 30 June 2024 ASSETS NON-CURRENT ASSETS Fixed assets Investment: Fixed deposit CURRENT ASSETS (3 321 300 x 1,3) 4 317 690 * Sheba 1.1 Inventories (2 195 550 – 43 750 ) 2 151 800 * Trade and other receivables 533 455 * sheba Rent Income sheba advertising sheba Commission Income (495 000 + 2 800 ✓ - 1 975 ✓ + 9 130  + 6 000  + 22 500 ) Cash and cash equivalents balanseng figure 1 632 435  TOTAL ASSETS EQUITY AND LIABILITIES SHAREHOLDERS’ EQUITY (3 000 000 x 675/100) 20 250 000 ✓ Ordinary share capital 19 650 000 Retained income SHE-OSC 600 000  NON-CURRENT LIABILITIES 1 127 300 Loan (1 304 000 ✓ – 176 700 ✓✓) 1 127 300 * CURRENT LIABILITIES 3 321 300 * opereishene Trade and other payables sheba Audit fees Sheba Directors fees 1 104 600 * (529 800 + 2 800 ✓ + 9 500  + 562 500 ) SARS: Income tax 60 000 Current portion of loan sheba NCL 176 700  Shareholders for dividends 1 980 000 ✓ TOTAL EQUITY AND LIABILITIES 23 1 F foreign items max -2 *Karolo e -1 P presentation nepahetseng PALO YOHLE 55 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING P1 (EC/LOETSE 2024) POTSO YA 2 2.1 Khaletjhuleitha difinancial indicators tse latelang: 2.1.1 Debt-equity ratio DITSHEBETSO KARABO 1 294 000 ✓: 12 624 400 ✓ 0,1 : 1  3 Karolo e nepahetseng 2.1.2 Earnings per share DITSHEBETSO KARABO 1 022 000 ✓ x 100 135,9 cents  752 000 ✓✓ Karolo e nepahetseng 4 2.1.3 Dividend pay-out rate (%) DITSHEBETSO KARABO (20 + 25) letshwao le le leng 45 ✓ x 100 33,1%  135,9  Karolo e nepahetseng 3 2.1.4 % return on average equity (ROSHE) DITSHEBETSO KARABO 1 022 000 ✓ X100 ½ ✓ (12 624 400 ✓ + 9 319 200 ✓) 9,3%  10 971 800 matshwao amabedi Karolo e nepahetseng 5 2.2 Retained Income note Balance on 1 May 2023 1 300 300 Net profit after tax 1 022 000 Shares repurchased (28 000 x 15/100) OR (32 200 - (4 200) ✓ 28 000) Dividends Interim + final div (456 000)  Interim (1 340 000 x 0,2) 268 000 ✓ Final 188 000 ✓ Balance on 30 April 2024 1 862 100  Sheba opereishene ho tloha ho dimo, o tlameha ho subtractha SBB le OSD 7 2.3 Change in Trade and other receivables DITSHEBETSO KARABO 558 800 ✓✓– 426 800  (132 000)  Karolo e nepahetseng Bontsha/hlalosa outflow 4 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 5 Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 5 2.4 2.4.1 Taxation paid DITSHEBETSO KARABO - 438 000 ✓✓ + 32 600 ✓ ‒ 9 900 ✓ (415 300)  Karolo e nepahetseng OR 438 000 - 32 600 + 9 900 matshwao two letshwao one letshwao one DIsign di ka reveswa 5 2.4.2 Proceeds from sale of fixed assets DITSHEBETSO KARABO 11 434 000✓ + 190 900✓ ‒ 1 702 000✓ ‒ 9 890 600 ✓ 32 300  KAPA Karolo e nepahetseng 9 890 600 + 1 702 000 ‒ 190 900 ‒ 11 434 000 Letshwao one Letshwao one letshwao one Letshwao one Digns di ka reveswa 5 2.5 Net change in cash and cash equivalents (396 500)  Karolo e nepahetseng Cash (balance at the beginning of the year) 85 300 ✓ Cash (balance at the end of the year) (311 200) ✓✓ 7 800 ‒ 319 000 4 PALO YOHLE 40 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING P1 (EC/LOETSE 2024) POTSO YA 3 3.1 3.1.1 B ✓ 3.1.2 C ✓ 3.1.3 D ✓ 3.1.4 A ✓ 4 3.2 Qotsa o be ohlalose difinancial indicatorse tse PEDI tse bontshang ho re khampane e manager diexpenses hantle haholo. Financial indicators ✓ ✓ difigure le trends ✓ ✓ • % operating expenses on sales decreased ho tloha ho 23,2% ho ya ho 21,6%. • % operating profit on sales increased ho tloha ho 19% ho ya ho 21%. 4 3.3 Fana ka maano le mehopolo eo khampane e ka e sebedisang ho matlafatsa net working capital. Qotsa difinancial indicatorse tse PEDI. Financial indicator le difigure ✓ ✓ mokgwa o le MONG ho karabo kang ✓✓ ✓✓ Financial indicator le difigure Maano • Acid-test ratio decreased ho tloha Papatso ho fokotsa setoko / ho ho matlafatswe papatso haholo /ho 1,3 : 1 ho ya ho 0,6 : 1 fokotswe selling prices ho increase disales. • Average debtors’ collection period Fana ka nyehlisetso ho ba patalang ka increased ho tloha ho 29 ho ya ho nako /tjhatjha intereste ho ba patalang 42 days. ka mora nako/ba hopotse ka melaetsa / isa melato ya kgale ho attorneys ho o 6 collecthela. 3.4 Tshwaela ka hore khampane e sebedisa loane ka tsela e lokileng. Qotsa financial indicator e le NNGWE e nang le manane le ditrend. Financial indicator ✓le manane ✓ tshwaela ka gearing e tlameha ho cover positive gearing le papiso le interest on loans. ✓✓ • ROTCE decreased ho tloha ho 20,3% ho ya ho 19,8%, empa e ntse e le ka hodimo ho interest on loan ya 13%. • Besinese e positively geared / e sebedisa diloan hantle. 4 Debt-equity ratio ya khampanene e decreasitse ho tloha ho 0,8 : 1 ho ya ho 0,6 : 1. Hlalosa mabaka a MABEDI a ka etsang ho re hona e be lebaka le entseng phethoho ena. Fana ka dipoente tse PEDI ✓✓ ✓✓ • Thekiso ya dishare tse ntjha. • Loan epatetsweng. 4 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 7 Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 7 3.5 Tshwaela ka dividend pay-out-policy ya khampane. Fana ka mabaka a MABEDI hobaneng didirectors di nkile qeto ya ho tjhentjha policy ka 2024. Tshwaelo ka didividende pay-out rate (DPR) le manane le trends ✓✓ mabaka a MABEDI ✓✓ Tshwaela: • DPR increased ho tloha ho 51% ho ya ho 103% ka 52% dipointe/ ka 102%. Mabaka: • Ho kgotsofatsa dishareholderse (ba dule ba thabile) • Ha hona dipolane ho hodisa businese • Tjhelete e neng e bolokuwe e sebedisitswe ho patala didividend tsa selemo sena/ho sebedisitswe tjhelete e neng e tlamehile ho sebedisetswa ho hodisa besenese. 4 Hlalosa e be dishareholderse di tlameha ho kgotsofalla seo ba sefumanang ho investment ya bona khampane. Qotsa financial indicator e le NNGWE e be le manane, tlhalosong ya hao. Financial indicator le trends le difigurese ✓ papiso ho interest le alternative investment ✓✓ Dishareholderse di tlameha ho kgotsofala hobane: • % Return on shareholders’ equity (ROSHE) increased ho tloha 11% hoya ho 12,8% • ROSHE e ka hodimo ho interest ho alternative investment ya 8% / ka 4,8% ya dipointe 4 Khaletjhuleitha didividends tse fumanweng ke motswalle wa hao ya ounang dishare tse 40 000 khampaneng ka di 28 February 2024. 40 000 x 72/100 = 28 800 ✓ letshwao one ha e ba ho teng moo a nepileng 2 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING P1 (EC/LOETSE 2024) 3.6 CEO o batla ho rekisa dishare tse 60 000 a di busetsa morao ho khampane a ka 1 250 cente share ka nngwe ka di 29 February 2024. Jwalo ka shareholder khampaneng, o ka nka bohato bofe tlasa qeto ee? Hlalosa o be o qotse financial indicator e le NNGWE. Financial indicator e nang le figures ✓✓tlhaloso ka hore e ne e le poraese e fihlelehang✓✓ Financial indicator e nang le figurese: Repurchase price e bapiswe le NAV – e ka hodimo ho NAV ya 950c ka 300c / 32% KAPA Repurchase price e bapiswe le MP – e ka hodimo ho MP ya 934c ka 316c / 34% Tlhaloso: • Repurchase price e hodimo ha e bapiswa le NAV/MP considered to be unfair. • CEO o sebedisa maemo a hae ho benefita ka tsela e sa lokang ho khampane. • CEO e beha khampane maemong a mabe a ditjhelete finances . • Shares di bonahala di sena thahasello ho ba MP e ka tlase ho NAV. 4 3.7 Khaletjhuleitha lenane la dishare tseo e bang John Khan o di rekile ho dishare tse ntjha tse 250 000 ho tse rekisitsweng ka di 1 February 2024 ho dula a bolokile majorete seteitase sa hae. (650 000 + 250 000 = 900 000 x 50.1%) (650 000 x 51% = 331 500) = 450 900 ✓ – 331 500 ✓ = 119 400 shares  karolo e nepahetseng 4 PALO YOHLE 40 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 9 Downloaded from hlayiso.com (EC/LOETSE 2024) ACCOUNTING P1 9 POTSO YA 4 4.1 Hlalosa hobaneng Nicole Ltd e hloka disservice tsa internal le external auditorse ka bobedi. Poente e le NNGWE ho karabo kang ✓✓ ✓✓ Matshwao a karolo bakeng sa dikarabo tse sa fellangkapa tse sa hlakang • Internal auditor: o setapa/implementa/hlokomedisa ka internal control porosese e tsamayelane le direquiremente tsa external auditing/ audits financial statemente internally pele ho external audit. Hosheba ha ho prephereswa hwa difinancial statemente. • External auditor: e bontsha maikutlo a se nang khenthollo bonnete ba difinancial statemente/ netefatsa ho re difinancial statemente tsa khampane di etsuwa ho ya ka diGAAP le IFRS/ e matlafatsa bitshepo ba dishareholderse ho difinancial statemente/e bontsha botshepehi 4 4.2 Bontsha o be o hlalose accounting porenciple e violethuweng ke didirectorse tsa Nicole Ltd ha ba hlokomela revnue ha ho qala diaccounting periode. GAAP ✓ tlhaloso e tsamayelanang le principle e nepahetseng✓ • Matching principle – income le diexpenses tsa monongwaha di tlameha ho tsamaelana ho financial period. 2 4.3 Hlalosa ho re ke eng corporate governance e bile ke hobaneng CEO ya mehleng , Peter Moore a sa itshwara ho ya ka molawana ona wa King Code. Tlhaloso ya corporate governance ✓✓ Tshwaelo ka hore CEO ha e ya itshwara ka ho ya ka molawo wa Kin g Code ✓✓ Matshwao a karolo bakeng sa dikarabo tse sa fellangkapa tse sa hlakang • Ke tsela e ntle ya ho tshwara khampane le ho inehela ho laoleng khampane /ho latela melawo kapa dipehelo ho tshireletsa boleng ba dishareholderse le basebetse bohle/ boleng le molawo wa ho tsamaisa khampane. • CEO e sebedisa maemo ho disadvantage khampane ka ditjhelete(ho re ho une yena) /ho ithuisa ka ditjhelete tsa khampane / conflict ya interests. 4 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ### Page 10 Downloaded from hlayiso.com 10 ACCOUNTING P1 (EC/LOETSE 2024) 4.4 Ke mofuta o feng wa audit repote oo Nicole Ltd ao fumaneng ka 2023? Fana ka lebaka la karabo ya hao. Mofuta o nepahetseng wa audit report e kgethilweng ✓ lebaka (e tlameha ho tamayelana le mofuta o nepahetseng wa audit report) ✓✓ Matshwao a karolo bakeng sa dikarabo tse sa fellangkapa tse sa hlakang • Disclaimer ya opinion – auditorse ha di kgone ho ntsha audit opinion / ba ha na ho ntsha audit opinion / ha ba kgone ho ntsha maikutlo a bona ka bonnete ba Financial Statements. 3 4.5 Jwalo ka shareholder khamphaneng , ke e feng tjantjello eo o ka bang le yona mabapi le se etsahetseng? Fana ka dintlha tse PEDI. Le hoba ke efeng fana ka PEDI✓ ✓ Matshwao a karolo bakeng sa dikarabo tse sa fellangkapa tse sa hlakang • Seriti sa khampane se tla theoha/ seteithase se tla lahleha. • Price ya dishare e tla theoha ho JSE. • Dishareholderse di tlaba mathatengo a ho lahlehelwa ke investmente ka lebaka la frote . • Directors di tla tobana le molawo wa kgalemo. • Tahlehelo ya boitshepi ho didirectorse • Ba ka nna ba se voutelwe ofiseng. • Khampane e tla e kgutlisa jwang tjhelete e lahlehileng. 2 PALO YOHLE 150 Ha o a dumellwa ho kopa Ka kopo phetla Hosted by www.ecexams.co.za. ## Related documents - [ACCOUNTING P1 GR12 ANSBK SEPT 2021 Sesotho D](https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-sesotho-d/50ad1901-7a2b-4a4d-8341-73ad853187ca) — Accounting · QP · 2021 · Sesotho - [Accounting P1 Nov 2024 Eng](https://www.hlayiso.com/library/accounting-p1-nov-2024-eng/52756431-9cbf-4cbe-a383-8eea2fee9cc3) — Accounting · QP · 2024 · Eng - [Accounting P2 Nov 2020 QP Sesotho ENG D](https://www.hlayiso.com/library/accounting-p2-nov-2020-qp-sesotho-eng-d/b8211dab-ac4c-47a0-a24b-ef1b3c8c13a9) — Accounting · QP · 2021 · Sesotho - [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 2023 Eng](https://www.hlayiso.com/library/accounting-p1-nov-2023-eng/4c9e315d-40c3-4d80-9775-322ef8d07061) — Accounting · QP · 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 ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [Accounting Grade 12 NSC ANSWER BOOK P2 May June 2025 KZN](https://www.hlayiso.com/library/accounting-grade-12-nsc-answer-book-p2-may-june-2025-kzn/b9529d65-7fc3-420f-8a91-05ec30b0d61b) — Addendum · 2025 - [2023 KZN Prelim P2 QP](https://www.hlayiso.com/library/2023-kzn-prelim-p2-qp/8b4c7156-2c8e-45f7-b23c-174fa392a45f) — QP · 2023 - [2023 MP Prelim P2 Answer Book](https://www.hlayiso.com/library/2023-mp-prelim-p2-answer-book/cc1d1590-ceb4-4d58-b4f8-408396bc15a9) — Addendum · 2023 - [NW Accounting TEST 2 Grade 12 March 2023 QP and Memo](https://www.hlayiso.com/library/nw-accounting-test-2-grade-12-march-2023-qp-and-memo/148f87ca-f743-4061-beaa-a06054647593) — QP + Memo · 2023 - [NW Accounting TEST 1 Grade 12 March 2023 QP and Memo](https://www.hlayiso.com/library/nw-accounting-test-1-grade-12-march-2023-qp-and-memo/96b0589f-d027-4e1f-a60c-defcb2f3e625) — QP + Memo · 2023 ## 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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