# Accounting Grade 12 P1 NSC November 2023 Addendum (English) > Grade 12 Accounting Paper 1 addendum from the NSC November Exam 2023 (English), 10 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p1-nov-2023-answer-book-eng/aaeb9a41-12fe-49c2-9ba7-37693926cbd5 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2023 - Exam period: NSC November 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 NSC November 2023 Addendum (English)](https://www.hlayiso.com/library/accounting-p1-nov-2023-answer-book-eng/aaeb9a41-12fe-49c2-9ba7-37693926cbd5) ## About this document Accounting · Grade 12 · NSC November 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 NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 12 NOVEMBER 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/November 2023 NSC – Answer Book QUESTION 1 1.1 Calculate the value of closing stock of bicycles using the FIFO method. WORKINGS ANSWER 6 1.2 Statement of Comprehensive Income for the year ended 28 February 2023 Sales 21 017 200 Cost of sales Gross profit Other income Bad debts recovered Sundry income Gross operating income 12 254 100 Operating expenses Salaries and wages Depreciation Sundry expenses Operating profit 4 150 300 Interest income Profit before interest expense Interest expense Net profit before tax 3 737 250 Income tax (1 152 000) Net profit after tax 2 585 250 24 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com Accounting/P1 3 DBE/November 2023 NSC – Answer Book 1.3 Statement of Financial Position on 28 February 2023 ASSETS NON-CURRENT ASSETS Fixed assets Investment: Fixed deposit CURRENT ASSETS TOTAL ASSETS EQUITY AND LIABILITIES ORDINARY SHAREHOLDERS' EQUITY Ordinary share capital 20 000 000 NON-CURRENT LIABILITIES 4 512 550 Loan 4 512 550 CURRENT LIABILITIES Trade and other payables Current portion of loan 420 000 TOTAL EQUITY AND LIABILITIES 25 TOTAL MARKS 55 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com Accounting/P1 4 DBE/November 2023 NSC – Answer Book QUESTION 2 SHERBIZ LTD 2.1 ORDINARY SHARE CAPITAL NOTE 1 200 000 Shares in issue on 1 March 2022 7 200 000 7 2.2 CASH FLOW OF OPERATING ACTIVITIES Cash generated from operations Interest paid (117 600) 10 CASH FLOW OF FINANCING ACTIVITIES 6 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com Accounting/P1 5 DBE/November 2023 NSC – Answer Book 2.3 Calculate the following financial indicators: Net asset value per share WORKINGS ANSWER 3 Dividend payout rate WORKINGS ANSWER 5 % return on average shareholders' equity WORKINGS ANSWER 4 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com Accounting/P1 6 DBE/November 2023 NSC – Answer Book QUESTION 3 3.1 3.1.1 3.1.2 3.1.3 3 3.2 Liquidity: Identify the company that is managing its working capital well. Quote TWO financial indicators with figures and trends. 5 3.3 Financing strategies and gearing: Guardian Ltd What were the causes of the change in the debt-equity ratio? Provide TWO causes with figures. 4 Explain why it was wise for the company to make more use of loans. Quote and explain ONE other financial indicator (with figures and trends) to support this opinion. 4 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com Accounting/P1 7 DBE/November 2023 NSC – Answer Book 3.4 Dividends, earnings and returns: Navarra Ltd Explain ONE financial indicator which indicates that a concerned shareholder should not be satisfied with the change in the dividend policy of the company. Quote figures and trends. 3 Explain whether the shareholders should be satisfied with the earnings and returns of the company. Quote TWO financial indicators with figures and trends. 6 3.5 Shareholding of Nathan Crewe in Navarra Ltd: Identify the effect that the repurchase of Nathan's shares had on his % shareholding. Quote figures and trends. 2 Explain how the company was able to raise approximately R4,4 million to finance the repurchase of shares and dividends earned by shareholders. Provide TWO points. Quote figures. 4 Give TWO reasons why the decision to repurchase Nathan's shares should be considered as irresponsible. 4 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com Accounting/P1 8 DBE/November 2023 NSC – Answer Book 3.6 Directorship: 'The CFO (chief financial officer) has a significant influence on the success of a company.' Explain why you would agree with this statement. 2 Explain whether the directors should be satisfied or not with the share prices of the companies at the end of the financial year. Quote TWO financial indicators in EACH case with figures and trends. GUARDIAN LTD NAVARRA LTD 6 The CEO (chief executive officer) of Guardian Ltd intends to offer the vacant position of CFO to Nathan Crewe in March 2023. Explain ONE point of advice to the CEO. 2 TOTAL MARKS 45 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com Accounting/P1 9 DBE/November 2023 NSC – Answer Book QUESTION 4: CORPORATE GOVERNANCE 4.1 Auditing: Explain ONE duty of an internal auditor. 2 Give ONE reason why the accounting records of a listed company must be audited by an external auditor. 2 4.2 Whistle-blowers (Informants): What would you say to Sally regarding her statement in the first paragraph about whistle-blowers not being willing to take a stand against corruption? Explain ONE point. 2 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting/P1 10 DBE/November 2023 NSC – Answer Book 4.3 Shareholders' opinions and concerns: As a shareholder, explain THREE points that would concern you about the actions of the board of directors of Monaco Ltd. In EACH case, give a suitable reason for your concern. CONCERN REASON 9 TOTAL MARKS 15 TOTAL: 150 Copyright reserved ## Related documents - [Accounting P1 Nov 2023 Eng](https://www.hlayiso.com/library/accounting-p1-nov-2023-eng/4c9e315d-40c3-4d80-9775-322ef8d07061) — Accounting · QP · 2023 · Eng - [Accounting P1 Nov 2021 Answer Book Afr](https://www.hlayiso.com/library/accounting-p1-nov-2021-answer-book-afr/4f3e9f53-936c-4ad6-b22c-aebca5401cfe) — Accounting · Addendum · 2021 · Afr - [Accounting P1 NSC Nov 2020 Answer Book Afr](https://www.hlayiso.com/library/accounting-p1-nsc-nov-2020-answer-book-afr-2/f42d3e7f-93f7-42d0-9ab9-a62420582442) — Accounting · Addendum · 2020 · Afr - [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 ## 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. 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