# Accounting Grade 12 P2 Eastern Cape June 2025 Addendum (Eng) > Grade 12 Accounting Paper 2 addendum from the Eastern Cape June Exam 2025 (English), 16 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p2-answer-book-gr12-jct-2025-eng-d-watermark/4ffd6975-f977-452b-a840-95d4a8df5c81 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2025 - Exam period: Eastern Cape June Exam - Paper: 2 - Curriculum: CAPS - Pages: 16 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 P2 Eastern Cape June 2025 Addendum (Eng)](https://www.hlayiso.com/library/accounting-p2-answer-book-gr12-jct-2025-eng-d-watermark/4ffd6975-f977-452b-a840-95d4a8df5c81) ## About this document Accounting · Grade 12 · Eastern Cape June Exam · 2025 · English. Addendum, 16 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Matching paper and memo - [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 ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Name: NATIONAL SENIOR CERTIFICATE GRADE 12 JUNE 2025 ACCOUNTING P2 ANSWER BOOK MARKS MODERATED QUESTION MAX. MARKS OBTAINED MARKS 1 35 2 45 3 35 4 35 150 *JACCNE2* This answer book consists of 9 pages. ### Page 2 2 ACCOUNTING P2 (EC/JUNE 2025) QUESTION 1 1.1 DEBTORS’ AGE ANALYSIS 1.1.1 Explain ONE point to illustrate why a debtor’s age analysis is an important internal control measure for any business who sells on credit. Any ONE 33 Accept incomplete answers for part marks ● Identify slow / non-paying debtors ● Identify debtors not abiding to the credit terms Identify debtors ex ● NAME 3 3 FIGURE 3 credit e adjusted 2 1.1.2 Refer to Information B and explain TWO problems highlighted by the debtors’ age analysis. Provide names and figures in your answer. PROBLEM NAME AND FIGURES 6 1.2 DEBTORS’ RECONCILIATION No. Debtors’ Control Debtors’ List account Preliminary balance/total R65 600 R67 790 (i) + 2 500 3 (ii) - 1 300 3 (iii) + 1 800 3 (iv) - 2 700 3 - 2 700 3 (v) - 90 3 (vi) - 2 400 33 (vii) - 2 500 3 - 2 500 3 (viii) No entry 3 OR [+3 5 (ix) + 1 800 3 + 1 800 ☑ (x) - 900 3 Correct balance/total 63 100 ☑* 63 100 17 Copyright reserved Please turn over ### Page 3 (EC/JUNE 2025) ACCOUNTING P2 3 1.3 CREDITORS Makanda Traders are not completely satisfied with the quality of goods received from Gqeberha Services. Suggest TWO factors to consider before changing suppliers. Any TWO 33 Accept incomplete answers fo r part Will alternative supplier be able to meet the demands of the business x The quality of the products they are able to deliver x Sprong Services is a client and might take his business else where 4 1.4 BANK RECONCILIATION DEBIT CREDIT Credit balance according to bank 3 53 900 statement Credit late deposit 38 250 3 Debit outstanding EFO No 675 5 400 3 Debit mistake on EFO No 687 900 3 Credit unidentified debit order 2 500 3 Debit balance according to bank account 88 350 5 * 94 650 94 650 OR ONE-COLUMN METHOD BANK RECONCILIATION STATEMENT Credit balance according to bank statement Credit late deposit Debit outstanding EFO No 675 5 400 3 Debit mistake on EFO No 687 900 3 Credit unidentified debit order Debit balance according to bank account 88 350 5* 94 650 6 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P2 (EC/JUNE 2025) QUESTION 2 2.1 CONCEPTS 2.1.1 selling and distribution cost 3 2.1.2 direct material cost 3 2.1.3 factory overhead cost 3 2.1.4 administration cost 3 4 2.2.1 Calculate the direct material cost. CALCULATION ANSWER 260 500 3+ 1 500 600 3 + 89 000 3 – 13 700 3 1 653 3000☑* * One partorrect – 183 1003 = 6 Calculate the direct labour cost. CALCULATION ANSWER Normal time 9 x 60 x 1 950 = 1 053 000 3☑* Over time 150 x 60 x 1,5 = 13 500 3☑* 1 171 800 ☑* Contribution 10% of normal time 105 300 ☑ * One part correct 6 Calculate the factory overhead cost. Preliminary total R530 200 Rent expense (60 000 x 6/3 x 6/10) - 60 000 + 12 000 3 72 000 ☑* Water and electricity (248 800 x 20%) - 48 160 3 ☑* Insurance (85 000 x 70%) + 59 500 3 ☑* 553 540*☑ One part orrect 7 2.2.2 Production Cost Statement for the year ended 30 April 2025. Direct material costSee 2.2.1( 1 653 300 ☑ Direct labourSee 2.2.1(ii) 1 171 800 ☑ Prime cost 3 2 825 100 ☑ Factory overhead cost See 2.2.1(iii) 553 540 ☑ Total manufacturing cost 3 378 640 ☑ Work-in-progress (1 May 2024) 75 200 3 3 453 840 Work-in-progress (30 April 2025) Balancing figure (15 840) ☑ Cost of production of finished goods (3x R900) 3 438 00t correct 9 Copyright reserved Please turn over ### Page 5 (EC/JUNE 2025) ACCOUNTING P2 5 2.2.3 Calculate the break-even point for 2025. CALCULATION ANSWER 1 008 000 3 2 520 units ☑ 1 350 33 – 950 33 One part correct 400 four marks 6 Explain whether the owner should be concerned or not about the results. Provide figures in your explanation. Compare BEP with level of production (with figures) 33 ● The owner should not be concerned as the business produced and sold 3 820 laptop bags and the break-even point is 2 520 (see 2.2.3 above) The business made profit on 1 300 laptop bags. 3 2.2.4 Explain the difference between fixed and variable cost. 3 3 Part marks for incomplete answers Fixed cost stays the same irrespective of the number of units manufactured. Variable cost increases/decreases as number of units manufactured decreases/increases. 2 2.2.5 Explain the term “economy of scale” in terms of fixed cost. 3 3 Part marks for incomplete answers As more units are produced, the fixed cost per unit will decrease. 2 TOTAL MARKS 45 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P2 (EC/JUNE 2025) QUESTION 3 3.1 CONCEPTS 3.1.1 D Specific identification 3 3.1.2 A First-in-first-out 3 3.1.3 E Weighted average 3 3.1.4 C Perpetual system 3 4 3.2 INVENTORY VALUATION 3.2.1 Calculate the unit price of the cricket bats on 1 March 2024. CALCULATION ANSWER 1 050 000 R1 500 33 700 no part marks 2 3.2.2 Calculate the value of the stock on hand on 28 February 2025. CALCULATION ANSWER 1 050 000 3+12 575 000 3 - [18 000+106 000] 3+218 300 3 x 930 3 [700 + 6 300] 3- 50 3 13 719 300 ( 1 R1 835 820 ☑ One part correct Check operation 8 3.2.3 Calculate the gross profit on 28 February 2025. CALCULATION ANSWER Sales (6 050 x R3 200) 19 360 000 35 7 476 520 5* Cost of sales (13 719 300 5 - 1 835 820 5) 11 883 480 5 *One part correct Check operation 6 Copyright reserved Please turn over ### Page 7 (EC/JUNE 2025) ACCOUNTING P2 7 3.2.4 Calculate how many days it should take to sell the closing stock of cricket bats. Use the closing stock in your calculation. Give a short comment on your answer, keeping in mind that the stock holding period for 2024 was 34 days. CALCULATION ANSWER 1 835 820 ☑ (see 3.2.2) x 365 = 56,4 days ☑ 11 883 480 5 (see 3.2.3) One part COMMENT Any ONE comment 33 Part marks for incomplete answers. Answers depend on calculation above x Stockholding period increased from 34 days to 56,4 days (see above) x Money is tied up in stock for longer than in 2024 (only 34 days). much stock x More possibilities of stock theft Stock might become obsolete /better bats on the market 5 3.2.5 Rabada suspects that some of the cricket bats were stolen during the year. Provide a calculation to support his concern. Give TWO points of advice to Rabada to improve this situation. CALCULATION ANSWER [700 + 6 300 - 50] 6 950 5(see 3.2.2) - 6 050 3 - 930 3 = 30 stolen 5 ADVICE Any TWO advice 33 33 Part marks for incomplete answers x Improve physical security x Security tags on equipment x Division of duties x Regular stock counts should be verified by against stock cards/account 8 3.2.6 Explain ONE reason why the business uses different methods to value their stock.e valid point 33 Part marks for incomplete ans of cricket bats stays relative constant. 2 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P2 (EC/JUNE 2025) QUESTION 4 4.1 FIXED ASSETS 4.1.1 Calculate the carrying value of land and buildings on 1 March 2024. CALCULATION ANSWER 5 100 000 – 860 000 = 4 240 000 33 (No part marks) 2 4.1.2 A building similar in size and location to the company’s building was recently sold for R10 000 000. The chief executive director requested the internal auditor to revalue the company’s buildings to R8 000 000. Explain why the internal auditor have a problem with this request. Refer to a GAAP principal in your explanation. of figures from year to year. 3 4.1.3 Calculate the total depreciation on vehicles for the year ended 28 February 2025. CALCULATION ANSWER Old Vehicles: 700 000 x 15% = 105 000 Æ R20 000 33 Max c/v 57 000 5 New vehicles: 740 000 3 15% x 4/12 3 37 000 5 (One part correct) (One part correct) 6 4.1.4 Calculate the total accrued depreciation of the equipment sold on 31 October 2024. CALCULATION ANSWER 1/03/22 - 28/02/23 30 000 x 10/100 3 000 3 7 320 5 1/03/22 - 28/02/24 [30 000 – 3 000] x 10% 2 (One part correct) 70035 1/03/24 - 31/10/24 [30 000 – 5 700] x 10% x 8/12 3 1 62035 6 Copyright reserved Please turn over ### Page 9 (EC/JUNE 2025) ACCOUNTING P2 9 4.1.5 General ledger of Govender Ltd Asset Disposal Account 5 4.1.6 An employee wanted to buy the old equipment and was extremely dissatisfied when he heard that the equipment was sold to one of the directors. Comment on this situation. Any TWO 33 33 It is unethical conduct of the director. Equipment was sold as a loss of R17 680 Should have been made available for any one Selling price should have been much higher 4 4.2 PROBLEM-SOLVING PROBLEM (WITH FIGURES) ADVICE Closing stock is too high (400 Order stock as required unsold of 550 available) / Reduce selling price Vincent Very low sales (150 of 550) Sales promotions / advertise to Mark-up too high (70%) increase sales Decrease mark-up % Training of sales staff High number of bikes returned Train staff to reduce repairs for repairs (10) Investigate missing cash Cambridge Missing cash (R285 000) Division of duties – 2 different people to receive and deposit cash Not enough stock to meet Get stock from Vincent shop demand (500 orders, only 380 Purchase more stock available) Selborne No stock on hand to start new ye (0) 9 TOTAL MARKS 35 TOTAL: 150 Copyright reserved Please turn over ## Related documents - [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 - [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Accounting · Memo · 2025 · Eng - [ACCOUNTING P2 GR12 ANSWERBOOK SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-answerbook-sept2020-english/7c7795c6-891d-43ba-bdd7-60bcccc8c166) — Accounting · Addendum · 2020 · 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 - [Accounting P1 May-June 2025 MG Eng](https://www.hlayiso.com/library/accounting-p1-may-june-2025-mg-eng/b3a00324-c447-494b-9131-3046982cc2bb) — Accounting · Memo · 2025 · Eng - [NW 12 ACCOUNTING P1 QP ENG JUNE 2025](https://www.hlayiso.com/library/grade-12-accounting-2025-nw-june-exam-question-paper-paper-1-english/71996a3f-565b-45f7-aff5-a473ed76ff71) — Accounting · QP · 2025 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [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 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 - [ACCOUNTING P1 MEMO GR12 JUNE 2024 English](https://www.hlayiso.com/library/accounting-p1-memo-gr12-june-2024-english/ef245808-e780-418c-ba92-6f41e021a333) — Memo · 2024 · Eng - [ACCOUNTING P1 QP GR12 JUNE 2024 English](https://www.hlayiso.com/library/accounting-p1-qp-gr12-june-2024-english/11d1ced2-c8c5-4ce3-97cc-34b06c5cad08) — QP · 2024 · Eng - [ACCOUNTING P1 GR12 QP SEPT2024 English](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept2024-english/815577e2-9528-4d64-854e-0d3f0cc0dd78) — QP · 2024 · Eng ## 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.