# Accounting Grade 12 P2 Eastern Cape Mock 2025 Addendum (Eng) > Grade 12 Accounting Paper 2 addendum from the Eastern Cape Mock Exam 2025 (English), 11 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p2-eng-answer-book-gr12-september-2025-eng-watermark/f14e46cb-dfb4-49df-84a2-e418c7bd43b9 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2025 - Exam period: Eastern Cape Mock Exam - Paper: 2 - 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 P2 Eastern Cape Mock 2025 Addendum (Eng)](https://www.hlayiso.com/library/accounting-p2-eng-answer-book-gr12-september-2025-eng-watermark/f14e46cb-dfb4-49df-84a2-e418c7bd43b9) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2025 · 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 SEPTEMBER 2025 ACCOUNTING P2 ANSWER BOOK MARKS MODERATED QUESTION MAX. MARKS OBTAINED MARKS 1 40 2 35 3 35 4 40 150 This answer book consists of 11 pages. ### Page 2 2 ACCOUNTING P2 (EC/SEPTEMBER 2025) QUESTION 1 1.1 INTERNAL CONTROL 1.1.1 The bookkeeper, Pearly, is responsible for processing and controlling all EFT transactions. The internal auditor is concerned that there is no division of duties. Explain ONE reason why the internal auditor is concerned about the lack of division of duties. 2 1.1.2 Many customers prefer paying with cash, but Dlamini wants to run his business completely cashless. • Identify ONE potential challenge. • Identify ONE advantage of using EFT’s except being fast and time- saving. CHALLENGE ADVANTAGE 4 Copyright reserved Please turn over ### Page 3 (EC/SEPTEMBER 2025) ACCOUNTING P2 3 1.2 BANK RECONCILIATION 1.2.1 CASH RECEIPTS CASH PAYMENTS JOURNAL JOURNAL R90 850 R85 750 10 1.2.2 Calculate the Bank account balance in the ledger on 31 August 2025. 4 1.2.3 BANK RECONCILIATION STATEMENT DEBIT CREDIT 6 OR 6 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P2 (EC/SEPTEMBER 2025) 1.3 CREDITORS’ RECONCILIATION Number CREDITORS LEDGER CREDITORS RECONCILIATION STATEMENT Opening Balances A B C D E F G Closing Balances 14 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 5 (EC/SEPTEMBER 2025) ACCOUNTING P2 5 QUESTION 2 2.1 FRESH SIP SOFT DRINK MANUFACTURERS 2.1.1 Calculate the direct labour cost. CALCULATION ANSWER 4 Calculate the selling and distribution cost. 12 2.1.2 Production Cost Statement for the year ended 31 August 2025. Direct material cost 2 038 760 Prime cost Factory overhead cost 853 540 Total manufacturing cost Work-in-progress (1 September 2024) Work-in-progress (31 August 2025) Cost of production of finished goods 5 2.1.3 Calculate the cost of sales for the year ended 31 August 2025. CALCULATION ANSWER 4 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P2 (EC/SEPTEMBER 2025) 2.2 KAMP MANUFACTURERS 2.2.1 Calculate the selling price of each product on 30 June 2025. CALCULATION ANSWER 4 2.2.2 The business switched to solar energy, reducing electricity expenses and total fixed costs. However, the fixed cost per unit increased. Explain how this situation illustrates diseconomies of scale. Quote figures. 4 2.2.3 The owner is concerned about the increasing direct labour cost per unit. Suggest ONE possible reason for this increase, excluding normal inflation. 2 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 7 (EC/SEPTEMBER 2025) ACCOUNTING P2 7 QUESTION 3 3.1 CONCEPTS 3.1.1 3.1.2 3.1.3 3 3.2 INVENTORY VALUATION 3.2.1 Calculate the total value of closing stock of photo/video booths on 30 June 2025. CALCULATION ANSWER Selfie Photo Booth 360 Video Booth 8 3.2.2 Calculate the value of the closing stock of printers on 30 June 2025. CALCULATION ANSWER 4 3.2.3 Calculate the cost of sales of the printers for the year ended 30 June 2025. CALCULATION ANSWER 4 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P2 (EC/SEPTEMBER 2025) 3.2.4 Calculate the gross profit made on the printers. CALCULATION ANSWER 4 3.2.5 Explain to the owner why the bookkeeper is correct in using the closing stock 90 closing stock 365 following calculation: cost of sales x 1 instead of cost of sales x 1 . Quote figures, using number of days/months. 3 3.3 Identify ONE different problem (including figures) for each product and provide a solution for each problem. PROBLEM SOLUTION WITH FIGURES CELL PHONES SMART WATCHES TABLETS 9 TOTAL MARKS 35 Copyright reserved Please turn over ### Page 9 (EC/SEPTEMBER 2025) ACCOUNTING P2 9 QUESTION 4 4.1 FADA’S SUIT AND TIE SHOP 4.1.1 CALCULATE THE % OF DEBTORS: (i) Who will settle their accounts in the second month after the month of the credit sales transaction. CALCULATION ANSWER 3 (ii) Written off as bad debts at the end of the third month after the month of the credit sales transaction. CALCULATION ANSWER 3 4.1.2 Identify TWO items that were recorded incorrectly in the Cash Budget. Give ONE reason why these items are not recorded in the Cash Budget. TWO ITEMS REASON 3 4.1.3 CALCULATE THE MISSING AMOUNTS (i) Cash Sales ANSWER 2 (ii) Interest on fixed deposit ANSWER 5 Copyright reserved Please turn over ### Page 10 10 ACCOUNTING P2 (EC/SEPTEMBER 2025) (iii) Payment to creditors ANSWER 3 (iv) Directors’ fees ANSWER 4 4.2.1 BUDGETED FIGURES COMPARED TO ACTUAL FIGURES (i) Marike implemented a new payment method for the salespersons. Explain how this change has benefited both the business and the salespersons. Quote figures. BUSINESS SALES PERSONS 4 (ii) Identify TWO strategies Marike used to improve sales targets for September 2025, excluding the payment of salespersons. Quote figures. 4 Copyright reserved Please turn over ### Page 11 (EC/SEPTEMBER 2025) ACCOUNTING P2 11 (iii) Despite the overspending on packing material, Marike is not concerned. Explain the reason for this. Quote relevant percentages. 4 (iv) Comment on control over the maintenance of equipment for September 2025. No figures required. 2 (v) The actual amount spent on packing material includes VAT at 15%. Calculate the VAT amount. 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