# Accounting Grade 11 P2 Eastern Cape November 2023 Addendum > Grade 11 Accounting Paper 2 addendum from the Eastern Cape November Exam 2023 (English), 9 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-p2-gr11-answerbook-nov2023-english-watermark/27bb8396-4df9-4631-bae1-097b389d5b90 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 11 - Language: English - Document type: Addendum - Year: 2023 - Exam period: Eastern Cape November Exam - Paper: 2 - Curriculum: CAPS - Pages: 9 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 11](https://www.hlayiso.com/library/grade-11) › [Accounting](https://www.hlayiso.com/library/grade-11/accounting) › [Accounting Grade 11 P2 Eastern Cape November 2023 Addendum](https://www.hlayiso.com/library/accounting-p2-gr11-answerbook-nov2023-english-watermark/27bb8396-4df9-4631-bae1-097b389d5b90) ## About this document Accounting · Grade 11 · Eastern Cape November Exam · 2023 · English. Addendum, 9 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 GR11 QP NOV2023 English](https://www.hlayiso.com/library/accounting-p2-gr11-qp-nov2023-english/f476ab04-a9d8-48f8-8d61-d147a95b251f) — QP · 2023 · Eng ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 NAME OF LEARNER: NAME OF SCHOOL: NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2023 ACCOUNTING P2 ANSWER BOOK MAXIMUM MARKS MODERATED QUESTION MARKS OBTAINED MARKS 1 40 2 40 3 40 4 30 150 This answer book consists of 9 pages. ### Page 2 2 ACCOUNTING P2 (ANSWERBOOK) (EC/NOVEMBER 2023) QUESTION 1: RECONCILIATIONS 1.1.1 CASH RECEIPTS JOURNAL DETAILS OF SUNDRY ACCOUNT AMOUNT TOTAL b/f 117 600 6 CASH PAYMENTS JOURNAL DETAILS OF SUNDRY ACCOUNT AMOUNT TOTAL b/f 126 200 8 1.1.2 Calculate the correct Bank Account Balance. 4 1.1.3 BANK RECONCILIATION STATEMENT ON 31 AUGUST 2023 DEBIT CREDIT 7 Copyright reserved Please turn over ### Page 3 (EC/NOVEMBER 2023) ACCOUNTING P2 (ANSWERBOOK) 3 1.1.4 Explain any TWO different internal control measures that Flavo can implement, based on a problem you identified in the information provided. PROBLEM IDENTIFIED TWO INTERNAL CONTROL MEASURES 3 1.2 CREDITORS RECONCILIATION Reconciling the Creditors Ledger account with the Statement CREDITOR LEDGER STATEMENT FROM No. ACCOUNT OF NANDU SUPPLIERS NANDU SUPPLIERS Balance 40 100 21 020 A B C D E F TOTAL 12 Q1 40 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P2 (ANSWERBOOK) (EC/NOVEMBER 2023) QUESTION 2: COST ACCOUNTING 2.1.1 Calculate: Direct material cost WORKINGS ANSWER 5 Direct labour cost WORKINGS ANSWER 7 2.1.2 FACTORY OVERHEAD COST TOTAL BROUGHT FORWARD 321 580 TOTAL 8 2.1.3 GENERAL LEDGER OF WESTERN MANUFACTURERS WORK-IN-PROGRESS STOCK ACCOUNT 7 Copyright reserved Please turn over ### Page 5 (EC/NOVEMBER 2023) ACCOUNTING P2 (ANSWERBOOK) 5 2.2 NELSON’S FACTORY 2.2.1 Calculate the break-even point for the year ended 30 June 2023. 4 2.2.2 Explain whether Nelson should be satisfied with the level of production achieved for this financial year. Quote figures. 3 2.2.3 Identify TWO costs that should be of concern to Nelson. Quote figures. In EACH case, provide a possible solution to address the concern. COST IDENTIFIED SOLUTION TO ADDRESS THE CONCERN (with figures) 6 Q2 40 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P2 (ANSWERBOOK) (EC/NOVEMBER 2023) QUESTION 3: BUDGETING 3.1 DEBTORS COLLECTION SCHEDULE Month Credit sales OCTOBER NOVEMBER DECEMBER SEPTEMBER 399 000 179 550 47 880 OCTOBER 405 300 154 014 NOVEMBER 388 500 174 825 DECEMBER 143 640 8 3.2 Calculate: (i) Cash sales for November 2023 WORKINGS ANSWER 2 Calculate: (ii) Rent income for December 2023 WORKINGS ANSWER 2 Calculate: (iii) Loan that will be received in November 2023 WORKINGS ANSWER 4 Calculate: (iv) Payment to creditors in December 2023 WORKINGS ANSWER 3 Calculate: (v) Insurance for November 2023 WORKINGS ANSWER 3 Calculate: (vi) Drawings in December 2023 WORKINGS ANSWER 2 Copyright reserved Please turn over ### Page 7 (EC/NOVEMBER 2023) ACCOUNTING P2 (ANSWERBOOK) 7 3.3 Calculate: The % increase in salaries of office workers. WORKINGS ANSWER 4 Explain TWO points why they should be satisfied with the increase they will receive in December. 2 3.4.1 Calculate: total cost relating to the purchase of the vehicle WORKINGS ANSWER 4 3.4.2 Identify TWO additional items that must be included on the budget once the vehicle is purchased. 2 3.4.3 Besides the possibility of increased sales, explain TWO other advantages of the business purchasing the vehicle. 4 Q3 40 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P2 (ANSWERBOOK) (EC/NOVEMBER 2023) QUESTION 4: VAT AND FIXED ASSETS 4.1.1 Provide ONE explanation why some goods are classified as zero-rated. 2 4.1.2 VAT CALCULATIONS: WORKINGS ANSWER (i) (ii) (iii) (iv) 8 4.2 FIXED ASSETS 4.2.1 Provide TWO reasons why Sydney wanted to replace some assets. 4 4.2.2 Explain why Sydney wanted to record the computers separately. 2 Copyright reserved Please turn over ### Page 9 (EC/NOVEMBER 2023) ACCOUNTING P2 (ANSWERBOOK) 9 4.2.3 GENERAL LEDGER OF SS CONSULTANTS COMPUTERS B8 7 ASSET DISPOSAL ACCOUNT N9 7 Q4 30 TOTAL: 150 Copyright reserved Please turn over ## Related documents - [ACCOUNTING P1 GR11 MEMO NOVEMBER 2023 English watermark](https://www.hlayiso.com/library/accounting-p1-gr11-memo-november-2023-english-watermark-1/49899c38-504c-42fb-972e-2181fa910731) — Accounting · Memo · 2023 · Eng - [ACCOUNTING P1 GR11 QP NOV 2023 English watermark](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english-watermark/114f97da-f00d-48e5-b867-cc2fbc9acf2c) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR11 QP NOV 2023 English](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english/4a9ed09a-c470-41c0-8d03-0f4bd2f3f6c6) — Accounting · QP · 2023 · Eng - [Grade 11 ACC P2 (English) June 2023 Possible Answers](https://www.hlayiso.com/library/grade-11-acc-p2-english-june-2023-possible-answers/fa85abfa-9f3e-4e3a-ba88-499b2e0673a6) — Accounting · Memo · 2023 · Eng - [Gr 11 Accounting P2 (English) 2023 Possible Answers](https://www.hlayiso.com/library/gr-11-accounting-p2-english-2023-possible-answers/53a6d2b9-6d3d-4b2e-baad-b064b8a631d6) — Accounting · Memo · 2023 · Eng - [Gr 11 Accounting P2 (English) November 2022 Answer Book](https://www.hlayiso.com/library/gr-11-accounting-p2-english-november-2022-answer-book/320731cd-fc66-42d8-9601-ee85d15b1b01) — Accounting · Addendum · 2022 · Eng ## More from Grade 11 Accounting - [GR11 Accounting Practice exam November Paper 1](https://www.hlayiso.com/library/gr11-accounting-practice-exam-november-paper-1/a786fffb-f00d-472f-a62b-80f038063c5b) — Guide - [Grade 11 Accounting P2 November 2026 Mock](https://www.hlayiso.com/library/grade-11-accounting-2026-november-mock-exam-question-paper-paper-2/23b01a3d-4c7f-4c08-87ca-2f521d5b13fd) — QP · 2026 · Eng - [ACCOUNTING P2 MEMO GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-eng-watermark/7aa479bf-34d0-4240-934b-67a2f33e2597) — Memo · 2025 · Eng - [ACCOUNTING P2 MEMO GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-afr-watermark/a92dc10a-0d2e-42d6-9cd3-ff78b0e78afe) — Memo · 2025 · Afr - [ACCOUNTING ANS BOOK GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-ans-book-gr11-nov-2025-eng-watermark/23071d73-1633-476d-9eea-a35d45360d61) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr11-nov-2025-afr-watermark/c1345715-0e44-4f64-9844-4e1a4ca18c22) — QP · 2025 · Afr ## Collection - [Grade 11 past papers](https://www.hlayiso.com/grade-11/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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