Accounting Grade 12 P2 Eastern Cape Mock 2021 QP (isiXhosa)

Downloaded from hlayiso.com STICKER INOMBOLO YESENTA INOMBOLO YOVIWO NATIONAL SENIOR CERTIFICATE ACCOUNTING P2 IBANGA 12 PREPARATORY 2021 INCWADI YOKUPHENDULELA UMBUZO AMANQAKU INITIAL MOD. 1 2 3 4 TOTAL Le ncwadi yokuphendulela inamaphepha ali-10. *AcABXH2* Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 2 DBE/Septemba 2021 NSC –Incwadi yokuphendulela UMBUZO 1 1.1 1.1.1 1.1.2 1.1.3 1.2.1 Bala (calculate) iindleko zezithako. Bala Impendulo 1.2.2 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2020 Direct material cost Prime cost Total manufacturing cost Work-in-progress (1 March 2019) 53 500 Total cost of production of finished goods 18 1.2.3 Nika iinkxalabo (concerns) zibe MBINI ozibona kulemeko ichazwe ngentla. Kwaye, nika isiphakamiso sibe SINYE sokusombulula ezi nkxalabo uzinikileyo. IINKXALABO EZIMBINI: ISIPHAKAMISO: 6 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 3 DBE/Septemba 2021 NSC –Incwadi yokuphendulela 1.3 FRAGRANCE MANUFACTURERS 1.3.1 Nika ivariable cost ibeNYE yemveliso nganye ebingalawulwanga kakuhle. Qaphela ukuba I inflation rate ngu 6%. Nika amanani. Kwisehlo ngasinye, nika isisombululo sengxaki oyibonileyo. VARIABLE COST (with figures) ISISOMBULULO IZIQHOLO ISHAMPOO 6 1.3.2 Bala ubonisa ukuba ibreak-even point u 26 250 units yeziqholo kunyaka u 2020 ichanekile. Bala Impendulo 4 1.3.3 Phawula(comment) ngebreak-even point kunye neqondo lokuvelisa iziqholo. Nika amanqaku AMABINI namanani. 4 AMANQAKU EWONKE 45 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 4 DBE/Septemba 2021 NSC –Incwadi yokuphendulela UMBUZO 2 2.1 DEBTORS' RECONCILATION 2.1.1 CORRECTIONS TO THE DEBTORS' CONTROL ACCOUNT 30 SEPTEMBER 2020 Balans phambi kweempazamo nezishiyelelweyo 100 310 (i) (ii) (iii) (iv) (v) (vi) Ibalans eyiyo ye Debtors' Control Account 2.1.2 DEBTORS' LIST ON 30 SEPTEMBER 2020 D Dlamini 27 000 G Swardt 22 470 N Nomandla 17 600 L Vos 34 440 X Meyer – 2 000 Isambuku esisiso se Debtors’ List 11 2.1.3 Jonga ku Lwazi u C. Bala ipesenti (%) ye debtors ezingaziqwalaseliyo izivumelwano zokuthengiselana ngetyala (credit terms). Bala Impendulo 4 Jonga kuLwazi u A. Chonga ibe NYE ingxaki eyenye malunga nokulawla idebtors. 2 Nika iziphakamiso zibe MBINI zokukhawulelana nezingxaki ziboniweyo. 2 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 5 DBE/Septemba 2021 NSC –Incwadi yokuphendulela 2.2 VAT 2.2.1 Bala isixa seVAT emasihlawulwe kuSARS nge 31 August 2020. Bala Impendulo 9 2.2.2 Cebisa umgcini zincwadi ngendlela yokuphatha lo mba wamaxwebhu afakwe ngu Tom Smith. Nika amanqaku abe MABINI. 4 AMANQAKU EWONKE 40 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 6 DBE/Septemba 2021 NSC –Incwadi yokuphendulela UMBUZO 3 3.1 Bala ixabiso le closing stock usebenzisa iFIFO method. Bala Impendulo Bala ixesha le stock-holding (ngokweentsuku) usebenzisa isixa se closing stock. Bala Impendulo Bala i % mark-up on cost. Bala Impendulo 3.2.1 Thelekisa imark-up % efunyenwe ngohlobo ngalunye ze uphawule ngendlela echaphazele ngayo intengiso nengeniso yezi ntlobo. Caphula amanani okanye izibonisi (indicators) 4 3.2.2 Thelekisa ixesha le stock-holding ne demand yohlobo ngalunye ze uphawule ngendlela ezichaphazele ulawulo lwe stock items lwezi ntlobo zimbini. Caphula amanani okanye izibonisi (indicators). 4 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 7 DBE/Septemba 2021 NSC –Incwadi yokuphendulela 3.3 Bala ixabiso leewotshi ezingama 270 usebenzisa iweighted-average method Bala Impendulo 5 Chaza umphumela woku kwi gross profit. Caphula (figures). 2 Chaza ukuba kutheni kungalunganga ukuba asebenzise iweighted- average method kwiiwotshi ezintsha kwixa elizayo. Nika iimpawu zibeMBINI. 4 AMANQAKU EWONKE 30 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 8 DBE/Septemba 2021 NSC –Incwadi yokuphendulela UMBUZO 4 4.1 Complete the Creditors' Payment Schedule ka February 2021. Credit December January February purchases 2020 2021 2021 R R R R December 198 000 132 000 January 144 000 February 7 4.2 Ipesenti (%) yokonyuka elindelwe kwiindleko zezokhuseleko ukusuka nge 1 February 2021 Bala Impendulo Ipesenti (%) yekhomishini ehlawulwe abathengisi ngo February 2021. Bala Impendulo Amanzi nombane ebekelwe (budgeted) bucala ku December 2020. Bala Impendulo Imbuyekezo yemboleko-mali izakwenziwa nge 31 December 2020. Bala Impendulo 12 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 9 DBE/Septemba 2021 NSC –Incwadi yokuphendulela 4.3 Phawula malunga nolawulo lwe packing materials. C a p h u l a amanani okanye ubale. Phawula malunga nolawulo lwe consumable stores. C a p h u l a amanani okanye ubale. 6 4.4 Nika isizathu sibe SINYE sokuba kutheni wayengafuni ukungayibhatali imivuzo. 2 Chonga intlawulo ENYE ekuluhlu elikulwazi uD abengazokwazi ukungayikhuphi. unike nesizathu. Intlawulo oychongileyo: isizathu: 2 Chonga intlawulo ENYE kuluhlu elikulwazi uD abenokuyiyeka, unike nesizathu. Intlawulo oychongileyo: isizathu: 2 Ilungelo lokufotokopa likhuselwe Tyhila

Downloaded from hlayiso.com Accounting/P2 10 DBE/Septemba 2021 NSC –Incwadi yokuphendulela 4.5 Ngaphandle kokungenisa intengiso okanye ukusebenzisa imoto, nika iintlobo zoncedo zibe MBINI anokuzifumana kwi option NGANYE. TWO advantages of Option X (ukuyithenga imoto): ADVANTAGE 1 ADVANTAGE 2 TWO advantages of Option Y (ukuyiqesha imoto): ADVANTAGE 1 ADVANTAGE 2 4 AMANQAKU EWONKE 35 TOTAL: 150 Ilungelo lokufotokopa likhuselwe

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Accounting/P2 10 DBE/November 2020 NSC – Answer Book 4.5 Apart from generating more sales or having the use of the vehicle, state TWO advantages of EACH option. TWO advantages of Option X (buy the vehicle): ADVANTAGE 1 ADVANTAGE 2 TWO advantages of Option Y (hire/lease the vehicle): ADVANTAGE 1 ADVANTAGE 2 4 TOTAL MARKS 35 TOTAL: 150 Copyright reserved Downloaded from hlayiso.com

Accounting/P2 9 DBE/November 2020 NSC – Answer Book 4.3 Comment on the control of packing materials. Quote figures or calculations. Comment on the control of consumable stores. Quote figures or calculations. 6 4.4 Give ONE reason why he did not want to stop paying salaries and wages. 2 Identify ONE other payment in the list in Information D that he would not have been able to stop and give a reason. ONE other payment identified: Reason: 2 Identify ONE payment in the list in Information D that he would have stopped and give a reason. ONE payment identified: Reason: 2 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 8 DBE/November 2020 NSC – Answer Book QUESTION 4 4.1 Complete the Creditors' Payment Schedule for February 2021. Credit December January February purchases 2020 2021 2021 R R R R December 198 000 132 000 January 144 000 February 7 4.2 Calculate the % increase expected in security costs from 1 February 2021. Workings Answer Calculate the % commission paid to salespersons during February 2021. Workings Answer Calculate the water and electricity budgeted for December 2020. Workings Answer Calculate the loan repayment to be made on 31 December 2020. Workings Answer 12 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 7 DBE/November 2020 NSC – Answer Book 3.3 Calculate the value of the 270 watches using the weighted-average method. Workings Answer 5 Explain the effect this would have on the gross profit. Quote figures. 2 Explain why it would not be appropriate for her to use the weighted-average method for the new watches in the future. State TWO points. 4 TOTAL MARKS 30 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 6 DBE/November 2020 NSC – Answer Book QUESTION 3 3.1 Calculate the value of the closing stock using the FIFO method. Workings Answer 5 Calculate the stock-holding period (in days) using the closing stock amount. Workings Answer 3 Calculate the % mark-up on cost. Workings Answer 3 3.2.1 Compare the mark-up % achieved on each model and comment on how this has affected the sales and profitability of the two models. Quote figures or indicators. 4 3.2.2 Compare the stock-holding period for each model and the demand for each model and comment on how these affected the management of the stock items of the two models. Quote figures or indicators. 4 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 5 DBE/November 2020 NSC – Answer Book 2.2 VAT 2.2.1 Calculate the VAT amount that is payable to SARS on 31 August 2020. Workings Answer 9 2.2.2 Advise the accountant on dealing with the matter of the documents submitted by Tom Smith. State TWO points. 4 TOTAL MARKS 40 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 4 DBE/November 2020 NSC – Answer Book QUESTION 2 2.1 DEBTORS' RECONCILATION 2.1.1 CORRECTIONS TO THE DEBTORS' CONTROL ACCOUNT 30 SEPTEMBER 2020 Balance before errors and omissions 100 310 (i) (ii) (iii) (iv) (v) (vi) Correct balance of Debtors' Control Account 8 2.1.2 DEBTORS' LIST ON 30 SEPTEMBER 2020 D Dlamini 27 000 G Swardt 22 470 N Nomandla 17 600 L Vos 34 440 X Meyer – 2 000 Correct total of Debtors' List 11 2.1.3 Refer to Information C. Calculate the % of debtors who do not comply with the credit terms. Workings Answer 4 Refer to Information A. Identify ONE other problem with regard to the control over debtors. 2 Provide TWO suggestions to address the problems identified. 2 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 3 DBE/November 2020 NSC – Answer Book 1.3 FRAGRANCE MANUFACTURERS 1.3.1 Identify ONE variable cost of each product that was not well controlled. Note that the inflation rate is 6%. Quote figures. In each case, give a solution for the problem identified. VARIABLE COST (with figures) SOLUTION PERFUMES SHAMPOOS 6 1.3.2 Provide a calculation to prove that the break-even point of 26 250 units for perfumes in 2020 is correct. Workings Answer 4 1.3.3 Comment on the break-even point and level of production of perfumes. State TWO points with figures. 4 TOTAL MARKS 45 Copyright reserved Please turn over Downloaded from hlayiso.com

Accounting/P2 2 DBE/November 2020 NSC – Answer Book QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2.1 Calculate the direct material cost. Workings Answer 4 1.2.2 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2020 Direct material cost Prime cost Total manufacturing cost Work-in-progress (1 March 2019) 53 500 Total cost of production of finished goods 18 1.2.3 Identify TWO concerns regarding James's job card. Also provide ONE suggestion to address the concerns identified. TWO CONCERNS: ONE SUGGESTION: 6 Copyright reserved Please turn over Downloaded from hlayiso.com

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P2 GRADE 12 PREPARATORY 2021 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 TOTAL This answer book consists of 10 pages. *Acabe2* Copyright reserved Please turn over Downloaded from hlayiso.com