Accounting Grade 12 P2 November 2024 NSC Addendum (English)

Confidential STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P2 GRADE 12 NOVEMBER 2024 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 TOTAL This answer book consists of 12 pages. Copyright reserved Please turn over

Accounting/P2 2 DBE/November 2024 NSC – Answer Book Confidential QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2.1 Calculate the correct balance of the Debtors' Control on 31 August 2024. Balance before errors and omissions R359 100 (i) (ii) (iii) (iv) (v) (vi) Correct balance of Debtors' Control Account 5 1.2.2 Complete the correct Debtors' List on 31 August 2024. N Naidoo 63 000 S Sibiya 69 000 V Esterhuizen 114 000 J Nyoka 95 700 W du Plessis 11 500 Correct total of Debtors' List 14 Copyright reserved Please turn over

Accounting/P2 3 DBE/November 2024 NSC – Answer Book Confidential 1.3.1 Provide a calculation or figures to show why Timo Traders should not be satisfied with the figures in the Debtors' Age Analysis. Nov WORKINGS ANSWER 4 1.3.2 Explain TWO points of advice that you will offer to the owner. 4 1.4 Analyse the transactions under the headings below. Indicate the effect of EACH answer on the amount payable to SARS. EFFECT ON VAT VAT PAYABLE TO NO. CALCULATIONS AMOUNT SARS (INCREASE/DECREASE) E.g. 5 200 x 15/100 R780 Increase A. B. C. 10 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P2 4 DBE/November 2024 NSC – Answer Book Confidential QUESTION 2 Calculate: 2.1.1 The weighted average cost of ONE pair of sunglasses WORKINGS ANSWER 5 2.1.2 The number of sunglasses stolen WORKINGS ANSWER 4 The rand value of the sunglasses stolen, using the weighted-average stock valuation method WORKINGS ANSWER 2 2.1.3 The value of closing stock using the first-in-first-out (FIFO) method WORKINGS ANSWER 5 Copyright reserved Please turn over

Accounting/P2 5 DBE/November 2024 NSC – Answer Book Confidential 2.1.4 Explain how Nosisa could have proven Jack and Micha guilty of the theft of the stock. Provide ONE point. 2 What action should have been taken against Micha and Jack? Provide ONE point for each person. Micha (salesperson) Jack (supplier's driver) 4 2.2.1 TROUSERS Calculate the mark-up percentage achieved for trousers. WORKINGS ANSWER 3 Comment on whether the mark-up percentage would benefit the business or not. 2 Copyright reserved Please turn over

Accounting/P2 6 DBE/November 2024 NSC – Answer Book Confidential 2.2.2 CASUAL SHIRTS Comment on how the return of 120 casual shirts would affect the business negatively. Provide ONE point. 2 2.2.3 FORMAL SHIRTS Calculate how long (in days) it will take Mike to sell the closing stock of the formal shirts. WORKINGS ANSWER 4 Comment on ONE other point that might concern Mike about the formal shirts. 2 TOTAL MARKS 35 Copyright reserved Please turn over

Accounting/P2 7 DBE/November 2024 NSC – Answer Book Confidential QUESTION 3 3.1 PROJECTED STATEMENT OF CASH BUDGET COMPREHENSIVE INCOME RECEIPT PAYMENT INCOME EXPENSE E.g. 5 000 5 000 3.1.1 3.1.2 3.1.3 6 3.2 JESARY SUPERSPARES 3.2.1 Calculate the credit purchases for November 2024. WORKINGS ANSWER 4 CREDITORS' PAYMENT SCHEDULE FOR DECEMBER 2024 CREDIT MONTH NOVEMBER DECEMBER PURCHASES September 147 200 36 800 October 132 800 96 612 November 133 412 5 Copyright reserved Please turn over

Accounting/P2 8 DBE/November 2024 NSC – Answer Book Confidential Calculate: 3.2.2 (i) Rent expense for December 2024 WORKINGS ANSWER 2 (ii) Interest on loan for December 2024 WORKINGS ANSWER 4 (iii) Deposit to be paid on 30 November 2024 for the new computers installed WORKINGS ANSWER 3 (iv) Insurance for December 2024 WORKINGS ANSWER 3 (v) Salaries for November 2024 WORKINGS ANSWER 3 Copyright reserved Please turn over

Accounting/P2 9 DBE/November 2024 NSC – Answer Book Confidential 3.2.3 Explain the change in the sales policy effected by Bluey in compiling his budget for October 2024. Provide ONE point with figures. 2 The actual credit sales were higher than the budgeted credit sales for October 2024. Explain why Bluey should not be concerned. Provide TWO points with figures. 4 Comment on the control over delivery expenses and packing materials for October 2024. Quote figures. Delivery expenses Packing material 4 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P2 10 DBE/November 2024 NSC – Answer Book Confidential QUESTION 4 4.1 FLOWERPOTS MANUFACTURERS 4.1.1 Calculate the direct/raw material cost. WORKINGS ANSWER 4 4.1.2 Calculate the direct labour cost. Direct labour budgeted for the year 1 117 200 Resigned worker Overtime 7 4.1.3 Complete the Factory Overhead Cost Note. Incorrect factory overheads 1 132 700 8 Copyright reserved Please turn over

Accounting/P2 11 DBE/November 2024 NSC – Answer Book Confidential 4.2 TIMEPIECE MANUFACTURERS 4.2.1 Comment on the level of production and break-even point on 31 August 2024. 4 4.2.2 Comment on the gross profit earned by the business and the price charged for the watches. In your opinion, explain if Jabu's customers found the 2024 price reasonable. Provide figures. 4 4.2.3 Identify the TWO main costs that would have a positive effect on the selling price. In each case, provide a strategy that Jabu would have implemented. COST ITEM STRATEGY 4 Copyright reserved Please turn over

Accounting/P2 12 DBE/November 2024 NSC – Answer Book Confidential 4.2.4 Jabu wishes to increase his profit by R300 000 during the next financial year, while maintaining the costs. Calculate the price that he would have to charge his customers in order to produce 400 extra units. WORKINGS ANSWER 4 TOTAL MARKS 35 TOTAL: 150 Copyright reserved