# Accounting Grade 12 NSC June 2013 Memo

> Grade 12 Accounting memorandum from the NSC June 2013, 13 pages. Read online or get the free PDF download, question paper linked when available.

- Page: https://www.hlayiso.com/library/accounting-sg-2013-memo/86673c72-7f20-4d68-8f5f-40cc785eca7d
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 12
- Document type: Memorandum
- Year: 2013
- Exam period: NSC June
- Curriculum: CAPS
- Pages: 13

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## About this document

Accounting · Grade 12 · NSC June · 2013. Memorandum, 13 pages. Read online or download the PDF.

Read it free online on the page above; download the PDF from there.

## Document text

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### Page 1

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basic education

Department:
Basic Education
REPUBLIC OF SOUTH AFRICA

SENIOR CERTIFICATE EXAMINATION

_ ACCOUNTING
_ STANDARD GRADE.
213

POSSIBLE ANSWERS |

MARKS: 300

This memorandum consists of 13 pages.

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Accounting/SG 2 DBE/2013
SCE - Memorandum
QUESTION 1
1.1 DEBTORS' COLLECTION SCHEDULE OF TSHWANE TRADERS
FOR THE PERIOD 1 APRIL 2013 TO 31 MAY 2013
Credit sales April May
February R140 000 9800
March R133 000 vv 53 200 77 9 310
April v 147 000 vm 69 825] vu* 58 800
May v 126 000 vu 59 850
M$ 132 825 wu 127 960
W* - Any figure @$ must include R9 800
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Accounting/SG 3 DBE/2013
SCE ~ Memorandum
TSHWANE TRADERS

1.2 CASH BUDGET FOR THE PERIOD APRIL TO MAY 2013
CASH RECEIPTS April May
Cash sales _ 63000] vv 54 000
Collection from debtors (See 1.1) 1°) 132 825 u 127 960
Rent income vv 4000 v 4800
Fixed deposit # v 80 000
Interest on fixed deposit # v 5 000

YM 284 825 u 186 760
CASH PAYMENTS
Payments to creditors vv 81400] vv 85 250
Cash purchases v 73 600 7 82 500
Wages v 36000] vv 50 000
Advertisement v 2000] vv 2 200
Operating expenses v 3 000 uM 3 000
Equipment v 45 000

4 241 000 4 222 950
Surplus/Shortfall 4 43 825 Y (36 190)
Balance at the beginning of the month v or Gs) Y 25 079
Balance at the end of the month Ta) 25 079 4 (11 111)
# Can be combined @ Operation Mark figuers

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TOTAL MARKS

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Accounting/SG 4 DBE/2013°
SCE -— Memorandum
QUESTION 2
2.1 PS TRADERS
INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013
Sales (950 500 v— 10 500”) ic) 940 000
Cost of sales v (460 000)
Gross profit for the year ic) 480 000
Other income 4 60 904
Rent income (52 000 v— 4 000) 4 48 000
Discount received v 6 559
Bad debt recovered (4 700 v'+ 545v) u 5 245
Provision for bad debts recovered (2 800 v— 1 700) ic 1 100
Gross income for the year 540 904
Operating expenses ca) (450 304)
Packing material v 22 450
Stationery (32 232 v—2 932v) ira) 29 300
Salaries and wages v 187 178
Discount allowed v 4446
Bad debts (7 658 v'+ 1 500“) ir) 9 158
Water and electricity (46 643 “+ 2 040) Yu 48 683
Insurance (16 597 v- 750”) uw 15 847
Sundry expenses v 88 292
Trading stock deficit (73 400 v— 73 000v’) 400
Depreciation (18 550“) +( 23 000 V+ 3 000 )“ or ee ey) a 44 550
Operating profit ir) 90 600
Interest income (2 500 v'+ 500v) uw 3 000
4 93 600
Interest expense v (10 000)
Net income for the year 4 83 600
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Accounting/SG 5 DBE/2013
SCE - Memorandum
QUESTION 2.2
BOTSAM TRADERS
CURRENT ACCOUNTS
B Botha S Sammy Total
Partners’ salaries y 120 000 _ 108000}; M 228 000
Interest on capital v 60000] vv 27000}; 87 000
Primary distribution u 180 000 4 135000} MW 315 000
Share of remaining profit 4 42 000 4] 28000] 70 000
Net profit for the year 222 000 163 000 385 000
Drawings v (65 500) v (182 500) (248 000)
156 500 (19 500) 137 000
Balance at the beginning 7 Ei eaeoe) v 22800] (131 500)
Balance at the end 2 200 3 300 | v4 | 5 500
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Accounting/SG 6 DBE/2013
SCE —-— Memorandum
QUESTION 3
3.1 CASH RECEIPTS JOURNAL OF MOKEKI TRADERS — APRIL 2013 CRJ4
Doc Sundry
no. | Dav Details Bank accounts Fol Details
30 | Total 45 200 45 200
317 Nogi Traders v 8376] Vv 8376] VY | Stationery
B/S P Perrogo v 5950] vv 5950} ~ | Rentincome
B/S Stormer Bank | ¥ 86] v 86] ~ | Interest on curr. acc
59 612
4 Must include 45 200
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3.1 CASH PAYMENT JOURNAL OF MOKEKI TRADERS — APRIL 2013 CPJ 4
Doc f Sundry .
noe Day | Details Bank accounts Fol Details
30 | Total 39 750 39 750
331 Nogi Traders 7 8376)” 8376] v | Stationery
B/S B Naidoo v 567 | ¥ 567] ~ | Debtors’ control
B/S Hall Insurers _ 1000} ¥ 750} v | Insurance
v 250] “ | Drawings
BS Stormer Bank v 159 |v 159] ~ | Bank charges
mw 49 852
Must include 39 750
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AAA
Pm.
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Accounting/SG 7 DBE/2013
SCE - Memorandum
3.2 GENERAL LEDGER OF MOKEKI TRADERS
Dr BANK Cr
Sundry account
foe 1 | Balance bid | “| 20875 ae 31 | Total Chl wm | 49.852
payments”
Sundry account | cri
3 | Total teceiptsYy | 4 M| 59612 Balance 30 635
80 487 80 487
May |1 | Balance 30 635

3.3. BANK RECONCILIATION STATEMENT OF MOKEK! TRADERS -— 30 APRIL 2012
Cr Balance according bank statement vv 37 300
Cr Outstanding deposit vv 15211
Dr. Outstanding cheques - No. 295 vv 4545
- No. 331 vv 8 376
- No. 354 vv 8 955
Dr Balance as per bank account vv 30 635
Total must be the same §2511] 4 52511
Marking only figures
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Accounting/SG 8 DBE/2013
SCE - Memorandum

3.4 Give TWO examples of bank charges that will appear on the Bank Statement.

Service fee

Cash handling fee

Credit card levy

Cheque book
Electronic funds transfers v
ATM fees v
Etc.
TOTAL MARKS
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QUESTION 4
Dr GENERAL LEGER OF CHAD SWIMMING CLUB Cr
41 MEMBERSHIP FEES ACCOUNT
Income received
aan 4 | Acctued income ¥ 2 9600]] 72 |, |inadvance  v v 4440
Deferred income
Income received
Dec { 31 | in advance v 1920]] Dec | 31 | Bank v v 47 040
Deferred income
Membership fee
written off v 2 880
Baddebts Vv
Income & ,
expenditure vy v4 47 520 Accrued income Vv v 7 680
59 040 59 040
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Ger

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Accounting/SG 9 DBE/2013
SCE ~ Memorandum
4.2 CHAD SWIMMING CLUB
STATEMENT OF RECEIPTS AND PAYMENT FOR THE YEAR ENDED
31 DECEMBER 2012

RECEIPTS u 88 690
Membership fee Mu 47 040
Entrance fee v 5 500
Equipment v 950
Sale of refreshments (21 700V - 1 500”) u 20 200
Donation 4 15 000
PAYMENTS 4 (65 970)
Wages (9 600 v'+ 1 000 v+ 4 800 v’+ 500”) u 15 900
Bank charges v 490
Equipment v 10 500
Honorarium | 4400
Creditors for refreshments (4 200 v'+ 15 700 v—5 300”) uw 14 600
Operating expenses vv 10 800
Loan _ #8000
Interest on loan vv #1 280
Cash surplus/deficit for the year uw 22 720
Balance at beginning of year v wus 22)
Balance at end of year uw 791

#Can combine for three marks. a

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TOTAL MARKS

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Accounting/SG 10 DBE/2013
SCE — Memorandum
QUESTION 5
5A GENERAL LEDGER OF MASNEER CC
Dr MEMBERS’ CONTRIBUTION cr
Way _| 20 | Bank ¥ v 35.000]] 701" | 1 | Balance 384 000
Jun | 30 | Balance 372 500]} Oct | 21 | Equipment ¥ 23 500
407 500 407 500
2012 | 4 | Balance a 372 500
5.2
Dr LOAN TO P MASANGO Cr
2011 | 4 | Balance v 120000]] 7) |15| Vehicles Vo =v 50 000
aor tas|Bank oY =v 10 000
30 | Balance 60 000
120 000 120 000
2012
Jul | 1 | Balance u 60 000
7
5.3
Dr SARS — INCOME TAX Cr
2011 | 47 | Bank 19 350]] 701 | 1 | Balance 19 350
Dec | 30 | Bank 68 500}| 4°"2 | 28 | Incometax ¥ 118 750
2012 | 298 | Bank v 61500 30 | Balance w 11 250
149 350 149 350
ate 1 | Balance u 11250
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Accounting/SG 1" DBE/2013
SCE - Memorandum
5.4
Dr DISTRIBUTION PAYABLE TO MEMBERS Cr
au, 17 | Bank ¥ v 75 000}]70'' | + | Balance 75.000
2012 2012 Distribution to
‘Jun | 20 | Balance 95 000N Sine | 28 Members v 95 000
170 000 170 000
ay | 1 | Balance 95 000
5
5.5
Dr APPROPRIATION ACCOUNT Cr
202 | 30 | incometax ¥ |Z 118 750]} 70%? | 30 | Profit and loss” 380 000
Distribution to Retained
Members  ¥ 4 95 000 income v 65 656
Retained
feats y |g 231 906
445 656 445 656
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TOTAL MARKS.
40
40
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Accounting/SG 12 DBE/2013
SCE — Memorandum

QUESTION 6
BOOKS OF PIETERSE LIMITED
FIXED ASSETS
Land and '
building Vehicles Equipment
Cost 7 420000} v 340000] v 280 000
Accumulated :
depreciation (0) | v (145.600)| v (94 800)
Carringvalue at beginning ic) 420000] 4 194400] 4 185 200
MOVEMENTS
Additions at cost v 150 000 v 125 500
Depreciation (O)] ¥ (34000)} ¥ (12 600)
Carrying value at the end | @ 570000; 4 160400) 4 298 100
Cost v 570000} v 340000| vj 405 500
Accumulated depreciation (0); Uw (179 600)} WY (107 400)
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TRADE AND OTHER RECEIVABLES
Trade debtors v 56 543
Provision for bad debts (1 970V + 200”) uw (2 170)
54 373
Prepaid expenses v 6 600
Accrued income v 3 800
4 64773
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Accounting/SG 13 DBE/2013
SCE — Memorandum
ORDINARY SHARE CAPITAL
AUTHORISED
__850 000__ Ordinary shares atR_ 3 vv 2 550 000
ISSUED
___ 460 000_v__ shares issued the previous yearatR__3 4 1 380 000
____60000_Y___ shares issued during the yearatR__— 33 ss] 180 000
___520000_V___sharesatR___3__ on closing date u 1 560 000
OR

ISSUED
___400 000_V____ shares issued the previous yearatR__3_ 4 200 000
____ 60 000_“___ shares issued during the yearatR_ 3 |] 180 000
___460000_“___sharesatR__3__soon closing date 4 1 380 000
TRADE AND OTHER PAYABLES
Creditors’ control (93 569 v’+ 150 000VY” u 243 569
SARS - Income tax (50 350” — 49 500v'v) 4) 850
SARS - PAYE _ 12 600
MK - Pension funds Y 3 600
Accrued expenses (payable) v 41 302
income received in advance (deferred) ve 15 840
Shareholders for dividends _ 64 000

vy 351 761
@ - One part correct

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TOTAL MARKS

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