# Accounting Grade 12 NSC June 2013 Addendum > Grade 12 Accounting addendum from the NSC June 2013, 15 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accounting-sg-2013-qp-annexure/ff3cc9c4-d681-49ce-867c-6779dd6689ae - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2013 - Exam period: NSC June - Curriculum: CAPS - Pages: 15 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 NSC June 2013 Addendum](https://www.hlayiso.com/library/accounting-sg-2013-qp-annexure/ff3cc9c4-d681-49ce-867c-6779dd6689ae) ## About this document Accounting · Grade 12 · NSC June · 2013. Addendum, 15 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 basic education Department: Basic Education REPUBLIC OF SOUTH AFRICA SENIOR CERTIFICATE EXAMINATION ACCOUNTING STANDARD GRADE 2013 MARKS: 300 TIME: 3 hours ACCOUNTING SG 4012E 40120E This question paper consists of 15 pages and a 13-page answer book. X@5 TI GAUTENG Please turn over Copyright reserved ### Page 2 Downloaded from hlayiso.com Accounting/SG 2 DBE/2013 SCE LEAVE THIS PAGE BLANK ST Ts FUT AUATO OE hceataiibaiel GAUTENG ### Page 3 Downloaded from hlayiso.com Accounting/SG 3 DBE/2013 SCE INSTRUCTIONS AND INFORMATION 1. 2. Answer ALL the questions. A special ANSWER BOOK is provided in which to answer ALL the questions. Show ALL the calculations in order for part marks to be allocated. Read the instructions carefully and follow them precisely. Candidates will forfeit marks for the following: 5.1 Important dates which are omitted 5.2 Use of non-standardised abbreviations 5.3 Over-writing of figures 5.4 Superfluous entries/foreign items/errors of principle Non-programmable calculators may be used. No pages may be removed from the ANSWER BOOK. Use the information in the table below as a guide when answering the questions and try not to deviate from it. QUESTION TOPIC MARKS AEST 1 Budget 50 30 2 Partnership 70 45 3 Bank reconciliation 45 26 4 Club 45 27 5 Close corporation 40 22 6 Company 50 30 300 180 coheed NUMA se ### Page 4 Downloaded from hlayiso.com Accounting/SG 4 DBE/2013 SCE QUESTION 1 BUDGET (50 marks; 30 minutes) The information below was taken from the books of Tshwane Traders. REQUIRED: 1.1 Complete the Debtors’ Collection Schedule for the period 1 April 2013 to 31 May 2013. (14) 1.2 Prepare the Cash Budget for the period 1 April 2013 to 31 May 2013. (36) INFORMATION: 7 Actual and budgeted information: Actual Budgeted February March April May R R R R Total sales 200 000 190 000 210 000 180 000 Cash purchases 74 000 77 500 73 600 82 500 Credit purchases 10% per month more than cash purchases 70% of the sales are on credit. Debtors pay their accounts as follows: e 50% within 30 days (that is in the same month as the sales transaction) and receive 5% discount e 40% after 30 days (that is in the month following the sales transaction month) e 7% after 60 days (that is in the second month following the sales transaction month) e¢ 3% is irrecoverable Creditors are paid two months after the purchase has been made. 5. Rent is received monthly and will increase by 20% to R4 800 on 1 May. The wages amount to R36 000 per month for the four workers employed. Two additional workers will be employed from 1 May 2013 and the monthly wage for each will be R7 000. 7. Advertising amounts to R2 000 per month and will increase by R200 with effect from 1 May 2013. 8. A total amount of R85 000 will be received from Nosi Bank on 30 April 2013 when the fixed deposit matures. This amount includes R5 000 interest. 9. Cash operating expenses amount to R36 000 for the year and are distributed evenly throughout the year. 10. New equipment of R45 000 will be bought for cash in April 2013. c The Bank Account is overdrawn by R18 746 on 1 April 2013. 50 Cont rosaned LANA UAL KIN) 2224 ve ### Page 5 Downloaded from hlayiso.com Accounting/SG 5 DBE/2013 SCE QUESTION 2 PARTNERSHIP (70 marks; 45 minutes) 2.1 PS TRADERS You are provided with information relating to PS Traders with partners P Pule and S Sello on 28 February 2013, the end of the financial year. REQUIRED: Use the information below to prepare the Income Statement of PS Traders for the financial year ended 28 February 2013. (47) PS TRADERS: PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2013 Debit Credit (R) (R) Balance Sheet Accounts Section Capital: P Pule 360 000 Capital: S Sello 310 000 Current account: P Pule 14 502 Current account: S Sello 1850 Drawings: P Pule 56 789 Drawings: S Sello 88 658 Land and buildings 170 000 Vehicles 480 000 Equipment 185 500 Accumulated depreciation on vehicles (1/3/2012) 130 000 Accumulated depreciation on equipment (1/3/2012) 60 500 Mortgage bond (10%) 100 000 Fixed deposit: Fouche Bank 50 000 Trading stock 73 400 Debtors’ control 35 500 Provision for bad debts 2 800 Bank 22 313 Creditors’ control 55 945 Nominal Accounts Section Sales 950 500 Debtors' allowances 10 500 Cost of sales 460 000 Packing material 22 450 Stationery 32.232 Rent income 52 000 Salaries and wages 187 178 Discount allowed 4 446 Discount received 6 559 Interest_on fixed deposit 2 500 Bad debts 7 658 Bad debts recovered 4700 Water and electricity 46 643 Insurance 16 597 Interest on loan 10 000 Sundry expenses 88 292 2 050 006 2 050 006 ares NNT UA RTA) 28224 ve ### Page 6 Accounting/SG Downloaded from hlayiso.com 6 DBE/2013 SCE ADJUSTMENTS AND ADDITIONAL INFORMATION: No entries have been made for the following: Ue 10. Copyright reserved Stock on hand according to a physical stock count on 28 February 2013: e Trading stock R73 000 e Stationery R2 932 Write off debtor B Brand's account of R1 500 as bad debt. Received R545 from a debtor, L Bryden, whose account was previously written off as irrecoverable. The provision for bad debts must be calculated at 5% of outstanding debtors. The water and electricity account of R2 040, for February 2013, has not been paid yet. The rent income includes rent for March 2013. The monthly rent has been the same for the last 18 months. The investment into the Fixed Deposit Account was made on 1 June 2012 at an interest rate of 8% per year. Provide for the outstanding interest. Insurance includes a 12-month premium of R1 800 for the period 1 August 2012 to 31 July 2013. Depreciation must be calculated as follows: e Equipment — 10% per annum according to the cost-price method e Vehicles — 10% per annum according to the diminishing- balance method. Take into consideration that a new vehicle was bought for R120 000 on 1 December 2012. This purchase was recorded The partners share the remaining profits/losses equally. TCU UI Pease lum over ### Page 7 Downloaded from hlayiso.com Accounting/SG 7 DBE/2013 2.2 SCE BOTSAM TRADERS Botsam Traders is owned by B Botha and S Sammy. The balances below appeared in the Pre-adjustment Trial Balance on 28 February 2013, the end of the accounting period. REQUIRED: Prepare the note to the financial statements for Current Accounts for the year ended 28 February 2013. (23) INFORMATION: Extract from the Pre-adjustment Trial Balance on 28 February 2013 R Capital: B Botha 500 000 Capital: S Sammy 250 000 Drawings: B Botha 65 500 Drawings: S Sammy 182 500 Current account B Botha (1/3/2012) Dr 154 300 Current account S Sammy (1/3/2012) Cr 22 800 ADDITIONAL INFORMATION: 1. Interest on capital was calculated at 12% per annum. S Sammy increased her capital by R50000 on 1 September 2012. This transaction was recorded properly. _ S Botha and S Sammy are entitled to a yearly salary of R120 000 and R108 000 respectively. < The remaining profit must be divided between the partners B Botha and S Sammy in the ratio 3 : 2 respectively. 4. The net income as determined in the Profit and Loss Account amounted to R385 000. 70 Copy reseed JANATA IRIAIN| 25224 xe ### Page 8 Accounting/SG 8 DBE/2013 SCE QUESTION 3 BANK RECONCILIATION (45 marks; 26 minutes) Downloaded from hlayiso.com The information below appears in the books of Mokeki Traders. REQUIRED: 3.1 Complete the Cash Receipts Journal and the Cash Payments Journal for April 2013. Total only the bank columns in the Cash Journals. 3.2 Post to the Bank Account in the General Ledger. Balance the account on 30 April 2013. 3.3 Prepare a Bank Reconciliation Statement on 30 April 2013. 3.4 Give TWO examples of bank charges that may appear on the monthly Bank Statement. NOTE: It is the policy of the business to correct errors in the Cash Journals, whenever possible. INFORMATION: a The Bank Reconciliation Statement prepared on 31 March 2013 reflects the following information: R Favourable balance as per Bank Statement 22 421 Outstanding deposit 13 690 Outstanding cheques: No. 295 (dated 1 June 2013) 4 545 No. 312 (dated 10 March 2013) 2 315 No. 317 (dated 20 March 2013) 8 376 Favourable balance as per Bank Account in the Ledger 20 875 2. Provisional totals in the Cash Journals for April 2013: CRJ CPJ Bank 45 200 39 750 Sundry accounts 45 200 39 750 3. A comparison of the Bank Reconciliation Statement for March 2013 with the Bank Statement of Stormer Bank for April 2013 reflects the following: 3.1 The outstanding deposit of R13 690 appears on the Bank Statement for April 2013. 3.2 Cheque No. 312 for R2 315 appears on the Bank Statement for April 2013. Copter JANATA) 252 (25) (5) (13) (2) ### Page 9 Accounting/SG 3.3 Downloaded from hlayiso.com 9 DBE/2013 SCE Cheque No. 317 for R8 376 was issued to Nogi Stores for stationery purchased. This cheque has been lost and payment has been stopped. It was replaced with cheque No. 331 on 30 April 2013. This cheque is in the post. No entry has been made for the cancellation of the old cheque or the issuing of the new cheque. A comparison of the Bank Statement for April 2013 with the Cash Journals GAUTENG reflects the following differences: 41 A deposit of R15211 appears in the CRJ but not on the Bank Statement. 4.2 A dishonoured cheque for R567 (originally received on 25 March 2013) from a debtor, B Naidoo, appears on the Bank Statement. 4.3 A tenant, P Perrogo, paid R5 950 for rent. This appears only on the Bank Statement. 4.4 A credit of R86 being interest on the current bank account, was reflected on the Bank Statement of Stormer Bank. 4.5 A stop order to Hall Insurers appears on the Bank Statement for the following: e R750 for business insurance R250 for motor insurance for the owner, paid on his behalf by the business. 4.6 Bank charges according to the Bank Statement amounted to R159. 5. The Salaries Journal for April 2013 reflects the following: Employees Cheque Gross Net number salaries salaries J Jacobs 353 RQ 876 R5 576 P Pirreli 354 R11 255 R8 955 Only cheque 353 appeared on the Bank Statement for April 2013. 6. The Bank Statement on 30 April 2013 reflects a credit balance of R37 300. 45 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com Accounting/SG 10 DBE/2013 SCE QUESTION 4 CLUB (45 marks; 27 minutes) The information below was taken from the records of Chad Swimming Club. REQUIRED: 4.1 Draw up a Membership Fees Account for the year ended 31 December 2012. (15) 4.2 Prepare the Statement of Receipts and Payments for the year ended 31 December 2012. (30) INFORMATION: Balances on 1 January 2012 included the following: R Loan from First Bank 16 000 Current bank balance at McCaller Bank Cr 21 929 Income received in advance/Deferred income (Membership fees) 1440 Accrued income/Receivable (Membership fees) 9 600 Summary of transactions for the year ended 31 December 2012: 1. Entrance fees received from new members amounted to R5 500. 2. Membership fees are R480 per member per year. 3. Membership fees received during the year: e 2011: R6 720 e 2012: R38 400 2013 R1920 4. Membership fees outstanding for 2011 must be written off. 5. Membership fees of 16 members were outstanding on 31 December 2012. 7 Wages of R800 per month were paid in cash to each of the part-time employees, J Joe and D Daan. J Joe was employed for the entire year. He was also given a bonus of R1 000. D Daan was employed on 1 July 2012 and he received a bonus of R500. 7. Bank charges for the year as per the Bank Statements totalled R490. 8. Old equipment, which originally cost R8 400, was sold for R950 cash and new equipment valued at R10 500 was bought for cash. Cont rson TTC ### Page 11 Downloaded from hlayiso.com Accounting/SG 11 DBE/2013 SCE 9. The honorarium of R4 400 for the secretary, which had been owed since 31 December 2011, was paid on 31 March 2012. 10. Refreshments were sold for R21 700. An amount of R1 500 is still owed to the club. 11. Refreshments are always purchased on credit and payments are made to the relevant creditor after 60 days. The following was extracted from the Creditors’ Control Account in respect of refreshments: R Balance owing on 31 December 2011 4 200 Balance owing on 31 December 2012 5 300 Credit purchases during 2012 15 700 Amount paid to creditors during 2012 2 12. Sundry operating expenses of R10 800 were paid. A further R1 200 is owed. 13. A direct transfer was made from the current bank account on 31 December 2012 to pay First Bank for the following: e 50% of the amount owing on the loan e Interest on the loan for the year There was no change in the loan during the year and the interest rate was 8% p.a. 14. Received a donation (subsidy) from the municipality for R15 000. 45 Conon sone LAAT ANN) P22 ### Page 12 Downloaded from hlayiso.com Accounting/SG 12 DBE/2013 SCE QUESTION 5 CLOSE CORPORATION (40 marks; 22 minutes) P Masango and L Vanneer are members of Masneer CC. Their financial year ends on 30 June each year. REQUIRED: Draw up the following Ledger Accounts, properly balanced or closed off on 30 June 2012: 5.1 Members' contribution (7) 5.2 Loan to P Masango (7) 5.3 SARS — Income tax (11) 5.4 Distribution payable to members (5) 5.5 Appropriation account (10) INFORMATION: Balances on 1 July 2011: Members' contributions R384 000 Retained income 65 656 Loan to P Masango 120 000 Distribution payable to members 75 000 SARS — Income tax (Cr) 19 350 Transactions for the period July 2011 to June 2012: July 2011: 17 Paid SARS the amount due for income tax. 31 Paid the amount due to members for profit distribution. August 2011: 15 P Masango gave a vehicle valued at R50 000 to the close corporation as part repayment of his loan. October 2011: 21 L Vanneer gave equipment valued at R23 500 to the close corporation. The amount will form part of her members' contribution. December 2011: 30 Paid an amount of R68 500 to SARS as the first provisional income tax. Coprintesoned LANE ANN) P2252 ### Page 13 Downloaded from hlayiso.com Accounting/SG 13 DBE/2013 SCE May 2012: 30 P Masango decreased his member's contribution by withdrawing R35 000 in cash. June 2012: 15 P Masango reduced his loan further by making a cash payment of R10 000. 28 Made a second provisional income tax payment of R61 500 to SARS. 30 Net profit for the year amounted to R380 000. The tax liability for the year was calculated by the accounting officer as R118 750. The members decided to distribute 25% of the net profit to the members. 40 Co on A AQUA =e ### Page 14 Downloaded from hlayiso.com Accounting/SG 14 SCE QUESTION 6 COMPANY DBE/2013 (50 marks; 30 minutes) The information below was taken from the books of Pieterse Limited. The company has an authorised share capital of 850 000 ordinary shares. The par value of each share is R3. REQUIRED: Draw up the following notes to the Balance Sheet on 28 February 2013: Fixed assets Trade and other receivables (debtors) Ordinary share capital Trade and other payables (creditors) NOTE: (creditors). INFORMATION: All current liabilities must be shown in the note for trade and other payables LIST OF SOME BALANCES TAKEN FROM THE GENERAL LEDGER ON 28 FEBRUARY 2013 Debit Credit (R) (R) Ordinary share capital (1/3/2012) 1 380 000 Land and buildings (1/3/2012) 420 000 Vehicles at cost (1/3/2012) 340 000 Equipment at cost (1/3/2012) 280 000 Accumulated depreciation on vehicles (1/3/2012) 145 600 Accumulated depreciation on equipment (1/3/2012) 94 800 Fixed deposit at Parag Bank 2 Loan: Muir Bank 420 000 Debtors’ control 56 543 Provision for bad debts 1.970 Creditors' control 93 569 SARS - Income tax (provisional payments) 49 500 SARS — PAYE 12 600 MK — Pension funds 3 600 Trading stock 77 770 Cash float 2 250 Bank 45 455 Accrued expenses (payable) 11 302 Prepaid expenses 6 600 Accrued income (receivable) 3 800 Income received in advance (deferred) 15 840 Shareholders for dividends 64 000 Stock on hand 4 750 Copyright reserved GAUTENG Please turn over (20) (7) (8) (15) ### Page 15 Downloaded from hlayiso.com Accounting/SG 15 DBE/2013 SCE ADDITIONAL INFORMATION: 1. The following have been recorded and INCLUDED in the figures listed above: 7 60 000 additional shares were issued on 1 December 2012. 1.2 Final dividends were declared but not paid yet. 2. The bookkeeper has NOT ENTERED the following in the books YET: 2.1 New equipment bought for cash during the year amounted to R125 500. | A new storeroom costing R150000 was built and completed by PK Builders on 15 February 2013. Payment to be made on 31 March 2013. 2.3 Depreciation should be taken into account as follows: e Vehicles R34 000 e Equipment R12 600 2.4 Provision for bad debts to be increased by R200. 2.5 Income tax calculated for the year amounted to R50 350. 50 TOTAL: 300 Copyngnt reserved CITA ON AE A ## Related documents - [Accounting (HG) 2013 Memo](https://www.hlayiso.com/library/accounting-hg-2013-memo/65a06402-756e-4c58-ac7c-890597e9c85a) — Accounting · Memo · 2013 - [Accounting (HG) (English) June 2012 QP](https://www.hlayiso.com/library/accounting-hg-english-june-2012-qp/81b5f77d-fe0d-4622-8441-ac94f8fcef68) — Accounting · QP · 2012 · Eng - [Accounting (SG) (English) June 2012 QP](https://www.hlayiso.com/library/accounting-sg-english-june-2012-qp/84210b50-6e7d-483e-bf17-b2651d19f5cf) — Accounting · QP · 2012 · Eng - [ACCOUNTING P2 GR12 ANSWER BOOK JUNE 2023 English](https://www.hlayiso.com/library/accounting-p2-gr12-answer-book-june-2023-english/11493bdc-95ff-4293-b727-2b3a22027be3) — Accounting · Addendum · 2023 · Eng - [2023 MP Prelim P2 Answer Book](https://www.hlayiso.com/library/2023-mp-prelim-p2-answer-book/cc1d1590-ceb4-4d58-b4f8-408396bc15a9) — Accounting · Addendum · 2023 - [Accounting P1 Nov 2023 Answer Book Eng](https://www.hlayiso.com/library/accounting-p1-nov-2023-answer-book-eng/aaeb9a41-12fe-49c2-9ba7-37693926cbd5) — Accounting · Addendum · 2023 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 2025 · Eng - [ACCOUNTING P1 GR12 QP JCT 2025 AFR D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-afr-d-watermark/c6a5692b-3cb0-464b-bb82-67d6ce83bfdd) — QP · 2025 · Afr - [ACCOUNTING P1 GR12 QP JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-eng-d-watermark/84d92eb0-f5bd-4442-bb6d-c55cdc52e25d) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR12 JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr12-jct-2025-eng-d-watermark/13425f71-aba6-4328-b084-d9b108884315) — QP · 2025 · Eng - [Accounting P1 (Afrikaans) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-afrikaans-june-2025-possible-answers/2f10559b-54d6-47f4-9fc2-b2efc62644c4) — Memo · 2025 · Afr ## Collection - [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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