Accounting Grade 12 NSC June 2012 Addendum (English)

Downloaded from hlayiso.com basic education Department: Basic Education REPUBLIC OF SOUTH AFRICA SENIOR CERTIFICATE EXAMINATION CENTRE NUMBER CANDIDATE'S EXAMINATION NUMBER ACCOUNTING STANDARD GRADE 2012 ANSWER BOOK QUESTION MARKS INITIAL 1 2 3 4 5 = ____ | This answer book consists of 13 pages. Conyright reserved FAUT OA A A Pease tum over

Downloaded from hlayiso.com Accounting/SG 2 DBE/2012 SCE — Answer Book QUESTION 1 CLOSE CORPORATION (40 marks; 23 minutes) 1.1 GENERAL LEDGER OF MANWETSA CC Dr MEMBERS' CONTRIBUTION | Cr 7 1.2 Dr RETAINED INCOME Cr 6 1.3 Dr SARS —- INCOME TAX Cr 10 Copyright reserved UAANV ANA AEE A GAUTENG Please turn over

Downloaded from hlayiso.com Accounting/SG 3 DBE/2012 SCE — Answer Book 1.4 Dr DISTRIBUTION PAYABLE TO MEMBERS Cr 7 1.5 Dr APPROPRIATION ACCOUNT Cr | 10 TOTAL MARKS 40 Copyright reserved Please turn over GAUTENG

Downloaded from hlayiso.com Accounting/SG 4 DBE/2012 SCE — Answer Book QUESTION 2 PARTNERSHIP (70 marks; 43 minutes) 2.1 SAMKOK TRADERS CURRENT ACCOUNTS K Kok S Sam TOTAL Partners' salaries Interest on capital Primary distribution Share of remaining profit 25 Con read JNA AUN) ese ve

Downloaded from hlayiso.com Accounting/SG 5 SCE — Answer Book 2.2 DBE/2012 LINTON TRADERS INCOME STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2012 Sales Cost of sales Gross profit for the year Other income Rent income Discount received Bad debts recovered Gross income for the year Operating expenses Stationery Packing material Salaries and wages Bad debts Discount allowed Insurance Water and electricity Sundry expenses Operating profit Interest income Interest expense Net profit for the year TOTAL MARKS Comritreeoned TNT 45 Please turn over

Downloaded from hlayiso.com Accounting/SG 6 DBE/2012 SCE — Answer Book QUESTION 3 BANK RECONCILIATION (40 marks; 24 minutes) 3.1 CASH RECEIPTS JOURNAL OF MASANGO STORES — APRIL 2012 CRJ4 DOC | pay | DETAILS BANK SUNDRY | FoL DETAILS NO. ACCOUNTS . 30 | Total 42 333 42 333 13 3.1 CASH PAYMENTS JOURNAL OF MASANGO STORES — APRIL 2012 CPJ 4 DOC. | pay | DETAILS BANK SUNDRY | FOL DETAILS NO. ACCOUNTS . 30 | Total 39 444 39 444 13 Copyright reserved FAUT AA OG IAEA A Mease lun over

Downloaded from hlayiso.com Accounting/SG if DBE/2012 SCE — Answer Book 3.2. BANK RECONCILIATION STATEMENT OF MASANGO STORES - 30 APRIL 2012 14 TOTAL MARKS 40 Coprihtesoned ANANSI) se me

Downloaded from hlayiso.com Accounting/SG 8 DBE/2012 SCE — Answer Book QUESTION 4 CLUB (50 marks; 30 minutes) 4.1 Dr GENERAL LEDGER OF MAKWANAZI TENNIS CLUB Cr MEMBERSHIP FEES ACCOUNT 2011 2011 Jan. 1 Jan. dl Dec. 31 Dec. | 31 17 aididiiaaiial FIAT AAO A A Messe turn over

Downloaded from hlayiso.com Accounting/SG 9 DBE/2012 SCE — Answer Book 4.2 MAKWANAZI TENNIS CLUB STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 RECEIPTS PAYMENTS Cash surplus/deficit for the year Balance at the beginning of the year Balance at the end of the year 33 TOTAL MARKS 50 Conrihreeoned LANAI] 24 ve

Downloaded from hlayiso.com Accounting/SG 10 DBE/2012 SCE — Answer Book QUESTION 5 BUDGET (50 marks; 30 minutes) 5.1 DEBTORS' COLLECTION SCHEDULE OF HALL TRADERS FOR THE PERIOD APRIL TO MAY 2012 Credit Sales April May R R R February March April Mei 13 Conroe ANILINE == sem ov

Downloaded from hlayiso.com Accounting/SG 11 SCE — Answer Book HALL TRADERS 5.2__ CASH BUDGET FOR THE PERIOD APRIL TO MAY 2012 DBE/2012 CASH RECEIPTS APRIL MAY Cash sales Collection from debtors CASH PAYMENTS Cash purchases Payments to creditors Advertising Surplus/Shortfall Balance at the beginning of the month Balance at the end of the month —_—_ TOTAL MARKS 50 coor reoned NAN 37 Please turn over

Downloaded from hlayiso.com Accounting/SG COMPANY FIXED ASSETS 12 SCE — Answer Book QUESTION 6 DBE/2012 (50 marks; 30 minutes) LAND AND BUILDING VEHICLES EQUIPMENT Cost price 485 000 Accumulated depreciation 121 600 Carrying value in the begin MOVEMENTS Additions at cost price Depreciation Disposals Carrying value at the end Cost price Accumulated depreciation TRADE AND OTHER PAYABLES 21 Trade debtors Copyright reserved GAUTENG Please turn over

Downloaded from hlayiso.com Accounting/SG 13 DBE/2012 SCE — Answer Book ORDINARY SHARE CAPITAL AUTHORISED Ordinary shares atR__5 ISSUED shares issued the previous year at R shares issued during the year at R shares at R on closing date TRADE AND OTHER PAYABLES 12 TOTAL MARKS Copritesoned NAN