Accounting Grade 12 NSC June 2014 Addendum (English)

Downloaded from hlayiso.com SENIOR CERTIFICATE EXAMINATION CENTRE NUMBER CANDIDATE'S EXAMINATION NUMBER ACCOUNTING STANDARD GRADE 2014 ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 12 pages. 3 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 2 DBE/2014 SCE – Answer Book QUESTION 1 1.1 CASH RECEIPTS JOURNAL OF MAKWENA TRADERS FOR MAY 2014 CRJ 6 DOC DAY DETAILS SUNDRY FOL DETAILS BANK No. ACCOUNTS 30 Total 46 464 46 464 10 1.1 CASH PAYMENTS JOURNAL OF MAKWENA TRADERS FOR MAY 2014 CPJ 6 DOC DAY DETAILS SUNDRY FOL DETAILS BANK No. ACCOUNTS 30 Total 37 373 37 373 15 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 3 DBE/2014 SCE – Answer Book 1.2 Dr GENERAL LEDGER OF MAKWENA TRADERS Cr BANK 7 1.3 BANK RECONCILIATION STATEMENT OF MAKWENA TRADERS ON 31 MAY 2014 12 1.4 ONE examples of bank charges 1 TOTAL MARKS 45 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 4 DBE/2014 SCE – Answer Book QUESTION 2 JB TRADERS NOTES TO BALANCE SHEET ON 28 FEBRUARY 2014 2.1 CAPITAL ACCOUNTS J JONES B BOTHA R R 6 CURRENT ACCOUNTS J JONES B BOTHA R R 20 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 5 DBE/2014 SCE – Answer Book 2.2 JB TRADERS BALANCE SHEET ON 28 FEBRUARY 2014 ASSETS Non-current assets Current assets Inventories Trade & other receivables 9 760 Cash & cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES Owners' Equity Capital Current accounts Non-current liabilities Loan Current liabilities Trade & other payables Bank overdraft TOTAL EQUITY AND LIABILITIES 34 TOTAL MARKS 60 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 6 DBE/2014 SCE – Answer Book QUESTION 3 3.1 GENERAL LEDGER OF SCHEUNSAMY TRADERS CC Dr MEMBERS' CONTRIBUTIONS Cr 9 3.2 Dr SARS – INCOME TAX Cr 11 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 7 DBE/2014 SCE – Answer Book 3.3 Dr DISTRIBUTION PAYABLE TO MEMBERS Cr 8 3.4 Dr DISTRIBUTION TO MEMBERS Cr 4 3.5 Dr APPROPRIATION ACCOUNT Cr 8 TOTAL MARKS 40 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 8 DBE/2014 SCE – Answer Book QUESTION 4 4.1 DEBTORS' COLLECTION SCHEDULE OF RAZIA TRADERS FOR THE PERIOD 1 APRIL 2014 TO 31 MAY 2014 CREDIT SALES APRIL MAY R R R February 48 000 0 March 70 000 28 000 April 60 000 May 44 000 0 12 4.2 CASH BUDGET FOR THE PERIOD 1 APRIL 2014 TO 31 MAY 2014 APRIL MAY R R CASH RECEIPTS Cash sales Collection from debtors CASH PAYMENTS Cash payments Payments to creditors Surplus/Shortfall Balance of the bank at the beginning of month Balance of the bank at the end of month 34 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 9 DBE/2014 SCE – Answer Book 4.3 TWO EXPENSES THAT WILL NOT APPEAR IN A CASH BUDGET 4 TOTAL MARKS 50 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 10 DBE/2014 SCE – Answer Book QUESTION 5 BALLITO TRADERS 5.1 INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2014 Sales Cost of sales Gross profit Other operating income Gross operating income Operating expenses Operating profit Profit before interest expense Profit before tax Net profit 46 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 11 DBE/2014 SCE – Answer Book 5.2.1 Retained Income Balance at the beginning of the year Balance at the end of the year 8 5.2.2 Trade and other receivables (debtors) 11 TOTAL MARKS 65 Copyright reserved Please turn over

Downloaded from hlayiso.com Accounting/SG 12 DBE/2014 SCE – Answer Book QUESTION 6 6.1 Dr GENERAL LEDGER OF VORSTER BOWLING CLUB Cr MEMBERSHIP FEES 2013 2013 Jan Jan 16 6.2 ANALYSIS OF TRANSACTIONS NO. RECEIPTS PAYMENTS INCOME EXPENSES 6.2.1 6.2.2 6.2.3 6.2.4 6.2.5 6.2.6 6.2.7 24 TOTAL MARKS 40 Copyright reserved