Gr 10 Accounting P2 (English) 2023 Answer Book hlayiso.com

Downloaded from hlayiso.com PROVINCIAL EXAMINATION NOVEMBER 2023 GRADE 10 ACCOUNTING (PAPER 2) ANSWER BOOK NAME OF SCHOOL: NAME OF LEARNER: TOTAL MODERATED QUESTION MARK OBTAINED MARKS MARK 1 42 2 34 3 46 4 28 TOTAL 150 9 pages P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 2 ANSWER BOOK GRADE 10 QUESTION 1: CONCEPTS AND CREDITORS' RECONCILIATION 1.1 CONCEPTS 1.1.1 1.1.2 1.1.3 3 1.2 CREDITORS' RECONCILIATION 1.2.1 GENERAL LEDGER OF METH STORES CREDITORS’ CONTROL ACCOUNT 2023 31 2023 1 Balance b/d Aug Aug 17 1.2.2 CREDITORS' LIST OF METH STORES ON 31 AUGUST 2023 Creditor Amount AB Dealers BB Traders Otto Furnishers Crox Stationers 16 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 3 ANSWER BOOK GRADE 10 1.2.3 Provide THREE internal control measures that should be implemented by Meth Stores. 6 TOTAL 42 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 4 ANSWER BOOK GRADE 10 QUESTION 2: BUDGETING 2.1 2.1.1 Calculate the total expected cost of the tour for all the players (for a three-day tour). Receipts Total receipts Payments/Costs Item Calculation Answer Uniform/Kit Accommodation Transport Meals Entrance Fees Total payments/costs Total expected cost of the tour for all players 27 2.1.2 Calculate the cost of the tour per player. 3 2.1.3 How can the contributions expected from each player be reduced? Provide TWO methods that can be used to raise funds for the team, excluding the sources of funds mentioned in the given information. 4 TOTAL 34 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 5 ANSWER BOOK GRADE 10 QUESTION 3: INVENTORY PROBLEM SOLVING AND ETHICS 3.1 INVENTORY 3.1.1 What is the contra account for A? 1 3.1.2 Where do we record the closing trading stock in the financial statements? 2 3.1.3 What transaction gave rise to B? 2 3.1.4 What is the contra account indicated by C? 1 3.1.5 Give a reason for entry D. 2 3.1.6 Calculate the missing amount for E. 2 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 6 ANSWER BOOK GRADE 10 3.1.7 What is the contra account indicated by F? 1 3.1.8 Calculate G, goods were sold on credit for R27 000, a mark-up of 25% was added. 3 3.1.9 What is the folio reference for H? 1 3.1.10 Give THREE possible reasons for item I. 6 3.1.11 Calculate the missing amount for J. 3 3.2 PROBLEM SOLVING 3.2.1 Calculate the number of cakes sold at the Diepkloof Square Bakery. 2 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 7 ANSWER BOOK GRADE 10 3.2.2 Diepkloof Square Bakery has a high number of cakes that are not collected. Suggest TWO strategies that can be implemented by the business to improve collection of cakes by customers. (Refer to information A and B.) 4 3.2.3 Suggest TWO methods that can be used by the business to promote sales. 4 3.2.4 Refer to information A. Identify a problem at Naledi Mall Bakery and provide TWO solutions to the problem. Use figures to support the problem identified. Problem and figures Solutions 6 3.3 ETHICS 3.3.1 What advice would you offer her? Provide THREE points. 6 TOTAL 46 P.T.O.

Downloaded from hlayiso.com ACCOUNTING (PAPER 2) 8 ANSWER BOOK GRADE 10 QUESTION 4: COST ACCOUNTING 4.1 CONCEPTS 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 5 4.2 Calculate the following costs and show all calculations. 4.2.1 Calculate the direct material cost. Quantity Price per Calculation Answer item Zips 2 Material R25 Sewing cotton Beads 9 4.2.2 Calculate the direct labour cost. 3 4.2.3 Calculate the total direct cost. 2 P.T.O.

Downloaded from hlayiso.com 4.2.4 Calculate the factory overhead cost. 2 4.2.5 Calculate the total cost of production. 2 4.2.6 Calculate the production cost per handbag. 2 4.2.7 Calculate the selling price per handbag. 3 TOTAL 28 TOTAL: 150 END