# Accounting Grade 11 P2 North West June 2024 Addendum (Eng) > Grade 11 Accounting Paper 2 addendum from the North West June Exam 2024 (English), 8 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/grade-11-accounting-2024-north-west-june-exam-addendum-paper-2-english/eab63a20-7bd5-41ff-84b5-ff1eb813880d - Updated: 2026-09-28 - Subject: Accounting - Grade: Grade 11 - Language: English - Document type: Addendum - Year: 2024 - Exam period: North West June Exam - Paper: 2 - Curriculum: CAPS - Pages: 8 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 11](https://www.hlayiso.com/library/grade-11) › [Accounting](https://www.hlayiso.com/library/grade-11/accounting) › [Accounting Grade 11 P2 North West June 2024 Addendum (Eng)](https://www.hlayiso.com/library/grade-11-accounting-2024-north-west-june-exam-addendum-paper-2-english/eab63a20-7bd5-41ff-84b5-ff1eb813880d) ## About this document Accounting · Grade 11 · North West June Exam · 2024 · English. Addendum, 8 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 PROVINCIAL ASSESSMENT GRADE 11 ACCOUNTING P2 JUNE 2024 ANSWER BOOK NAME OF LEARNER: ________________________________________________ QUESTION MARKS INITIAL MODERATOR 1 45 2 20 3 50 4 35 TOTAL 150 This answer book consists of 8 pages. Copyright reserved Please turn over ### Page 2 Accounting/P2 2 NW/June 2024 Grade 11 – Answer book QUESTION 1: BANK RECONCILIATION (45 marks; 30 minutes) 1.1 MULTIPLE CHOICE QUESTIONS 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 5 1.2 BANK RECONCILIATION 1.2.1 Calculate the totals in the cash journals on 31 May 2024. CASH RECEIPTS JOURNAL CASH PAYMENTS JOURNAL 384 450 15 1.2.2 Calculate the correct balance of the bank account on 31 May 2024. 5 Copyright reserved Please turn over ### Page 3 Accounting/P2 3 NW/June 2024 Grade 11 – Answer book 1.2.3 Prepare the bank reconciliation statement on 31 May 2024. Debit Credit 10 OR 1.2.3 Prepare the bank reconciliation statement on 31 May 2024. 10 1.2.4 The owner noticed problems depositing cash. Explain THREE measures he could use to solve these problems. 6 Copyright reserved Please turn over ### Page 4 Accounting/P2 4 NW/June 2024 Grade 11 – Answer book 1.2.5 The charge on credit card sales is 5% of the relevant amount. Calculate the total credit card sales for the month. 3 1.2.6 Name ONE advantage of using electronic funds transfers (EFT). 1 TOTAL MARKS 45 Copyright reserved Please turn over ### Page 5 Accounting/P2 5 NW/June 2024 Grade 11 – Answer book QUESTION 2: CREDITOR RECONCILIATION (20 marks; 15 minutes) 2.1 EVA TRADERS 2.1.1 Use the table provided to indicate the changes. CREDITORS' LEDGER ACCOUNT STATEMENT EVA TRADERS YOKI TRADERS Difference 193 140 186 000 1 2 3 4 5 6 7 Balance 14 2.1.2 Explain TWO points about how preparing a creditors reconciliation as an internal control measure can assist the business to manage their creditors more effectively. 4 2.1.3 Identify the type of rebate granted to Traders on 24 March 2024. 2 TOTAL MARKS 20 Copyright reserved Please turn over ### Page 6 Accounting/P2 6 NW/June 2024 Grade 11 – Answer book QUESTION 3: FIXED ASSETS (50 marks; 40 minutes) 3.1 MATCHING ITEMS 3.1.1 3.1.2 3.1.3 3.1.4 3.1.5 5 3.2 FIXED ASSETS 3.2.1 Calculate depreciation on equipment and vehicles. Equipment Old equipment New equipment Vehicles Old vehicles New vehicles 17 3.2.2 Complete the Asset disposal account to record the sale of equipment. ASSET DISPOSAL 01 01 Sep Sep 6 Copyright reserved Please turn over ### Page 7 Accounting/P2 7 NW/June 2024 Grade 11 – Answer book 3.2.3 Complete the Fixed asset note on 29 February 2024. Equipment Vehicles Cost price 400 000 300 000 Accumulated depreciation (350 000) Carrying value at the beginning of the year 50 000 Movements Additions at cost price Asset disposal at carrying value Depreciation for the year Carrying value at the end of the year Cost price Accumulated depreciation 14 3.3 INTERNAL CONTROL OF FIXED ASSETS 3.3.1 Mention TWO points of advice on how to exercise better control over the use of business vehicles. 4 3.3.2 Explain why it is important to keep an updated asset register. Provide TWO points. 2 3.3.3 Give ONE reason why a company may decide to sell fixed assets. 2 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 8 Accounting/Q2 8 NW/June 2024 Grade 11 – Answer book QUESTION 4: ACCOUNTING EQUATION (35 marks; 30 minutes) 4.1 AMELIA TRADERS Effect on the ACCOUNT ACCOUNT accounting equation AMOUNT DEBITED CREDITED A OE L 4.1.1 Sales 25 000 + Cost of sales - 4.1.2 Trading stock 4.1.3 900 0 4.1.4 20 000 4.1.5 4.1.6 4.1.7 160 000 35 TOTAL MARKS 35 TOTAL: 150 Copyright reserved ## Related documents - [Gr 11 Accounting P2 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-11-accounting-p2-english-june-2024-question-paper/b649cfc1-b72f-4e45-b621-502673440d1c) — Accounting · QP · 2024 · Eng - [Gr 11 Accounting P2 (English) November 2022 Answer Book](https://www.hlayiso.com/library/gr-11-accounting-p2-english-november-2022-answer-book/320731cd-fc66-42d8-9601-ee85d15b1b01) — Accounting · Addendum · 2022 · Eng - [Gr 11 Accounting P1 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-11-accounting-p1-english-june-2024-question-paper/6f46b4c9-08af-40d5-bbfc-8e5e70b68734) — Accounting · QP · 2024 · Eng - [Grade 11 Accounting P2 November 2026 Mock](https://www.hlayiso.com/library/grade-11-accounting-2026-november-mock-exam-question-paper-paper-2/23b01a3d-4c7f-4c08-87ca-2f521d5b13fd) — Accounting · QP · 2026 · Eng - [ACCOUNTING P2 GR11 QP NOV2023 English](https://www.hlayiso.com/library/accounting-p2-gr11-qp-nov2023-english/f476ab04-a9d8-48f8-8d61-d147a95b251f) — Accounting · QP · 2023 · Eng - [Grade 11 ACC P2 (English) June 2023 Possible Answers](https://www.hlayiso.com/library/grade-11-acc-p2-english-june-2023-possible-answers/fa85abfa-9f3e-4e3a-ba88-499b2e0673a6) — Accounting · Memo · 2023 · Eng ## More from Grade 11 Accounting - [GR11 Accounting Practice exam November Paper 1](https://www.hlayiso.com/library/gr11-accounting-practice-exam-november-paper-1/a786fffb-f00d-472f-a62b-80f038063c5b) — Guide - [ACCOUNTING P2 MEMO GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-eng-watermark/7aa479bf-34d0-4240-934b-67a2f33e2597) — Memo · 2025 · Eng - [ACCOUNTING P2 MEMO GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-afr-watermark/a92dc10a-0d2e-42d6-9cd3-ff78b0e78afe) — Memo · 2025 · Afr - [ACCOUNTING ANS BOOK GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-ans-book-gr11-nov-2025-eng-watermark/23071d73-1633-476d-9eea-a35d45360d61) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr11-nov-2025-afr-watermark/c1345715-0e44-4f64-9844-4e1a4ca18c22) — QP · 2025 · Afr - [LP Accounting Grade 11 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-11-march-2025-qp-and-memo/e029a6c5-e494-4ee4-85f6-bf55d1d8442b) — QP + Memo · 2025 ## Collection - [Grade 11 past papers](https://www.hlayiso.com/grade-11/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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