# Accounting Grade 12 Paper 1 NW June 2025 Addendum (English) > Grade 12 Accounting Paper 1 addendum from the NW June Exam 2025 (English), 10 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/grade-12-accounting-2025-nw-june-exam-addendum-paper-1-english/b1621068-9b41-4a5a-b94f-efdf3840f96e - Updated: 2026-09-28 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2025 - Exam period: NW June Exam - Paper: 1 - Curriculum: CAPS - Pages: 10 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 Paper 1 NW June 2025 Addendum (English)](https://www.hlayiso.com/library/grade-12-accounting-2025-nw-june-exam-addendum-paper-1-english/b1621068-9b41-4a5a-b94f-efdf3840f96e) ## About this document Accounting · Grade 12 · NW June Exam · 2025 · English. Addendum, 10 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Matching paper and memo - [NW 12 ACCOUNTING P1 QP ENG JUNE 2025](https://www.hlayiso.com/library/grade-12-accounting-2025-nw-june-exam-question-paper-paper-1-english/71996a3f-565b-45f7-aff5-a473ed76ff71) — QP · 2025 · Eng ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 PROVINCIAL ASSESSMENT GRADE 12 ACCOUNTING P1 JUNE 2025 ANSWER BOOK Name: ………………………………………………………………. QUESTION MAXIMUM MARKER INTERNAL EXTERNAL MARKS MODERATOR MODERATOR 1 55 2 51 3 24 4 20 TOTAL 150 This answer book consists of 10 pages. Copyright reserved Please turn over ### Page 2 Accounting/P1 2 NW/June 2025 Grade 12 – Answerbook QUESTION 1: CONCEPTS, INCOME STATEMENT AND BALANCE SHEET 1.1 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 5 Copyright reserved Please turn over ### Page 3 Accounting/P1 3 NW/June 2025 Grade 12 – Answerbook 1.2 WANKARABA LIMITED 1.2.1 Statement of Comprehensive Income for the year ended 30 April 2025 Sales Cost of sales Gross profit Other Operating Income Rental income Gross Operating Income Operating expenses Wages and Salaries Operating profit Interest income 565 000 Profit before interest expense Interest expense Net profit before tax Income tax Net profit after tax 1 251 378 33 Copyright reserved Please turn over ### Page 4 Accounting/P1 4 NW/June 2025 Grade 12 – Answerbook 1.2.2 Statement of financial position as at 30 April 2025 EQUITY AND LIABILITIES ORDINARY SHAREHOLDER EQUITY Ordinary share capital 3 500 000 NON-CURRENT LIABILITIES CURRENT LIABILITIES Trade and other payables TOTAL EQUITY AND LIABILITIES 12 361 189 17 QUESTION 1 55 Copyright reserved Please turn over ### Page 5 Accounting/P1 5 NW/June 2025 Grade 12 – Answerbook QUESTION 2: ORDINARY SHARE CAPITAL AND RETAINED INCOME NOTES, CASH FLOW STATEMENT AND FINANCIAL INDICATORS 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 5 2.2 2.2.1 ORDINARY SHARE CAPITAL AUTHORIZED Ordinary shares ISSUED: Ordinary shares in issue at the beginning of the year 320 000 Ordinary shares in issue at the end of 1 744 600 the year 8 2.2.2 RETAINED INCOME Retained income at the beginning of the year 2 474 800 Retained income at the end of the year 10 Copyright reserved Please turn over ### Page 6 Accounting/P1 6 NW/June 2025 Grade 12 – Answerbook 2.3 Calculate the amount that will appear in the Cash Flow Statement for: 2.3.1 Taxation 4 2.3.2 Dividends paid 3 2.3.3 Shares bought back 3 2.4 Prepare the following sections of the cash flow statement: 2.4.1 Change in operating capital 10 2.4.2 Cash flow from financing activities 4 Copyright reserved Please turn over ### Page 7 Accounting/P1 7 NW/June 2025 Grade 12 – Answerbook 2.4.3 Net change in cash equivalents 4 QUESTION 2 51 QUESTION 3: ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS 3.1 Calculate the following financial indicators: Net asset value of Limpopo Ltd Debt-Equity Ratio of Boland Ltd 6 3.2 Your colleague is of the opinion that the liquidity situation of Limpopo Ltd is better than that of Boland Ltd. Quote TWO financial indicators with appropriate figures to support his opinion. Quote two financial figures. Explain: 6 Copyright reserved Please turn over ### Page 8 Accounting/P1 8 NW/June 2025 Grade 12 – Answerbook 3.3 Boland Ltd decided to pay off a large amount on the loan during the financial year. Quote TWO financial indicators with appropriate figures to show why this was not a good decision by the directors. (Gearing) Relevant figures: Comment: 6 3.4 Comment on the value of the two companies' shares on the JSE. Explain how these figures will influence your choice of the companies. Financial indicator and Choice of Company explanation thereof with figures. Boland Ltd Limpopo Ltd 6 QUESTION 3 24 Copyright reserved Please turn over ### Page 9 Accounting/P1 9 NW/June 2025 Grade 12 – Answerbook QUESTION 4: CORPORATE GOVERNANCE AND AUDIT REPORT 4.1 CORPORATE GOVERNANCE 4.1.1 Winston can be described as a (whistleblower/employee) in this situation. 1 4.1.2 It is absolutely essential that the identities of those who report misconduct are protected. Give ONE reason that can be used to convince the directors that they cannot openly thank Winston. 2 4.1.3 Provide one term to describe the “gift” that the Purchasing Manager received. 1 4.1.4 Indicate ONE internal measure that the company can implement to prevent a recurrence of such an incident in the future. 2 4.1.5 A concerned shareholder has heard about the incident. Provide two possible questions that he could ask at the next AGM regarding the company's tender policy. 4 Copyright reserved Please turn over ### Page 10 Accounting/P1 10 NW/June 2025 Grade 12 – Answerbook 4.2 AUDIT REPORTS 4.2.1 Indicate which type of audit report Pilanesberg Limited received. Provide one reason for your choice. 4 4.2.2 Give ONE reason why the Companies Act requires public companies to be audited by an independent auditor. 2 4.2.3 Newspaper reports have indicated that Motepo Partners has been found guilty of maladministration in relation to audit work carried out at several large firms. Explain how this could affect shareholders of Pilanesberg Ltd. State TWO points. 4 QUESTION 4 20 TOTAL: 150 Copyright reserved ## Related documents - [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) — Accounting · QP · 2025 · Eng - [Accounting P1 (English) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-english-june-2025-possible-answers/86671777-58f6-4c82-932c-4924bae022c0) — Accounting · Memo · 2025 · Eng - [Accounting P1 May-June 2025 MG Eng](https://www.hlayiso.com/library/accounting-p1-may-june-2025-mg-eng/b3a00324-c447-494b-9131-3046982cc2bb) — Accounting · Memo · 2025 · Eng - [ACCOUNTING P1 GR12 ANSWERBOOK JUNE 2022 English](https://www.hlayiso.com/library/accounting-p1-gr12-answerbook-june-2022-english/3f567dee-27d7-45f0-b356-dc5d1a094a3a) — Accounting · Addendum · 2022 · 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) — Accounting · QP · 2025 · Eng - [ACCOUNTING P1 MEMO GR12 JUNE 2024 English](https://www.hlayiso.com/library/accounting-p1-memo-gr12-june-2024-english/ef245808-e780-418c-ba92-6f41e021a333) — Accounting · Memo · 2024 · 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 Grade 12 NSC MEMO P1 May June 2025 Limpopo](https://www.hlayiso.com/library/accounting-grade-12-nsc-memo-p1-may-june-2025-limpopo/4bc5dfae-35c0-4acd-83c3-4b53266a3680) — Memo · 2025 - [Accounting P2 Nov 2025 MG Afr](https://www.hlayiso.com/library/grade-12-accounting-2025-nsc-november-exam-memorandum-paper-2/4c11fbd4-960d-4f11-8cb5-c00f8f2cb8b5) — Memo · 2025 · Afr - [ACCOUNTING P1 QP GR12 JUNE 2024 English](https://www.hlayiso.com/library/accounting-p1-qp-gr12-june-2024-english/11d1ced2-c8c5-4ce3-97cc-34b06c5cad08) — QP · 2024 · Eng - [ACCOUNTING P1 GR12 QP SEPT2024 English](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept2024-english/815577e2-9528-4d64-854e-0d3f0cc0dd78) — QP · 2024 · Eng ## 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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