# Accounting Grade 10 KZN June 2023 Paper & Memo

> Grade 10 Accounting question paper and memo from the KZN June Exam 2023, 18 pages. Read online or get the free PDF download.

- Page: https://www.hlayiso.com/library/kzn-accounting-grade-10-june-2023-qp-and-memo/70cb3504-33d2-490a-ad23-473030d36789
- Updated: 2026-09-27
- Subject: Accounting
- Grade: Grade 10
- Document type: Question paper and memo
- Year: 2023
- Exam period: KZN June Exam
- Curriculum: CAPS
- Pages: 18

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## About this document

Accounting · Grade 10 · KZN June Exam · 2023. Question paper and memorandum, 18 pages. Read online or download the PDF.

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### Page 1

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} KWAZULU-NATAL PROVINCE

EDUCATION
REPUBLIC OF SOUTH AFRICA

NATIONAL
SENIOR CERTIFICATE

MARKS: 200
TIME: 2% hours

11 pages
and Special Answer Booklet of 7 pages.

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Accounting (Grade 10) Down loaded from h layis9,¢om...,

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INSTRUCTIONS AND INFORMATION

1.

i od

You are provided with a question paper and an ANSWER BOOKLET in which to answer
ALL questions.

This questionjpaper comprises FOUR compulsory questions.
Answer ALLithe questions.

Use the format provided in the answer book in order to reflect your answers.
Where applicable-workings must be shown in order to achieve part-marks.
Non-programmable calculators may be used.

You may use dark pencil or blue/black ink to answer the questions.

Use the information in the table, below, as a guide when answering the question paper.
Try NOT to deviate from it.

QUESTION | TOPICS MARKS _| MINUTES
1 Debtors Reconciliation , Ethics and Internal
Controls 32 24
2 Fixed Assets Ledger Accounts:
Depreciation , Problem Solving 52 38
3 Final Ledger Accounts: Trading Account,
Profit and Loss Account 62 47
Salary Scales, Wages Journal , Internal
4 Controls and Ethics 54 41
TOTAL 200 150

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Accounting (Grade 10) ommon Test
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QUESTION 1: DEBTORS RECONCILIATION AND CONTROLS

(32 Marks; 24 Minutes)

1.1 Ntshondwe Traders sell goods for cash and on credit.

144 NtsHondwe Traders have telephone numbers of all their debtors. What
other information or Documents should they obtain before allowing

customers to open accounts? State TWO points with a reason in
EACH case. (6)

1.1.2 Refer to Information A, B and C.

Calculate:

¢ The correct closing balance of the Debtors’ Control Account on

30 June 2023 (7)
e The correct amounts owing by debtors:

- SShangase (D1)

- K. Buthelezi (D2)

- T.Mbhele (D3)

- B.Ntshangase (D5) (19)
INFORMATION:
A. Balance of the Debtors’ Control Account on 30 June 2023, R324 400

(before errors and omissions). Indicate with (+) for an increase and (-)
for a decrease

B. Debtors’ list on 30 June 2023:
DEBTORS FOLIO AMOUNT
S. Shangase D1 R120 400
K. Buthelezi D2 75 000
T. Mbhele D3 39 000
N. Mavuso D4 84 000
B. Ntshangase DS 7 800
TOTAL R326 200

C. The following errors and omissions must be taken into account:

(a) An invoice for R7 500 issued to T Mbhele was not! inetorded in the
books of Ntshondwe Traders.

(b) The total of the Debtors' Allowances Journal wasposted to the
Debtors' Control Account as R60 300 instead of R63-000.

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Accounting (Grade 10) June 2023 Common Test
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(c) An invoice for R12 900 issued to B Ntshangase was posted
incorrectly to the account of K Buthelezi.

(d) An invoice for stock, R15 300 sold on credit to B Ntshangase was
tr oh as a return of goods when posting it to the Debtors' Ledger
\ecount of B Ntshangase.
Ip
(e) frites for R23 050, received from S Shangase in payment of his
Account and the discount of R 2 450 was allowed, the transaction
was recorded in the relévant.journal. No entries were made in his
account in the Debtors' Ledger.

(f) An invoice for R10 800 issued to T Mbhele was recorded correctly in
the Debtors’ Journal, but posted as R18 900 to his account in the
Debtors’ Ledger.

(g) The total for discount allowed. in. the CRJ Wasoverstated by R1 500.

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Accounting (Grade 10)

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june 2023 Common Test

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QUESTION 2: FIXED/TANGIBLE ASSETS: LEDGER ACCOUNT

(52 Marks; 38 Minutes)

The following information was taken from the books of Bambanani Traders for the year ended 28
February 2023

REQUIRED:

2.1.1. Calculate the:

t of Land and Building purchased on 1 February 2023. (4)

ni

2:1.2 For Vehicles calculate the following:
(i) | The cost of Vehicle on 1 March 2022 (4)
(ii) |The carrying value Vehicles on 1 March 2022 (4)
(iii) The depreciation for the year ended 28 February 2023 (10)
(iv) The total Accumulated depreciation on Vehicles on 28 February 2023 (4)
2.13 For Equipment calculate the following:
(i) The cost of Equipment on 28 February 2023 (2)
(ii) The depreciation for the year ended 28 February 2023 (5)
(iii) The carrying value on 28 February 2023 (5)
2.1.4 Calculate the total depreciation to be shown in the profit and loss account (5)
INFORMATION:
A The extract of the general ledger of Bambanani Traders on 28 February 2023

GENERAL LEDGER OF BAMBANANI TRADERS ON 28 FEBRUARY 2023
Balance sheet Accounts Section

Land and Buildings Account

2022 2023
MAR 1 |Balance|b/d |1 250000 |Feb |28/|Balance|c/d|2 100 000
2023 Feb] 1 |Bank__|CPJ ?

2 100 000 2.100 000
2023
Feb 28|Balance|b/d_|2 100 000

Vehicles Account

2022 2023 BP
Mar |1 |Balance b/d 2? |Feb |28|Balance|é/dj1 370 000
2022 r

Aug |31|Creditors control|CJ| 680000

1 370 000 1370 000

2023
Mar |1 |Balance b/d| 1370 000

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Equipment Account
2022 12023
Mar |1 |Balance b/d | 200000 ||Feb |28|Balance c/d ?
200 000 200 000
2023 00]
Mar _/|1 |Balance) b/d ?
” Accumulated Depreciation on Vehicles Account
2023 2022
Feb |28 |Balance c/d ?|Mar |1 [Balance b/d| 400 000
2023
Feb |28 | Depreciation GJ ?
2023
Feb |28 |Balance b/d ?
Accumulated Depreciation on Equipment Account
2022 2022
Mar |1 [Balance b/d ?|Mar |1_ |Balance b/d 85 000
2023
Feb |28 | Depreciation GJ
Feb |28 |Balance b/d vd
Nominal Accounts Section
Depreciation Account
Accumulated
2023 Depreciation on 2023
Feb [28 |Vehicles GJ ? |Feb |28|Profitand Loss |GJ ?
Accumulated
depreciation on
Equipment GJ 2
B The extension on Land and buildings was made on 1 Februaty 2023
c The new delivery van was bought on credit from Tira Motors on 31 August 2022
D No new equipment was purchased during the year.
E Depreciation is calculated as follows:

= On vehicles at 20% p.a. on cost price method
= On equipment at 15% p.a. on carrying value method.

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Accounting (Grade 10) 7 . June 2023 Common Test
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2.2 Problem Solving

REQUIRED:

2.2.1 Consider theinformation provided on 30 June 2023. Identify ONE problem per
taxi. Quote figuires to support your opinion. Give ONE point of advice in each (9)
case. i

INFORMATION: |—

A Shaya Zulu run a taxi business called Mageba Taxi Service at Sebenza. He is
concerned that his income from taxi fares has not met his budget of R 3 000 000. And
that the fuel cost and repair costs have exceeded his budget of R1 200 000.

He has extracted the following information from the Ledger, the Fixed Assets Register
and other records on 30 June 2023, the last day of the financial year.

N.B: Mageba Taxi Services has estimated that a vehicle has a life span/
economic usefulness life of 10 years.

Details NGM 2468 | NMG 5678 | NMG 9876
Name of the Driver Ntoko Thabo Sgwebo

Date of purchase 1 July 2005 | 1 July 2020 | 1 July 2022
Cost of Vehicle R 150 000 R410 000 R 720 000
Accumulated Depreciation R149999| R246000| R144000
Carrying Value R1|R164000} R576000
Amount of Income cashed R960 000/ R180000} R 406000
Kilometers covered during the year 120000 KM | 70000KM]| 44000KM
Fuel and repair costs for the year R 900 000 R 420 000 R 242 000
Fuel and repair cost per kilometer R 7.50 R 6.80 R 5.50

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Accounting (Grade 10)

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QUESTION 3: FINAL LEDGER ACCOUNTS

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(62 Marks; 47 Minutes)

The following information was taken from the financial records of JIT Stores for the year
ended 28 February 2023. The business is owned by J George.

REQUIRED:

Prepare the following ledger accounts in the books of JIT Stores on 28 February 2023 after
taking into account adjustments and additional information. Close off the accounts.

nT

3.1. Trading Account!

tf
3.2 Profit and Logs‘Aécount

(9)

(53)
INFORMATION:
A Pre-adjustment Trial Balance of JIT Stores on 28 February 2023.
Debit Credit

Balance Sheet Accounts Section
Capital 3.918 960
Drawings 450 000
Mortgage Loan : Zuma Bank (18% p.a) 500 000
Land and Buildings 3 600 000
Equipment 240 000
Vehicles 1 560 000
Accumulated Depreciation on Equipment 47 000
Accumulated Depreciation on Vehicles 210 000
Trading Stock 359 000
Debtors Control 655 000
Bank 637 950
Petty Cash 20 000
Cash Float 30 000
Creditors Control 483 990
Fixed Deposit: Pongola Bank (12% p.a) 380 000
Pension Fund 45 000
Creditors for Salaries 268 000
Nominal Accounts Section
Sales 4 550 000
Cost of Sales 2 130 000
Debtors Allowances 45 000
Salaries and Wages 1 402 000
Rent Income 423 500
Interest on Overdraft 5 900
Rates 27 000
Insurance 38 000
Repairs 26 000
Telephone 18 400
Stationery 22 400)
Bank Charges 14 000]
Bad debts Recovered 7 300
Bad Debts 9 600 :
Interest on Loan 80 000
Interest on Fixed Deposit 40 000
Water and Electricity 30 000

11 131 300 11 131 300

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Accounting (Grade 10) June 2023 Common Test

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B ADJUSTMENTS AND ADDITIONAL INFORMATION

1, Rates include an amount of R 9 600 was paid for March and April 2023 in
advance.

2. The rent for February 2023 has not yet been received from the tenant.
3. A debt Myeni, who owed R 14 400 has disappeared. Write off his account
erable,

sand electricity account for February 2023 has not yet been paid,

5. Provide Tor outstanding interest on loan. The interest on loan is calculated at
18% p.a.

6. Depreciation for the year has been correctly calculated as follows:

- On equipment R 24 000
- On vehicles R 270 000

7. Provide for outstanding interest on fixed deposit. The interest on fixed deposit is
calculated at 12% p.a.

8. On 14 February 2023 goods worth R 40 000 were damaged by fire. The
insurance company has agreed to settle 60% of the claim, for which the EFT will
be made in March 2023. The entry for the stock damaged was entered correctly
in the trading stock account. Write off the loss due to fire.

9. Stock on hand as per physical count on 28 February 2023 revealed the
following:

- Trading stock, R 312 000

- Stationery .R 2 800

10. The bank statement received from Mchunu Bank reflected the following:

- Service Fees R 1 100

- EFT Charges R 900

- Interest on Overdraft R 4 500

- AnEFT from S.Fokazi for R 3 200, a debtor whose account was written off
as bad debt in 2021.

The relevant entries were not made.

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Accounting (Grade own load ed from h layiso © CAM. Common Test

NSC 7
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QUESTION 4: SALARY SCALES, WAGES JOURNAL, ETHICS AND INTERNAL CONTROL
(54 Marks; 41 Minutes)

4.1 The following salary scale was prepared for Alwande Mchunu, an administration
clerk who works at ABC Suppliers. She was employed on 1 January 2023.
INFORMATION:

480,000 x 48 000>576 000 x 52 000-680 000 x 55000845000 |
ee Ss
REQUIRED: Complete the table in you answer book and answer the following

questions.

4.1.1 What is Alwande Mchunu’s monthly starting salary? (4)
4.1.2 Inwhich year will Alwande Mchunu earn R576 000? (2)
4.1.3 By what percentage Alwande Mchune’s salary increase at the end of

the third year? (4)
4.1.4 | Howmany years will Alwande Mchunu have to work before he

earns an annual salary of R845 000? (2)

4.2 WAGES JOURNAL

You are provided with information related to CJB Traders for June 2023, the business
manufactures and sell schools tracksuits.
The business employs two (2) workers working to produce tracksuits.

4.2.1 Prepare the Wages Journal for the last week ending on 30 June 2023 (36)

4.2.2 The owner of the business Stan Mazibuko is concerned about the power
cuts (load shedding) that are negatively affecting his business. He is
considering retrenching one employee since load shedding is also
causing his business to pay huge amount on overtime.

« Give One point to the owner Stan Mazibuko against retrenching an

employee. (2)
= What measures can the business implement to prevent huge amount of
overtime. Explain Two Points (4)
INFORMATION:

The workers employed by the business are expected to work 40 hours per week,
however due to power cuts , employees worked as follows:

M. Mbambo 40.hours @ R 240 per hour
C. Ronaldo 35 hours @ R 340 per hour
OVERTIME S

M. Mbambo 15 hours)p/

C. Ronaldo 15 hoursyy

N.B: The overtime rate is double the normal time d000]

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Accounting (Grade 10) "1 . June 2023 Common Test
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Deductions are as follows PAYE is 26% of Gross Wages for

M. Mbambo and 31% of Gross Wages
for C. Ronaldo

Pension Fund 8% of Basic Wages
UIF 1% of Gross Wages

Medical Aid is deducted as follows

M. Mbamo — R 1 150

C. Ronaldo — R 1 790

EMPLOYERS CONTRIBUTIONS:

CJB Traders contributes on Rand — for — Rand basis towards Unemployment
Insurance Fund. And 12% of Basic Wages on Pension Fund.

CJBTraders also contributes R2.50 for every rand deducted on employees for
Medical Aid Fund.

TOTAL MARKS: 200

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KWAZULU-NATAL PROVINCE

EDUCATION
REPUBLIC OF SOUTH AFRICA

NATIONAL
SENIOR CERTIFICATE

GRADE 10

IMARKS: 200

MARKING PRINCIPLES:
Penalties for foreign items are applied only.if:the candidate is not losing marks elsewhere in the
question for that item (no penalty for misplaced item). No double penalty applied.
Full marks for correct answer. If answer incorrect, mark the workings provided.
If a pre-adjustment figure is shown as a final figure, allocate the part-mark for the working for that
figure (not the method mark for the answer).Note if figures stipulated in memo for components of
workings, these do not carry the method. mark for the final answer as well.
Unless otherwise indicated, the positive or negative effect of any figure must be considered to award
the mark. If no + or — sign or bracket is provided, assume that the figure is positive.
Where indicated, part-marks may be awarded to differentiate between differing qualities of answers
from candidates.

Where method marks are awarded for operation, the marker must inspect

answer and at least one part must be correct, before awarding the mark.

Operation means ‘Check operation’. ‘One part correct’ means ‘Operation &

Note: Check operation means must be +,-, x, or + per memo, but some items can be + or — $

Be aware of candidates who provide valid alternatives beyond the marking guid .

In awarding method marks, ensure that learners do not get full marks for any item that is incorrect at
least in part. Indicate, witha.

N.B. This marking guideline consists of 7 pages.

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Accountingiandnilvaded from Stanmorephysics. CoM June 2023 Common Test

arking eline
NSC
QUESTION 1
1.1.1 Ntshondwe Traders have the telephone numbers of all their debtors. What other

1.1.2

information should they obtain before allowing customers to open accounts? State
TWO points with a reason in EACH case.

Information to be obtained
viv

Reasonvv vv

Point 1 Salary advice slip / Proof of | To set credit limits for each possible debtor
income To determine affordability

To be able to trace debtors not adhering to

credit terms and conditions

Constant reminders of amount owed

To ensure that statements are sent to correct

: Proof of residence
Point2 | ; address

addresses
OR Contact details of family /] To track the debtor if other information is
friend incorrect / changes
OR Bank statement / balance hae how the debtor is managing his
- Ensure that correct personal details of
OR Identity document customers are on record
OR Credit references / To check that they will not sell to bad debtors
Credit history To check credit worthiness
OR Email address aselian communication of statements of 75
Calculate the correct closing balance of the Debtors’ Control Account on
30 June 2023.
324 400V +7 500V— 2 700VY V+ 1 500V = 330 700V Mone part correct
63 000 - 60 300
OR: T-account with figures on correct sides
Debit (plus) Credit (minus)
324 400 2700
7 500 Balance c/d 330 700
1.500 7
Calculate the correct amounts owing by debtors.
Calculations Balance
25 500 two marks *
§ Shangase (D1) 120 400v — 23 0502 450v 4 M94 900
K Buthelezi (D2) 75 000v_ 12 900v 3 “M162 100
T Mbhele (D3) 39 000” +7500 V8 100v” 5 *™138 400
N Mavuso (D4) 84 000
B Ntshangase (DS) eelihllemiaadla 7 pane . “7151 300
Total ¥ 1330 700
*One part derrect for method mark | | 19

| Total Marks | 32 |

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QUESTION 2
2.1.1
Answer
4
2 100 000%—1 250 000Y @” M850 000
2.1.2 (i) Answer
1 370 000V — 680 000VY
@” M690 000 4
(ii) Answer
See (i) above
690 000M — 400 000Y
@v M290 000 4
(iii) Answer
NEW:
680 000Y x 20/100Y x 6/12” @v M68 000
OLD:
See (i) above
690 000M x 20/100V M138 000 10
68 000(5 Marks) + 138 O00 (4 Marks) M206 000
(iv) Answer
See (iii) above
400 000v + 206 000M
@v 606 000 z
2.1.3 (i) Answer
No Workings ¥¥ 200 000
2

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Accountingiandihyaded from Stanmorephysics.com June 2023 Common Test

NSC
(ii) Answer
2 Marks
200 000V — 85 000 = 115 000 x 15/100”
@v 17 250
(iii) Answer

-102 250 One Mark, One M/Mark

200 000¥ — (85 000 + 17 250M)

@v 197 750

2.1.4

See 2.1.2 (iii)

See 2.1.3 (ii)

206 000VM + 17 250VvM1

Answer

223 250eM

2.2.1 Consider the information provided on 30 June 2023. Identify ONE problem
per taxi. Quote figures to support your opinion. Give ONE point of advice in

each case.

Problem with ae

High running cost R 7,50

Advice

Advice

Buy new vehicle
Swap the cars and give it to Sgwebo

NMG 2468) Vehicle too old exceeded 10
Ntoko years life span

Possibility that driver Thabo is Supervise / monitor the driver closely
NMG 5678} stealing cash R180 000 cashed. | Appoint drivers assistant
Thabo Less than other drivers Ensure that drivers deposit cash

within 24 hours

NMG 9876] Sgwebo is a lazy driver only Swap the cars andigive it to Ntoko
Sgwebo | 44 000 kms travelled Pay drivers in a form) of

commission/as per‘work
done/monies deposited

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| Total Marks

| 52 |

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h 'SICS.COM June 2023 Common Test

NSC
QUESTION 3
GENERAL LEDGER OF JIT STORES ON 28 FEBRUARY 2023
3.1. TRADING ACCOUNT
2023 2023 SalesY
Feb _|28 |Cost of Salegv= ¥2 130000 |Feb [28 |(4 550 000v- 45 000v) M4 505 000
Profit and Less% ¥ M2 375 000
4505 000 4505 000
For method marks operation one part correct
9
3.2. PROFIT AND LOSS ACCOUNT
2023 2023 M2 375 000
Feb |28 |Salaries and Wages ¥1402000 |Feb [28 |TradingAccounty |
Rent Income
Insurance ¥ 38 000 (423 500v+ 38 500V v) M462 000
Bad Debts Recovered
Repairs ¥ 26 000 (7 800v +3 200) M11 000
Interest on Fixed on Deposit
Telephone ¥18 400 (40 000V +5 600Vv) M45 600
Interest on Overdraft
(5 900V + 4 500v) M10 400
Rates(27 000v—9 600”) M17 400
Stationery
(22 400v- 2 800v) M19 600
Bank Charges
(14 000 +2 000v v) M116 000
Bad Debts
(9 600V + 14 400) M24 000
Interest on Loan
(80 000v +10 000v v) M90 000
Depreciation
(24 000V +270 000 ) M294 000
Water and Electricity
(30 000“+ 9 200”) M39 200
Loss due to fire
(40 000 x 40%) 3 marks
(40 000v — 24 000v'v) M16 000
Stock deficit
(359 000v — 312 000v’) M47 000
Capital Accounty wv 835 600
2 893 600 2 893 600
|
53

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arking eline
NSC
QUESTION 4
41
WORKINGS ANSWER
4.1.1 480 000v/12v 40 000vM
4.1.2 No Workings 2025vv
4.13 52 000v/576 000v x 100 9%
4.1.4 No Workings vv8 years 12
‘One part correct
4.2.1 WAGES JOURNAL OF CJB TRADERS ON 30 JUNE 2023
Employee Basic Wages (Normal Time) Overtime Gross
Hours | Rate Amount Hours Rate Amount _ | Wages
M . Mbambo 40v | 240v 9 600M 15 480vv 7 200M | 16 800M
C. Ronaldo 35v |  340v 11 900M 15 680vv | 10 200M | 22100M
14
Employee Deductions Net
PAYE Pension | Medical Aid | UIF Total Wages
Fund Scheme
M. Mbambo 4 368v 768v 1 150v 168v | 6 454M | 10 346M
C. Ronaldo 6 851v 952v 1 790v 221v | 9814M | 12 286M
12
Employee Employers Contributions Total
Pension | Medical Aid | UIF
Fund Scheme
M. Mbambo 1 008vM 2 875vM) 168 M4 051
C. Ronaldo 1 428vM 4 476vM) 221 M6 124
10

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Accountingiandihyaded from Stanmorephysics.com June 2023 Common Test

arking eline
NSC

4.2.2. | Explain One point to the owner Stan Mazibuko against retrenching an
eae

- Retrenching an employee will cause more unemployment
- ThiS-will reduce production level of the business
- This may create negative image of the business

Points for 1 Marks
- Unemployment
- Productivity
- Negative image

What measures can the business implement to prevent huge amount of

overtime. a Two Points

- Increase supervision of workers during breaks and lunch times
- Buy generators / install solar system

- Use power cuts to train workers

- Set daily production targets for each employee 4

Points for 1 Marks
- Supervision
- Generators / Solar
- Daily targets

| Total Marks | 54 |

TOTAL MARKS: 200

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## Collection

- [Grade 10 past papers](https://www.hlayiso.com/grade-10/past-papers)

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