Acounting
CENTRE NUMBER
EXAMINATION NUMBER
NATIONAL SENIOR CERTIFICATE ACCOUNTING GRADE 12 NOVEMBER 2009
SPECIAL ANSWER BOOK
QUESTION 1 2 3 4 5 6 TOTAL MARKS INITIAL MOD.
This answer book consists of 20 pages.
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Accounting
2 NSC – Answer book
DoE/November 2009
QUESTION 1 1.1 Explain why it is important for a business to prepare a Bank Reconciliation Statement each month.
2 1.2 CRJ Provisional total Bank 70 600 CPJ Provisional total Bank 105 320
12 1.3 Calculate the Bank Balance on 31 May 2009.
State whether this is a favourable or an unfavourable balance. 6
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Accounting
3 NSC – Answer book
DoE/November 2009
1.4 BANK RECONCILIATION STATEMENT ON 31 MAY 2009
10 1.5 The fixed deposit of R84 000 matures next month. What advice would you offer the owner in this regard? Explain TWO points, quoting appropriate figures to support your answer.
4 1.6 Explain why the internal auditor should be concerned about the outstanding deposit of R20 295.
Explain how cheque No. 674 should be dealt with when the financial statements are prepared on 31 May 2009. Give a reason for your answer.
6
40
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Accounting
4 NSC – Answer book
DoE/November 2009
QUESTION 2 2.1.1 PRODUCTION COST STATEMENT OF PD PENCILS MANUFACTURERS FOR THE YEAR ENDED 31 OCTOBER 2009 TOTAL
? ?
Prime cost
?
Work-in-process stock on 1 November 2008
37 600
?
Cost of production of finished goods
3 525 000 10
2.1.2
Calculate the cost of production per unit.
3 2.1.3 Calculate the net profit.
5
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Accounting
5 NSC – Answer book
DoE/November 2009
2.2.1
Calculate the break-even 31 October 2009.
point
for
the
year
ended
5 2.2.2 Should the business be satisfied with the number of units that are currently produced? Explain.
3 2.2.3 Despite the fact
EXAMINATION NUMBER
NATIONAL SENIOR CERTIFICATE ACCOUNTING GRADE 12 NOVEMBER 2009
SPECIAL ANSWER BOOK
QUESTION 1 2 3 4 5 6 TOTAL MARKS INITIAL MOD.
This answer book consists of 20 pages.
Copyright reserved
Please turn over
Accounting
2 NSC – Answer book
DoE/November 2009
QUESTION 1 1.1 Explain why it is important for a business to prepare a Bank Reconciliation Statement each month.
2 1.2 CRJ Provisional total Bank 70 600 CPJ Provisional total Bank 105 320
12 1.3 Calculate the Bank Balance on 31 May 2009.
State whether this is a favourable or an unfavourable balance. 6
Copyright reserved
Please turn over
Accounting
3 NSC – Answer book
DoE/November 2009
1.4 BANK RECONCILIATION STATEMENT ON 31 MAY 2009
10 1.5 The fixed deposit of R84 000 matures next month. What advice would you offer the owner in this regard? Explain TWO points, quoting appropriate figures to support your answer.
4 1.6 Explain why the internal auditor should be concerned about the outstanding deposit of R20 295.
Explain how cheque No. 674 should be dealt with when the financial statements are prepared on 31 May 2009. Give a reason for your answer.
6
40
Copyright reserved Please turn over
Accounting
4 NSC – Answer book
DoE/November 2009
QUESTION 2 2.1.1 PRODUCTION COST STATEMENT OF PD PENCILS MANUFACTURERS FOR THE YEAR ENDED 31 OCTOBER 2009 TOTAL
? ?
Prime cost
?
Work-in-process stock on 1 November 2008
37 600
?
Cost of production of finished goods
3 525 000 10
2.1.2
Calculate the cost of production per unit.
3 2.1.3 Calculate the net profit.
5
Copyright reserved
Please turn over
Accounting
5 NSC – Answer book
DoE/November 2009
2.2.1
Calculate the break-even 31 October 2009.
point
for
the
year
ended
5 2.2.2 Should the business be satisfied with the number of units that are currently produced? Explain.
3 2.2.3 Despite the fact