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CENTRE NUMBER

EXAMINATION NUMBER

SENIOR CERTIFICATE EXAMINATIONS/

NATIONAL SENIOR CERTIFICATE EXAMINATIONS
ACCOUNTING P2
GRADE 12
2023

SPECIAL ANSWER BOOK

QUESTION MARKS INITIAL MOD.

1

TOTAL

This answer book consists of 10 pages.

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Accounting/P2 2 DBE/2023
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QUESTION 1

1.1
1.1.1
1.1.2
1.1.3
3

1.2 VIOLET STORES

1.2.1 UPDATE THE CASH JOURNALS FOR 30 APRIL 2023

CASH RECEIPTS JOURNAL CASH PAYMENTS JOURNAL
Amount Amount
Total 115 600 Total 217 800

10

1.2.2 Calculate the correct Bank Account balance on 30 April 2023.

WORKINGS ANSWER

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Accounting/P2 3 DBE/2023
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1.2.3 BANK RECONCILIATION STATEMENT ON 30 APRIL 2023

1.2.4 Violet noticed problems with the depositing of cash. Explain TWO
measures that she can use to address these problems.

TOTAL MARKS

30

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Accounting/P2 4 DBE/2023
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QUESTION 2

2.1.1 Calculate: Value of the closing stock of the Arctic TV sets using the FIFO
method on 28 February 2023
WORKINGS ANSWER

5
2.1.2 Calculate: Stockholding period (in days) of the Arctic TV sets using the
closing stock figure on 28 February 2023
WORKINGS ANSWER

2.2.1 Calculate: Value of the closing stock of the Pacific TV sets on

28 February 2023 using the specific identification method
WORKINGS ANSWER

2.2.2 Calculate: Gross profit on the Caspian Smart TV sets on

28 February 2023
WORKINGS ANSWER

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Accounting/P2 5 DBE/2023
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2.2.3 Comment on the quarterly sales of the Pacific TV sets and explain
whether or not Mandie's adjustment of the selling price was a wise
decision. Quote figures or calculations.

4
2.2.4 Comment on the stockholding periods of the Pacific and Caspian TV
sets. Quote figures or calculations.

4
Explain how the different holding periods affect the business financially.
Quote figures or calculations.

4
Explain what these periods indicate about the preferences of the
customers. Quote figures or calculations.

4
2.2.5 Provide TWO points of advice to Mandie on how she can rectify the high
stock levels of some of her products without reducing prices offered to
customers any further.

TOTAL MARKS

35

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Accounting/P2 6 DBE/2023
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QUESTION 3

3.1 LADOO MANUFACTURERS

3.1.1 FACTORY OVERHEAD COST

TOTAL before corrections 2 638 600

3.1.2 PRODUCTION COST STATEMENT ON 28 FEBRUARY 2023

PRIME COST 12 500 000

TOTAL MANUFACTURING COST

Work-in-progress at beginning of year 542 000

Work-in-progress at end of year

COST OF PRODUCTION OF FINISHED GOODS

10

3.2 STYLZ MAKER

3.2.1 Do a calculation to confirm that the break-even point for 2023 is correct.

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Accounting/P2 7 DBE/2023
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Comment on the level of production and the break-even point for the past
two years. Explain whether Lez Styles would be happy about the trends
in these results and the profit he is earning. Provide figures or
calculations.

3.2.2 Explain why Lez is not concerned about the fixed costs increasing to
R6,1 m in 2023. Quote figures.

3.2.3 Identify how the selling and distribution costs in total and per unit
changed over the two years. Quote figures.

2
Explain TWO reasons why Lez deliberately wanted to adjust this cost.

Reason 1

Reason 2
2

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Accounting/P2 8 DBE/2023
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3.2.4 Lez made specific decisions to improve the business and its product.
Explain how the decisions he took have benefited the business by
providing:

TWO separate points relating to the raw material. Quote figures or

calculations.

Point 1

Point 2
6
TWO separate points relating to the direct labour. Quote figures or
calculations.

Point 1

Point 2
6

TOTAL MARKS

45

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Accounting/P2 9 DBE/2023
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QUESTION 4

4.1 PROJECTED STATEMENT OF

CASH BUDGET
NO. COMPREHENSIVE INCOME
RECEIPT PAYMENT INCOME EXPENSE
4.1.1

4.1.2
6

4.2 ALICE FURNISHERS (PTY) LTD

4.2.1 DEBTORS' COLLECTION SCHEDULE

CREDIT
MAY JUNE JULY
SALES
April 882 000 485 100 194 040
May 891 800 164 983 490 490
June 921 200 170 422
July 931 000
650 083 854 952 7

4.2.2 Calculate:
WORKINGS ANSWER
(i) Cash sales for July 2023

(ii) Loan amount in June 2023

(iii) Payment to creditors in July 2023

4.2.3 Calculate the % increase that workers will receive in July 2023.
WORKINGS ANSWER

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Accounting/P2 10 DBE/2023
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Give TWO reasons why you think that workers would be satisfied with
this increase.

Reason 1

Reason 2
2

4.2.4 Comment on the effectiveness of the advertising. Provide figures or

calculations.

4
Alice is satisfied with the control over delivery expenses. Provide figures
or calculations to justify her feelings.
WORKINGS ANSWER

2
Alice is, however, concerned about the control over each vehicle.
Identify a different issue (problem) for EACH vehicle that confirms her
concern. Provide figures or calculations to justify her feelings.

Vehicle 1

Vehicle 2
4
Provide TWO suggestions on how Alice can improve the use or efficiency
of the vehicles.

Suggestion 1

Suggestion 2
4

TOTAL MARKS

40

TOTAL: 150
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