Accounting Paper 2 (English)

May-June 2023 โ€” Grade 12 / Matric โ€” Accounting

Past Paper 2023 Grade 12 English Accounting Hub โ†’
โ†“ Download PDF Facebook X ๐Ÿ“„ 321.4 KB View Memorandum
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๐Ÿ“‹ Document Analysis

๐ŸŽฏ 3 marks ๐Ÿ“„ 10 pages ๐Ÿ“ 27 items found ๐Ÿ“š 6 topics
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Questions โ€” A Preview of What to Expect in the Document

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Q1โ€” Section header โ€”
1.2VIOLET STORES
1.2.1UPDATE THE CASH JOURNALS FOR 30 APRIL 2023 10 CA SH RECEIPTS JOURNAL CASH PAYMENTS JOURNAL Amount Amount
1.2.2Calculate the correct Bank Account balance on 30 April 2023. WORKINGS ANSW ER Accounting/P2 DBE/2023 SC/
1.2.3BANK RECONCILIATION STATEMENT ON 30 APRIL 2023
1.2.4Violet noticed problems with the depositing of cash. Exp lain TWO measures that she can use to address these problems. TOTAL MARKS Accounting/P2 DBE/2023
Q2โ€” Section header โ€”
2.1.1Calculate: Value of the closing stock of the Arctic TV sets using the FIFO method on 28 February 2023
2.1.2Calculate: Stockholding period (in days\ of the Arctic TV sets using the closing stock figure on 28 February 2023 WORKINGS
2.2.1Calculate: Value of the closing stock of the Pacific TV sets on 28 February 2023 using the specif ic identification method WORKINGS
2.2.2Calculate: Gross profit on the Caspian Smart TV sets on 28 February 2023 WORKINGS ANSWER
Q3โ€” Section header โ€”
3.1LADOO MANUFACTURERS
3.1.1FACTO RY OVERHEAD COST TOTAL before corrections 2 638 600
3.1.2PRODUCTION COST STATEMENT ON 28 FEBRUARY 2023 PRIME COST 12 500 000 TOTAL MANUFACTURING COST Work in progress at beginning of year
3.2STYLZ MAKER
3.2.1Do a calculation to confirm th at the break even point for 2023 is correct. Accounting/P2 DBE/2023
3.2.2Explain why Lez is not concerned about the fixed costs inc reasing to R6,1 m in 2023. Quote figures.
3.2.3Identify how the selling and distribution costs in total and per unit changed over the two years . Quote figures. Explain TWO reasons why Lez deliberately wanted to adjust this cost. Reason 1 Reason 2
3.2.4Lez made specific decisions to improve the business and its product. Explain how the decisions he took have benefited the business by providing: WO separate points relating to the raw material. Quote fi
Q4โ€” Section header โ€”
4.1NO CASH BUDGET PROJECTED STATEMENT OF COMPREHENSIVE INCOME RECEIPT PAYMENT INCOME EXPENSE
4.2ALICE FURNISHERS (PTY\
4.2.1DEBTORS COLLECTION SCHEDULE CREDIT SA LES MAY JUNE JULY
4.2.2Calculate: WORKINGS ANSWER (i\ Cash sales for July 2023 (ii Loan amount in Ju ne 2023
4.2.3Calculate the % increase that workers will receive in July 2023. WORKINGS ANSWER Accounting/P2 10 DBE/2023 SC/ NSC
4.2.4Comment on the effectiveness of the advertising. Provide figures or calculations. Alice is satisfied with the control over delivery expenses. Provide figures or calculations to justify her feeli ngs. WORKINGS

Topics Identified

6
Bank ReconciliationInventoriesManufacturingBudgetingDebtors ControlCreditors Control

Mark Allocation

Total217 marks

Paper information

SubjectAccounting
Year2023
SessionMay-June
TypePast Paper
PaperPaper 2
LanguageEnglish
Pages10
Downloads10

Examination context

Decade2020s
Years ago3y
Seasonโ€”
Start dayโ€”
Exam periodโ€”
Days since examโ€”

About Accounting examination preparation

Grade 12 Accounting tests bookkeeping, financial statements, and interpretation of corporate data. Paper 1 covers VAT and manufacturing accounts, while Paper 2 tests partnerships and corporations.

Every available Grade 12 Accounting past paper and memorandum is collected in the Accounting hub at accounting.freemode.co.za โ€” browse all years, sessions and languages in one place.

How to use this resource for revision

A past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason โ€” was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?

For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

accurate accounting calculations
interpreting financial information
applying accounting principles
presenting structured answers
checking numerical accuracy

A practical revision approach

Accounting rewards presentation discipline โ€” the memorandum allocates method marks on a per-line basis. Keep working papers neat, label every calculation, and never skip a step.

Grade 12 subject hubs

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Corresponding marking memorandum

Marking memorandum available

Use the corresponding memorandum after completing the paper to review your answers and identify areas that require further revision. The memorandum shows the marking approach used by DBE examiners, including method-mark allocations.

Accounting Memo 2 (English) โ†’

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