Accounting Paper 1 (English)

May-June 2019 — Grade 12 / Matric — Accounting

Past Paper 2019 Grade 12 English Accounting Hub →

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🎯 35 marks 📄 5 pages 📝 41 items found 📚 9 topics

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Q1— Section header —

1.2Calculate the amount receivable from or payable to SARS for VAT on 30 April 2019. Workings Answer 11 Receivable/Payable: Accounting

1.3BANK RECONCILIATION

1.3.1Calculate the correct Bank Account balance on 31 May 2019. Provisional Bank balance R19 400 Favourable/Unfavourable:

1.3.2Bank Reconciliation Statement on 31 May 2019 DEBIT CREDIT

1.3.3State TWO internal control measures that the business can use to ensure that this will not happen in the future. TOTAL MARKS 35 Accounting DBE/2019 SC/

Q2— Section header —

2.2PHOTO FIX TRADERS

2.2.1Calculate: Value of closing stock of cameras Workings Answer

2.2.2Value of closing stock of photo frames Workings Answer

2.2The owner suspects that photo frames are being stolen. Provide a calculation to confirm his suspicions. Workings Answer Accounting

2.2Tom is thinking of employing an assistant at a wage of R3 500 per month to control the stock of photo frames. Explain why this is NOT a good idea. Provide TWO points with figures/calculations. Explanation

2.3MANAGEMENT OF INVENTORIES Product Problem Solution Cupboards Tables Chairs TOTAL MARKS

Q3— Section header —

3.2.1Calculate: The value of the closing stock using the first in first out stock valuation method Workings

3.2.2Factory overhead cost TOTAL b/f 84 330

3.2Provide evidence (figures\to justify his concern. In each case, also give a possible reason for the increase in EACH unit cost, apart from normal inflation. COST EVIDENCE REASON Total fixed

3.2.4Calculate the break even point on 31 December 2018. Workings Answer Explain whether or not there was any improvement in

Q4— Section header —

4.2AUDIT REPORT

4.2.1Choose the correct word from those given in brackets. Give ONE reason.

4.2.2Give ONE reason why the Companies Act requires public companies to be audited by an independent auditor.

4.2.3Newspaper reports have indicated that Kego and Murray Associates have been found guilty of misconduct in terms of audit work done at several large firms. Explain how this may influence shareholders of

4.3MVVS LTD

4.3.1Statement of Comprehensive Income (Income Statement\for the year ended 31 March 2019 Sales Cost of sales Gross profit Operating income Rent income 99 500

4.3.2NOTES TO THE BALANCE SHEET Fixed/Tangible Asset Land and buildings Vehicles Equipment Carrying value at beginning of financial year

Q5— Section header —

5.2KULFI LTD

5.2.1RETAINED INCOME NOTE Balance on 1 March 2018 Net profit after tax Ordinary share dividends 12 Balance on 28 February 2019

5.2.2Calculate: Income tax paid Workings Answer Calculate: Dividends paid Workings Answer

5.2.3Cash effects of investing activities Accounting 12 DBE/2019 SC/ NS Answer Book

5.2.4Calculate: Acid test ratio Workings Answer Calculate: Debt

5.2.5The shareholders are satisfied with the improvement in the liquidity position. Quote THREE financial indicators (with figures\to support this statement.

5.2.6The company increased the share capital by R840 000, and the loan by R550 000. Explain how this affected the gearing and risk of the company. Quote TWO financial indicators. Accounting 13

5.2.7Provide calculations to show the change in the pay out rate. Give ONE reason why many shareholders were satisfied with the change in policy. Quote figures.

5.2.8Explain how the repurchase of the shares benefited Martha shareholding. Quote figures. TOTAL MARKS 75 Accounting 14

Q6— Section header —

6.1Identify TWO items n the Cash Budget that will not appear in a Projected Income Statement.

6.2(i\ Calculate: Rent income June 2019 Workings Answer (ii\ Calculate: Fixed

6.3Calculate the total purchases for April 2019. Workings Answer

6.4DEBTORS COLLECTION SCHEDULE CREDIT SALES JUNE JULY MAY 576 000 374 400

Topics Identified

Bank ReconciliationVATDepreciationManufacturingBudgetingFinancial StatementsCompaniesDebtors ControlCreditors Control

Mark Allocation

Total533 marks

Paper information

SubjectAccounting

Year2019

SessionMay-June

TypePast Paper

PaperPaper 1

LanguageEnglish

Pages15

Downloads9

Examination context

Decade2010s

Years ago7y

Season—

Start day—

Exam period—

Days since exam—

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 — browse all years, sessions and languages in one place.

How to use this resource for revision

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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 — the memorandum allocates method marks on a per-line basis. Keep working papers neat, label every calculation, and never skip a step.

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Corresponding marking memorandum

Marking memorandum available

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Accounting Memo 1 (English) →

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Archived on11 October 2026

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