GRAAD 12
NATIONAL
SENIOR CERTIFICATE
GRADE 11
ACCOUNTING
EXEMPLAR 2013
MARKS: 300
TIME: 3 hours
This question paper consists of 17 pages and a 16-page answer book.
Copyright reserved
Please turn over
Accounting
2
NSC – Grade 11 Exemplar
DBE/2013
INSTRUCTIONS AND INFORMATION
Read the instructions below carefully and follow them precisely.
1.
Answer ALL the questions.
2.
A special ANSWER BOOK is provided in which to answer ALL the questions.
3.
Workings must be shown in order to achieve part-marks.
4.
Non-programmable calculators may be used.
5.
You may use a dark pencil or blue/black ink to answer the questions.
6.
Use the information in the table below as a guide when answering the
question paper. Try NOT to deviate from it.
QUESTION
1
TOPIC
VAT, Membership Fees and
Creditors' Reconciliation
2
Manufacturing and Ethics
3
Balance Sheet, Fixed Assets
and Notes
4
5
6
Analysis and Interpretation
of Information
Budget, Ethics and Internal
Control
Periodic Stock System,
Internal Control and
Problem-solving
CATEGORY
Financial
accounting
Managerial
accounting
Financial
accounting
Managing
resources
Financial
accounting
Managerial
accounting
Managing
resources
TOTALS
Copyright reserved
MARKS
MINUTES
40
24
50
30
80
48
55
33
40
24
35
21
300
180
Please turn over
Accounting
QUESTION 1:
3
NSC – Grade 11 Exemplar
DBE/2013
VAT, MEMBERSHIP FEES AND CREDITORS' RECONCILIATION
(40 marks; 24 minutes)
This question consists of three separate subquestions on different topics.
1.1 VAT
You are provided with information of Quick Buy, a registered VAT vendor.
All goods are subject to 14% VAT.
REQUIRED:
Calculate the VAT amount owing to SARS at the end of June 2013.
(13)
INFORMATION:
EXTRACT FROM THE JOURNALS OF QUICK BUY
EXCLUDING
VAT
VAT
Cash Receipts Journal
1 413 000
?...