accounting grade 11 assignment 2023

Most of the exam papers are available in English and Afrikaans

No June Exams was written due to covid

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Accounting Grade 11 Past Exam Papers with Answers Memos

On this page you will find Accounting Grade 11 past papers for exams, tests, assignments, revision notes, and worksheets for CAPS Curriculum:

Accounting Grade 11 Past Papers and Memos

Grade 11 Accounting students, here’s where you’ll find all your Accounting past papers and memos ! Covering Term 1 through Term 4, from 2023 back to 2015 , this page has CAPS DBE NSC and Common Test Papers from across South Africa, including Gauteng, Western Cape , and KwaZulu-Natal . Papers are organised by year and term to make exam prep smooth.

2024 Past Papers

March (term 1).

• LP Accounting Grade 11 March 2024 QP and Memo Download Paper
• LP Accounting Grade 11 March 2024 QP and Memo (1) Download Paper
• KZN Accounting Grade 11 March 2024 QP and Memo Download Paper

June (Term 2)

• LP Accounting Grade 11 June 2024 P1 and Memo Download Paper

2023 Past Papers

• Limpopo Accounting Grade 11 March 2023 QP and Memo Download Paper
• NW Accounting Grade 11 June 2023 P1 and Memo Download Paper
• GP Accounting Grade 11 June 2023 P2 and Memo Download Paper
• GP Accounting Grade 11 June 2023 P1 and Memo Download Paper
• KZN Accounting Grade 11 June 2023 P2 and Memo Download Paper
• KZN Accounting Grade 11 June 2023 P1 and Memo Download Paper

September (Term 3)

• KZN Accounting Grade 11 September 2023 QP and Memo Download Paper
• EC Accounting Grade 11 September 2023 QP and Memo Download Paper
• EC Accounting Grade 11 November 2023 P2 and Memo Download Paper
• EC Accounting Grade 11 November 2023 P1 and Memo Download Paper

2022 Past Papers

• Accounting Grade 11 March 2022 QP and Memo Download Paper
• Accounting Grade 11 June 2022 QP and Memo Download Paper
• Accounting Grade 11 September 2022 QP and Memo Download Paper
• FS Accounting Grade 11 November 2022 P1 and Memo Download Paper
• EC Accounting Grade 11 November 2022 P2 and Memo Download Paper
• EC Accounting Grade 11 November 2022 P1 and Memo Download Paper
• GP Accounting Grade 11 November 2022 P2 and Memo Download Paper
• GP Accounting Grade 11 November 2022 P1 and Memo Download Paper
• Accounting Grade 11 Project 2022 TERM 3 and Memo Download Project

2021 Past Papers

• Local Accounting Grade 11 April 2021 QP and Memo Download Paper
• Accounting Grade 11 April 2021 QP and Memo Download Paper
• Accounting Grade 11 June 2021 QP and Memo Download Paper
• Gauteng Accounting Grade 11 September 2021 QP and Memo Download Paper
• Gauteng Accounting Grade 11 November 2021 P2 and Memo Download Paper
• Gauteng Accounting Grade 11 November 2021 P1 and Memo Download Paper

2020 Past Papers

• Account Grade 11 March 2020 Download Paper
• Account Grade 11 March 2019 Download Paper
• ACC June 2019 Gr 11 P2 and Memo Download Paper
• ACC June 2019 Gr 11 P1 and Memo Download Paper
• Acc Sept 2019 Gr 11 QP and Memo Download Paper
• Acc Grade 11 Nov 2019
• Acc Grade 11 Nov 2019 P2 Memo Download Paper
• Grade 11 Account Nov 2019 Download Paper
• Exemplar 2019 Accounting Grade 11 P2 and Memo Download Paper
• Exemplar 2019 Accounting Grade 11 P1 and Memo Download Paper

Projects and Additional Papers

• GP Accounting Grade 11 Project 2024 Term 2 Download Project
• LP Accounting Grade 11 Project 2023 TERM 2 Download Project
• FS Accounting Grade 11 Project 2023 TERM 3 and Memo Download Project

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Grade 11 Accounting September Term 3 Past Papers and Memos

Grade 11 Accounting September Term 3 Past Papers and Memos:

2023 Grade 11 Accounting September Term 3 Past Papers and Memos

Explore the latest Grade 11 Accounting September Term 3 Past Papers and Memos for 2023. These resources are ideal for exam preparation and understanding the current trends in question formats.

• Download EC Accounting Grade 11 September 2023 QP and Memo
• Download KZN Accounting Grade 11 September 2023 QP and Memo

2022 Grade 11 Accounting September Term 3 Past Papers and Memos

Access the 2022 Grade 11 Accounting September Term 3 Past Papers and Memos . A valuable resource for revising and practicing problem-solving techniques.

• Download Accounting Grade 11 SEPT 2022 QP and Memo

2019 Grade 11 Accounting September Term 3 Past Papers and Memos

Prepare thoroughly with the 2019 Grade 11 Accounting September Term 3 Past Papers and Memos . These documents are crucial for understanding key concepts and exam expectations.

• Download Acc-Sept-2019-Gr11-QP-and-Memo

2016 Grade 11 Accounting September Term 3 Past Papers and Memos

Explore the 2016 Grade 11 Accounting September Term 3 Past Papers and Memos to help you prepare for exams and understand key concepts in Accounting.

• Download 2016 ACC SEPT QPMEMO
• Download 2016 ACC PROV. SEPT QPMEMO

2015 Grade 11 Accounting September Term 3 Past Papers and Memos

For more comprehensive practice, explore additional past papers and memos for Accounting from 2015.

• Download 2015 SEPT ACC QP MEMO

Additional Resources for Grade 11 Accounting

For a broad range of practice questions and answers, these additional papers and memos cover various topics and difficulty levels.

• Download SEPT ACC QPMEMO

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Accounting P1 GR11 QP NOV 2023 English D

Stanmore secondary - phoenix.

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Preview text

Senior certificate, november 2023, accounting p.

TIME: 2 hours

This question paper consists of 12 pages, including a formula sheet and an 8-page answer book.

2 ACCOUNTING P1 (EC/NOVEMBER 2023)

Copyright reserved Please turn over

INSTRUCTIONS AND INFORMATION

Read the following instructions carefully and follow them precisely.

Answer ALL the questions.

A special ANSWER BOOK is provided in which to answer ALL questions.

A Financial Indicator Formula Sheet is attached at the end of this question paper.

Show ALL workings to earn part-marks.

You may use a non-programmable calculator.

You may use a dark pencil or blue/black ink to answer questions.

Where applicable, show ALL calculations to ONE decimal point.

Write neatly and legibly.

Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it.

QUESTION TOPIC MARKS

1 Accounting equation and fixed asset note

Statement of Comprehensive Income

Statement of Financial Position and Notes to Financial Statements 50 40

Financial Indicators and Interpretation of Financial Statements

TOTAL 150 120

4 ACCOUNTING P1 (EC/NOVEMBER 2023)

QUESTION 1: ACCOUNTING EQUATION AND FIXED ASSET NOTE

(20 marks; 15 minutes)

1 ACCOUNTING EQUATION

Complete the table provided to indicate the effect on the accounting equation for the transactions listed below. Follow the example provided. (8)

NOTE : Assume that the bank balance is unfavourable and the perpetual inventory system is in use for all transactions.

Example: Purchase trading stock on credit.

1.1 The account of a debtor who could not be traced, must be written off as irrecoverable.

1.1 Charged interest on the overdue account of a debtor.

1.1 A partner, M Stick, took stationery from the office for his own use.

1.1 The credit balance of a debtor must be transferred to his account in the creditors’ ledger.

(EC/NOVEMBER 2023) ACCOUNTING P1 5

1 FIXED (TANGIBLE) ASSETS

The information relates to SANDI BROTHERS for the financial year ended 28 February 2023.

Calculate the missing figures indicated by (i) to (iii) on the Fixed Asset Note. (12)

INFORMATION:

A. Note to the Statement of Financial Position:

FIXED ASSETS BUILDINGS VEHICLES EQUIPMENT

Carrying value (1 March 2022) 1 190 000 360 000 Cost (i) 1 950 000 970 000 Accumulated depreciation 0 (760 000) (610 000) Movements Additions 500 000 0 270 000 Disposals 0 (ii) 0 Depreciation 0 (270 000) (iii) Carrying value (28 Feb. 2023) Cost 6 150 000 Accumulated depreciation

B. Additional Information

x Depreciation is calculated as follows: Equipment – 10% p. on carrying value. Vehicles – 15% p. on cost.

x During the financial year, extensions to the buildings were completed.

x An old vehicle, cost price R300 000, was sold at carrying value on 31 August 2022. The accumulated depreciation on this vehicle was R240 000 on 1 March 2022.

x New equipment was purchased on 1 November 2022.

(EC/NOVEMBER 2023) ACCOUNTING P1 7

A. Extract from the Pre-Adjustment Trial Balance on 28 February 2023

Capital: Govner 595 750 Capital: Veaner 595 750 Trading stock 242 650 Debtors control 168 250 Provision for bad debts 10 150 Creditors control 225 600 Sales 5 701 320 Cost of Sales 3 563 350 Rent Income 82 100 Consumable Stores 41 450 Interest on Fixed Deposit 53 250 Interest on overdue account of debtors 4 250 Interest on loan? Insurance 43 150 Salaries and Wages (including employer’s contribution) 896 250 Bad debts 8 990 Bad debts recovered 1 890

B. The following adjustments were not taken into account by the bookkeeper:

(i) Damaged goods with a cost price of R3 500, were sold at a mark-up of 50% on cost. (ii) Stock to the value of R17 400 was stolen during a break-in on 15 February 2023. The insurance company agreed to pay 80% of the stock-value in March 2023. (iii) Stock count on 28 February 2023 revealed the following on hand:

x Trading stock, R214 500 x Consumable stores used during the financial year, R35 350. (iv) A debtor whose account was written off as irrecoverable paid the amount of R810. This was incorrectly credited to the bad debts account. (v) The provision for bad debts must be decreased to R 8 150. (vi) Insurance includes a premium of R4 950 for the period 1 January 2023 to 30 June 2023. (vii) Rent income include the rent for March 2023. NOTE: Rent increased by R250 on 1 October 2022. (viii) An employee was omitted from the salaries journal in error. The details of his salary are as follows:

Net salary Total deductions Contributions R24 500 30% of gross salary R3 850

(ix) Sundry expenses is the balancing figure.

8 ACCOUNTING P1 (EC/NOVEMBER 2023)

QUESTION 3: STATEMENT OF FINANCIAL POSITION AND

NOTES TO FINANCIAL STATEMENTS (50 marks; 40 minutes)

Partners H. Hockey and T. Tennis are owners of the business Ball Sport Traders. You are provided with information for the financial year ended 28 February 2023.

3 Calculate the Interest on Capital of Partner Hockey. (4)

3 Complete the Current Account note on 28 February 2023. (17)

3 Complete the Statement of Financial Position on 28 February 2023. (29)

NOTE: Some amounts have been entered in the ANSWER BOOK.

A. Extract from the records on 28 February 2023

Capital: Hockey R 1 680 000 Capital: Tennis 1 120 000 Current account: Hockey Dr) 32 670 Current account: Tennis (Cr) 58 030 Drawings: Hockey 623 150 Drawings: Tennis 563 250 Mortgage loan? SARS (PAYE) 75 330 Fixed assets at carrying value? Fixed deposit: Gold Bank 582 000 Inventory 286 400 Debtors control 204 600 Provision for bad debts 10 230 Bank (Cr) 101 500 Cash float 20 200 Pension fund 75 330 Prepaid expenses 62 420 Accrued expenses 32 700 Creditors control 763 860 Profit and Loss 1 490 120

10 ACCOUNTING P1 (EC/NOVEMBER 2023)

QUESTION 4: FINANCIAL INDICATORS AND INTERPRETATION OF FINANCIAL

(35 marks; 25 minutes)

You are provided with the information of Yoyo Partners for the financial year ended

28 February 2023.

4 Calculate the following financial indictors on 28 February 2023:

x % Operating expenses on sales (2) x Acid-test ratio (4) x Debt-equity ratio (3) x % Return on average partners (owners’) equity (5)

NOTE: Provide figures, trends, financial indicators or calculations in EACH case to support your comments and explanations.

4 Explain whether the business is managing its expenses effectively. Identify TWO financial indicators (with figures) to support your explanation. (6)

4 Partner Yozo is concerned about the liquidity position. Explain whether he is justified or not. Quote TWO financial indicators, with figures. (6)

4 The partners have increased the monthly instalments on the loan. Explain the effect of this on the financial risk of the business. Quote ONE financial indicator with figures to support your explanation. (4)

4 Explain whether the partners should be happy with the % return earned by their investment in this partnership. Quote ONE financial indicator, with figures. (5)

(EC/NOVEMBER 2023) ACCOUNTING P1 11

A. Extract from the Statement of Comprehensive Income for the year ended 28 February:

Sales 3 380 400 2 670 000 Gross profit 1 352 160 1 201 500 Operating expenses 845 100 774 300 Net profit for the year 591 570 347 100

B. Extract from the Statement of Financial Position on 28 February:

Current Assets 557 800 656 480 Inventory (trading stock only) 231 800 350 600 Trade and other receivables 183 400 142 600 Cash and cash equivalents 142 600 163 280 Partners Equity 2 176 210 1 945 920 Capital: Yoza 1 520 000 1 100 000 Capital: Yoga 600 000 800 000 Current account: Yoza 36 010 20 000 Current account: Yoga 20 200 25 920 Loan: Komani bank 1 300 200 1 500 000 Current liabilities 278 900 410 300

C. Financial indicators calculated on 28 February:

% gross profit on sales 40% 45% % operating expense on sales? 29% % Net profit on sales 17,5% 13% Current ratio 2 : 1 1,6 : 1 Acid-test ratio? 0,7 : 1 Debtors’ collection period 29 days 36 days Debt-equity Ratio? 0,7 : 1 % Return on partners’ (owners’) equity? 17,8%

D. Additional Information:

Interest on loan 11% 11% Interest on fixed deposit 8% 8%

• Multiple Choice

Subject : Accounting

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