NATIONAL SENIOR CERTIFICATE
GRADE 12
ACCOUNTING FEBRUARY/MARCH 2011
MARKS: 300 TIME: 3 hours
This question paper consists of 19 pages and an answer book of 16 pages.
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Accounting
2 NSC
DBE/Feb. – Mar. 2011
INSTRUCTIONS AND INFORMATION Read the following instructions carefully and follow them precisely. 1. 2. 3. 4. 5. Answer ALL the questions. A special ANSWER BOOK is provided in which to answer ALL the questions. Workings must be shown in order to achieve part-marks. You may use a non-programmable calculator. You may use dark pencil or blue/black ink to answer the questions.
Copyright reserved
Please turn over
Accounting
3 NSC
DBE/Feb. – Mar. 2011
6.
Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it. QUESTION 1: 35 marks; 20 minutes
The topic of the question: Learning outcomes covered: LO2 Managerial accounting AS3 Analyse and interpret a Cash Budget LO3 Managing resources AS6 Apply internal control and audit processes
Cash Budgets
QUESTION 2: 30 marks; 20 minutes
The topic of the question: Learning outcomes covered: LO1 Financial accounting AS4 Reconciliation and interpretation LO3 Managing resources AS5 Code of ethics AS6 Apply internal control and audit processes
Debtors' Reconciliation and Internal Control
QUESTION 3: 50 marks; 30 minutes
The topic of the question: Learning outcomes covered: LO2 Managerial accounting AS2 Production Cost Statement AS2 Income Statement AS2 Unit costs and break even LO3 Managing resources AS6 Apply internal control and audit processes
Manufacturing
QUESTION 4: 75 marks; 45 minutes
The topic of the question: Learning outcomes covered: LO1 Financial accounting AS1 Concepts AS5 Financial statements AS6 Analyse audit report LO3 Managing resources AS3 Interpret and report on asset disposal AS5 Code of ethics
Concepts and Interpretation of Financial