Grade 10 Acc Exam

NATIONAL SENIOR CERTIFICATE

GRADE 10

ACCOUNTING EXEMPLAR PAPER - 2006

MARKS: 300 TIME: 2 hours

This question paper consists of 15 pages.

Copyright reserved

Please turn over

Accounting

2 NSC

DoE/Exemplar

INSTRUCTIONS AND INFORMATION 1. 2. You are provided with a question paper and an answer book. The paper comprises FOUR compulsory questions. The compulsory questions are QUESTIONS 1, 2, 3 and 4. Answer ALL these questions. You must also answer ONE other question; either QUESTION 5 OR Question 6. Use the answer book provided in order answer the questions. Workings must be shown in order to achieve part-marks. You must attempt to comply with the suggested time allocations. Non-programmable calculators may be used. You may use pencil or blue/black ink to answer the questions. QUESTION 1: 40 marks; 30 minutes
The topic of the question is: Recording information and internal control The learning outcomes covered are:
LO1 Financial information - AS2 Use of source documents and ledger LO3 Managing resources - AS4 Ledger for perpetual inventory system - AS6 Knowledge of internal control

3.

4. 5. 6. 7. 8.

QUESTION 2: 30 marks; 25 minutes
The topic of the question is: Cost concepts The learning outcomes covered are:
LO2 Managerial accounting - AS2 Identify basic cost concepts

QUESTION 3: 100 marks; 55 minutes
The topic of the question is: Financial statements and concepts The learning outcomes covered are:
LO1 Financial information - AS1 Explain accounting concepts - AS5 Prepare financial statements of sole traders

QUESTION 4: 65 marks; 40 minutes
The topic of the question is: Budget concepts The learning outcomes covered are:
LO2 Managerial accounting - AS3 Explain basic budget concepts LO3 Managing resources - AS2 Salaries & wage scales - AS5 Code of ethics

CHOOSE EITHER QUESTION 5 OR QUESTION 6 QUESTION 5: 65 marks; 30 minutes
The topic of the question is: Interpreting financial statements The learning outcomes covered are:
LO1 Financial information - AS5