Accounting Grade 11 Term 3 September Past Papers and Memos

1. Q1 Statement of Comprehensive Income 68 marks
2. Q2 Internal Control and Statement of Financial Position 32 marks

1. Q1 BudgetingFrank’s Fruit and Vegetables Store is situated in, Kanana, Limpopo. This 30 marks
2. Q2 Inventory Valuation2.1 Explain the difference between Perpetual and periodic inventory systems. 25 marks
3. Q3 Cost Accounting3.1 Choose the correct term in the brackets. Write only the term next to the 45 marks

Instructions to candidates

1. Answer ALL the questions.
2. A special ANSWER BOOK is provided in which to answer ALL the questions.
3. A FORMULA SHEET for financial indicators is provided at the back of this question paper. You may use it if necessary
4. Show ALL workings in order to earn part-marks.
5. You may use a non-programmable calculator.
6. You may use a dark pencil or black/blue ink to answer the questions
7. Where applicable ,show ALL calculations to ONE decimal point
8. Write neatly and legible.
9. Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it. QUESTION TOPIC MARKS MINUTES 1 Budgeting 30 27 2 Inventory Valuation 25 23 3 Cost accounting 45 40 TOTAL 100 90 Accounting 3 Limpopo DoE September

1. Q1 ReconciliationsComplete the following sentences by filling in the missing word(s). Write only the
2. Q2 Cost AccountingChoose the correct term in COLUMN B that matches an explanation in
3. Q3 Inventory and Vat CalculationsState whether the statements are TRUE or FALSE. Write only TRUE or
4. Q4 BudgetsChoose a correct term in COLUMN B that matches an explanation in 40 marks
5. Q5 Microeconomics• Discuss, in detail, the price elasticity of demand (PED) without the aid of 40 marks
6. Q6 Contemporary Economic Issues• Examine, in detail, the problems threatening the environment. (26 marks) 40 marks

Instructions to candidates

1. Answer ALL the questions.
2. A special ANSWER BOOK is provided in which ALL questions are to be answered.
3. Show ALL workings in order for part-marks to be allocated.
4. Where applicable, round-off all calculations to the nearest rand. All other calculations to be rounded-off to two decimal place.
5. Read the instructions of each question carefully and follow them precisely.
6. Learners will forfeit marks for: • The use of non-standardised abbreviation • Overwriting of figures or words • Superfluous/Foreign entries
7. Non-programmable calculators may be used.
8. All answers must be written in blue ink.
9. A FORMULA SHEET for financial indicators is provided at the back of this question paper.
10. Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it. QUESTION TOPIC MARKS TIME 1 Reconciliations 40 30 minutes 2 Cost Accounting 40 30 minutes 3 Inventory and Vat calculations 30 25 minutes 4 Budgets

1. Q1 Cash Budget and Projected Income Statement(25 marks;23 minutes ) 25 marks
2. Q2 Cash BudgetYou are provided with an incomplete Cash Budget of Phakiso Traders for the period 62 marks
3. Q3 Inventory(13 marks; 12 minutes) 13 marks