Date: NOVEMBER 2025
Time: 2 HOURS
Marks: 150 MARKS
Grade: 12
Subject: ACCOUNTING
Paper: 2
Name and Surname:
INSTRUCTIONS AND INFORMATION
1. Read the following instructions carefully and follow them precisely.
2. Answer ALL the questions.
3. A special ANSWER BOOK is provided, and you must answer ALL the questions.
4. A FORMULA SHEET for financial indicators is attached to this question paper.
You may use it if necessary.
5. Show ALL workings to earn part marks.
6. You may use a non-programmable calculator.
7. You may answer the questions using a dark pencil or black/blue ink.
8. Where applicable, show ALL calculations to ONE decimal point.
9. A breakdown of the questions is provided. You must attempt to comply with the
suggested time allocation for each question.
TIME
QUESTION TOPIC MARKS
ALLOCATED
1 VAT and reconciliation 35 25
2 Cost accounting (manufacturing) 50 40
3 Budgeting 40 35
4 Stock valuation 25 20
TOTAL 150 120 min
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, QUESTION 1: VAT AND RECONCILIATION
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, 1.1 CONCEPTS
Indicate whether the following statements are TRUE or FALSE.
Write only 'true' or 'false' next to the question numbers (1.1.1 to
1.1.4) in the ANSWER BOOK.
1.1. Input VAT is the tax a business pays on purchases and
1 expenses.
1.1. A debit balance on the Bank Statement usually indicates a
2 positive balance.
1.1. VAT returns must be submitted monthly by all registered
3 businesses.
1.1. The prudence concept requires businesses to record
4 anticipated revenue when it is earned, not before.
(4 x 1)(4)
1.2 VALUE-ADDED TAX (VAT)
The information relates to Greenridge Suppliers for the VAT period
ending 31 August 2024. The VAT rate of 15% applies to all goods
and services.
REQUIRED
Calculate the amount receivable from or payable to SARS for (11
VAT on 31 August 2024. Indicate whether the amount is )
receivable or payable.
INFORMATION:
A Amount owed to SARS on 1 August 2024, R18 520
.
B VAT transactions for August 2024:
.
EXCLUDING VAT INCLUDIN
DETAILS
VAT AMOUNT G VAT
Returns by debtors 2 100
Drawings by owner 4 320
Debtors' accounts
9 500 11 000
written off
Total purchases (cash
260 000
and credit)
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, Total sales 435 200
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
Time: 2 HOURS
Marks: 150 MARKS
Grade: 12
Subject: ACCOUNTING
Paper: 2
Name and Surname:
INSTRUCTIONS AND INFORMATION
1. Read the following instructions carefully and follow them precisely.
2. Answer ALL the questions.
3. A special ANSWER BOOK is provided, and you must answer ALL the questions.
4. A FORMULA SHEET for financial indicators is attached to this question paper.
You may use it if necessary.
5. Show ALL workings to earn part marks.
6. You may use a non-programmable calculator.
7. You may answer the questions using a dark pencil or black/blue ink.
8. Where applicable, show ALL calculations to ONE decimal point.
9. A breakdown of the questions is provided. You must attempt to comply with the
suggested time allocation for each question.
TIME
QUESTION TOPIC MARKS
ALLOCATED
1 VAT and reconciliation 35 25
2 Cost accounting (manufacturing) 50 40
3 Budgeting 40 35
4 Stock valuation 25 20
TOTAL 150 120 min
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, QUESTION 1: VAT AND RECONCILIATION
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, 1.1 CONCEPTS
Indicate whether the following statements are TRUE or FALSE.
Write only 'true' or 'false' next to the question numbers (1.1.1 to
1.1.4) in the ANSWER BOOK.
1.1. Input VAT is the tax a business pays on purchases and
1 expenses.
1.1. A debit balance on the Bank Statement usually indicates a
2 positive balance.
1.1. VAT returns must be submitted monthly by all registered
3 businesses.
1.1. The prudence concept requires businesses to record
4 anticipated revenue when it is earned, not before.
(4 x 1)(4)
1.2 VALUE-ADDED TAX (VAT)
The information relates to Greenridge Suppliers for the VAT period
ending 31 August 2024. The VAT rate of 15% applies to all goods
and services.
REQUIRED
Calculate the amount receivable from or payable to SARS for (11
VAT on 31 August 2024. Indicate whether the amount is )
receivable or payable.
INFORMATION:
A Amount owed to SARS on 1 August 2024, R18 520
.
B VAT transactions for August 2024:
.
EXCLUDING VAT INCLUDIN
DETAILS
VAT AMOUNT G VAT
Returns by debtors 2 100
Drawings by owner 4 320
Debtors' accounts
9 500 11 000
written off
Total purchases (cash
260 000
and credit)
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
, Total sales 435 200
Bl / Pg www.summariessa.co.za Opsteller / DAN SMI
Author:
Graad / 12 Vak / ACCOUNTING Datum / Date: NOV 2025
Grade: Subject:
