Accounting Memo 2 (English)

May-June 2025 — Grade 12 / Matric — Accounting

Memo 2025 Grade 12 English Accounting Hub →

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🎯 150 marks 📄 12 pages 📝 32 items found 📚 7 topics

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Q1— Section header —

1.1VAT

1.1.1

1.1Karen wants to deregister her business as a VAT vendor as she is unable to meet VAT deadlines for submissions. What advice would you give to Karen? State ONE point. Any ONE valid point

1.2.1CREDITORS LEDGER ACCOUNT OF EPSON TRADERS STATEMENT OF ACCOUNT FROM CANON SUPPLIERS BALANCES (i\ + 400 (ii\

Q2— Section header —

2.1.1ndirect

2.1.2ixed

2.1.3dministration

2.2

2.2.1Calculate the irect aterial ost for the year ended 28 February 2025. WORKINGS ANSWER two marks [1 000

2.2.2Calculate the orrect actory verhead ost for the year ended February Incorrect total Telephone

2.2.3Calculate the ross profit earned for the year ended 28 February 2025. WORKINGS ANSWER see 2.2.1 see 2.2.2 4 600 000

2.2.4Jerry was satisfied with the performance during the current year and plans to increase production by 30% in the next financial year. He is confident that the demand will increase due to changing weather patterns.

2.2.5Give TWO possible reasons for the proposed increase in direct labour cost in the next financial year. Quote figures. Any TWO valid points figures and trend DLC will i ncrease (from R876 000\ to R1 300

2.2.6Jerry has projected an increase of R304 000 for the total fixed costs Provide TWO possible expense items he may have considered when making his projections. Provide a different reason for each item identified.

Q3— Section header —

3.2Helen decided to change suppliers in September 2024 after receiving advice from her sister, the store manager. Provide TWO points that show h customers are unhappy with the quality of the headphones purchased

3.3Calculate the value of closing stock of the tele vision sets on February TV MODEL WORKINGS ANSWER

3.4Calculate the ost of sales of the Limpid TVs WORKINGS ANSWER see 3.3 828 000

3.5Explain how this will have a positive effect on her business. Provide ONE point. Any ONE relevant point Corporate social responsibility increased support from the community increase customer loyalty / increase

3.6VACUUM CLEANERS Identify ONE problem with vacuum cleaners. Quote figures. What advice would you give? State ONE point. PROBLEM (with figures\ ADVICE Decrease of 80 units (22,2%\ in cash sales

3.7PRESSURE CLEANERS Explain TWO good decisions that Helen has taken in respect of pressure cleaners. Quote figures. Explain how each decision improved the results on 28 February 2025 Provide ONE different point for

Q4— Section header —

4.1plain how the preparation of the Cash B udget serves as a management tool in assisting the business to manage its cash resources. State ONE point. Any ONE valid point

4.2Identify TWO items the payment sec tion of this Cash B udget, which will not appear in the Projected Statement of Comprehensive Income. Any TWO items Loan repayment Deposit for vehicle

4.3CREDITORS' PAYMENT SCHEDULE MONTH CREDIT PURCHASES JUNE JULY APRIL 96 000

4.4CALCULATE: WORKINGS ANSWER (i\ Cash sales for July R270 000 x 40% 000 x 60/80 270 000

4.5Calculate the reduction in the floor space (in m \ being rented during July WORKINGS ANSWER 59 940

4.6Refer to Information H

4.6.1Explain the effect of the new competitor on any TWO items in the budgeted and actual information for April 2025. Quote figures. TWO valid points figures

4.6.2Identify TWO changes Daisy implemented in May in response to the new competitor. Quote figures. TWO valid changes figures and trend Advertising increase

Topics Identified

VATDepreciationInventoriesManufacturingBudgetingDebtors ControlCreditors Control

Mark Allocation

Total150 marks

Paper information

SubjectAccounting

Year2025

SessionMay-June

TypeMemo

PaperPaper 2

LanguageEnglish

Pages12

Downloads4

Examination context

Decade2020s

Years ago1y

Season—

Start day—

Exam period—

Days since exam—

About Accounting examination preparation

Grade 12 Accounting tests bookkeeping, financial statements, and interpretation of corporate data. Paper 1 covers VAT and manufacturing accounts, while Paper 2 tests partnerships and corporations.

Every available Grade 12 Accounting past paper and memorandum is collected in the Accounting hub at accounting.freemode.co.za — browse all years, sessions and languages in one place.

How to use this resource for revision

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For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

accurate accounting calculations

interpreting financial information

applying accounting principles

presenting structured answers

checking numerical accuracy

A practical revision approach

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Corresponding examination paper

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Accounting Paper 2 (English) →

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File size326.3 KB

Pages12

Archived on7 September 2026

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