JOHANNESBURG SOUTH DISTRICT

12 SEPTEMBER 2024

ACCOUNTING
GRADE 11
CONTROL TEST 1
DURATION: 1.5 HOURS

MARKING GUIDELINE
MARKING PRINCIPLES

1. Penalties for foreign items are applied only if the candidate is not losing marks elsewhere in the
question for that item (no foreign item penalty for misplaced item). No double penalty applied.
2. Penalties for placement or poor presentation (e.g. details) are applied only if the candidate is earning
marks on the figures for that item.
3. Full marks for correct answer. If the answer is incorrect, mark the workings provided.
4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark for the working for that
figure (not the method mark for the answer).
5. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award
the mark. If no + or – sign or bracket is provided, assume that the figure is positive.
6. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers
from candidates.
7. This memorandum is not for public distribution, as certain items might imply incorrect treatment. The
adjustments made are due to nuances in certain questions
8. Where penalties are applied, the marks for that section of the question cannot be a final negative.
9. Where method marks are awarded for operation, the marker must inspect the reasonableness of the
answer before awarding the mark.
10. ‘Operation’ means ‘Check operation’. ‘One part correct’ means ‘Operation & one part correct’.
Note: Check operation means must be +, –, x or ÷ as per memo.
11. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect
at least in part. In such cases, do not award the method mark. Indicate by way of 
12. Be aware that some candidates provide valid alternatives beyond the memorandum.
13 Codes: f = foreign item; p = placement/presentation.

This memorandum consists of 7 pages.

1
 QUESTION: 1

1.1 TRUE/FALSE
1.1.1 False 
1.1.2 True 
1.1.3 False 
1.1.4 False 
1.1.5 True 
5

1.2 JOBE’S SWEETS

1.2.1 Calculate the purchases figure that will be closed off to the
Trading Account.

(- 14 850 two marks)

248 400 + 3 510 – 13 500 – 1 350 = 237 060 
one part correct.
5

1.2.2 Calculate the sales figure that will be closed off to the Trading
Account.

(-39 150 three marks)

378 000 – 27 000 – 12 150 = 338 850
one part correct.

1.2.3 Calculate the cost of sales.

See 1.2.1
81 000 + 237 060 + 18 900 – 97 200 = 239 760 
one part correct.

TOTAL
MARKS

20

2
QUESTION: 2
2.1 LEHURUTSHE MANUFACTURERS

2.1.1 Calculate the direct material cost

33 000 + 316 000 – 11 000 + 9 000 – 39 840 

= R307 160 
one part correct

Calculate the direct labour cost

Normal time
5 x 1 824 x 36 = R328 320 *

Overtime
500 x 54  = R27 000 *
TOTAL = R 355 320
Contributions
(355 320 x 10/100) = R35 532 
= R390 852 *
*one part correct

Calculate the factory overheads cost

Indirect material 25 000
Factory foreman 55 000
Depreciation for factory machinery 30 000
Insurance (18 100 x 45/20) or 40 725
(18 100 x 100/20 =90 500 one mark x 45/100 one mark )

Rent Expenses (6 000 +100= 6 100 x 480/40) or

(91 500 three marks x 480/600 one mark) 73 200

Water and electricity

(27 000 x 7/3 = 63 000 31 500
63 000 x2/4)

*one part correct; 13

255 425


3
 2.1.2. GENERAL LEDGER OF LEHURUTSHE MANUFACTURERS
DR WORK-IN-PROGRESS STOCK ACCOUNT CR
Mar 1 Balance b/d 28 133  Feb 29 Finished goods 948 670 

Feb 29 Direct material cost 307 160  Balance c/d 32 900 
See 2.1.1

Direct labour cost 390 852 

See 2.1.1

Factory overheads 255 425 

See 2.1.1

981 570 981 570

Mar 1 Balance b/d 32 900

2.2 SHIBAMBU MANUFACTURERS

2.2.1 Calculate the break-even point for the year

ending
29 February 2024.

610 900 = 11 312,9 /11 312,96 chairs one part correct

375-321
(R54 Two marks)

2.2.2 Should the business be satisfied with the

break-even point and number of units
produced and sold in 2024. Explain by quoting
relevant information with figures.
Comparing no of units produced VS BEPwith Figures
Loss
 No, number of chairs produced and sold is 5 000 which is below the
break-even point of 11 312,9/11 312,96 units.
 The business will make a loss on 6 312,9/6 312,92 units.

TOTAL
MARKS

40
QUESTION: 3

4
3.1 CONCEPTS
3.1.1 E 
3.1.2 F
3.1.3 A
3.1.4 C
3.1.5 D

3.2 NENO COMPUTERS LTD

3.2.1 CREDITORS' PAYMENT SCHEDULE

CREDIT
MONTH OCTOBER NOVEMBER
PURCHASES
August R60 000 6 000
September R67 500 10 125 R6 750 
October 75 000  53 438 R11 250 
15% of credit purchases

November R90 000 R64 125

69 563 R82 125*
*one part correct; ignore foreign entries
9

3.2.2. Cash Budget for October and November 2024:

5
RECEIPTS OCTOBER NOVEMBER

6
 Cash sales (150 000 x 40/100) 60 000  72 000
Collections from debtors 78 300 89 550
Rent income (7 500 x 1.08) 7 500 8 100 
Additional capital to be contributed
Commission income

PAYMENTS
Cash purchase of stock 30 000
Payments to creditors 69 563
Delivery expenses of goods to 9 000 10 800 *
customers
6% two marks
(9 000 / 150 000  x 180 000 )
Salaries and wages 36 000 * 38 700
(38 700  x 100 /107,5 )
Stationery
Telephone 1 000 1 000
Training of staff 2 500 2 500
Advertising 1 500 1 800
Repayment of loan 48 000 *
two marks one mark
168 000 – 120 000 OR
600  x 100/15  x 12 
OR
two marks one mark
7 200 x 100/15
Interest on expense 2 100 1 500
Sundry expenses 3 300 3 400
Drawings
Cash surplus or deficit for the month (24 350) (64 200) 
Cash at beginning of month 53 250

Cash at end of month 53 250  (10 950)

Show calculations to earn marks
*one part correct;

3.2.3 State ONE consequence that the business might face should they
not pay the amount due to creditors in September 2024.

7
 Any ONE possible response 

 Legal action can be taken by the creditors.

 Business will be charged interest for slow payment.
 The credit ratings of the business will decrease/ could be blacklisted.
 Credit to the business will be stopped by the creditors. 2

3.3 Thando is not concerned about the overspending in advertisement.

Explain why this is so. Quote figures. (refer to information G)
Learners must indicate the positive effect of advertising on sales 
Provide appropriate figures 

Expected response for 3 marks:

Advertising increased by R4 500 but Sales increased by R24 500.

OR

Advertising increased by 37,5% while Sales increased by 20% on bigger

base. 3

TOTAL
MARKS

40

TOTAL MARKS: 100