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Grade 11 Accounting (ACC) March Test paper 1 and Memo - 2025 R50,00
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Grade 11 Accounting (ACC) March Test paper 1 and Memo - 2025
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Grade 11 Accounting (ACC) March Test paper 1 and memo - 2025. Topics covered in this paper: Question 1:  Reconciliation (55 marks) Question 2:  Current assets (25 marks) Question 3:  Partnerships (25 marks) This is a practice paper with memorandum meant to test the student's knowledge, ...

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  • March 13, 2025
  • 22
  • 2024/2025
  • Exam (elaborations)
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  • grade 11 accounting march paper and memo

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Date: MARCH 2025
Time: 1½ HOURS
Marks: 100
Grade: 11
Subject: ACCOUNTING
Paper: 1


Name and Surname:


General instructions for the writing of exams:

1. You are provided with a question paper and an answer sheet.
2. This question paper comprises TWO compulsory questions.
3. Show ALL workings to earn part marks.
4. A non-programmable calculator may be used.
5 All answers should be rounded off the nearest RAND.
6. A blue / black pen may be used.
7. Write neatly and legibly
8. Use the information in the table below as a guideline when answer questions. Try
not to deviate from it.


TIME
QUESTION TOPIC MARKS
ALLOCATED
1 Reconciliation 55

2 Current assets 25

3 Partnerships 25




Good luck with your exam!




Pg 1/6 www.summariessa.co.za Author: DAN SMI
Grade: 11 Subject: Accounting Date: MARCH
2025

, QUESTION 1: RECONCILIATION

1.1 Indicate whether the following statements are true or false. Only
write down TRUE or FALSE next to the question number (1.1.1 –
1.1.5) in the answer book.

1.1. A bank reconciliation aims to ensure that the bank (1)
1 statement balance and the company's cash book
balance are the same

1.1. Bank charges and interest income are adjusted in the (1)
2 cash book during the bank reconciliation process.

1.1. Deposits in transit are amounts that have been (1)
3 deposited into the bank but are yet to be recorded in
the company's cash book.

1.1. A bank reconciliation is only necessary if there are (1)
4 discrepancies between the bank statement and the
cash book.

1.1. Outstanding checks are checks that have been issued (1)
5 by the company but have not yet been presented to
the bank for payment.
(5)

1.2 State THREE advantages of using electronic funds transfers (EFTs).
(6)



1.3 BANK RECONCILIATION

The information below relates to Pablo Suppliers for August 2024.

REQUIRED:

1.3. Calculate the correct bank balance on 31 August 2024. (15
1 You may use the bank account to show your workings. )
Note: The information on the bank statement has not
yet been considered.

1.3. Compile the Bank Reconciliation Statement for 31 (10
2 August 2024. )

1.3. An investigation revealed that a deposit of R9 980 has
3 gone missing. This amount can not be traced and the
owner has decided to write this off.

 Give the GAAP principle applicable to this decision. (1)


Pg 2/6 www.summariessa.co.za Author: DAN SMI
Grade: 11 Subject: Accounting Date: MARCH
2025

,  Give TWO internal control measures that the (4)
business can use to prevent such a loss in the
future.




INFORMATION:

A Extract from the reconciliation statement on 31 July 2024.

Outstanding deposit: 9 July 2024 R8 800
22 July 2024 R6 900
Outstanding EFT: Nr 177 R1 450
Unfavourable balance according to the bank R7 659
account

NOTE:
 EFT 177 appears on the bank statement for August 2024.

 The outstanding deposit of R6 900 does not appear on the bank
statement. After a thorough investigation it was evident that this
money was stolen by the bookkeeper. The owner has decided to write
this off as this money cannot be found.

 The outstanding deposit of R8 800 appears on the August 2024 bank
statement.

B Preliminary totals for the cash journals on 31 August 2024.
 Cash Receipt Journal, R97 150
 Cash Payment Journal, R74 300

C The given information appears on the bank statement for August 2024
but does not appear in the cash journals of January 2024.

EXTRACT FROM THE BANK STATEMENT – HONEST AMOUN
BANK T
DETAILS
Direct deposit: H. Coetzee R7 500
EFT – payment to AfriSam R4 900
Direct deposit: C. Smit ?
Debit order: Kakamas Municipality R4 800
Debit order: Kakamas Waterworld R3 700
Service fees R890
Deposit R9 876
Interest on credit balance R45

Additional Information
 The EFT to AfriSam is for the payment of the account of R5 000
Pg 3/6 www.summariessa.co.za Author: DAN SMI
Grade: 11 Subject: Accounting Date: MARCH
2025

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