2021 Grade 12 Accounting Term 3 Case Study: Budgeting
Province of the EASTERN CAPE DEPARTMENT OF EDUCATION CURRICULUM SUPPORT AND MANAGEMENT
Note to Learners:
- The case study comprises TWO separate Questions.
- Answer both Questions in the special Answer Book provided.
- Show all workings to earn part marks.
Question 1: (28 marks)
The information relates to Tokyo Traders, for the two months August and September 2021.
1.1 Complete the Debtors Collection Schedule for September 2021 and the extract of the Cash Budget. Note that some amounts are provided in the Answer Book.
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1.2 Calculate the missing amounts on the Cash Budget denoted by (i) to (v)
INFORMATION
A. Sales and Purchases
- Credit sales comprises 60% of total sales
- 40% pay in the month of sales and receive 5% discount.
- 35% pay in the month following the month of sales
- 23% pay in two months after the month of sales
- The balance accounts for bad debts
- A profit mark-up of 25% is applied on all sales.
- A base stock is maintained. Stock sold is replaced in the month of sales.
- 80% of stock is purchased on credit. Creditors are paid in the second month following the month of purchases. (60 days)
B. Information extracted from the Cash Budget:
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Grade 12 Accounting Project Tasks Case Study for Term 1, 2, 3 and 4 SBA: Memorandum
Grade 12 Accounting Project Tasks and Case Studies for Term 1, 2, and 3 (Task A, B, C and D) SBA: Memorandum: The final Grade 12 mark is calculated from the National Senior Certificate (NSC) examination that learners will write (out of 300 marks) plus school-based assessment (out of 100 marks). The curriculum stipulates the following seven formal tasks that comprise school–based assessment in Accounting:
Accounting Grade 12 Task 1 SBA Written Report 2024 Guide
This is for Accounting Grade 12 subject. The Grade 12 Accounting Project Tasks for Term 1, 2, 3 and 4 SBA: Memorandum study content will help you with your Accounting Subject Revisions, Tests, Exams, and Assignments.
Accounting Grade 12 focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. As a Grade 12 Accounting student, you will be dealing with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties. My Courses
Purposes of Accounting Grade 12 Project Tasks
- The school-based assessment provides a more balanced and trustworthy assessment system, increasing the range and diversity of assessment tasks.
- The exemplar tasks are aimed at reflecting the depth of the curriculum content appropriate for Grade 12.
- They reflect the desired cognitive demands as per Bloom’s revised taxonomy: remembering, understanding, applying, analysing, evaluating, and creating.
- School-based assessment improves the validity of assessment by including aspects that cannot be assessed in formal examination settings.
- It improves the reliability of assessment because judgments will be based on many observations of the learner over an extended period of time.
- There is a beneficial effect on teaching and learning, not only in relation to the critical analysis and evaluation of Accounting information and creative problem-solving but also on teaching and assessment practices.
Accounting Grade 12 School-based Assessments
Accounting Grade 12 Tasks for Term 1
Task a: students are required to report on companies for 20 marks.
- Part A: Report on a public company listed on the JSE .
- Part B: Internal auditor’s report on procedures and internal controls in a public company
Task B: First Term Test: Financial statements of a company
This task includes shares of no par value and repurchase of shares. This task is suitable for Grade 12 learners from 2014 (CAPS).
Task C: Second Term Project:
Published financial statements of Famous Brands Ltd This task is suitable for Grade 12 learners from 2014 (CAPS).
Task D Third Term Case Study: Cash budget and debtors
This task is suitable for Grade 12 learners from 2014 (CAPS)
Best Accounting Courses to study after Matric
Hello learners, do you know that there are plenty of accounting Courses that you can study after matric in South Africa? We have compiled a list of the best accounting courses for you to explore and apply.
Useful Accounting Resources
Accounting Grade 12 Notes
Generally Accepted Accounting Principles: GAAP Grade 12 Grade 12 Accounting Company Ledger accounts Revision Notes Analysis and interpretation of financial statements Grade 12 Accounting Grade 12 Inventory Valuation And Internal Control Questions and Answers Grade 12 Accounting Inventory Systems Notes pdf Grade 12 Accounting: Inventory Valuation and Internal Control Questions and Answers Accounting grade 12 manufacturing Resivion Test with memorandum
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Grade 12 Accounting Term 3 Case Study 2023
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Gr 12 Accounting 2022 Study Pack Activities
The activities in this resource contains core notes and past national examination questions for every Recovery ATP (2021) topic from 2019 to 2021. It should be used with the workbook and memos (links and QR codes) included in this document).
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1.1 Complete the Debtors Collection Schedule for September 2021 and the extract of the Cash Budget. Note that some amounts are provided in the Answer Book. 1.2 Calculate the missing amounts on the Cash Budget denoted by (i) to (v) INFORMATION. A. Sales and Purchases. 40% pay in the month of sales and receive 5% discount.
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Use, by you or one client, in a single end product which end users are not charged for. The total price includes the item price and a buyer fee. Grade 12 Accounting. Term 3 Case Study. 2023. 50 marks. Grade 12 Accounting Term 3 Case Study 2023 50 marks.
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DBE Selfstudy Guides: Gr 12 Accounting (Budgeting) These booklets are developed as part of a series of booklets, with each booklet focussing only on one specific challenging topic. The selected content is explained in detail and includes relevant concepts form r 0-12 to ensure conceptual understanding.
Gr 12 Accounting 2022 Study Pack Activities. The activities in this resource contains core notes and past national examination questions for every Recovery ATP (2021) topic from 2019 to 2021. It should be used with the workbook and memos (links and QR codes) included in this document). It facilitates revision and consolidation per topic.