4.  Study Source H, do you TRUST this source? Give a reason for your answer. (3)  

  QUESTION 5:     A force F is given by F = (10i+j) N      5.1 Find the exact value of the magnitude of F.  (2) 5.2  Find, in degrees, the size of the angle between the direction of F and the direction of the vector (i+j). (4)   The resultant of the force F and the force (-15i+aj) N, where a is a constant, is parallel to, but in the opposite direction to, the vector (2i-3j)     5.3 Find the value of a. (5)

  Additional information and adjustments     1. Included in the amount for insurance is R250 for a vehicle owned by the owner’s son.     2. Interest on the mortgage is still outstanding for 6 months. The mortgage loan was secured from Grey Bank on 1 March 2020. The terms of the loan stipulates that it is to be repaid over 10 year in 10 equal instalments on 28 February each year. A cheque for the payment of the loan was issued on 28 February 2021 but it has not been recorded.     3. A debtor returned an item of clothing purchased for R800, cost price R600; the transaction has not been recorded in the books.     4. A credit customer paid R108 in settlement of his account after deducting 10% discount; no entry has been made.     5. A debtor who owed R500 was only able to pay 70c in the rand; the balance must be written off as irrecoverable.     6. 50% of the fixed deposit will mature on 1 July 2021.     7. Depreciation is to be calculated as follows: ·     20% pa on cost price of vehicles ·     10% pa on carrying value of equipment     8. A storeroom was rented out since 1 January 2021; the rent for February 2021 is still due.     9. The telephone account for March 2021 has been paid, R540.     10. A physical stock count on 28 February 2021 showed the following was on hand: ·     Trading stock R58 900 ·     Stationery R126         [99]

  QUESTION 3 Accounting Equation (44 marks, 26 minutes     Analyse the transactions below under the headings given on your answer sheet.     Note the following: ·      The year end is 31 December 2020. ·      The bank balance is favourable. ·      The business uses a mark-up of 50%.     EG  The owner deposited R100 000 into the business’s bank account on the 1st of December 2020.     1. Depreciation on the Vehicles still needs to be calculated. The total cost price of the vehicles amounts to R200 000, and the depreciation is calculated at 20% on cost.     2. G. McGrath, the owner, took out merchandise with the selling price of R900 to donate to her daughter’s school’s spring fair on behalf of the business.     3. Commission income of R3000 earned in December 2020 will only be received in January 2021.     4. The telephone account for December 2020 amounted to R250.  This account was only paid in January 2021.     5. AB de Villiers was late with paying off his December instalment on his account of R700.  Charge his account with 10% interest.      6. Included in the insurance account is an annual premium of R480 that was paid on the 1st of September 2020.     7. Your tenant, A. Markram, will be away from December to February.  She sent a cheque to you during December for R6000 covering December, January and February’s rent.     8. An inexperienced bookkeeper posted R450 stationery purchased during the month of December to the consumable stores account.      9. After the stock take, it was discovered that there was a Trading Stock Deficit of R600.     10. During the stock take it was discovered that there was R500 unused packing material left over for the year.     11. Make provision for the outstanding interest on the loan.  The loan from Africon Bank, obtained on 1 April 2020 at 12% p.a. amounts to R45 000.  The interest must be capitalised.           [44]

  QUESTION 1 VAT (14 marks, 8 minutes)   1.1 Refer to the answer sheet and follow the requirements. (6)     Information       1.1.1 Tax avoidance A Zero-Rated VAT 1.1.2 VAT on educational services. B Save in a tax-free investment 1.1.3 Income tax C Purchase of Trading Stock 1.1.4 VAT charged on maize meal D VAT exempt 1.1.5 Tax evasion E All employers are required to deduct this tax from their employees on a monthly basis and pay it over to SARS 1.1.6 A packet of Lays chips F Submission of incorrect tax returns     G 15% VAT     H Income Tax             1.2 Refer to the answer sheet and complete the calculations. (8)     Transaction Price excluding VAT VAT Price including VAT Goods purchased for resale purposes * * R138 Sale of goods * R126 * Equipment purchased R8 500 * *         [14]

  VRAAG 5 Kredietbestuur (20 punte, 12 minute)     Die volgende inligting het betrekking op Zimba Café. Die eienaar, James Zimba, het nie ‘n wyse besluit geneem om rekeningkunde op skool te neem nie en het jou genader om hulp oor ‘n moeilike skuldenaar, K. Mufala.     Hy het die volgende onvolledige verslag opgestel en aan jou voorgehou:       Debiteuregrootboek van Zimba Café       Naam: K. Mufala Kode: DL43 Adres Smith Straat 74 Kredietlimiet: R6 000   Waterkloof Afslag: ?%   Pretoria Kredietterme: 60 dae Datum Besonderhede Fol. Debiet Krediet Balans 2019 Feb 1 Saldo a/b     2 500 15 ? DJ 4 000   6 000 17 K/N 743 (Afslag) ? 960   6 960 18 Kwitansie (Tjek 543) KOJ   2 000 ? 11 Kwitansie (Tjek 522) KOJ 2 250   ? 16 ? KKJ 120   ? 28 V/T tjek (Tjek. 543) KBJ ? ? ? 11 Afslag ? 250 ? ?                                     [20]

  Vrae Onderwerp Totale punte Geallokeerde tyd 1 BTW 14 punte 8 minute 2 Finansiele state 99 punte 60 minute 3 Rekeningkundige vergelyking 44 punte 26 minute 4 Vervaardiging 23 punte 14 minute 5 Kredietbestuur 20 punte 12 minute         Totaal   200 punte 120 minute  

  VRAAG 2     Finansiële state     (99 punte, 60 minute)   2.1 Inligting Die volgende inligting is op 28 Februarie 2021, aan die einde van die finansiële jaar, uit die boeke van Sheldon’s Boutique gehaal.       Vooraansuiwerings proefbalans van Sheldon`s Boutique op 28 Februarie 2021.       Balansstaat rekeninge afdeling Debiet Krediet Kapitaal   382 492 Ontrekkings 24 600   Verbandlening:  Grey Bank (14% Pj)   135 600 Geboue 385 000   Voertuie teen kosprys 115 000   Toerusting teen kosprys 18 400   Opgelope waardevermindering op voertuie   28 400 Opgelope waardevermindering op toerusting   1 560 Vaste deposito:  BB Bank (11% Pj) 60 000   Handelsvoorraad 58 414   Debiteurekontrole 15 400   Bank   3 480 Wisselgeld 250   Kleinkas 60   Krediteurekontrole   9 849 Nominale rekeninge afdeling     Verkope   227 400 Koste van verkope 92 370   Debiteure afslag 5 500   Rente op vaste deposito   6 600 Huurinkomste   10 615 Telefoon 2000   Water en elektrisiteit 4 058   Rente op oortrokke bank 70   Salarisse en lone 9 995   Korting toegestaan 58   Skryfbehoeftes 726   Versekering 1 673   Oninbare skuld 930   Rente op verbandlening 9 492   Diverse uitgawes 2 000     805 996 805 996  

  VRAAG 4 Vervaardiging (23 punte, 14 minute)     Inligting     Die volgende is die kostes wat Nyke Vervaardigers by die fabriek in China aangegaan het. Die onderneming vervaardig sportskoene.     Rubber op die sole van die skoene, R6 per skoen Huur vir die fabriek, R188 000 per jaar Salaris van verkoopsbestuurder, R127 000 p.j. Werknemer wat die masjien gebruik wat die skoen aanmekaar sit, R2 per skoen Skoenveters, R1,80 per skoen Werknemer wat die skoene in die skoenboks sit, R0,20 per skoen Versekering op die fabriek, R23 000 p.j Water en elektrisiteit, deurgaans R22 000 per maand Waardevermindering op fabriekstoerusting, R18 000 per maand Advertensie op televisie, R1 800 000 p.j. Verkoopskommissie aan verkopers betaal: R2,50 per skoen. Kantoorskryfbehoeftes, ongeveer R4 200 per maand Gom wat in ‘n skoen gebruik word, R0,18 per skoen Huur van die motor, R14 000 per maand         [23]

1.4 Some companies use identification technology to allow their employees to access the office building. What is this known as?  (1)