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PROVINCIAL EXAMINATION
JUNE 2022
GRADE 11
MARKING GUIDELINES
ACCOUNTING (PAPER 2)
9 pages
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 penalty for misplaced items). No double penalty is 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. Where penalties are applied, the marks for that section of the question cannot be a final
negative.
8. Where method marks are awarded for operation, the marker must inspect the reasonableness
of the answer and at least one part must be correct before awarding the mark.
9. Operation means check operation. One part correct means operation and one part correct.
Note: Check operation must be +, -, x, ÷ or per memo.
10. In calculations, do not award marks for working if numerator and denominator are swapped –
this also applies to ratios.
11. In awarding method marks, ensure that candidates do not get full marks for any item that is
incorrect at least in part. Indicate with a .
12. Be aware of candidates who provide valid alternatives beyond the marking guidelines.
13. Codes: f=foreign item; p=placement/presentation.
, Downloaded from testpapers.co.za
ACCOUNTING
MARKING GUIDELINES
(PAPER 2) GRADE 11
QUESTION 1.1: CONCEPTS AND BANK RECONCILIATION
1.1 1.1.1.1 False √√
1.1.1.2 True √√
6
1.1.1.3 False √√
1.1.2.1 Explain to Mabuto, the owner of Butros Traders, why it is important that
he prepares the Bank Reconciliation Statement at the end of each
month. Provide THREE reasons.
Good explanation = √√ Partial explanation = √
Expected responses for 2 marks:
• Improves internal control by minimising fraud or error because records
are checked against an external source.
• Improves internal controls by identifying outstanding EFTs and
outstanding deposits.
• To compare the books of the business with that of the bank in order to
detect errors and dishonesty at an early stage.
Expected responses for 1 mark:
• Internal control purposes
• To reconcile the Bank Account
(Any other valid points.) (6)
1.1.2.2 What does the abbreviation EFT stand for?
Electronic Funds Transfer √√
(2)
1.1.2.3 List FOUR advantages of internet banking.
• Do not have to stand in queues to pay accounts/not restricted to business
hours/time-saving. √√
• Do not have to walk around with cash hence less fraud/theft. √√
• Maintain your own internet banking limits. √√
• Payments/receipts can be made immediately/account is updated
immediately. √√
• Send proof of payment to a beneficiary immediately.
• Convenient or easy to use.
• Cheaper bank charges.
(Any other valid points.) (8)
2
PROVINCIAL EXAMINATION
JUNE 2022
GRADE 11
MARKING GUIDELINES
ACCOUNTING (PAPER 2)
9 pages
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 penalty for misplaced items). No double penalty is 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. Where penalties are applied, the marks for that section of the question cannot be a final
negative.
8. Where method marks are awarded for operation, the marker must inspect the reasonableness
of the answer and at least one part must be correct before awarding the mark.
9. Operation means check operation. One part correct means operation and one part correct.
Note: Check operation must be +, -, x, ÷ or per memo.
10. In calculations, do not award marks for working if numerator and denominator are swapped –
this also applies to ratios.
11. In awarding method marks, ensure that candidates do not get full marks for any item that is
incorrect at least in part. Indicate with a .
12. Be aware of candidates who provide valid alternatives beyond the marking guidelines.
13. Codes: f=foreign item; p=placement/presentation.
, Downloaded from testpapers.co.za
ACCOUNTING
MARKING GUIDELINES
(PAPER 2) GRADE 11
QUESTION 1.1: CONCEPTS AND BANK RECONCILIATION
1.1 1.1.1.1 False √√
1.1.1.2 True √√
6
1.1.1.3 False √√
1.1.2.1 Explain to Mabuto, the owner of Butros Traders, why it is important that
he prepares the Bank Reconciliation Statement at the end of each
month. Provide THREE reasons.
Good explanation = √√ Partial explanation = √
Expected responses for 2 marks:
• Improves internal control by minimising fraud or error because records
are checked against an external source.
• Improves internal controls by identifying outstanding EFTs and
outstanding deposits.
• To compare the books of the business with that of the bank in order to
detect errors and dishonesty at an early stage.
Expected responses for 1 mark:
• Internal control purposes
• To reconcile the Bank Account
(Any other valid points.) (6)
1.1.2.2 What does the abbreviation EFT stand for?
Electronic Funds Transfer √√
(2)
1.1.2.3 List FOUR advantages of internet banking.
• Do not have to stand in queues to pay accounts/not restricted to business
hours/time-saving. √√
• Do not have to walk around with cash hence less fraud/theft. √√
• Maintain your own internet banking limits. √√
• Payments/receipts can be made immediately/account is updated
immediately. √√
• Send proof of payment to a beneficiary immediately.
• Convenient or easy to use.
• Cheaper bank charges.
(Any other valid points.) (8)
2
