Sharpkop

Accounting Paper 1, November 2024, question 2.1

Accounting P1 · Companies share capital and equity
InformationHideShow
The following information was taken from the records of Kopano Traders Ltd on 31 March 2025: Retained income on 1 April 2024: R412 500 Ordinary share dividends for the year (total): R540 000 Interim dividend paid during the year: R300 000 The final dividend was declared on 31 March 2025. Cost of shares bought back from shareholders during the year: R82 000 The total ordinary share dividends of R540 000 equal 30% of the net profit after tax.
2.18 marks
Draw up the note showing the movement in retained income of Kopano Traders Ltd for the year ended 31 March 2025. Show the details of the ordinary share dividends in your note.

NSCBased on Nov 2024 · Paper 1 · Q2.1

Not yet checked by a teacher. Spot a problem? Report it.

A correct answer earns full marks. If it’s wrong, your workings are marked.
Free. Your first 3 marks need no account.

What examiners found

Many candidates did not work out the net profit after tax from the dividend pay-out rate, which the retained income note needs.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q2.1.

Updated