# Basic concepts > This section is the language of Accounting. Grade 12 papers still use Grade 10–11 mechanics: the accounting equation, double entry, and the elements of financial statements. Use the paper’s figures… - Page: https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts/basic-concepts Breadcrumbs: [Home](https://www.hlayiso.com/) › [Grade 12](https://www.hlayiso.com/grade-12) › [Accounting](https://www.hlayiso.com/grade-12/accounting) › [Notes](https://www.hlayiso.com/grade-12/accounting/notes) › [Basic Accounting Concepts](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts) › [Basic concepts](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts/basic-concepts) ## Full notes This is a preview of the Basic concepts notes for Grade 12 Accounting. Create a free Hlayiso account to read the full notes, practise every question and track your progress. ## More in Basic Accounting Concepts - [Rules of accounting](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts/rules-of-accounting) — Next section - [All Basic Accounting Concepts sections](https://www.hlayiso.com/grade-12/accounting/notes/basic-accounting-concepts) ## Frequently asked questions ### What will I learn in "Basic concepts"? This section covers Basic concepts as part of Basic Accounting Concepts in Grade 12 Accounting. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum. ### Is this section aligned with the CAPS curriculum? Yes. All notes on Hlayiso, including "Basic concepts", are written against the official CAPS curriculum and ATP for Grade 12 Accounting. ### What should I study after "Basic concepts"? Continue with the next section in Basic Accounting Concepts, or test your understanding with the interactive quiz linked to this section. --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.