# Accounting Grade 12 KZN April 2021 Memo > Grade 12 Accounting memorandum from the KZN April 2021, 23 pages. Read online or get the free PDF download, question paper linked when available. - Page: https://www.hlayiso.com/library/acc-april-qp-memo-2021/98867a21-47ea-450a-b2a6-986767a6bbaf - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Memorandum - Year: 2021 - Exam period: KZN April - Curriculum: CAPS - Pages: 23 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 KZN April 2021 Memo](https://www.hlayiso.com/library/acc-april-qp-memo-2021/98867a21-47ea-450a-b2a6-986767a6bbaf) ## About this document Accounting · Grade 12 · KZN April · 2021. Memorandum, 23 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded fro m hlayiso.com KwaZulu-Natal Department of Education REPUBLIC OF SOUTH AFRICA ACCOUNTING APRIL 2021 COMMON TEST NATIONAL SENIOR CERTIFICATE GRADE 12 GRADE 10 MARKS: 100 TIME : 1½ hour This question paper consist of 10 pages. Copyright Reserved Please Turn Over ### Page 2 Downloaded fro m hlayiso.com Accounting (Grade 12) 2 April 2021 Common Test NSC INSTRUCTIONS AND INFORMATION Read the following instructions and be sure to follow them carefully: 1. This question paper consists of 10 pages including formula sheet. 2. A special ANSWER BOOK consisting of 6 pages is provided in which to answer all the questions. 3. Answer ALL the questions. 4. Workings must be shown in brackets in order to earn part marks. 5. Non-programmable calculators may be used. 6. You may use dark pencil or black / blue pen to answer the questions. 7. Marks will be deducted for missing details and foreign entries. 8. Use the information in the table below as a guide when answering the question paper. Try NOT to deviate from it. Question 1: 50 Marks, 45 Minutes The topic of this question is: Content: • Income Statement Financial Statement, Notes and Audit Report • Retained Income Note • Audit Report Question 2: 20 Marks, 18 Minutes The topic of this question is: Content: • Calculation of amounts for Cash Flow Cash Flow Statement Statement Question 3 : 30 Marks, 27 Minutes • Return on shareholders’ equity Ratio’s and analysis and interpretation • Net assets value per share • Interpretation Copyright Reserved Please Turn Over ### Page 3 Downloaded fro m hlayiso.com Accounting (Grade 12) 3 April 2021 Common Test NSC QUESTION 1 FINANCIAL STATEMENT AND AUDIT REPORT (50 Marks; 45 Minutes) The information below relates to Mooi river LTD. The financial year ended on 28 February 2021. MOOI RIVER LIMITED REQUIRED: 1.1 Complete the Statement of Comprehensive Income (Income Statement) for (37) the year ended 28 February 2021. 1.2 Prepare the Retained income note for the financial year ended (10) 28 February 2021. 1.3 Audit Report: 1.3.1 To whom is the Audit Report addressed? (1) 1.3.2 Other than the shareholders list TWO other parties that will be (2) interested in the audit report of the company. Briefly explain why each would be interested. Copyright Reserved Please Turn Over ### Page 4 Downloaded fro m hlayiso.com Accounting (Grade 12) 4 April 2021 Common Test NSC INFORMATION: EXTRACT FROM THE PRE-ADJUSTMENT TRIAL BALANCE ON 28 February 2021 Balance Sheet Accounts Section Debit Credit Ordinary share capital 2 496 000 Retained income (1 February 2021) 1 480 000 Loan: Triumph Bank 1 470 000 Land and buildings R3 000 000 Vehicles at cost R800 000 Equipment at cost R200 000 Accumulated depreciation on vehicles 680 000 Accumulated depreciation on equipment 37 000 Fixed deposit: Wayde Bank 1 186 000 Creditors control 97 500 Debtors control 186 000 Trading stock 1 050 300 Bank 42 550 SARS (Income tax) 500 000 Provision for bad debts 3 240 Consumables on hand (Packing material – 1 March 2019) 820 Nominal Accounts Section Sales 8 800 000 Cost of sales ? Debtors allowance 19 200 Directors fees 550 000 Audit fees 188 410 Salaries and wages 681 600 Rent income 70 500 Interest on fixed deposit 80 000 Interest on loan ? Advertising 60 000 Insurance 14 700 Bad debts 6 730 Packing material 15 000 Sundry expenses ? Ordinary share dividends ? ADJUSTMENTS AND ADDITIONAL INFORMATION: A. The business prices its goods at a mark-up of 60% on cost. Trade discounts of R360 000 was allowed on invoices to certain customers. B. A credit note for R49 600 issued to a debtor, dated 25 February 2021, was recorded as an invoice. C. A debtor, Z Hilton, with an outstanding balance of R42 000, has left the country. His account must be written off. D. The provision for bad debts must be adjusted to 5% of the outstanding debtors. Copyright Reserved Please Turn Over ### Page 5 Downloaded fro m hlayiso.com Accounting (Grade 12) 5 April 2021 Common Test NSC E. The physical stocktaking on 28 February 2020 reflected the following stock on hand: • Trading stock R 1 002 000 • Packing material R 6 020 F. One employee received a double salary by mistake from Salary Journal for February 2021. This must be reversed. The employee made a direct deposit to the business account as a refund on 28 February 2021. His normal salary details are as follows: Deductions Employers contribution Net salary PAYE Pension Pension R3 000 R2 000 R4000 R15 000 Employer’s contributions are part of salaries and wages account. G. Advertising of R40 000 consists of a month to month contract with local radio station. Advertising was paid for 13 months. From 1 November 2020, the contract rate was decreased by 10%. H. Make provision for depreciation as follows: • On vehicles at 15% p.a. on cost price. • On equipment at 10% p.a. on diminishing balance Note: A new computer was purchased on credit on 1 June 2020 for R60 000. This has already been recorded. I. Share capital • Authorised share capital consists of 1 000 000 ordinary shares. • 600 000 shares were issued on 1 March 2020. • 200 000 new ordinary shares were issued on 1 September 2020. • 100 000 ordinary shares were repurchased on 1 February 2021 at R1,40 above the average issue price R4,52.( The transaction was properly recorded). J. Dividends • Interim dividends of 30 cents per share was paid on 30 August 2020 • Final dividends of 40 cents per share was declared on 28 February 2021. Shares bought back on 1 February 2021 also qualify for the final dividends. K. Operating profit is 15% on turnover L. Income tax for the financial year was calculated as R360 000. This is 30% of the net profit before tax. 50 Copyright Reserved Please Turn Over ### Page 6 Downloaded fro m hlayiso.com Accounting (Grade 12) 6 April 2021 Common Test NSC QUESTION 2: CASH FLOW STATEMENT (20 marks; 18 minutes) 2.1 CONCEPTS: MATCHING Choose a description from Column B that matches the concept in Column A. Write only the letter (A – F) next to the numbers (4.1.1 – 4.1.5) in the ANSWER BOOK. (4) COLUMN A COLUMN B This is an annual document which 2.1.1 Income Statement A explains the performance of the company and the major decisions that were taken. This reflects the funds which have come into a company (or have been utilised by 2.1.2 Balance Sheet B it) through its operating, investing or financing activities. This reflects the profit or loss earned as a 2.1.3 Directors’ Report C result of the operations of the company for a year. This is an opinion issued on whether or not Independent Auditors’ 2.1.4 D the financial statements can be relied Report upon. This reflects the assets, liabilities and net E worth (equity) of the company. 2.2 DURBAN LTD The information relates to the financial year ended 28 February 2021. REQUIRED: 2.2.1 Calculate the following amounts as it would appear in the Cash Flow Statement: • Income tax paid (4) • Dividends paid (4) • Fixed assets purchased (5) 2.2.3 Calculate the net change in cash and cash equivalents. (3) Copyright Reserved Please Turn Over ### Page 7 Downloaded fro m hlayiso.com Accounting (Grade 12) 7 April 2021 Common Test NSC INFORMATION: A. Extract from the Balance Sheet and notes on 28 February : 2021 2020 Fixed assets (carrying value) R1 437 200 R1 120 400 Current assets Inventories 123 800 163 300 Trade and other receivables: 168 300 149 100 Trade debtors 155 600 134 700 SARS: Income tax 12 700 0 Expenses prepaid 0 14 400 Cash and cash equivalent 76 750 15 500 Current liabilities Trade creditors 122 900 162 600 SARS: Income tax 0 27 200 Shareholders for dividends 142 400 111 000 Income received in advance 11 100 0 Bank overdraft 0 124 300 B. Additional Information: (i) Net profit before income tax, R988 700; Net profit after income tax, R692 100. (ii) Old equipment was sold at carrying value of R283 500. Some equipment were purchased during the financial year to upgrade the facilities. (iii) Depreciation for the year, R221 400. (iv) Total dividends (paid and recommended) as per the Retained Income note, R317 400. 20 Copyright Reserved Please Turn Over ### Page 8 Downloaded fro m hlayiso.com Accounting (Grade 12) 8 April 2021 Common Test NSC QUESTION 3 (30 Marks; 27 Minutes) 3.1 Choose an accounting concept from Column B that best matches the analysis questions in Column A. Write only the letter (A – D) next to the number (3.1.1 – 3.1.3) in the ANSWER BOOK. (3) COLUMN A COLUMN B 3.1.1 To what extent does the business rely on A. Liquidity borrowed funds? 3.1.2 Can the business pay off all its debts? B. Solvency 3.1.3 Is the business able to pay its short-term C. Profitability debts in the next financial year? D. Risk and gearing 3.2 PALM LTD: ANALYSIS AND INTERPRETATION The information relates to the financial year ended 28 February 2018. REQUIRED: 3.2.1 Calculate the following financial indicators on 28 February 2018: • Net asset value per share (3) • Return on shareholders’ equity (5) 3.2.2 Quote TWO financial indicators (with figures and trends) that indicate an improvement in the liquidity position of the business. (4) 3.2.3 The company repaid a large portion of the loan. Explain why this was a good decision. Quote TWO financial indicators (with figures). (6) 3.2.4 Comment on the dividend pay-out policy over the past two years. Provide a possible reason for the policy adopted. Quote figures. (5) 3.2.5 Explain whether the price paid for the share buy-back was fair. Quote TWO financial indicators (with figures) in your explanation. (4) INFORMATION: A. Extract from the Income Statement on 28 February: 2021 2020 R R Interest on loan 77 400 211 700 Net profit before tax 859 000 620 000 Net profit after tax 545 600 494 000 B. Extract from the Balance Sheet on 28 February: 2021 2020 R R Shareholders’ Equity 4 488 000 3 724 000 Ordinary share capital 4 291 500 3 648 000 Retained income 196 500 76 000 Loan: Royal Bank 692 000 1 920 000 Copyright Reserved Please Turn Over ### Page 9 Downloaded fro m hlayiso.com Accounting (Grade 12) 9 April 2021 Common Test NSC C. Share Capital: • On 1 March 2020, the company had 760 000 shares in issue. • On 1 June 2020, 30 000 shares were repurchased at R5, 10 per share. • On 31 October 2020, a further 150 000 shares were issued. D. Financial indicators on 28 February: 2021 2020 Current ratio 1,9 : 1 1,4 : 1 Acid test ratio 0,7 : 1 0,8 : 1 Average debtors collection period 30 days 57 days Average creditors payment period 25 days 63 days Debt/equity ratio 0,2 : 1 0,5 : 1 Earnings per share 62 cents 65 cents Dividends per share 31 cents 52 cents Return on shareholders’ equity ? 13,7% Return on capital employed 20,8% 22,3% Net asset value ? 490 cents Interest rate 11% 10% Market price on JSE 515 cents 485 cents 30 TOTAL MARKS: 100 Copyright Reserved Please Turn Over ### Page 10 Downloaded fro m hlayiso.com Accounting (Grade 12) 10 April 2021 Common Test NSC GRADE 12 ACCOUNTING FINANCIAL INDICATOR FORMULA SHEET Gross profit X 100 Gross profit X 100 Net profit before tax X 100 Sales 1 Cost of sales 1 Sales 1 Net profit after tax X 100 Operating expenses X 100 Operating profit X 100 Sales 1 Sales 1 Sales 1 Total assets : Total liabilities Current assets : Current liabilities Average trading stock X 365 (Current assets – Inventories) : Current liabilities Cost of sales 1 (Trade and other receivables + Cash and cash equivalents) : Current liabilities Average debtors X 365 Cost of sales Credit sales 1 Average trading stock Trading stock X 365 Average creditors X 365 Average creditors X 365 Cost of sales 1 Credit purchases 1 Cost of sales 1 Net profit after tax X 100 Long-term liabilities : Shareholders’ equity Number of issued shares 1 Net income after tax X 100 Average shareholders’ equity 1 Net income after tax + Interest on loans X 100 Average Shareholders’ equity + Average Long-term liabilities 1 Shareholders’ equity X 100 Dividends for the year X 100 Dividends per share X 100 Number of issued shares 1 Number of issued shares 1 Earnings per share 1 Copyright Reserved Please Turn Over ### Page 11 Downloaded fro m hlayiso.com Basic Education KwaZulu-Natal Department of Education REPUBLIC OF SOUTH AFRICA ACCOUNTING ANSWER BOOK APRIL 2021 COMMON TEST NATIONAL SENIOR CERTIFICATE GRADE 12 GRADE 10 Name:_______________________________________ _____ Grade:_______ QUESTION MARKS MOD. 1 MOD. 2 1 2 3 TOTAL N.B. This answer book consists of 6 pages Copyright Reserved Please Turn Over ### Page 12 Downloaded fro m hlayiso.com Accounting (Grade 12) 2 April 2021 Common Test NSC QUESTION 1 1.1 Statement of Comprehensive Income for the year ended 28 February 2021. Sales (8 800 000 Gross profit Other operating income Gross income Operating expenses Salaries and wages (681 600 Advertising (60 000 Bad debts ( 6 730 Packing material (15 000 Operating profit 37 ### Page 13 Downloaded fro m hlayiso.com Accounting (Grade 12) 4 April 2021 Common Test NSC Copyright reserved Please turn over ### Page 14 Downloaded fro m hlayiso.com 4 Accounting (Grade 12) April 2021 Common Test NSC 1.2 RETAINED INCOME 10 1.3.1 To whom is the Audit Report addressed? 1 1.3.2 Other than the shareholders list TWO other parties that will be interested in the audit report of the company. Briefly explain why each would be interested. PARTY REASON 2 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 15 Downloaded fro m hlayiso.com Accounting (Grade 12) 4 April 2021 Common Test NSC QUESTION 2 2.1 2.1.1 2.1.2 2.1.3 2.1.4 4 2.2.1 CACULATION ANSWER INCOME TAX PAID 4 DIVIDENDS PAID 4 FIXED ASSETS PURCHASED 5 2.2.3 Net change in cash and cash equivalent Cash and cash equivalent at the beginning Cash and cash equivalent at the end 3 TOTAL MARKS 20 Copyright reserved Please turn over ### Page 16 Downloaded fro m hlayiso.com Accounting (Grade 12) 4 April 2021 Common Test NSC QUESTION 3 3.1 3.1.1 3.1.2 3 3.1.3 3.2 3.2.1 Net asset value per share 3 Return on shareholders’ equity 5 3.2.2 Quote TWO financial indicators (with figures and trends) that indicate an improvement in the liquidity position of the business. 4 3.2.3 The company repaid a large portion of the loan. Explain why this was a good decision. Quote TWO financial indicators (with figures). 6 Copyright reserved Please turn over ### Page 17 Downloaded fro m hlayiso.com 4 Accounting (Grade 12) April 2021 Common Test NSC 3.2.4 Comment on the dividend pay-out policy over the past two years. Provide a possible reason for the policy adopted. Quote figures. 5 3.2.5 Explain whether the price paid for the share buy-back was fair. Quote TWO financial indicators (with figures) in your explanation. 4 TOTAL MARKS 30 Copyright reserved Please turn over ### Page 18 Downloaded fro m hlayiso.com Basic Education KwaZulu-Natal Department of Education REPUBLIC OF SOUTH AFRICA ACCOUNTING MEMORANDUM APRIL 2021 NATIONAL SENIOR CERTIFICATE GRADE 12 MARKS: 100 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 double penalty applied. 2. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect. 3. Where penalties are applied, the marks for that section of the question cannot be a final negative. 4. Codes: f=foreign item; p=placement This memorandum consists of 6 pages. ### Page 19 Downloaded fro m hlayiso.com Accounting (Grade 212) April 2021 Common Test NSC QUESTION 1 1.1 Statement of Comprehensive Income for the year ended 28 February 2021. Sales (8 800 000 – 19 200 – 99 200) Operation one part correct 8 681 600  Cost of sales (8 681 600 + 360 000)100/160 Two or nothing (5 651 000)  Gross profit Operation 3 030 600  Other operating income Operation one part correct 71 500  Rent income 70 500  10 Provision for bad debts adjustment (3 240 – 2 240) Two or nothing 1000  Gross income 3 102 100 Operating expenses Operation (1 799 860)  Salaries and wages (681 600 – 20 000 – 4 000) 657 600  Operation one part correct Advertising (60 000 – 2 880) 57 120  Bad debts ( 6 730 + 42 000) 48 730  Packing material (15 000 + 820 – 6 020) Operation one part correct 9 800  Directors fees 550 000  Audit fees 188 410  Insurance 14 700  Trading stock deficit (1 050 300 + 62 000 – 1 002 000) Two or nothing 110 300  Depreciation (119 999 + 14 800 ) 134 799  4 500 + 10 300 Operation one part correct 20 Sundry expenses Balancing figure 28 401  Operating profit Candidate must use 15% on sales 1 302 240  Interest income 1. 80 000  Operating profit before interest expenses Operation 1 382 240  Interest expense 2. (182 240)  Net profit before taxation 1 200 000  Taxation (360 000)  7 Net profit after tax 840 000  37 Foreign entry -1 max -2 Copyright reserved Please turn over ### Page 20 Downloaded fro m hlayiso.com Accounting (Grade 312) April 2021 Common Test NSC 1.2 RETAINED INCOME balance at the beginning (1 480 000 + 140 000) 1 620 000  Operation one part correct Buy back of shares (100 000 x 1.40) Two or nothing (140 000)  Net profit after tax 840 000  Ordinary share dividends Operation one part correct (500 000)  Interim dividends (600 000 x 0.30) 180 000  Final dividends (800 000 X 0.40) 320 000  Balance at the end Operation one part correct 1 820 000  10 1.3.1 To whom is the audit report addressed? Shareholders  1 1.3.2 Other than the shareholders list TWO other parties that will be interested in the audit report of the company. Briefly explain why each would be interested. PARTY REASON Party and a reason  Potential new investors To determine whether they can rely on the information in the financial statements when making investments. Banks To determine whether they can rely on the information in the statements when making decisions relating to lending the company money. SARS To determine whether they can rely on the information in the financial statements when assessing the company’s tax. Competitors To determine whether they can rely on the information in the financial statements when comparing their results with those of the company. 2 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 21 Downloaded fro m hlayiso.com Accounting (Grade April 2021 Common Test NSC 412) QUESTION 2 2.1 2.1.1 C 2.1.2 E 2.1.3 A 2.1.4 D 4 2.2.1 CACULATION ANSWER INCOME TAX PAID 296 600  + 12 700  + 27 200  (336 500)  4 Award operation if one part correct, final answer must have brackets. DIVIDENDS PAID 111 000 + 317 400  – 142 400  (286 000)  Or 4 111 000 + 175 000 Award operation if one parts correct, final answer must have brackets. FIXED ASSETS PURCHASED 1 437 200 + 221 400 + 283 500 – 1 120 400  (821 700)  5 Or 1 120 400 – 1 437 200 – 221 400 – 283 500 Award operation if one parts correct, final answer must have brackets. 2.2.3 Net change in cash and cash equivalent 185 550 Cash and cash equivalent at the beginning (108 800)  (15 500 – 124 300) Cash and cash equivalent at the end 76 750 3 TOTAL MARKS 20 Copyright reserved Please turn over ### Page 22 Downloaded fro m hlayiso.com Accounting (Grade 512) April 2021 Common Test NSC QUESTION 3 3.1 3.1.1 D  3.1.2 B  3 3.1.3 A  3.2 3.2.1 Net asset value per share 4 488 000  x 100 880 000  510 cents  Operation one part correct 3 Return on shareholders’ equity 545 600  x 100 ½  ( 4 488 000  + 3 724 000 ) 1 545 600 x 100 4 106 000 1 Three marks 13.28% or 13.3%  Operation one part correct 5 3.2.2 Quote TWO financial indicators (with figures and trends) that indicate an improvement in the liquidity position of the business. Indicator   trend   Current ratio improved from 1.4 : 1 to 1.9 : 1 by 0.5 Average debtors collection period improved from 57 days to 30 days by 27 days Do not accept acid test ratio and average creditors’ payments period. 4 Copyright reserved Please turn over ### Page 23 Downloaded fro m hlayiso.com Accounting (Grade 612) April 2021 Common Test NSC 3.2.3 The company paid back a large portion of the loan. Explain why this was a good decision. Quote TWO financial indicators (with figures). Indicator, trend    Explanation   Debt/equity ratio decreased/improved from 0.5 : 1 to 0.2 : 1 by 0.3 This indicate a low risk ROTCE is 20.8% above the interest rate of 11%, by 9.8% 6 This indicate a positive gearing 3.2.4 Comment on the dividend pay-out policy over the past two years. Provide a possible reason for the policy adopted. Quote figures. Comment on EPS and DPS for 2020 (with figures):  The company paid 52 cents of 65 cents earned, the company distributed (80%). OR Only 20% of the net profit was retained. Comment on EPS and DPS for 2021 (with figures):  The company paid 31 cents of 62 cents earned, the company distributed (50%). OR 50% of the net profit was retained. Reason for change  Bigger % was retained for future expansion/growth. 5 Efforts being made to increase profitability or to address cash flow problems. 3.2.5 Explain whether the price paid for the share buy-back was fair. Quote TWO financial indicators (with figures) in your explanation. Indicator and trend   The buy- back price was 510 cents per share equal to the NAV of 510 cents, the price was fair Market price on JSE is 515 cents per share while shares have been bought back at 510 cents per share. 4 TOTAL MARKS 30 Copyright reserved Please turn over ## Related documents - [ACCOUNTING P1 GR12 MEMO SEPT 2021 Afrikaans](https://www.hlayiso.com/library/accounting-p1-gr12-memo-sept-2021-afrikaans/ba3a1ff7-09fc-402c-b9a3-c6afdd6d6bd6) — Accounting · Memo · 2021 · Afr - [Accounting GR 12 Exam Guidelines 2021 Afr](https://www.hlayiso.com/library/accounting-gr-12-exam-guidelines-2021-afr/01f40c91-f7ea-453e-bb06-5be520e4328f) — Accounting · Guide · 2021 · Afr - [Accounting GR 12 Exam Guidelines 2021 Afr](https://www.hlayiso.com/library/accounting-gr-12-exam-guidelines-2021-afr/4ad7d163-0859-4ba1-938c-3711cd4fc569) — Accounting · Guideline · 2021 · Afr - [ACCOUNTING GR12 QP SEPT 2021 isiXhosa](https://www.hlayiso.com/library/accounting-gr12-qp-sept-2021-isixhosa/375efb65-d103-44bc-a910-e9b8bccfd69a) — Accounting · QP · 2021 · isiXhosa - [ACCOUNTING P1 GR12 QP SEPT 2021 English D REV](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept-2021-english-d-rev/bd359bc3-aaa6-4466-a680-12cf6f56610f) — Accounting · QP · 2021 · Eng - [ACCOUNTING P1 GR12 ANSBK SEPT 2021 Sesotho D](https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-sesotho-d/50ad1901-7a2b-4a4d-8341-73ad853187ca) — Accounting · QP · 2021 · Sesotho ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [ACCOUNTING P1 GR12 AB JCT ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-ab-jct-eng-d-watermark/77ae8297-53f7-47b3-8e29-57bd38f30483) — Addendum · 2025 · Eng - [ACCOUNTING P1 GR12 QP JCT 2025 AFR D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-afr-d-watermark/c6a5692b-3cb0-464b-bb82-67d6ce83bfdd) — QP · 2025 · Afr - [ACCOUNTING P1 GR12 QP JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-eng-d-watermark/84d92eb0-f5bd-4442-bb6d-c55cdc52e25d) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR12 JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr12-jct-2025-eng-d-watermark/13425f71-aba6-4328-b084-d9b108884315) — QP · 2025 · Eng - [Accounting P1 (English) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p1-english-june-2025-answer-book/7e96e433-56f8-43a1-9a38-c68c465746dd) — Addendum · 2025 · Eng ## Collection - [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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