# Accounting Grade 12 Eastern Cape Mock 2015 Addendum (Eng) > Grade 12 Accounting addendum from the Eastern Cape Mock Exam 2015 (English), 17 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/accn-gr12-sept2015-eng-answer-book-final/7107ca91-1328-409d-9aab-371d18f671ce - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Addendum - Year: 2015 - Exam period: Eastern Cape Mock Exam - Curriculum: CAPS - Pages: 17 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 Eastern Cape Mock 2015 Addendum (Eng)](https://www.hlayiso.com/library/accn-gr12-sept2015-eng-answer-book-final/7107ca91-1328-409d-9aab-371d18f671ce) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2015. Addendum, 17 pages. Read online or download the PDF. 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Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com Name: NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBER 2015 ACCOUNTING ANSWER BOOK MARKS MODERATED QUESTION MAX MARKS OBTAINED MARKS 1 45 2 40 3 70 4 60 5 50 6 35 300 This answer book consists of 17 pages. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) QUESTION 1: COST ACCOUNTING 1.1 1.1.1 Direct labour cost  1.1.2 Factory overhead cost  1.1.3 Administration cost  1.1.4 Direct material cost  1.1.5 Selling and distribution cost  5 1.2 1.2.1 FACTORY OVERHEAD COST Consumable stores 27 900 (31 080  – 3 180 )  Water and electricity 30 375 (37 220 + 3 280) x 75%  Insurance 10 005 (14 820  – 1 480 ) x 3/4  113 040 Factory salary  21 840 Sundry expenses  Operation (one part correct) 203 160  -1 foreign items (maximum – 2) 11 1.2.2 PRODUCTION COST STATEMENT – 28 FEBRUARY 2015  Direct material cost 748 000   Direct labour cost One part correct  (532 000  + 58 520  + 12 000  + 1 320 ) 603 840 1 351 840  203 160  1 555 000  142 400  1 697 400 (101 400)  Operation (subtracted) Cost of production of finished goods 1 596 000  16 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 3 1.3 Naidoo’s Toy Shop 1.3.1 Confirm that the break-even point for 2015 is correct by doing a calculation. (R54 x 2 640) 2 marks 142 560  = 2 741,5 or 2 742 units R172  – R120  R52 (2 marks) 4 1.3.2 Explain whether Naidoo should be concerned about the break- even point for 2015. Quote relevant figures in your explanation. Good explanation (with figures)  satisfactory  weak  wrong “0” She should be concerned because she failed to break even (made a loss) BEP was 2 742 ; she only produced 2 640 units 3 1.3.3 Provide ONE reason each for the change in the direct material cost per unit and the direct labour cost per unit. Increase is greater than an inflationary increase. Direct Could be wastage, poor workmanship (mistakes). material cost Increased transport costs (carriage on purchased) Not able to get bulk discounts due to reduced production Disruptions in production due to strikes/load shedding. Direct labour Less overtime worked. cost More efficient machinery used in the production process. 4 Provide a suitable reason for the decrease in the break-even point 1.3.4 from 2014 to 2015. Valid reason  Increase in variable costs. (raw materials specifically) Maintaining the selling price at R172. 2 Q1: TOTAL 45 MARKS Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) QUESTION 2: BUDGETING 2.1 List TWO items on the Projected Income Statement provided, that would not appear on a cash budget. Any TWO   Cost of sales Discount received Depreciation Trading stock deficit 2 2.2 120 000 – 75 000 = 45 000  A Gross profit (Two marks or nothing) 2 132 000  x 100/160  = 82 500  (one part correct) B Cost of sales Or: 132 000 x 62,5% or 132 000 – (132 000 x 37,5%) 4 2 400 /120 000 = 2% C Advertising 132 000  x 2%  = 2 640  (one part correct) 4 17 100 x 108% = 18 468  (one part correct) D Salaries Or 17 100 + 1 368 = 18 468 2 17 040 Net Profit (17 625 – 585) x 30% = 5 112 E after tax 17 040 – 5 112  = 11 928  (one part correct) 4 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 5 2.3 2.3.1 The percentage increase in wages that the cleaners will receive in December 2015. 176  (3 376 – 3 200) x 100 = 5,5%  (one part correct) 3 200  4 2.3.2 The monthly salary due to the sales manager in December 2015. (17 100 – 300) = 8 400 (8 400 + 300 ) x 108% = 9 396  2 (one part correct) 4 2.3.3 The total credit sales expected in December 2015. (99 000  x 160% ) x 75% = 118 800  (one part correct) OR 132 000 X 120% = 158 400 X 75% = 118 800 3 2.3.4 The loan balance on 1 November 2015. 585  x 1200/9 = 78 000  (one part correct) 3 2.4 Refer to the actual figures for Depreciation and Trading stock deficit for October 2015. In each case, provide a reason for the difference with the budgeted figures. Any reasonable answer  Depreciation Purchase of a new asset. Calculation error (omission). Any reasonable explanation  Trading stock Unanticipated stock loss. deficit Random stock take revealed stock shortage. Damaged goods noted and taken into account. 2 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) 2.5 Refer to the actual figures for October 2015. Comment on any two expenses that were not well controlled by the business. In each case, quote the relevant figures and give ONE suggestion on how this expense can be more effectively managed. EXPENSE COMMENT (with figures) SUGGESTION Any TWO of : Comment and figure  each Suggestion  each Maintenance Over budgeted/underspent. Adjust budget or use the money (4 000 – 1 650) wisely to maintain the assets. This could extend the lifespan and productivity of the assets. Telephone Overspent / under budgeted. Control usage or check for (2 000 – 4 280) over 50% misuse. Budget correctly if found to be necessary. Advertising Underspent / over budgeted. Spend money allocated. Look at 2 400 – 1 900 different forms of advertising. May result in better sales/profit. 6 Q2: TOTAL 40 MARKS Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 7 QUESTION 3: COMPANIES – FINANCIAL STATEMENTS 3.1 MATCHING ITEMS 3.1.1 C  3.1.2 E  3.1.3 D  3.1.4 A  3.1.5 B  5 3.2 FINANCIAL STATEMENTS: NOTES (a) FIXED ASSETS BUILDING VEHICLES EQUIPMENT 750 000 Cost (1/3/2014) 0  375 500 Accumulated Depreciation (1/3/2014) (0) (450 000) (141 500) 300 000 234 000 CARRYING VALUE (1/3/2014) 0   MOVEMENTS: 2 500 000 24 800 Additions  -  (56 250) Disposals -  - (48 040) Depreciation - (103 125)  140 625 210 760 CARRYING VALUE (28/2/2015) 2 500 000   Cost (28/2/2015) 2 500 000 562 500 400 300 (421 875) Accumulated depreciation (28/2/2015) (0)  (189 540) 15 (b) ORDINARY SHARE CAPITAL 560 000  Issued shares on 1 March 2014 2 924 000  120 000  Additional shares issued during the financial year 816 000  (50 000)  Shares re-purchased (50 000 x 5,50) (275 000)  630 000  Issued shares on 28 February 2015 3 465 000  10 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) (c) RETAINED INCOME Balance (1 March 2014) 89 000  Net profit after income tax (1 005 000  – 281 400 ) 723 600  Shares re-purchased (50 000 x 1,50 ) (75 000)  Ordinary share dividends (469 600)   Interim dividends (paid) 252 000  680 000 x 0,32 cents   Final dividends (recommended) 217 600 (one part correct)  Balance (28 February 2015)eration 268 000  12 (d) TRADE AND OTHER PAYABLES Creditors control 203 900  Accrued expenses 19 220  Shareholders for dividends refer Note above (final dividends) 217 600  SARS: Income tax 25 500  Short term portion of loan 159 500  x 12/11  174 000  Operation (one part correct above) 640 220  8 3.2.2 Calculate the net asset value per share (NAV) after the re- purchase of shares. See 3.2(b) see 3.2(c)    = 593 cents  (one part correct) accept R5,93 5 Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 9 3.2.3 (a) As an existing shareholder, what factors/indicators would you assess in determining whether R7,20 per share is an acceptable issue price? Explain. NAV: 593 cents in 2015  Market price of shares will a lso give an indication of investor confidence.  4 (b) V. Slink owns 52% of the issued share capital. Calculate the minimum number of shares she must purchase in order to retain her position as the major shareholder. (check 3.2 (b)) 52% of 630 000 = 327 600 shares.  50% of 700 000 = 350 000 shares.  She needs (350 000 – 327 600) = 22 401shares  Or 51% of 700 000 : 357 000 – 327 600 = 29 400 shares 4 (c) V. Slink has suggested that, as a major shareholder, she should be given the first option to purchase the additional shares before they are advertised to the public. What should the directors do? Good explanation  satisfactory  weak  wrong “0” Must mention t this is unethical. Not allowed by law. Insider trading. The directors must apply the law to safeguard the integrity of the business. 3 3.2.4 Do buying back shares have any benefit for the company? Explain. Provide TWO points. Any TWO separate and valid explanations   It improves the NAV of shares which could impact positively on the market price of shares. If profits remain constant, then a higher EPS would be recorded which means better dividends for existing shareholders. Depending on the price offered to buy back the shares, the remaining shareholders may be disadvantaged if a very generous price is offered. The solvency and liquidity tests will be essential before shares are bought back. This will also have to be assessed. 4 Q3: TOTAL 70 MARKS Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com 10 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) QUESTION 4: CASH FLOW AND INTERPRETATION 4.1 4.1.1 Dividends paid: 300 000 x 56 cents = 168 000 (total dividends) (42 000  + 168 000  – 66 000 ) = 144 000  (one part correct) Accept different presentations of information such as T accounts, signs reversed etc. 5 4.1.2 Income tax paid: - 8 800  + 75 600  – 12 500  = 54 300  (one part correct) Accept different presentations of information such as T accounts, signs reversed etc. 4 4.1.3 Fixed assets purchased: (1 505 400  – 1 201 500  + 64 000  + 23 500 ) = 391 400  (one part correct) Accept different presentations of information such as T accounts, signs reversed etc. 5 4.1.4 Total investing activities: See 4.1.3 (391 400) + 23 500  + (40 000)  = (407 900)  (one part correct) 4 4.1.5 Net change in cash and cash equivalents: (17 500 – 2 000) + 23 900  = 39 400  (one part correct) (15 500)  4 4.2 4.2.1 Stock holding period 148 100  = 37,2 days  (one part correct) 4 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 11 4.2.2 Debtors average collection period  67 850  = 31,2 days  (one part correct) 793 600  6 4.2.3 Debt/equity ratio 740 000  : 1 006 800  0,74 : 1  (one part correct) 3 4.3 Comment on the management of stock (trading inventory). Quote TWO relevant financial indicators (with figures) in your answer. Any TWO valid financial Indicators (with figures)   Valid comment  Stock turnover rate: was 11 times - dropped to 9,8 times. Stock holding period was 33 days - increased to 37,2 days. (refer 4.2.1) The current ratio also increased from 1,27 : 1 to 1,43 : 1 Stock is being held for a longer period / stock is being bought/sold less often than previously. There is some degree of stock piling or could be reduced sales. It could be argued that the business took advantage of bulk discounts or that the goods may have a reasonable shelf life period. 6 4.4 Is the management of debtors and creditors effective? Explain. Quote relevant financial indicators and/or figures in your answer. Quoting financial indicators with figures :   explanation for each indicator   Debtors average collection period: was 38 days now Creditors’ average payment period: was 62 days now 65 days. A good improvement on the collection policy of the business (close to the desired 30 days). Depending on credit terms granted, it is wise to take the maximum permissible time to pay back creditors (taking advantage of “short term financing”). As long as the business does not incur any interest charges. It is also important to pay accounts on time to maintain credit- worthiness. 6 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com 12 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) 4.5 4.5.1 Comment on the earnings per share (EPS), the dividends per share (DPS) and the return on shareholders’ equity (ROSHE) for both companies. 6 4.5.2 Comment on the financial gearing of both companies. Explain which company is making more use of loans and state whether it is a good idea or not, for that company to do so. Quoting relevant financial indicators (with figures)   Valid comment  Debt/Equity ratio – Pixie Ltd (0,7 : 1), Vivi Traders Ltd (0,52 : 1) Pixie Ltd is making greater use of loans than Vivi Traders Ltd. ROTCE – Pixie Ltd 21,2%, Vivi Traders Ltd 10,8% Pixie Ltd is making good use of the loan by obtaining a return that is greater than the current interest rate (positive gearing). So it is a good idea to continue using the loan. Vivi Traders is only achieving a return of 10,8% on capital employed. Clearly not making effective use of the loan. It would be in their interest to start repaying that debt. Note: Refer to answer in Question 4.2.3 – learners responses may be based on their incorrect calculations. 4 4.5.3 Refer to the market value of the shares and the net asset value per share. What advice would you offer John Cann about investing in either company? Quoting the relevant n is making steady progress. 3 Q4: TOTAL 60 MARKS Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 13 QUESTION 5: VAT AND RECONCILIATIONS VAT 5.1 5.1.1 Value added tax  5.1.2 (a) False  (b) False  5.1.3 Input VAT  4 5.2 5.2.1 Calculate the total credit sales for the period (excluding VAT). 12 320 x 100/14 = 88 000  (one part correct) 2 5.2.2 Taking into account the errors and omissions, calculate the amount that is either payable to or receivable to SARS for VAT. 17 430  + 12 320  – 1 260  – 672  – 63  (27 755) 13 356  – 91  + 119  (13 384) = 14 371 + 9 889  = 24 260 due to SARS  Accept different presentations of information such as T accounts, signs reversed etc. 11 5.2.3 The internal auditor, through a random check, discovered that the owner, Joe, does not pay the full amount due to SARS on due dates. On enquiry, Joe stated that he spends the money on the business. What advice would you offer Joe concerning this practice? Good explanation  satisfactory  weak  wrong Unethical business practice.  SARS obligations must be kept separate and dealt with immediately.  Could incur penalties if discovered by a SARS audit. 3 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com 14 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) 5.3 CREDITORS RECONCILIATION: CREDITORS NO. STATEMENT LEDGER ACCOUNT BALANCE 5 350 12 540 i 540  ii (4 200 X 2) 8 400  iii 4 000  iv (250)  v (2 500)  TOTAL 14 040  14 040  9 5.4 DEBTORS RECONCILIATION 5.4.1 Give TWO steps that the bookkeeper must follow when he/she discovers a difference between the Debtors Control Account and the Debtors List. Any TWO valid steps   Reconciling debtors list with debtors control account. Identify if the error affects the control account or the DL or both. Identify if ONE, TWO or MORE accounts are affected. Make GJ entries to correct posting errors (wrong debtors / amounts over or under cast / wrong general ledger accounts) For single entry errors (amounts) make the necessary corrections and adjust the balances. 2 5.4.2 Calculate the correct balance of the Debtors Control Account and the Debtors List by completing the table provided. DEBTORS CONTROL ACCOUNT: Insert amounts only on the appropriate side. DEBIT CREDIT i 120  ii 90  iii 75  iv 530  v If amount are placed in both columns -1 mark for the incorrect one provided a mark was scored on that line. 5 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 15 DEBTORS LIST: Show the adjustment amount next to each debtor. Final balance is not necessary. M. Mouse 4 510 + 90  – 1 320  – 50  D. Duck 3 270 + 75  K. Chicken 940 + 530  F. Fox 2 260 + 1 320  Amounts must have the correct signs (+/-) to score the mark. 6 5.4.3 (a) Explain why you would be concerned about the management of debtors in this business. Quote relevant figures in your answer. Any TWO valid comments with figures.   11590/23 180 = 50% of debtors are more than 60 days overdue. Only 20% of debtors are current (within the 30 days credit terms). 10% of debtors are likely to be written off as irrecoverable. Debtors are not taking advantage of the 5% discount for early payments. Collection policy needs to be more vigilant. 4 (b) Provide TWO internal control measures that the business can use to improve the collection of money from debtors. Any TWO valid explanations.    Division of duties – explained.  Shared responsibilities in preparing documents (statements, receipts, invoices) and depositing of money.  If the organisation is big, could assign a set number of debtors per employee. Could result in personalised service and constant monitoring.  A separate screening department (follow-up and approval of credit).  Computerised messages to inform debtors not up to date with payments. For 1 mark each:  Send sms and reminders.  Charge interest on late payments (overdue accounts)  Give discounts for early payments. 4 Q5: TOTAL 50 MARKS Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com 16 ACCOUNTING (ANSWER BOOK) (EC/SEPTEMBER 2015) QUESTION 6: STOCK VALUATION AND PROBLEM SOLVING 6.1 Calculate the value of the closing stock using the first-in-first-out (FIFO) method of stock valuation. One part correct for all method marks 10 6.2 Calculate the cost of sales of the laptops sold. 51 000 + 329 360 – (3 x 4 740) – (4 x 5 650) – 101 180 = 242 360   14 220  22 600    (one part correct) (6.1) or 51 000 + 53 760 + (99 800 – 14 220) + (9 x 5 780) = 242 360 85 580 52 020 6 6.3 How would a change in policy impact on the financial reporting of the business? Give ONE point. Any reasonable answer   May result in a different closing stock figure for the balance sheet.  Wil result in a different gross profit figure for the income statement.  May impact on the amount of income tax payable/ may influence the EPS. 2 6.4 Taking into account the technology market, what advice can you offer Max regarding his marketing strategy and his pricing policy? Provide TWO points. TWO valid points   Need to be aware of rapid changes in technology (goods may become obsolete).  May need constant upgrading of software.  Need to keep the different ranges (price levels) to cater for the different needs of individuals.  Broaden the target market.  Stock and supply software and other computer accessories (complementary goods).  Provide an after-sales service such as repairs/maintenance. 4 Copyright reserved Please turn over ### Page 17 Downloaded from hlayiso.com (EC/SEPTEMBER 2015) ACCOUNTING (ANSWER BOOK) 17 6.5 PROBLEM SOLVING 6.5.1 Identify a different problem (with relevant figures) in each of the branches. BRANCH PROBLEM    (WITH FIGURES   ) 24 cash sets = R100 800 Only R79 800 deposited MENLYN (shortfall of R21 000 : High credit sales (54 600 is 31% of total sales) Too high returns (12 sets) MOORTON Only worked 73% of the normal and choose to cash in on the overtime (52 hours) Less than 50% of sets sold (after returns) Very low sales volume (21/50) sets VINCENT Low normal hours worked (102/160 hrs) and also do not like overtime (maybe due to age) 6 6.5.2 Identify ONE branch that Siddie should consider closing down. Provide a valid reason for your choice. Branch  Appropriate reason  (Award mark for Branch name only of reason is relevant) Moorton : High rent / average sales (turnover) / young, poor disciplined sales person with too much returns. Vincent : John is near retirement / working few hours/ no effort to increase sales 3 6.5.3 Give Siddie with ONE suggestion to address the problem identified in QUESTION 6.5.1 for each of the other branches. ny reasonable internal control measure for each branch   BRANCH INTERNAL CONTROL MEASURE Sally is energetic but need to be audited Menlyn regularly (checking sales and deposits) Possibly change to another branch or division o f duties. Time sheet for normal time / set targets / Moorton minimise overtime hours / calculate commission on net sales Vincent Provide John with an assistant /set sales targets / make a set number of hours for overtime. 4 Q6: TOTAL 35 MARKS TOTAL: 300 Copyright reserved Please turn over ## Related documents - [ACCN GR12 SEPT2015 AFR MARKING GUIDELINE](https://www.hlayiso.com/library/accn-gr12-sept2015-afr-marking-guideline/8648ed76-8598-4c22-b4be-c4b8b2fef4ab) — Accounting · Memo · 2015 · Afr - [ACCN GR12 SEPT2015 AFR QP](https://www.hlayiso.com/library/accn-gr12-sept2015-afr-qp/474e07e7-269a-4133-a6c2-a0e495bd44fb) — Accounting · QP · 2015 · Afr - [ACCN GR12 SEPT2015 ENG QP Final](https://www.hlayiso.com/library/accn-gr12-sept2015-eng-qp-final/7ea6c66d-caa7-4ad7-aea0-96b8aafe0188) — Accounting · QP · 2015 · Eng - [Grade 12 NSC Accounting (English) Answer Book 2015 Prepartory Examination Answer Book](https://www.hlayiso.com/library/grade-12-nsc-accounting-english-answer-book-2015-prepartory-examination-answer-book/1504bb7f-526b-44e4-991e-b308973bbfca) — Accounting · Addendum · 2015 · Eng - [Accounting Nov 2015 Answer Book Eng](https://www.hlayiso.com/library/accounting-nov-2015-answer-book-eng/f3ace8a3-f0d8-4096-913e-36c72d4e4a3b) — Accounting · Addendum · 2015 · Eng - [ACCOUNTING P2 GR12 ANSWERBOOK SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-answerbook-sept2020-english/7c7795c6-891d-43ba-bdd7-60bcccc8c166) — Accounting · Addendum · 2020 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 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 (Afrikaans) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-afrikaans-june-2025-possible-answers/2f10559b-54d6-47f4-9fc2-b2efc62644c4) — Memo · 2025 · Afr ## 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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