# Accounting Grade 12 Eastern Cape Mock 2018 QP (Eng) > Grade 12 Accounting question paper from the Eastern Cape Mock Exam 2018 (English), 24 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-gr12-qp-sept2018-english/983f188d-925e-4a1e-8ea0-dcb230f079ca - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Question paper - Year: 2018 - Exam period: Eastern Cape Mock Exam - Curriculum: CAPS - Pages: 24 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 2018 QP (Eng)](https://www.hlayiso.com/library/accounting-gr12-qp-sept2018-english/983f188d-925e-4a1e-8ea0-dcb230f079ca) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2018 · English. Question paper, 24 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 from hlayiso.com NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBER 2018 ACCOUNTING MARKS: 300 TIME: 3 hours *ACCNE* This question paper consists of 17 pages and a 16-page answer book. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING (EC/SEPTEMBER 2018) INSTRUCTIONS AND INFORMATION Read the instructions carefully and follow them precisely. 1. Answer ALL the questions. 2. A special ANSWER BOOK is provided in which to answer ALL the questions. 3. Show ALL workings to earn part-marks. 4. You may use a non-programmable calculator. 5. You may use a dark pencil or black/blue ink to answer the questions. 6. Where applicable, show all calculations to ONE decimal place. 7. A breakdown of the questions is provided. Attempt to comply with the suggested time allocation for each question. Copyright reserved Please turn overturn over ### Page 3 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 3 QUESTION 1: 45 marks; 30 minutes Main topic: This question integrates: Managerial Accounting • Concepts; Production Cost Statement Cost Accounting • Break-even and unit cost analysis Managing resources • Internal control QUESTION 2: 40 marks; 25 minutes Main topic: This question integrates: Managerial Accounting • Calculations and Interpretation of budgets Budgeting Managing Resources • Internal control QUESTION 3: 75 marks; 45 minutes Main topic: This question integrates: Financial Accounting • Concepts; Income Statement Company Financial Statements Managing Resources • Fixed Assets management • Audit Report QUESTION 4: 65 marks; 40 minutes Main topic: This question integrates: Managerial Accounting Financial Statements, Cash flow • Concepts; Balance Sheet notes and Interpretation • Cash Flow Statement • Interpretation of financial information QUESTION 5: 45 marks; 25 minutes Main topic: This question integrates: Managing resources Stock Valuation • Stock valuation methods • Internal control QUESTION 6: 30 marks; 15 minutes Main topic: This question integrates: Financial accounting • Creditors Reconciliation Reconciliations and VAT • VAT calculations Managing resources • Internal control Copyright reserved Please turnPlease turn over ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING (EC/SEPTEMBER 2018) QUESTION 1: COST ACCOUNTING (45 marks; 30 minutes) 1.1 Choose the correct answer from the words provided within brackets. Write only the answer next to the numbers (1.1.1–1.1.3) in the ANSWER BOOK. 1.1.1 (Office stationery/packing material) will NOT be regarded as an administration cost. 1.1.2 Cleaning detergents used in the factory is an example of (direct material/indirect material). 1.1.3 An increase in the number of units produced will lead to a/an (decrease/increase) in the fixed cost per unit. (3 x 1) (3) 1.2 LOLO MANUFACTURERS Lolo Manufacturers makes plastic buckets. Information for the financial year ended 28 February 2018 is provided. REQUIRED: 1.2.1 Calculate the cost of the raw materials issued to the factory during the financial year. (8) 1.2.2 Calculate the following for the Production Cost Statement: • Direct Labour Cost (7) • Factory Overhead Cost (complete the table provided). (5) 1.2.3 Prepare the Production Cost Statement on 28 February 2018. (11) INFORMATION: A. Stock balances: 28 FEB. 2018 1 MAR. 2017 R R Raw materials 76 300 87 250 Work-in-process ? 30 000 Finished goods 31 800 27 800 Factory consumables 7 700 5 300 B. Summary of transactions for the year ended 28 February 2018: Purchases of raw materials R 694 150 Carriage on raw materials purchased 21 200 Consumable stores used in the factory 22 830 Cleaning materials purchased for the office 12 330 Production wages 423 400 UIF – Contribution for factory employees ? Salaries: Factory foreman 154 200 Administration 189 000 Sales 217 000 Water and electricity 132 360 Sundry expenses: Factory 89 910 Administration 76 200 Sales department 68 390 Copyright reserved Please turn overturn over ### Page 5 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 5 C. Additional information: (i) An invoice for transport of raw materials, R4 200, has not yet been recorded. (ii) During the physical stock take of raw materials on 28 February 2018, 3 000 bucket handles were recorded at R5,00 each instead of R1,50 each. This must be corrected. (iii) The wage of a factory worker was omitted from the February 2018 wages journal. Her details are: Net wage R9 614 PAYE tax R2 860 UIF (1% of gross) R126 The employer contributes 1% to the UIF (iv) The water and electricity account for February 2018, R3 240, was not paid. 75% of the water and electricity is allocated to the factory. (v) Buckets are sold at R96 each (60% mark-up on cost). Total sales for the financial year amounted to R2 457 600. 1.3 GRENS BAKERY Information relating to the production of cakes is presented. The business is owned by Sydney. REQUIRED: 1.3.1 Calculate the break-even point for 2018. (4) 1.3.2 Explain whether Sydney should be concerned about the break-even point and the level of production. Quote figures. (3) 1.3.3 Give a possible reason for the change in unit costs of direct material and of direct labour. (4) INFORMATION: 30 APRIL 2018 30 APRIL 2017 Direct material R14,50 R18,20 UNIT Direct labour R17,30 R12,40 COSTS Selling and distribution R8,40 R8,00 Variable cost R40,20 R38,60 Total fixed cost R249 000 R242 720 Number of cakes produced and sold 15 000 14 800 Break-even point ? 13 950 Selling price per unit R61,60 R56,00 45 Copyright reserved Please turnPlease turn over ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING (EC/SEPTEMBER 2018) QUESTION 2: BUDGETING (40 marks; 25 minutes) 2.1 Indicate whether the following statements are TRUE or FALSE. Write only True or False next to the numbers (2.1.1–2.1.3) in the ANSWER BOOK. 2.1.1 A Cash Budget is prepared to show the actual receipts and payments for a specific period. 2.1.2 A Projected Income Statement would reflect the expected profit or loss for the budget period. 2.1.3 Only nominal accounts are recorded in a Cash Budget. (3) 2.2 BANYAMA LTD The information relates to Banyama Ltd for the budget period ended 30 September 2018. REQUIRED: 2.2.1 Complete the Debtors Collection Schedule. (7) 2.2.2 Calculate the amounts denoted by (i) to (vi) on the extract of the Cash Budget provided. (19) 2.2.3 Refer to Information J: • Calculate the percentage increase in the manager’s salary. (4) • Comment on whether the salary and wage decision was justified. Quote figures. (3) • Provide TWO possible consequences of this decision. (4) INFORMATION: A. The business sells kitchen appliances at a profit mark-up of 80% on cost. Stock is replaced in the month of sale. A base stock is maintained. B. Actual and budgeted figures for 2018: JULY AUGUST SEPTEMBER Sales 225 000 207 000 216 900 Purchases 125 000 ? 120 500 C. 70% of total sales are on credit. Debtors pay as follow: • 60% in the month following the sales month; • 36% in the second month following the month of sales; • 4% is written off. D. All goods are purchased on credit. Creditors are paid after 30 days subject to a 5% discount. Copyright reserved Please turn overturn over ### Page 7 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 7 E. Extract from the Cash Budget for August and September 2018: AUGUST SEPTEMBER R R Cash sales 62 100 (i) Loan received 316 800 0 Payment to creditors 118 750 (ii) Salary of manager 15 300 16 830 Wages of sales staff 38 400 38 400 Operating expenses ? (iii) Drawings 13 250 (iv) Water and electricity 15 400 16 632 Deposit on new equipment 12 600 0 Instalment on new equipment 0 (v) Instalment on loan 0 (vi) Interest on loan 0 2 310 F. Operating expenses amounts to R163 440 annually and is spread evenly throughout the budget period. G. The owners plan to draw 50% more than their usual monthly drawings to attend a live concert during September 2018. H. New equipment will be purchased during August 2018. A 15% deposit will be paid. The balance will be settled in equal instalments over 24 months, commencing on 30 September 2018. I. The loan was received from a partner. A fixed instalment will be paid on the 1st of each month. Interest at 9% p.a. will be paid at the end of each month, commencing in September 2018. J. Salaries and wages are revised in August each year. The manager’s salary will increase on 1 September 2018. Due to the poor economic situation, the owner decided that a wage increase cannot be afforded. 40 Copyright reserved Please turnPlease turn over ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING (EC/SEPTEMBER 2018) QUESTION 3: FIXED ASSETS, INCOME STATEMENT AND AUDIT REPORT (75 marks; 45 minutes) 3.1 CONCEPTS Choose a category from the list provided for each example below. Write only the category next to the numbers (3.1.1–3.1.4) in the ANSWER BOOK. non-current asset; current liability; expense; equity; current asset; income 3.1.1 Retained income 3.1.2 Amount due by SARS in respect of income tax for the year 3.1.3 Extensions to land and buildings 3.1.4 An increase in the Provision for Bad Debts (4 x 1) (4) 3.2 YASHPAL LTD The information relates to the financial year ended 28 February 2018. REQUIRED: 3.2.1 Refer to Information A: Calculate the figures denoted by (i) to (iii) on the Fixed Asset note. (11) 3.2.2 Prepare the Asset Disposal account on 1 January 2018. (5) 3.2.3 Prepare the Income Statement for the year ended 28 February 2018. (46) INFORMATION: A. Fixed Assets: VEHICLES EQUIPMENT Cost (1 March 2017) 838 000 622 000 Accumulated depreciation (1 March 2017) (420 000) (264 000) Carrying value (1 March 2017) (i) 358 000 Movements: Additions 216 000 0 Disposals 0 (iii) Depreciation (ii) (35 400) Carrying value (28 February 2018) Cost (28 February 2018) 517 000 Accumulated depreciation (28 February 2018) • A new vehicle was purchased on 1 October 2017. • Vehicles are depreciated at 15% on cost. • Old equipment was sold on 1 January 2018 for R26 250, cash. A profit of R4 250 was made on this sale. Copyright reserved Please turn overturn over ### Page 9 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 9 B. Balances/totals extracted from the Pre-adjustment Trial Balance on 28 February 2018: Loan: GT Bank R 542 000 Fixed deposit (8% p.a. interest) 195 000 Debtors control 112 245 Provision for bad debts 7 480 Trading stock 728 400 Sales ? Cost of sales 4 250 000 Directors fees 336 500 Salaries and wages 222 700 Fee income 79 350 Audit fees 19 450 Rent expense 146 080 Packing material 43 730 Discount received 14 280 Bad debts 23 555 Sundry expenses ? C. ADDITIONAL INFORMATION AND ADJUSTMENTS: (a) A credit sales invoice for R32 200 was not taken into account. Goods are sold at a profit mark-up of 75% on cost. (b) Stock-taking on 28 February 2018 revealed the following stock on hand: • Trading stock, R706 350 • Packing material, R3 880 (c) A debtor who owed R17 300 was declared insolvent. His estate paid 35 cents to the Rand and this was correctly recorded. The remaining balance must be written off as irrecoverable. (d) The provision for bad debts must be adjusted to 5% of debtors. (e) Directors’ fees of R23 500 were still outstanding on 28 February 2018. (f) 50% of the audit fees were paid to the external auditor. The balance will be settled in March 2018. (g) Rent paid includes the rent for March 2018. Note that the rent increased by 7% on 1 December 2017. (h) The loan statement received on 28 February 2018 reflected an outstanding balance of R565 800. Interest, capitalised, was not taken into account. (i) Take into account interest on fixed deposit at 8% p.a. This investment was made on 1 September 2017. (j) After taking into account all the adjustments, the income tax for the year at 29% of the net profit amounted to R560 860. Copyright reserved Please turnPlease turn over ### Page 10 Downloaded from hlayiso.com 10 ACCOUNTING (EC/SEPTEMBER 2018) 3.3 AUDIT REPORT: PICOLI LTD REQUIRED: 3.3.1 Briefly explain the role of the external auditor. (2) 3.3.2 What type of audit report did Picoli Ltd receive? Explain. (3) 3.3.3 Why would an existing shareholder be concerned about this report? Provide TWO points. (4) INFORMATION: EXTRACT FROM THE REPORT OF THE INDEPENDENT AUDITORS We have audited the annual financial statements of Picoli Ltd, for the financial year ended 30 June 2018. Our responsibility is to express an opinion on these financial statements based on our audit. Audit opinion In our opinion, the financial statements fairly represent the financial position of the company at 30 June 2018, except for the advertising expenses in the Income Statement which could not be verified, as no documentation existed for this expenditure. Mashele and Fouche Chartered Accountants (SA) 12 August 2018 75 Copyright reserved Please turn overturn over ### Page 11 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 11 QUESTION 4: FINANCIAL STATEMENTS, CASH FLOW AND INTERPRETATION (65 marks; 40 minutes) 4.1 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. COLUMN A COLUMN B 4.1.1 Balance Sheet A Reflects the financial performance of a business for a specific period 4.1.2 Liquidity B The extent to which a business is making use of borrowed capital 4.1.3 Income Statement C The ability of a business to pay off all its debts 4.1.4 Solvency D This is the return earned by shareholders’ investments in the business 4.1.5 Gearing E The ability of a business to meet its current liabilities F Shows the financial position of a business in terms of its assets, liabilities and equity (5 x 1) (5) 4.2 KHLOE LTD The information relates to the financial year ended 31 May 2018. REQUIRED: 4.2.1 Complete the cash generated from operations note for the Cash Flow Statement. (9) 4.2.2 Calculate the following amounts for the Cash Flow Statement: • Income tax paid (4) • Dividends paid (4) • Fixed assets purchased (5) 4.2.3 Calculate the Net change in cash and cash equivalents. (4) Copyright reserved Please turnPlease turn over ### Page 12 Downloaded from hlayiso.com 12 ACCOUNTING (EC/SEPTEMBER 2018) INFORMATION: A. Extract from the Balance Sheet and notes on 31 May 2018: 2018 2017 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 were sold at carrying value of R283 500. 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. 4.3 KWEZI LTD: ANALYSIS AND INTERPRETATION The information relates to the financial year ended 28 February 2018. REQUIRED: 4.3.1 Prepare the Ordinary Share Capital note. (7) 4.3.2 Calculate the following financial indicators on 28 February 2018: • Net asset value per share (3) • Return on shareholders’ equity (5) 4.3.3 Quote TWO financial indicators (with figures and trends) that indicate an improvement in the liquidity position of the business. (4) 4.3.4 The company paid back a large portion of the loan. Explain why this was a good decision. Quote TWO financial indicators (with figures). (6) 4.3.5 Comment on the dividend pay-out policy over the past two years. Provide a possible reason for the policy adopted. Quote figures. (5) 4.3.6 Explain whether the price paid for the share buy-back was fair. Quote TWO financial indicators (with figures) in your explanation. (4) Copyright reserved Please turn overturn over ### Page 13 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 13 INFORMATION: A. Extract from the Income Statement on 28 February: 2018 2017 R R Interest on loan 77 400 211 700 Net profit after tax 545 600 494 000 B. Extract from the Balance Sheet on 28 February: 2018 2017 R R Shareholders’ Equity 4 488 000 3 724 000 Ordinary share capital 4 291 500 ? Retained income ? 76 000 Loan: Buzza Bank (11% p.a.) 692 000 1 920 000 C. Share Capital: • On 1 March 2017, the company had 760 000 shares in issue. • On 1 June 2017, 30 000 shares were repurchased at R5,20 per share. • On 31 October 2017, a further 150 000 shares were issued. D. Financial indicators on 28 February: 2018 2017 Current ratio 1,9 : 1 1,4 : 1 Acid test ratio 0,7 : 1 0,8 : 1 Average debtors collection period 38 days 57 days Average creditors payment period 50 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 Market price on JSE 515 cents 485 cents 65 Copyright reserved Please turnPlease turn over ### Page 14 Downloaded from hlayiso.com 14 ACCOUNTING (EC/SEPTEMBER 2018) QUESTION 5: INVENTORY VALUATION (45 marks; 25 minutes) 5.1 Provide a stock valuation method that is best described by each statement below. Write only the valuation method next to each number (5.1.1–5.1.3) in the ANSWER BOOK. 5.1.1 Unique stock items of high value such as motor cars are valued individually. 5.1.2 Stock of appliances such as microwave ovens are always reflected at their most recent cost price. 5.1.3 Low-cost items such as golf balls are purchased in large quantities and reflect a similar value over time. (3 x 1) (3) 5.2 CASUAL OUTFITTERS The information relates to Casual Outfitters, owned by Funiwe, for June 2018. The business sells men’s jeans. Stock is valued using the weighted-average method and the periodic inventory system. REQUIRED: 5.2.1 Calculate: • Amount paid for carriage on 11 June 2018 (4) • Value of the closing stock on 30 June 2018 (9) 5.2.2 Funiwe wants to change the method of valuing stock. The value of closing stock using the FIFO method will be R4 853 higher than the value using the weighted-average method. • Explain the effect that this decision will have on the gross profit. (2) • Give ONE valid reason for and ONE valid reason against changing the stock valuation method. (4) 5.2.3 Funiwe is concerned about the control of her stock of jeans. She has sold 1 788 pairs of jeans during the year. Provide a calculation to support her concern. (5) 5.2.4 Comment on the stock balance on 30 June 2018. Is this appropriate? Explain. Provide ONE point. (3) Copyright reserved Please turn overturn over ### Page 15 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 15 INFORMATION: A. Stock balances: DATE NO. OF UNITS TOTAL COST 1 June 2018 230 R28 633 30 June 2018 415 ? B. Purchases and returns: No. of Price Carriage on Date Total cost units per unit purchases 11 June 2018 835 R130 ? R116 065 18 June 2018 780 R142 R7 020 R117 780 26 June 2018 380 R148 R3 420 R 59 660 Total purchases 1 995 R293 505 Returns from The supplier refunded the 18 June purchases 15 purchase price, excluding ? the carriage cost. 5.3 PROBLEM-SOLVING Jay’s Furnishers sells desks and chairs. The financial year ended on 28 February 2018. REQUIRED: Where applicable, provide relevant figures for ALL questions below. 5.3.1 Desks: • What decision did Jay take regarding the selling price of the desks? (3) • Explain TWO points on how this decision has affected the business. (6) 5.3.2 Chairs: Jay decided to buy his chairs from a cheaper supplier. Provide TWO points on why you feel that this was NOT a good decision. (6) INFORMATION: DESKS CHAIRS 2018 2017 2018 2017 Orders received from 250 330 500 450 customers Gross units sold 250 318 380 450 Returns by customers 0 12 56 0 Selling price per unit R420 R360 R126 R168 Cost price per unit R240 R240 R90 R120 Mark-up % 75% 50% 40% 40% Gross profit R45 000 R36 720 R11 664 R21 600 Stock turnover rate 5,4 times 7,4 times 5,2 times 5,2 times 45 Copyright reserved Please turnPlease turn over ### Page 16 Downloaded from hlayiso.com 16 ACCOUNTING (EC/SEPTEMBER 2018) QUESTION 6: RECONCILIATION AND VAT (30 marks; 15 minutes) 6.1 CREDITORS RECONCILIATION Ladoo Traders buys goods on credit from Anami Suppliers. The information relates to August 2018. REQUIRED: 6.1.1 Use the table in the ANSWER BOOK to indicate how the balances will change when preparing the creditors' reconciliation. Indicate the figure as well as a + for increase and a – for decrease. (11) 6.1.2 Refer to Information (vi): An investigation revealed that only R21 500 of these goods were entered in the stock records. The remaining goods were ordered by M. Rice, the credit manager. • Provide TWO possible actions that can be taken against M. Rice. (4) • Explain TWO internal control measures that the business can use to prevent such incidents in future. (4) INFORMATION: A. Balances: Account of Anami Suppliers in the Creditors' Ledger of R95 160 Cr Ladoo Traders on 31 August 2018 Statement from Anami Suppliers 25 August 2018 R143 460 Dr B. Errors and omissions discovered during an investigation: (i) An invoice for R26 000 received from Anami Suppliers was recorded correctly by Ladoo Traders. The statement reflects it as R20 600. (ii) Ladoo Traders had correctly recorded a discount of R820 for an early payment. This did not appear on the statement from Anami Suppliers. (iii) The statement reflected interest of R1 240 on an overdue balance. Anami Suppliers acknowledged that an error had been made. (iv) A debit note for R1 520 issued to Amanda Ltd was incorrectly recorded in the account of Anami Suppliers by Ladoo Traders. (v) A credit note for R2 440 received from Anami Suppliers for goods returned was incorrectly recorded as an invoice by Ladoo Traders. (vi) An invoice for R47 500 was reflected on the statement from Anami Suppliers but was not recorded by Ladoo Traders. (vii) A payment of R7 500 by Ladoo Traders on 27 August 2018 was recorded in the Creditors Ledger account of Anami Suppliers. Copyright reserved Please turn overturn over ### Page 17 Downloaded from hlayiso.com (EC/SEPTEMBER 2018) ACCOUNTING 17 6.2 VAT: XEGO STORES Xego Stores accounts for VAT every alternative month. All goods and services are subjected to VAT at the standard rate of 15%. REQUIRED: Calculate the final amount payable to SARS on 31 July 2018. (11) INFORMATION: INCLUDING EXCLUDING VAT VAT VAT AMOUNT R R R Balance due to SARS (1 July 2018) 6 665 Cash and credit sales invoices 828 000 720 000 108 000 Purchase of trading stock 534 750 465 000 ? Stock returned to suppliers 3 200 480 Debtors’ accounts written off 915 Office computer bought on credit 9 800 ? Discount allowed to debtors 10 810 ? 30 TOTAL: 300 Copyright reserved Please turnPlease turn over ### Page 18 Downloaded from hlayiso.com ### Page 19 Downloaded from hlayiso.com ### Page 20 Downloaded from hlayiso.com ### Page 21 Downloaded from hlayiso.com ### Page 22 Downloaded from hlayiso.com ### Page 23 Downloaded from hlayiso.com ### Page 24 Downloaded from hlayiso.com ## Related documents - [ACCOUNTING GR12 MEMO SEPT2018 English](https://www.hlayiso.com/library/accounting-gr12-memo-sept2018-english/5bfe8f07-1121-4aad-8146-327c580e81de) — Accounting · Memo · 2018 · Eng - [ACCOUNTING P1 GR12 QP SEPT 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-qp-sept-2023-english/86b103e1-05b3-4ddd-9077-02c461ae7d17) — Accounting · QP · 2023 · Eng - [ACCOUNTING P2 QP GR12 SEPT 2023 English](https://www.hlayiso.com/library/accounting-p2-qp-gr12-sept-2023-english/eb464289-6949-44e1-9c80-4e527d6a3926) — Accounting · QP · 2023 · Eng - [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 P2 GR12 QP SEPT2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-qp-sept2020-english/f03e0db8-e54a-430c-a3c1-424aaa129fde) — Accounting · QP · 2020 · 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 - [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 - [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 (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 - [Accounting P2 (English ) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p2-english-june-2025-answer-book-1/73bffe7c-1c96-49bd-af78-abb8db8c6618) — Addendum · 2025 · Eng - [Accounting P1 (English) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-english-june-2025-possible-answers/86671777-58f6-4c82-932c-4924bae022c0) — Memo · 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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