# Accounting Grade 12 Eastern Cape Mock 2019 Memo (English) > Grade 12 Accounting memorandum from the Eastern Cape Mock Exam 2019 (English), 18 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-memo-sept2019-eng-pdf-r/b90affb8-0fb1-47cc-97c0-27038c79927e - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Memorandum - Year: 2019 - Exam period: Eastern Cape Mock Exam - Curriculum: CAPS - Pages: 18 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 2019 Memo (English)](https://www.hlayiso.com/library/accounting-memo-sept2019-eng-pdf-r/b90affb8-0fb1-47cc-97c0-27038c79927e) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2019. Memorandum, 18 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 2019 ACCOUNTING MARKING GUIDELINE MARKS: 300 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 foreign item penalty for misplaced items). No double penalty applied. 2. Penalties for placement or poor presentation (e.g. details) are applied only if the candidate is earning marks on the figures for that item. 3. Full marks for correct answer. If the answer is incorrect, mark the workings provided. 4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark for the working for that figure (not the method mark for the answer). Note: if figures are stipulated in memo for components of workings, these do not carry the method mark for final answer as well. 5. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award the mark. If no + or – sign or bracket is provided, assume that the figure is positive. 6. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers from candidates. 7. Where penalties are applied, the marks for that section of the question cannot be a final negative. 8. Where method marks are awarded for operation, the marker must inspect the reasonableness of the answer before awarding the mark. 9. 'Operation' means 'Check operation'. 'One part correct' means 'Operation and one part correct'. Note: Check operation must be +, –, x or ÷ or per candidates’ response. 10. In calculations, do not award marks for workings if numerator & denominator are swapped - this also applies to ratios. 11. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect at least in part. In such cases, do not award the method mark. Indicate by way of  12. Be aware of candidates who provide valid alternatives beyond the marking guideline. 13. Codes: f = foreign item; p = placement/presentation. This marking guideline consists of 18 pages. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING (EC/SEPTEMBER 2019) QUESTION 1: DEBTORS AGE-ANALYSIS AND BANK RECONCILIATION 1.1 DEBTORS AGE-ANALYSIS 1.1.1 Explain how the Debtors’ Age Analysis can assist with the control over debtors. Provide ONE point. Any ONE valid point.  Part marks for partial/incomplete answers. Effective method of credit control Helps identify debtors who have not paid within the credit terms granted. Interest can be charged to debtors not adhering to the business’ policy. Legal action can be taken against debtors who do not comply. 2 1.1.2 Calculate the average debtors’ collection period (in days) for the financial year ended 31 August 2019. Workings Answer ½ (19 800 + 76 200) 48 000  X 365 38,9 days/39 days  one part correct 450 000  5 Comment whether the business should be satisfied with this. Any ONE valid point.  Part marks for partial/incomplete answers. The business cannot be satisfied as debtors are not complying with the 30 days credit terms. 2 1.1.3 Identify TWO different problems revealed by the Debtors’ Age Analysis. Quote evidence and/or figures. In each case, provide advice to improve the internal control relating to the problem identified.  Problem   Advice on internal Evidence/figures   control   Certain debtors have Do not sell on credit to Problem 1 exceeded their credit limit. debtors who have  C. Coma by R2 000 or exceeded their credit R Rome by R1 000 limits Debtors do not abide by the Charge interest on credit terms of 30 days. overdue accounts Problem 2 Offer discounts for early  Pule, Coma and Rome payment (53% are taking longer) Send reminders/SMS The business is allowing Install computer system Or debtors to exceed credit terms to track debtors accounts and limits. 6 Copyright reserved Please turn over ### Page 3 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 3 1.2 BANK RECONCILIATION 1.2.1 (a) True  (b) False  (c) True  (d) True  4 1.2.2 Calculate the correct totals for the Cash Receipts Journal and the Cash Payments Journal for July 2019. Use the tables provided. Cash receipts Cash payments journal journal 127 670 68 900 1 800  1 300  12 340  920  600  50 000  one part correct 141 810 both figures 121 720 *Note: Do not award method mark if R15 000 appears in any column. 14 1.2.3 Bank reconciliation statement on 31 July 2019. Debit Credit Balance as per bank statement 44 040  Outstanding deposit 18 000  Outstanding cheques: 897 8 700  #balancing figure 905 20 500  908 3 100  Balance as per bank account (9 650 + 141 810 - 121 720) see 1.2.2 29 740* Both totals must be the same 62 040  62 040 # Note: Do not award method mark for balancing figure if R15 000 appears in any column. 10 Copyright reserved Please turn over ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING (EC/SEPTEMBER 2019) 1.2.4 Explain how cheque No. 908 should be treated when preparing the financial statements on 31 July 2019, the end of the financial year. Increase bank  and increase creditors  Do not accept: Dr bank and Cr Creditors control is for ledger account not financial statement 2 1.2.5 Identify the GAAP principle applied by the bookkeeper. Principle of prudence   Provide TWO suggestions on how a similar problem in future can be prevented. Any TWO valid suggestions   Part marks for partial/incomplete answers Division of duties (partial answer) Encourage EFT payments by customers/debtors. All cash received must be deposited daily (deposit slips must tally with receipts issued). Daily checks to see that deposits are made. Request notification (SMS) from bank for all transactions. 5 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 5 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 5 QUESTION 2: INVENTORY VALUATION 2.1 Calculate the following on 28 February 2019: 2.1.1 Value of closing stock Workings Answer 4 191 500 four marks 195 424  + 4 034 660  – 38 584  49 + 788  – 7  830 three marks eight marks 1 111 000 5 050  x 220  one part correct 10 2.1.2 Gross profit for the year ended. Workings Answer see 2.1.1 see 2.1.1 COS: 4 191 500  – 1 111 000  = 3 080 500 369 800  Gross profit: 3 450 300  – 3 080 500  one part correct 5 2.2.1 Calculate the stock value on 28 February 2019 using the FIFO method. Workings Answer 200 – 7 193 x 5 512  = 1 063 816  220 – 193 1 202 731 27  x 5 145  = 138 915  one part correct 7 2.2.2 Explain the effect on gross profit if the FIFO method is used. Any valid point  A larger closing stock will result in a smaller cost of sales and hence a greater (an increased) gross profit. The gross profit will be more compared to when weighted average method is used.  2 2.2.3 As an internal auditor, explain the benefits of using the FIFO method to the owner and the accountant. State TWO points. Any TWO valid points   part marks for short/incomplete statements Stock shown at recent prices, realistic Reflect a higher gross profit Easy to apply No manipulation of profits 4 Copyright reserved Please turn over ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING (EC/SEPTEMBER 2019) 2.3 Ching Lee feels that she was not able to achieve her targeted mark- up % for 2019. Do (or perform) a calculation to confirm whether she is correct. Workings Answer see 2.1.2 369 800  x 100 12%  one part correct 3 080 500  see 2.1.2 3 Provide TWO suggestions that can be implemented in order to improve profitability. Any TWO valid suggestions   Give less trade discounts Support local suppliers Supervise sales to ensure correct prices are applied Consider after-sales services such as maintenance, repairs and 4 installations TOTAL MARKS 35 Copyright reserved Please turn over ### Page 7 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 7 QUESTION 3: MANUFACTURING 3.1.1 DIRECT LABOUR COST Workings Answer Normal wage (50 x 800 x 12) = 480 000  Overtime (180 x 75 x 12) = 162 000  646 800  UIF (1% of normal wage) = 4 800  one part correct 6 FACTORY OVERHEAD COST Indirect Material 128 000 Indirect labour 135 340 Water and electricity (4/7 X 77 000) 44 000  Insurance 48 500  Rent (288 000 x 15/24) 180 000  Sundry expense (84 000 x 75%) 63 000  Depreciation on factory equipment 18 900  617 740 * one part correct 10 3.1.2 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2019 Direct materials cost (138 000  + 1 450 000 – 142 000  – 19 000 ) 1 427 000 * Labour Cost see 3.1.1 646 800  Prime Cost operation 2 073 800  Factory Overhead Cost see 3.1.1 617 740  Total cost of production operation 2 691 540  Work in process at the beginning of the year 79 000 2 770 540 Work in process at the end of the year operation, it should be subtracted (80 350)  Cost of production of finished goods 2 690 190 10 Copyright reserved Please turn over ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING (EC/SEPTEMBER 2019) 3.2.1 Identify ONE variable cost that is not well controlled in each department. Quote figures. In each case, provide a solution for the problem identified. Mark sections independently Suitcases Laptop bags Cost identified Direct labour Direct material cost    cost  OR Selling and distribution cost Figures Increased from Increased from R40 to R54    R130 to R150  Increased by R14 or 35% by R20 or 15,4% OR Increased from R18 to R24 by R6 or 33,3% Solution Train workers to be Secure cheaper   more efficient/work supplier/improve security over less overtime/control material/supervise use to working hours  minimise wastage/recycle  OR Explore effective advertising/charge for delivery/pay salespersons on commission basis. 8 3.2.2 CALCULATION OF BREAK-EVEN POINT Workings 3 500 000  420 – 242  178 two marks 4 = 19 663 units * one part correct 3.2.3 Explain whether the business should be satisfied with the production of suitcases. Quote figures. The business will not be satisfied,  did not break-even by 663 units. Produced 19 000 units; Break-even point was 19 663 units. The business is making a loss on 663 units  OR Production dropped compared to last year by 6 000 units whilst break- 3 even point increased by 432 units. Copyright reserved Please turn over ### Page 9 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 9 3.2.4 JP wants to adjust the selling price of ONE of the products. What advice would you offer? Provide a valid reason for your suggestion, quoting relevant figures. Product and explanation  figure  Consider decreasing the price of suitcases to increase sales. The competitor has maintained his selling price, and has possibly attracted many customers. The increased selling and distribution costs was not effective to increase sales. A reduced price will attract more customers which will require production to increase. THREE-mark option: (if figure provided) Increase the price of laptop bags to be just below the price of the competitor The competitor charges R265. 4 TOTAL MARKS 45 Copyright reserved Please turn over ### Page 10 Downloaded from hlayiso.com 10 ACCOUNTING (EC/SEPTEMBER 2019) QUESTION 4: FINANCIAL STATEMENTS 4.1 4.1.1 C 4.1.2 E 4.1.3 A 4.1.4 B 4.1.5 D 5 4.2.1 RETAINED INCOME NOTE Balance at the beginning of the year 468 000  Net profit after tax (1 085 500 x 70%) 759 920  Re-purchase of shares (50 000 x 55c ) (27 500) * Ordinary share dividends (460 000)  Interim dividend (800 000 x 30c) 240 000  *  Final dividend (1 000 000 x 22c) 220 000  * Balance at the end of the year 740 420 * *one part correct 12 Copyright reserved Please turn over ### Page 11 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 11 4.2.2 STATEMENT OF FINANCIAL POSITION ON 28 FEBRUARY 2019 ASSETS Non-current assets operation 4 767 240  Fixed assets (4 919 040 – 201 520) 4 717 520  Financial assets balancing figure 49 720  Current assets operation 634 180  Inventory (255 340 + 1 580) 256 920  Trade and other receivables (235 000  – 35 000  – 6 000 + 7 840  + 17 300 + 14 320 ) 233 460 * Cash and cash equivalents (381 300 – 237 500 ) 143 800 * TOTAL ASSETS if same as TE+L 5 401 420  EQUITY AND LIABILITIES Shareholder’s equity operation 4 730 420  Ordinary share capital (4 200 000  – 210 000 ) 3 990 000 * Retained income see 4.2.1 740 420  Non-current liabilities 270 000 Loan: Central Bank (420 000 – 150 000 ) 270 000 * Current liabilities operation 401 000  Trade and other payables (22 000 + 9 000 ) 31 000 * Shareholders for dividends see 4.2.1 220 000  Current portion of loan 150 000  TOTAL EQUITY AND LIABILITIES operation 5 401 420  Trade and other payables can combine the elements under current liabilities. *One part correct 35 Copyright reserved Please turn over ### Page 12 Downloaded from hlayiso.com 12 ACCOUNTING (EC/SEPTEMBER 2019) 4.2.3 At the annual general meeting, the board of directors proposed the following TWO programmes: Explain why the directors included these proposals in their directors’ report. Provide TWO points. TWO valid points    Companies are expected to contribute to the communities that support them (corporate social responsibilities)  The King Code prescribes that companies concentrate on the triple- bottom line and not just profits. They are expected to put back into the community as well as the environment.  Positive publicity will improve their image and their support. 4 Provide a different benefit of each of the programmes proposed, to the company. TWO points each   Programme 1 Developing staff will motivate them and encourage them to be more productive. Staff development is human investment. May lead to better productivity in future. Will encourage younger generation to compete for positions by improving their skills. Programme 2 Improve the image of the company in the eye of investors More exposure of the company Tax deductible BEE points 4 TOTAL MARKS 60 Copyright reserved Please turn over ### Page 13 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 13 QUESTION 5: CASH FLOW AND INTERPRETATION 5.1.1 CASH GENERATED FROM OPERATIONS Net profit before tax 1 230 000  Adjustments in respect of: Depreciation 950 000 Interest expense 144 150  Operating profit before changes in working capital operation 2 324 150  Changes in working capital operation 59 400  Decrease in inventory (1 044 700 – 903 900) 140 800  Increase in debtors 70 950 208 150 – (70 000  + 950 ) (137 200) * 889 000 two marks Increase in creditors (944 800  – (860 700  +28 300 ) 55 800 * Cash generated from operations operation 2 383 550  The figure and the brackets (or no brackets) must be correct to earn the mark in the money column. *one part correct 15 5.1.2 CASH FLOWS FROM INVESTING ACTIVITIES operation (1 853 900)  Purchase of fixed assets (3 616 400  + 225 000  + 950 000  – 2 300 000  (2 491 400)  Proceeds of sale on non-current assets 225 000  Decrease in investments (712 500 – 300 00) 412 500  10 5.1.3 CASH FLOWS FROM FINANCING ACTIVITIES operation 988 000  Proceeds from the issue of shares 520 000  Repurchase of shares (588 000 + 266 000 ) (854 000) * Proceeds from long-term borrowings (1 622 000 – 300 000 ) 1 322 000  7 Copyright reserved Please turn over ### Page 14 Downloaded from hlayiso.com 14 ACCOUNTING (EC/SEPTEMBER 2019) 5.1.4 NET CHANGE IN CASH AND CASH EQUIVALENTS operation 131 000  Cash and cash equivalents – beginning of year (– 62 000  + 1 000 ) (61 000)  Cash and cash equivalents – end of year 70 000  5 5.2 Calculate the following financial indicators for 2019: Acid test ratio 327 150 two marks 1 231 050  – 903 900  : 944 800  0,35 : 1 one part correct accept 0,4 : 1 4 Debt-equity ratio 3 345 800 two marks 1 622 000 : 1 932 000  + 1 413 800  0;48 :1 one part correct accept 0,5:1 4 Net asset value per share 3 345 800 two marks 1 932 000  + 1 413 800  x 100 = 363,67 or 364 cent one part correct 920 000  4 Percentage return on total capital employed: 1 230 000 + 144 150 _ x 100 = 32,6  one part correct ½ (4 967 800  + 3 456 000 ) 4 211 900 five marks 8 5.3 It was a good decision for the directors to increase the loan. Explain by quoting TWO financial indicators with figures to support the director’s decision. Financial indicator   and Figure   Explanation   The debt-equity ratio increases from 0,1 : 1 to 0,5 : 1. The return on total capital increase from 21,2% to 32,6% (see 5.2) Explanation Although the business is making greater use of loans than last year as reflected by the increase in the debt/equity ratio, ROTCE is much higher than the interest rate (cost of the loan). Debt-equity ratio is lowly geared and the return on capital employed is 32,6% and is much higher than the 15% interest on loan. Positively geared. 6 Copyright reserved Please turn over ### Page 15 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 15 5.4 One of the shareholders want to sell their shares at 550 cents per share. Explain why the business should not repurchased these shares. Quote TWO financial indicators (with figures) to support your opinion. Financial indicator   and Figure    The NAV of 363,7 or 364 (see 5.2) is less than the 550 cents  Market value of 380 cents is lower than the 550 cents  This shareholder would not even be able to sell these shares on the JSE.  Although there is an upward trend in the MP and the NAV, it is still not good practice to pay an amount that is way above the share price. 4 5.5 Identify TWO major decisions taken by the directors, as evident from the Cash Flow Statement. Quote figures. Explain how these decisions would benefit the business in future. Decision   Figures   Benefit    Decision Benefit Fixed assets were bought for These could generate profits in R2 491 400. see 5.1.2 future if they are well used and maintained. Loan was increased by The still low risk can attract R1 322 000. see 5.1.3 potential investors. This could be used to finance fixed assets. New shares were issued. This increased the capital, Cash increase by R520 000. therefore no need to go back into overdraft. Shares were re-purchased, This would raise the NAV, EPS + R854 000 was spent. see 5.1.3 DPS because the numbers of shares are lower. Fixed assets were sold for Got rid of unused or high R225 000. maintenance assets. The money could be used better elsewhere. 8 Copyright reserved Please turn over ### Page 16 Downloaded from hlayiso.com 16 ACCOUNTING (EC/SEPTEMBER 2019) 5.6 Calculate the amount of dividends she obtained this year. 20 000 x 0,33 = R6 600  2 Explain to her why you think the directors changed the dividend pay-out policy this year. Quote figures. Explanation  figures  The company paid out 89,3% of EPS last year as they had no/little plans for improvement in the business. They decided to retain 58,8% of the EPS this year as they have plans to expand the business which will in turn result in greater profits in the long run. They want to use funds from operations to improve the business rather than increase the loan or issue new shares. Their plans would have been explained in the directors’ report so that shareholders would buy into the proposals. 3 TOTAL MARKS 80 Copyright reserved Please turn over ### Page 17 Downloaded from hlayiso.com (EC/SEPTEMBER 2019) ACCOUNTING 17 QUESTION 6: CASH BUDGET 6.1 Provide ONE point why is it a good idea to compare actual figures against budgeted figures. Any ONE valid response  To reflect on whether your projected receipts and payments have been realistic or well controlled. To improve future projections. To determine variances between projections and actual amounts. To be able to control receipts and payments on a monthly basis. 2 6.2 Identify TWO items that were incorrectly entered in the Cash Budget. Depreciation  Vehicle bought on credit  2 6.3 Complete the debtors Collection Schedule for July 2019 Collections: Months Credit sales July 2019 May 180 000 32 400 June 252 000 126 000 July 288 000 84 240 operation 242 640 7 6.4.1 Percentage increase in salary and wages with effect from July 2019. Workings Answer 16 200  X 100 12%  135 000  one part correct 3 6.4.2 Missing figures, (i) and (ii) in the extract of the Cash Budget. Workings Answer (i) 78 750  420 000  x 100/160  x 30/100  one part correct 262 500 two marks (ii) 480 000  x 100/160  x 70/100  210 000  300 000 two marks one part correct 8 Copyright reserved Please turn over ### Page 18 Downloaded from hlayiso.com 18 ACCOUNTING (EC/SEPTEMBER 2019) 6.5 Explain what you would mention to shareholders about each of the following items at the end of July 2019. In each case advise what effect these items will have on the company. Any valid responses Explanation one mark per item  Advice one mark per item  EXPLANATION ADVICE Audit fees: Change of auditors/ audited twice Under budget / overspent will eliminate fraud and assure Poor internal auditing resulting in a shareholders that their investment longer and expensive external is protected against any fraudulent audit process. activities. Improve the internal audit. Company need to appoint an internal auditor who would set up efficient internal control processes that meet the standards of external auditors. Advertising: Consider the implications of not The amount budgeted, R30 000, advertising. It is important to has not been used. advertise in order to attract Underspent / under the budget customers and possibly improve sales. Use the budget more effectively to improve sales; or adjust the budget if found to be ineffective. July sales increased by 60 000 (14%) of the previous month so not spending may have been a deliberate decision. 4 6.6 Shareholders are thinking of purchasing the business premises rather than renting it. Explain ONE major advantage and ONE major disadvantage of this option. Advantage  Saving on rent / Earn capital gains as property increases in value Disadvantage  Repairs and maintenance to be paid/ additional loans will be required to finance this option. 4 TOTAL MARKS 30 TOTAL: 300 Copyright reserved Please turn over ## Related documents - [Accounting May June 2019 Memo Afr](https://www.hlayiso.com/library/accounting-may-june-2019-memo-afr/ed486733-40e7-4e41-b644-90581e5e113f) — Accounting · Memo · 2019 · Afr - [ACCOUNTING P2 GR12 MEMO SEPT 2022 Afrikaans](https://www.hlayiso.com/library/accounting-p2-gr12-memo-sept-2022-afrikaans/b8060326-1d99-4ab4-b3d0-670339bf9763) — Accounting · Memo · 2022 · Afr - [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 P2 GR12 MEMO SEPT 2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-memo-sept-2020-english/b6d54b19-200a-4cbf-aaad-8df18fd74e19) — Accounting · Memo · 2020 · Eng - [ACCOUNTING GR12 MEMO SEPT2018 English](https://www.hlayiso.com/library/accounting-gr12-memo-sept2018-english/5bfe8f07-1121-4aad-8146-327c580e81de) — Accounting · Memo · 2018 · Eng - [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 ## 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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