# Accounting Grade 11 P1 Eastern Cape November 2025 Memo (Eng) > Grade 11 Accounting Paper 1 memorandum from the Eastern Cape November Exam 2025 (English), 8 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-p1-gr11-nov-2025-memo-english-watermark/0a3b86b5-9c1a-45e1-b5f6-df746b07103d - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 11 - Language: English - Document type: Memorandum - Year: 2025 - Exam period: Eastern Cape November Exam - Paper: 1 - Curriculum: CAPS - Pages: 8 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 11](https://www.hlayiso.com/library/grade-11) › [Accounting](https://www.hlayiso.com/library/grade-11/accounting) › [Accounting Grade 11 P1 Eastern Cape November 2025 Memo (Eng)](https://www.hlayiso.com/library/accounting-p1-gr11-nov-2025-memo-english-watermark/0a3b86b5-9c1a-45e1-b5f6-df746b07103d) ## About this document Accounting · Grade 11 · Eastern Cape November Exam · 2025 · English. Memorandum, 8 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 NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2025 ACCOUNTING P1 MARKING GUIDELINE MARKS: 150 MARKING PRINCIPLES: 1. Unless otherwise stated in the marking guideline, penalties for foreign items are applied only if the candidate is not losing marks elsewhere in the question for that item (no penalty for misplaced item). 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. Unless otherwise stated, give full marks for correct answer. If answer incorrect, mark workings. 4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark as a working mark for that figure (not the method mark for the answer). Note: if figures are stipulated in marking guideline 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. If candidates provide more than the required number of responses, inspect all responses to give benefit to the candidate. Penalties may be applied for foreign entries if candidates earn full marks on a question (max -2 per Q). 8. Where penalties are applied, the final marks for that section of the question cannot be a negative total. 9. Where method marks are awarded for operation, marker must inspect the reasonableness of the answer. 10. Operation means 'check operation'. 'One part correct' means operation and one part correct. Note: check operation must be +, -, x, ÷, as per candidate’s calculation (if valid) or per marking guideline. 11. In calculations: do not award marks for workings if numerator & denominator are swapped. This also applies to ratios. 12. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect at least in part. Indicate with a . 13. Be aware of candidates who provide valid alternatives beyond the marking guideline. Note that one comment could contain different aspects. 14. Codes: f = foreign item; p = placement/presentation. This marking guideline consists of 8 pages. ### Page 2 2 ACCOUNTING P1 (EC/NOVEMBER 2025) QUESTION 1 1.1 CONCEPTS 1.1.1 Generally Accepted Accounting Practice (GAAP)  1.1.2 Depreciation  1.1.3 Scrap value / residual value  1.1.4 Matching  4 1.2.1 Calculate the profit or loss on sale of the vehicle. WORKINGS ANSWER 126 000 x 20% x 8/12 = 16 800  CV = 126 000- 16 800 = 109 200 (11 200)  One part correct May not be in brackets P/L = 98 000 – 109 200  5 1.2.2 Calculate total depreciation on vehicles for the year ended 30 June 2025. WORKINGS ANSWER Sold = 16 800  see 1.2.1 Old = (580 000 – 210 000 – 126 000) x 20% = 48 800 OR (580 000 – 220 000) – (210 000 – 94 000) x 20% 77 600  New = 180 000 x 20% x 4/12 = 12 000  one part correct 6 Copyright reserved Please turn over ### Page 3 (EC/NOVEMBER 2025) ACCOUNTING P1 3 1.3 Statement of Comprehensive Income for the year ended 30 June 2025. Sales (8 230 200 – 2 200 ) 8 228 000  Cost of sales (8 230 200 x 100/220) (3 741 000)  Gross profit check operation 4 487 000  Other operating income 88 855  Bad debts recovered 5 100 Rent income (98 800  – 16 200 ) 82 600  #Provision for bad debts adj. (9 296 – 8 141) 1 155  Gross operating income check operation 4 575 855 ⃰ Operating expenses ignore brackets (1 014 135)  Salaries and wages (512 500 + 20 000  + 2 200) 534 700  Sundry expenses 174 500 Water and electricity (16 500 + 405) 16 905  Bad debts (7 100 + 3 080) 10 180  Insurance (89 600 – 23 100 ) 66 500  Repairs (11 600 + 3 800 ) 15 400  Consumable stores 13 250  $Loss on sale of asset see 1.2.1 11 200  Depreciation (77 600  + 89 400 ) 167 000  see 1.2.2 must add 89 400 Trading stock deficit (264 000 – 259 500) 4 500  Operating profit check operation 3 561 720 ⃰ Interest income (4000 + 8 750 ) 12 750  Profit before interest expense 3 574 470  Interest expense balancing figure (170 000) ⃰ Net profit for the year 3 404 470 40  one part correct #can be shown as exp. Check learner’s workings $ can be shown as income, check workings in 1.2.1 55 Copyright reserved Please turn over ### Page 4 4 ACCOUNTING P1 (EC/NOVEMBER 2025) QUESTION 2 OSLO TRADERS 2.1 TRADE AND OTHER RECEIVABLES NOTE Trade debtors (226 000 + 3 800  + 2 800 ) 232 600  Provision for bad debts (7 000)  Net Trade debtors 225 600 Accrued income (insurance claim) (18 000 x 80%) 14 400  240 000  7 2.2 CURRENT ACCOUNT NOTE ON 28 FEBRUARY 2025. OSLO TRADERS Osna Long Partner’s salaries 360 000 373 500  Bonus 30 000  34 500  Interest on capital 45 000  60 000 Primary distribution 435 000  468 000  Secondary distribution 77 220  85 800 Net profit as per SOCI 512 220  553 800  Drawings (159 200) (96 200)  Retained earnings 353 020  457 600  Balance at the beginning of the year 34 800 (28 900) Balance at the end of the year 387 820  428 700  18  check operation Copyright reserved Please turn over ### Page 5 (EC/NOVEMBER 2025) ACCOUNTING P1 5 2.3 Statement of Financial Position on 28 February 2025 R Assets Non- current assets Fixed assets (1 864 500 - 7 600  - 1 400 ) 1 855 500 * Financial assets: Fixed deposit Current assets 665 200 * Inventories (296 400 + 1 200 -18 000 ) 279 600 * Trade and other receivables see 2.1 240 000  Cash and cash equivalents(140 000  + 5 600 ) 145 600  Total assets Equity and Liabilities Owners’ Equity 1 766 520 * Capital 950 000  Current accounts (387 820 + 428 700) see 2.2 816 520  Non-current liabilities 614 200 Loan 614 200 * (808 600 - 230 400 + 96 000 – 60 000 ) Current liabilities (665 200 see current assets ÷ 2.5) 266 080  Trade and other payables 138 250  (119 800 + 3 800  + 6 900  + 7 750 ) Bank overdraft balancing figure 67 830 * Current portion of loan 60 000  Total equity and liabilities 25 *one part correct 50 Copyright reserved Please turn over ### Page 6 6 ACCOUNTING P1 (EC/NOVEMBER 2025) QUESTION 3 3.1 CONCEPTS 3.1.1 Return on equity  3.1.2 Operating efficiency  3.1.3 Gearing  3.1.4 Solvency  4 3.2 Calculate the following financial indicators for the year ended 31 December 2025. Show all calculations. 3.2.1 Operating expenses on sales WORKINGS ANSWER 334 400  x 100 19%  1 760 000  one part correct 3 3.2.2 Acid-test ratio WORKINGS ANSWER 236 000  + 165 600  : 596 000  0,67 : 1 / 0,7:1  one part correct, must be x:1 4 3.2.3 Stock-turnover rate WORKINGS ANSWER 1 760 000 – 660 000 . 1 100 000  ½  (304 000 + 256 000)  3,9 times  one part correct 5 3.3.1 Comment on whether the decision taken by the partners regarding the mark-up % achieved, benefitted the business or not. Quote figures. One valid point relating to sales with figures  It benefited the business, sales increased from 1 410 000 to 1 760 000/ by 350 000/ by 24,8% 2 Copyright reserved Please turn over ### Page 7 (EC/NOVEMBER 2025) ACCOUNTING P1 7 3.3.2 Comment on the stock-holding period of the business and its average debtors’ collection period. Figures and trends   ● Stock-holding period increased from 68 days to 94 days. ● Average debtors’ collection period increased from 32 days to 45 days. Suggest ways in which these can be improved in future. Any one valid point relating to stock-holding period  Point 1 Advertise stock / Sales promotions / Reduce selling price or mark-up to increase sales / Purchase these products according to orders. Any one valid point relating to debtors’ collection period  Point 2 Send reminders to debtors / charge interest for late payments / offer discount for early payments / Stop selling on account to debtors until they settle outstanding amounts. 6 3.3.3 Partner Asmal is of the opinion that it was beneficial to the business to pay the loan during the year. Comment on how this decision has affected the risk of the business. Quote ONE financial indicator. Financial indicator  figures and trend  effect on risk  Debt equity ratio decreased from 0,7:1 to 0,6 :1. Still in high financial risk. 3 Besides paying off the loan, what other avenues can partners explore that will impact positively on the financial risk of the business? State TWO points. Any two valid points   ● Increase their capital contributions ● Taking on a new partner/s 4 3.3.4 Should partner Yamiz be satisfied with the returns he is getting from the partnership? Comment and quote one financial indicator. Comment on return earned by Yamiz  Comparison to interest on alternative investment  Return earned by Yamiz increased from 20,4% to 25%. Return earned by Yamiz (25%) is above interest on fixed deposit of 12,5% which indicates that investment in the business is better. 4 35 Copyright reserved Please turn over ### Page 8 8 ACCOUNTING P1 (EC/NOVEMBER 2025) QUESTION 4 4.1 Explain what is meant by the term ‘Business Ethics’? Any one valid point  Business ethics are sets of rules and conduct that provides a distinction between right and wrong behavior in the business environment. 2 4.2 Which GAAP principle did Roman contravene when he took a laptop from the business, but did not record this transaction. Briefly explain this principle to support your answer. Identification of correct GAAP principle  Explanation relating to the correct principle identified  Business entity rule: Business affairs should be kept or recorded separately from the financial affairs of the owners / When goods or cash are taken by the owner for personal use, these should be recorded as drawings in the books of the business. 2 4.3 Explain what concerns should Jose have when he finds out about his partner’s actions. State THREE points. Open-ended question: Any THREE valid points    Part marks for unclear/ incomplete answers • Roman acted in an unethical manner for his personal gain/conflict of interest and should face disciplinary measures. • Roman caused financial loss to the business for his selfish benefit/He should pay back the money he unlawfully benefited from, at the expense of the business. • He did not follow business code of conduct and ethics/Criminal charges 6 should be placed against him 10 TOTAL: 150 Copyright reserved Please turn over ## Related documents - [ACCOUNTING P1 GR11 QP NOV 2023 English watermark](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english-watermark/114f97da-f00d-48e5-b867-cc2fbc9acf2c) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR11 QP NOV 2023 English](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english/4a9ed09a-c470-41c0-8d03-0f4bd2f3f6c6) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR11 MEMO NOVEMBER 2022 English](https://www.hlayiso.com/library/accounting-p1-gr11-memo-november-2022-english/88d6eef7-a681-4de5-9666-b667a0f71a40) — Accounting · Memo · 2022 · Eng - [ACCOUNTING P2 GR11 QP NOV2023 English](https://www.hlayiso.com/library/accounting-p2-gr11-qp-nov2023-english/f476ab04-a9d8-48f8-8d61-d147a95b251f) — Accounting · QP · 2023 · Eng - [ACCOUNTING ANS BOOK GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-ans-book-gr11-nov-2025-eng-watermark/23071d73-1633-476d-9eea-a35d45360d61) — Accounting · QP · 2025 · Eng - [ACCOUNTING P2 QP GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr11-nov-2025-afr-watermark/c1345715-0e44-4f64-9844-4e1a4ca18c22) — Accounting · QP · 2025 · Afr ## More from Grade 11 Accounting - [GR11 Accounting Practice exam November Paper 1](https://www.hlayiso.com/library/gr11-accounting-practice-exam-november-paper-1/a786fffb-f00d-472f-a62b-80f038063c5b) — Guide - [Grade 11 Accounting P2 November 2026 Mock](https://www.hlayiso.com/library/grade-11-accounting-2026-november-mock-exam-question-paper-paper-2/23b01a3d-4c7f-4c08-87ca-2f521d5b13fd) — QP · 2026 · Eng - [LP Accounting Grade 11 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-11-march-2025-qp-and-memo/e029a6c5-e494-4ee4-85f6-bf55d1d8442b) — QP + Memo · 2025 - [Gr 11 Accounting P1 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-11-accounting-p1-english-june-2024-question-paper/6f46b4c9-08af-40d5-bbfc-8e5e70b68734) — QP · 2024 · Eng - [Gr 11 Accounting P2 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-11-accounting-p2-english-june-2024-question-paper/b649cfc1-b72f-4e45-b621-502673440d1c) — QP · 2024 · Eng - [Grade 11 ACC P1 (English) June 2023 Answerbook](https://www.hlayiso.com/library/grade-11-acc-p1-english-june-2023-answerbook-1/888a682a-0a7a-4301-8989-c137240cf50d) — Addendum · 2023 · Eng ## Collection - [Grade 11 past papers](https://www.hlayiso.com/grade-11/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.