# Accounting Grade 12 P1 Eastern Cape Mock 2021 Question Paper > Grade 12 Accounting Paper 1 question paper from the Eastern Cape Mock Exam 2021, 9 pages. Read online or get the free PDF download, memo linked when available. - Page: https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-xhosa/32438e18-d89c-4284-a22e-398f4729c980 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Document type: Question paper - Year: 2021 - Exam period: Eastern Cape Mock Exam - Paper: 1 - Curriculum: CAPS - Pages: 9 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 P1 Eastern Cape Mock 2021 Question Paper](https://www.hlayiso.com/library/accounting-p1-gr12-ansbk-sept-2021-xhosa/32438e18-d89c-4284-a22e-398f4729c980) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2021. Question paper, 9 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 Igama: NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBA 2021 ACCOUNTING P1 INCWADI YOKUPHENDULELA MARKS MODERATED UMBUZO MAX. MARKS OBTAINED MARKS 1 15 2 60 3 40 4 35 150 Le ncwadi yokuphendulela inamaphepha ali-9. ### Page 2 Downloaded from hlayiso.com 2 ACCOUNTING P1 (INCWADI YOKUPHENDULELA) (EC/SEPTEMBA 2021) UMBUZO 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2 INGXELO YOPHICOTHO-ZINCWADI (AUDIT REPORT) 1.2.1 Chonga uhlobo lwengxelo kwaye uchaze ukuba kutheni le nto ingxelo ikhutshwe ngumphicothi zincwadi. 2 1.2.2 Chaza amanqaku amaBINI ukuba kutheni abanini zabelo beya kuxhalaba malunga nenkampani efumana ingxelo enjalo. 4 1.2.3 Umphathi omkhulu (CEO) ucele ukuba umphicothi zincwadi awucwangcise lo mnikelo ‘njengeendleko ezininzi’ kwaye ahlengahlengise uluvo lophicotho-zincwadi ngokufanelekileyo. Nika izizathu EZIMBINI zokuba kutheni umphicothi zincwadi engavumelani neli cebiso. 4 Ilungelo loshicilelo likhuselwe Tyhila ### Page 3 Downloaded from hlayiso.com (EC/SEPTEMBA 2021) ACCOUNTING P1 (INCWADI YOKUPHENDULELA) 3 1.2.4 Ngaphandle kwale micimbi ikhankanywe apha ngasentla, cacisa ukuba kutheni le nkampani iza kutyholwa ngolawulo olungeluhle lweshishini. 2 EWONKE 15 Ilungelo loshicilelo likhuselwe Tyhila ### Page 4 Downloaded from hlayiso.com 4 ACCOUNTING P1 (INCWADI YOKUPHENDULELA) (EC/SEPTEMBA 2021) UMBUZO 2 Ingxelo (statement) sengeniso epheleleyo (Comprehensive Income) 2.1 nge 28 February 2021 Intengiso Iindleko zentengiso Gross profit Enye ingeniso Isaphulelo esifunyenweyo 14 000 Gross income Iindleko zokusebenza Ukuhla kwexabiso 86 010 Sundry expenses Inzuzo yokusebenza Ingeniso yenzala 23 400 Profit before interest expense Net profit before income tax Income tax Net profit after tax 689 310 36 Ilungelo loshicilelo likhuselwe Tyhila ### Page 5 Downloaded from hlayiso.com (EC/SEPTEMBA 2021) ACCOUNTING P1 (INCWADI YOKUPHENDULELA) 5 2.2 RETAINED INCOME Ibalans yange 1 March 2020 Inzuzo emva kwe rhafu 689 310 Ordinary share dividends Izabelo zethutyana 126 000 Balans nge 28 February 2021 7 2.3 Icandelo le-EQUITY kunye NAMATYALA le *show significant items separately under Current liabilities SHAREHOLDERS EQUITY Ordinary share capital Retained income Non-current liabilities Current liabilities Urhwebo nezinye ezihlawulwayo TOTAL EQUITY AND LIABILITIES 17 EWONKE 60 Ilungelo loshicilelo likhuselwe Tyhila ### Page 6 Downloaded from hlayiso.com 6 ACCOUNTING P1 (INCWADI YOKUPHENDULELA) (EC/SEPTEMBA 2021) UMBUZO 3 3.1 Bala oku kulandelayo kwe Cash Flow Statement ngomhla we 31 August 2021: 3.1.1 Utshintsho kwizinto ezihlawulwayo (bonisa ukuba yi inflow okanye outflow yemali) BALA IMPENDULO 4 3.1.2 Irhafu (Income tax) ehlawulweyo BALA IMPENDULO 4 3.1.3 Dividends paid BALA IMPENDULO 4 3.1.4 Imali evela kwizabelo ezinikezelweyo BALA IMPENDULO 5 3.1.5 Imali esetyenziselwe ukuphinda kuthengwe izabelo WORKINGS ANSWER 3 3.1.6 Ukratya (Increase) kwimali-mboleko WORKINGS ANSWER 4 Ilungelo loshicilelo likhuselwe Tyhila ### Page 7 Downloaded from hlayiso.com (EC/SEPTEMBA 2021) ACCOUNTING P1 (INCWADI YOKUPHENDULELA) 7 3.2 NET CHANGE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents (opening balance) Cash and cash equivalents (closing balance) 4 3.3 3.3.1 Bala: Acid-test ratio BALA IMPENDULO 3 3.3.2 Bala: % return on average shareholders’ equity BALA IMPENDULO 5 3.3.3 Bala: Dividend pay-out rate (%) BALA IMPENDULO 4 EWONKE 40 Ilungelo loshicilelo likhuselwe Tyhila ### Page 8 Downloaded from hlayiso.com 8 ACCOUNTING P1 (INCWADI YOKUPHENDULELA) (EC/SEPTEMBA 2021) UMBUZO 4 4.1 4.1.1 4.1.2 4.1.3 3 4.2.1 Chonga inkamapani eyeyona ine-efficient liquidity position. Caphula uchaze zibe NTATHU i financial indicators ukuxhasa oko ukukhethileyo. INKAMPANI: FINANCIAL INDICATORS KUNYE NENKCAZA: 6 4.2.2 Umlawuli wase-Green Ltd ucinga ukuba inkampani imele ukuhlawula imali-mboleko ngokukhawuleza. Chaza ukuba ungathini kuye. Caphula ifinancial indicators ZIBEMBINI (kunye namanani) ukuxhasa uluvo lwakho. 6 4.2.3 Comment on the dividend pay-out rates of Green Ltd and Plaza Ltd, and provide a reason for the directors of each company deciding on those pay-out rates. Quote figures. 6 Ilungelo loshicilelo likhuselwe Tyhila ### Page 9 Downloaded from hlayiso.com (EC/SEPTEMBA 2021) ACCOUNTING P1 (INCWADI YOKUPHENDULELA) 9 4.2.4 Shareholding of Sandi Charley: USandi Charley ngumnini-zabelo kwinkampani ezimbini kwezi. Unamali engange-R800 000 afuna ukuyityala kwizabelo ezitsha. Zontathu ezinkampanii zigqibe ekongezeni izabelo nge-1 March 2021, zisebenzisa imarket price emiyo yange-28 February 2021. Bala ipesenti(%) yezabelo zikaSandi kwa Green Ltd ze uphawule (comment) kwiziphumo ozifumeneyo. BALA: PHAWULA: 4 Bala elona nani lincinci lezabelo ekufuneka elithengile kwaGreen Ltd kunye nemali anokuyisebenzisa. 6 Ungamcebisa njani u Sandi malunga nembono yakhe yokuthenga izabelo kwaPlaza Ltd? Nika iingongoma zibe MBINI. Caphula amanani (izikhombisi zemali) ukuxhasa iingcebiso zakho. 4 EWONKE 35 AMANQAKU EWONKE: 150 Ilungelo loshicilelo likhuselwe Tyhila ## Related documents - [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 - [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 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 P2 Nov 2020 Afr](https://www.hlayiso.com/library/accounting-p2-nov-2020-afr/11a416d1-5a4d-43f5-8e86-04e631d2a55d) — Accounting · QP · 2021 · Afr - [Accounting P2 QP Nov 2020 Eng D](https://www.hlayiso.com/library/accounting-p2-qp-nov-2020-eng-d/7a7e912d-274c-4600-8f33-8c3e779b6f8e) — Accounting · QP · 2021 · 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 (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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