Accounting Grade 10 KZN March Test 2026 Paper & Memo

EDUCATION REPUBLIC OF SOUTH AFRICA NATIONAL SENIOR CERTIFICATE a MARKS: 100 TIME : 1%Hours N.B: This question paper consists of 6 pages and special answer booklet of 6 pages. Copyright Reserved Please Turn Over

Downloaded from Stanmorephysics.com INSTRUCTIONS AND INFORMATION 1. You are provided with a question paper and an ANSWER BOOK. 2. This question paper comprises of FOUR compulsory questions. Answer ALL the questions. 3. Use the format provided in the answer book in order to reflect your answers. DO NOT WRITE ON SHADED AREAS OF THE ANSWERBOOK. 4. Where applicable-workings must be shown in order to achieve part-marks. 5. You must attempt to comply with the suggested time allocation guide. 6. Non-programmable calculators may be used. ve You may use dark pencil or blue/black ink to answer the questions. QUESTION | TOPICS MARKS MINUTES 1 Analysis of Transactions in the Accounting Equation 25 23 2 Cash Journals: Cash Receipts Journal and Cash Payments Journal 40 36 3 Debtors Ledger 15 13 4 Control of Trading Stock and Problem Solving 20 18 TOTAL 100 90

Accourfynloaded from Stanmorephysics.com March 2026 Common Test/KZN QUESTION 1 (25 Marks; 23 Minutes) ANALYSIS OF TRANSACTIONS You are provided with information relating Njoko Stores for the month of January 2026. REQUIRED: Analyse the following transactions according to the columns provided. Assume that the bank balance is favourable at all times. Example: Paid Telehome via EFT R565 for telephone. General Ledger Accounting Equation No. Account Account Amount A= O+ L debited Credited e.g. Telephone Bank 565 : - 0 Transactions: 1. Write off the account of S.Sibiya for R1 500 as irrecoverable, 2. A creditor Mzobe stores allowed the business to Teduce price on goods purchased on credit that were not in the order form, R 755 7 3. The owner took goods for personal use, the selling price for these goods was R3 000. The mark-up used was 50% on cost price. 4. The owner increased his capital contribution by depositing R 80000 into business bank account. 5. Received R3 450 from a debtor who partially paid his account. Copyright Reserved Please Turn Over

Accouraynlioaded from Stanmorephysics.com March 2026 Common Test/KZN QUESTION 2 (40 Marks; 36 Minutes) CASH JOURNALS Use the following transactions to complete the Journals of Last Time Traders for the month of February 2026, the business is owned by Tuffy Bear. REQUIRED: 2.1. Cash Receipts Journal (CRJ) (16) 2.2. Cash Payments Journal (CPJ) (24) N.B: DO NOT CAST OFF THE JOURNALS, DO NOT TOTAL THE JOURNALS Extract of Transactions for the Month of February 2026: 02 The owner Tuffy Bear made EFT for R156 000 into the business bank account to increase her capital contribution, receipt no.51 issued Received an EFT from Bhunu Bank for the Fixed deposit that has matured R78 600, this included R3 600 interest on fixed deposit, receipt no.52,.was issued 04 Paid Mkharaj Stores, a creditor R15 000 EFT 120 was made, discount of R 1 250 was received. 07 Paid weekly wages via EFT 123, Total wages for the month of (February 2026 totaled to R7 600) 14 Bought the following via EFT 125 from cet e Merchandise R20 000 a cash di ,5% Was granted. e Two office computers R14300 e Goods sold for cash according to CRT 05, the cost price for the goods was R28 000, and the mark-up 75% was used. 20 Paid VES Bank R12 000 as monthly payment for the loan, interest of R1 740 was also paid via EFT 127 24 Received R5 700 from a debtor S. Sambo as part payment of her account after allowing her 5% discount. Receipt no.53 was issued 28 The bank statement received from VES Bank revealed the following: EFT charges R 690 Cash.deposit fees R 390 Internet banking fees R 180 Service fees R 275 Interest on overdraft R 830 Debit card payment of R7 900, this was made by owner Tuffy Bear to pay for her private car service cost and fuel. Copyright Reserved Please Turn Over

Accouraynioaded from Stanmorephysics.com March 2026 Common Test/KZN QUESTION 3 (15 marks; 13 Minutes) DEBTORS’ LEDGER The following information was extracted from the accounting records of Bonginhlanhla Traders on March 2026. Required: 3.1 Prepare the account of |. Khan in the Debtors Ledger of Bonginhlanhla Traders on March-2026. (15) Information: A Transactions for March 2026 Amount 1__| Balance on 1 March 32 400 5__| Invoice no. 45 issue for goods sold on account 9 800 10 | Credit note no.01 was issued to |. Khan for goods that were damaged on transit 1 400 15 | Received a payment to settle the account as at 1 Marchl2026, discount of 5% was allowed for prompt payment, Receipt no 20 ? 28 | Invoice no. 51 issued for goods sold on ——-° a trade discount of R700 was granted. ’ 2? 31 | Journal voucher 07 was issued for the van oat balance to his account in the creditor's ledger 2 450 Copyright Reserved Please Turn Over

Accouraynlioaded from Stanmorephysics.com March 2026 Common Test/KZN QUESTION 4 20 Marks; 18 Minutes 4.1 CONTROL OF TRADING STOCK AND PROBLEM SOLVING You are provided with information from the books of MST Traders a business that buys and sells school bags for two months January and February 2026. The business is owned by Mumu Bear, she took some decisions regarding school bags during the re-opening of schools in January 2026. REQUIRED: Provide relevant figures for ALL the questions below. 441 Calculate the cost price of school bags in February 2026. (4) 4.2 What decision did Mumu Bear took regarding the selling price of school bags in February 2026? Quote figures (3) 4.3 Explain how this decision affected the sales, the profit of the business and the movement of stock’ of schoo! bags? State THREE points with figures. A (9) LY 44 Mention TWO strategies that Mumu Bear can use to improve this in future sreph (4) INFORMATION: SCHOOL BAGS FEBRUARY JANUARY 2026 2026 Selling prices R 405 R 300 Cost price 2 R 187 Mark — up percentage 80% 60% Units available to be sold 1125 900 Units sold 510 840 Units unsold (On hand) 615 60 Total sales R137 700 R168 000 Gross profit R61 200 R63 000 20 TOTAL MARKS: 100 Copyright Reserved Please Turn Over

Downloaded from Stanmorephysics.com KWAZULU-NATAL PROVINCE EDUCATION REPUBLIC OF SOUTH AFRICA NATIONAL SENIOR CERTIEICATE MARKS: 100 TIME : 1%Hours Name: Grade: . : Questions | Learners Mod Question Topic Mark Mark 1 Analysis of Transactions 25 2 Cash Journals 40 3 Debtors Ledger 15 4 Control of Trading Stock and Problem Solving 20 TOTAL 100 N.B. This special answer booklet consists of 6 pages. (Copyright Reserved Please Turn Over

Accountingewsehonded from Stanmorephysics.com March 2026 Common Test/KZN NS QUESTION 1 General Ledger Accounting Equation No. Account Account Amount A =O +L debited Credited Ae I 2: SS 3; Trading Stock 4. j 5 ue’ 25 TOTAL MARKS 25 Copyright Reserved Please Turn Over

Accountingersahonded from Stanmorephysics.com QUESTION 2 March 2026 Common Test/KZN 2.1. CASH RECIEPTS JOURNAL OF LAST TIME TRADERS FOR FEBRUARY 2026 Doc | Day | Details Analysis of Bank Sales Cost of Debtors Control Sundry Accounts Receipt sales Receipts | Discount | Amount Details Allowed cae oe wd 16 2.2. CASH PAYMENTS JOURNAL OF LAST TIME TRADERS FOR FEBRUARY 2026 EFT | Day | Details Bank Wages Trading Creditors Control Sundry Accounts stock Payments | Discount Amount Details Received 24 TOTAL MARKS 40 Copyright Reserved Please Turn Over

Accountingewsehonded from Stanmorephysics.com March 2026 Common Test/KZN NS QUESTION 3 3.1 DEBTORS LEDGER OF BONGINHLANHLA TRADERS FOR MARCH 2026 I.KHAN Date Details Fol. Dr Cr Balance 2026 MAR | 1 Balance bid 32 400 15 TOTAL MARKS 15 Copyright Reserved Please Turn Over

Accountinewmealonded from Stanmorephysics.com March 2026 Common TestkZN NS QUESTION 4 41 Calculate the cost price of school bags in February 2026. Workings Answer 4.2 What decision did Mumu Bear took regarding the selling price of school bags in February 2026? Quote figures 4.3 Explain how this decision affected the sales, the profit of the business and the movement of stock of school bags? State THREE points with figures. One point on sales One point on profit One point on movement of stock Copyright Reserved Please Turn Over

Accountinewmealonded from Stanmorephysics.com March 2026 Common TestkZN NS 4.4 Mention TWO strategies that Mumu Bear can use to improve this in future TOTAL MARKS 20 TOTAL MARKS: 100 Copyright Reserved Please Turn Over

KWAZULU-NATAL PROVINCE EDUCATION REPUBLIC OF SOUTH AFRICA NATIONAL SENIOR CERTIFICATE Marks: 100 TIME: 1% Hours MARKING PRINCIPLES: 4, Unless otherwise stated in the marking guidelines, 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 is 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 guidelines 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. Va 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. 8. This marking guidelines is not for public distribution; as certain items might imply incorrect treatment. The adjustments made are due to nuances in certain questions. 9. Where penalties are applied, the marks for that section of the question cannot be a final negative. 10. Where method marks are awarded for operation, marker must inspect the reasonableness of the answer. 11. 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. 12. In calculations, do not award marks for workings if numerator and denominator are swapped - this also applies to financial indicators. 13. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect at least in part. Indicate by with a I 14. Be aware of candidates who provide valid alternatives beyond the marking guideline. Note that one comment could contain different aspects. 15. Codes: f = foreign item; p = placement/presentation. These marking guidelines consist of 6 pages. (Copyright Reserved Please Turn Over Tt

Accountingemaahonded from Stanmorephysics.com March 2026 Common Test/KZN NS QUESTION 1 General Ledger Accounting Equation No. Account Account Amount A =O * L, debited Credited 1.__| Bad debt V Debtors Control ¥ 1 500s" -¥ 0 2. _| Creditors control ¥ Trading stock ¥ 7155v | -v 0 vv 3. | Drawings ¥ Trading Stock 2000V¥ | -v aa 0 4. | Bankv Capital accountv 80000v | +v | +v ty) 5. Bank ¥ Debtors Control ~ 3450v | +v 0 0 “i 0 25 TOTAL MARKS Copyright Reserved Please Turn Over

Accountingendahonded from Stanmorephysics.com March 2026 Common Test/KZN QUESTION 2 2.1. CASH RECEIPTS JOURNAL OF LAST TIME TRADERS FOR FEBRUARY 2026 Doc | Day | Details Analysis of Bank Sales Cost of Debtors Control Sundry Accounts Receipt sales Receipts | Discount Amount Details Allowed 51 2__| Tuffy Bear 156 000Y 156 000v_| Capitalv” 52 | , Fixed -Bhunu Bank 78 600¥ 75 000 | Deposit” Interest on Fixed f 3 600v | Depositv 05 | 14 | Cash Sales 49 000 49 000M] | 49 000vv | 28 000v Seo-sales 53 24 | S. Sambo 5 700 5 700¥ 5700v | #300Vv = Er 16 2.2. CASH PAYMENTS JOURNAL OF LAST TIME TRADERS FOR FEBRUARY 2026 EFT | Day | Details Bank Wages Trading Creditors Control Sundry Accounts stock Payments | Discount Amount Details Received 120 4 Mkharaj 15 000 15 000V 1 250v Stores 123 | 7 | Cash 4 900M] | #1 900Vv ‘See wages 125 | 14 | Shodo LTD 46 900!) 18 300Vvv 28 600“ v | Equipmenty 127 | 20 | VES Bank 13 740V 12 000v_| Loan v 1740v | Interest on loanv’ B/S | 28 | VES Bank 1535Vv 1535” | Bank charges BIS. VES Bank 830 830v | Interest on overdraftv BIS VES Bank 7 900 7. 900¥ | DrawingsY Copyright Reserved TOTAL MARKS 24 Please Turn Over

Accountingremsehonded from Stanmorephysics.com March 2026 Common Test/KZN NS QUESTION 3 3.1 DEBTORS LEDGER OF BONGINHLANHLA TRADERS FOR MARCH 2026 I. KHAN Date Details Fol. Dr Cr Balance 2026 MAR | 1 Balance b/d 32 400 42 200 5 Invoice no. 45 DJ 9 800v 40 800 10 | Credit note no. 01 DAJ 1 400v 10 020, 15 | Receipt no. 20 CRJ 30 780vv en 8 400] 15 | Discount allowed CRJ 1 620vv 15 700¥| 28 | Invoice no. 51 DJ 7 300vv 18 150v| 31 | Journal voucher no. 07 GJ 2450v 15 TOTAL MARKS 15 Copyright Reserved Please Turn Over

Accountingensae hon de dl from Stanmorephysics.com March 2026 Common Test/KZN NS QUESTION 4 41 Calculate the cost price of school bags in February 2026. Workings Answer 405v__x 100 225vM 180V 4.2 What decision did Mumu Bear took regarding the selling price of school bags in February 2026? Quote figures Any ONE valid explanation vv Relevant figures Vv Increased the selling price by R105 (R300 — R405) OR Increased the mark-up percentage by 20% (60% - 80%) 4.3 Explain how this decision affected the sales, the profit of the business and the movement of stock of school bags? State THREE points with figures. One point on sales Any ONE valid explanation vv Relevant figures Vv Sales decreased by R30 300 (R168 000 — R137 700) OR Units sold decreased by 330 units (840510) One point on profit Any ONE valid explanation YY Relevant figures v Gross profit decreased by R1 800 (R63 000 — R61 200) One point on movement of stock Any ONE valid explanation vv Relevant figures v Number of units unsold/ on hand increased by 555 (60 — 615) Copyright Reserved Please Turn Over

Accountingremsehonded from Stanmorephysics.com March 2026 Common Test/KZN NS 4.4 Mention TWO strategies that Mumu Bear can use to improve this in future Any TWO valid explanation vv vv Change to cheaper suppliers Buy from local suppliers to save on transport cost Buy in bulk to benefit on discount Advertise more regular Buy recent school bags which are more popular with customers/learners Reduce the selling price Any relevant answer 4 TOTAL MARKS 20 TOTAL MARKS: 100 Copyright Reserved Please Turn Over