# Accounting Grade 10 P1 November Mock Exam 2 2026 Addendum > Grade 10 Accounting Paper 1 addendum from the November Mock Exam 2 2026 (English), 8 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/grade-10-accounting-2026-november-mock-exam-2-answer-book-paper-1/3312807c-6e7e-4245-94b1-2ab99c2d85b9 - Updated: 2026-10-29 - Subject: Accounting - Grade: Grade 10 - Language: English - Document type: Addendum - Year: 2026 - Exam period: November Mock Exam 2 - Paper: 1 - Publisher: Hlayiso - Curriculum: CAPS - Pages: 8 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 10](https://www.hlayiso.com/library/grade-10) › [Accounting](https://www.hlayiso.com/library/grade-10/accounting) › [Accounting Grade 10 P1 November Mock Exam 2 2026 Addendum](https://www.hlayiso.com/library/grade-10-accounting-2026-november-mock-exam-2-answer-book-paper-1/3312807c-6e7e-4245-94b1-2ab99c2d85b9) ## About this document Accounting · Grade 10 · November Mock Exam 2 · 2026 · English. Addendum, 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 STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 10 NOVEMBER EXAMINATION 2026 (MOCK) SPECIAL ANSWER BOOK WWW.HLAYISO.COM QUESTION MARKS INITIAL MOD. 1 30 2 50 3 40 4 30 TOTAL This answer book consists of 8 pages. Copyright reserved Please turn over ### Page 2 Accounting/P1 2 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 1 1.1.1 1.1.2 1.1 1.1.3 5 1.1.4 1.1.5 1.2 No. Account debited Account credited Amount A OE L e.g. Insurance Bank 1 600 − − 0 1.2.1 Bank Cost of sales Trading stock 1.2.2 Debtors’ allowances Trading stock Cost of sales 1.2.3 1.2.4 Interest on fixed deposit 25 TOTAL MARKS 30 Copyright reserved Please turn over ### Page 3 Accounting/P1 3 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 2 2.1 MASINGITA HARDWARE STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2026 Sales Cost of sales Gross profit Other operating income Discount received 4 260 Gross operating income Operating expenses Salaries and wages 386 000 Employer’s contributions 34 740 Insurance 26 400 Water and electricity 41 300 Repairs and maintenance 12 600 Sundry expenses 8 930 Operating profit Interest income Profit before interest expense Interest expense Net profit for the year 46 Copyright reserved Please turn over ### Page 4 Accounting/P1 4 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.2 GAAP principle and explanation 2 2.3 ONE credit-control measure to reduce bad debts 2 TOTAL MARKS 50 Copyright reserved Please turn over ### Page 5 Accounting/P1 5 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1.1 TRADE AND OTHER RECEIVABLES Trade debtors 5 3.1.2 TRADE AND OTHER PAYABLES Trade creditors 10 Copyright reserved Please turn over ### Page 6 Accounting/P1 6 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.2 LERATO’S BAKING SUPPLIES STATEMENT OF FINANCIAL POSITION ON 28 FEBRUARY 2026 ASSETS Non-current assets Fixed assets at carrying value Current assets Inventories Trade and other receivables Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES Owner’s equity Non-current liabilities Current liabilities TOTAL EQUITY AND LIABILITIES 25 TOTAL MARKS 40 Copyright reserved Please turn over ### Page 7 Accounting/P1 7 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 4.1.1 4.1 4.1.2 3 4.1.3 4.2 4.2.1 % operating expenses on sales WORKINGS ANSWER 3 4.2.2 % mark-up achieved WORKINGS ANSWER 3 4.2.3 Current ratio WORKINGS ANSWER 3 4.2.4 Acid-test ratio WORKINGS ANSWER 4 4.2.5 % return on average owner’s equity WORKINGS ANSWER 4 Copyright reserved Please turn over ### Page 8 Accounting/P1 8 Hlayiso/Mock 2026 NSC – Answer Book Mock 4.3 4.3.1 Comment on the liquidity of the business. Quote TWO financial indicators. 4 4.3.2 TWO possible reasons why the mark-up achieved was lower than planned 2 4.3.3 Should Khanyisa be satisfied with the return on her investment? Quote TWO figures. 4 TOTAL MARKS 30 Copyright reserved ## Related documents - [Grade 10 Accounting P2 November 2026 Mock 2 Memo](https://www.hlayiso.com/library/grade-10-accounting-2026-november-mock-exam-2-memorandum-paper-2/3383a451-2987-495f-a231-c33f8e26ed72) — Accounting · Memo · 2026 · Eng - [Gr10 Acc P1 (English) 2020 Exemplars Answer Book](https://www.hlayiso.com/library/gr10-acc-p1-english-2020-exemplars-answer-book/376d43f9-6485-4bd6-940f-c32d5e30b3f8) — Accounting · Addendum · 2020 · Eng - [ACCOUNTING P1 GR10 ANSWERBOOK NOV2020 English](https://www.hlayiso.com/library/accounting-p1-gr10-answerbook-nov2020-english/c4d8e446-8476-4fa0-9444-592661c4c3f8) — Accounting · Addendum · 2020 · Eng - [Gr 10 Accounting P1 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-10-accounting-p1-english-june-2024-question-paper/a5949fb6-584c-4799-b3be-8943c5b6809a) — Accounting · QP · 2024 · Eng - [Accounting QP P1 ENG](https://www.hlayiso.com/library/accounting-qp-p1-eng/8b3ddb93-84a9-4270-a1d8-0ce12b9f72e9) — Accounting · QP · 2024 · Eng - [ACCOUNTING P1 GR10 MEMO NOV2020 English](https://www.hlayiso.com/library/accounting-p1-gr10-memo-nov2020-english/14ff8a28-8eea-4f95-b524-f229415222c1) — Accounting · Memo · 2020 · Eng ## More from Grade 10 Accounting - [LP Accounting Grade 10 March 2026 QP and Memo](https://www.hlayiso.com/library/grade-10-accounting-2026-limpopo-march-test-question-paper-and-memorandum/08ddf17c-cec8-4317-8aef-1c25d7f47080) — QP + Memo · 2026 - [LP Accounting Grade 10 June 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-10-june-2025-qp-and-memo/e7fdbb08-60cb-461e-b58e-c89720c8a1fa) — QP + Memo · 2025 - [LP Accounting Grade 10 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-10-march-2025-qp-and-memo/04cd29d1-6a95-4547-9cc2-b15b16b78b36) — QP + Memo · 2025 - [KZN Accounting Grade 10 March 2024 QP and Memo](https://www.hlayiso.com/library/kzn-accounting-grade-10-march-2024-qp-and-memo/f12135cb-fc97-4466-81b4-7e0b838a3092) — QP + Memo · 2024 - [Accounting QP P2 ENG](https://www.hlayiso.com/library/accounting-qp-p2-eng/499ba6a6-a17a-491d-b1e9-ac89d638ab8c) — QP · 2024 · Eng - [Gr 10 ACC (English) June 2023 Possible Answers](https://www.hlayiso.com/library/gr-10-acc-english-june-2023-possible-answers/f7590d1d-e2ed-4a3e-9525-a64d96f66849) — Memo · 2023 · Eng ## Collection - [Grade 10 past papers](https://www.hlayiso.com/grade-10/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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