Accounting Grade 10 P1 November Mock 2026 Addendum (English)

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

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. Telephone Bank 1 250 − − 0 1.2.1 Vehicles 1.2.2 Debtors’ control Cost of sales Trading stock 1.2.3 Bank Creditors’ control 1.2.4 25 TOTAL MARKS 30 Copyright reserved Please turn over

Accounting/P1 3 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 2 2.1 LETHABO TRADERS STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2026 Sales Cost of sales Gross profit Other operating income Gross operating income Operating expenses Salaries and wages Employer’s contributions Advertising 26 500 Telephone 12 900 Sundry expenses 9 870 Operating profit Interest income Profit before interest expense Interest expense Net profit for the year 46 Copyright reserved Please turn over

Accounting/P1 4 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.2 GAAP principle and explanation 2 2.3 ONE internal control measure to prevent stock losses 2 TOTAL MARKS 50 Copyright reserved Please turn over

Accounting/P1 5 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1.1 OWNER’S EQUITY Balance on 1 July 2025 Balance on 30 June 2026 7 3.1.2 TRADE AND OTHER PAYABLES Trade creditors 8 Copyright reserved Please turn over

Accounting/P1 6 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.2 ZINHLE’S DÉCOR STATEMENT OF FINANCIAL POSITION ON 30 JUNE 2026 ASSETS Non-current assets Fixed assets at carrying value 834 800 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

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 % mark-up achieved WORKINGS ANSWER 3 4.2.2 % net profit on sales WORKINGS ANSWER 3 4.2.3 Acid-test ratio WORKINGS ANSWER 4 4.2.4 Solvency ratio WORKINGS ANSWER 3 4.2.5 % return on average owner’s equity WORKINGS ANSWER 4 Copyright reserved Please turn over

Accounting/P1 8 Hlayiso/Mock 2026 NSC – Answer Book Mock 4.3 4.3.1 Quote ONE financial indicator to show that expenses are not well controlled. 3 4.3.2 Comment on the liquidity of the business. Quote TWO financial indicators. 4 4.3.3 Should Sibusiso be satisfied with the return on his investment? Quote TWO figures. 3 TOTAL MARKS 30 Copyright reserved