Accounting Grade 10 P2 November Mock 2026 Memo (English)

hlayiso mock exams Practice Series: Grade 10 Exam Preparation WWW.HLAYISO.COM NATIONAL SENIOR CERTIFICATE GRADE 10 ACCOUNTING P2 NOVEMBER EXAMINATION 2026 (MOCK) MARKING GUIDELINES MARKS: 150 These marking guidelines consist of 8 pages. Copyright reserved Please turn over

Accounting/P2 2 Hlayiso/Mock 2026 NSC – Marking Guidelines MARKING PRINCIPLES: 1. Penalties for foreign items are applied only if the candidate is not losing marks elsewhere in the question for that item. No double penalty for incorrect calculations. 2. Penalties for placement or poor presentation are applied only if the candidate is earning marks on the figures for that item. 3. Unless otherwise stated, give full marks for the correct answer. If the answer is incorrect, mark the workings provided. 4. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award the mark. 5. If candidates provide more than the required number of responses, mark only the required number in the order presented. 6. Where method marks are awarded for operation, the marker must inspect the reasonableness of the answer. 7. Be aware of candidates who provide valid alternatives beyond the marking guidelines. 8. ✓ = 1 mark. ⊡ = one part correct (operation and one part correct; method mark for an answer that is not a stand-alone figure). Copyright reserved Please turn over

Accounting/P2 3 Hlayiso/Mock 2026 NSC – Marking Guidelines QUESTION 1 1.1.1 False ✓ 1.1.2 True ✓ 1.1 1.1.3 True ✓ 4 1.1.4 False ✓ 1.2.1 GENERAL LEDGER OF UBUNTU ELECTRICAL DEBTORS’ CONTROL Dr Cr 2026 2026 Mar 1 Balance b/d 46 820 ✓ Mar 31 Bank CRJ 52 400 ✓ 31 Sales DJ 59 500 ✓✓ Discount allowed CRJ 1 280 ✓ Journal debits GJ 640 ✓ Debtors’ DAJ 4 510 ✓✓ allowances Journal credits GJ 1 350 ✓ Balance c/d 47 420 ⊡ 106 960 106 960 ✓ Apr 1 Balance b/d 47 420 ✓ 12 Sales: 58 600 + 900 = 59 500. Debtors’ allowances: 3 950 + 560 = 4 510. Award marks for details and amounts; ignore folios and dates. Totals: both sides must agree. Accept “Bank and discount allowed” combined as 53 680 (✓✓). 1.2.2 DEBTORS’ LIST ON 31 MARCH 2026 Debtor Balance Corrections (+ or −) Correct balance M Naidoo 7 450 + 2 400 ✓✓ 9 850 L Nkosi 8 700 − 2 400 ✓ + 180 ✓ 6 480 P Botha 4 930 − 560 ✓✓ 4 370 T Khumalo 16 740 − 3 800 ✓✓ (1 900 × 2) 12 940 S Dlamini 13 900 − 120 ✓✓ 13 780 51 720 47 420 ✓✓ 12 Award marks for the correct amount with the correct sign in the correct debtor’s row. T Khumalo: award one mark if R1 900 is deducted only once. Total: ⊡ one part correct; second mark only if the total agrees with the control account balance in 1.2.1. Copyright reserved Please turn over

Accounting/P2 4 Hlayiso/Mock 2026 NSC – Marking Guidelines 1.3.1 Any ONE valid explanation ✓✓: to detect and correct errors and omissions in the Debtors’ Ledger and journals; to make sure that each debtor’s balance is correct before statements are sent; to detect fraud 2 or theft early; the total of the Debtors’ List must agree with the Debtors’ Control account. 1.3.2 Any TWO ✓✓ ✓✓: send monthly statements and reminders (SMS/e-mail) promptly; charge interest on overdue accounts; offer a discount for early payment; do a credit check before granting credit and 4 set credit limits; stop further credit sales to debtors whose accounts are overdue; hand over long-outstanding accounts to debt collectors. 1.3.3 (a) Any ONE valid explanation ✓✓: she abused her position for personal gain/to benefit a friend (conflict of interest); the business loses R2 2 000 income; the records are falsified, which is dishonest and fraudulent. 1.3.3 (b) Any TWO ✓✓ ✓✓: division of duties (different people must receive cash, record receipts and post to the Debtors’ Ledger); credit notes must be authorised (signed) by the owner/manager and supported by a goods-returned voucher; use pre-numbered credit notes and check 4 the sequence; returned goods must be inspected and recorded by the storeroom before a credit note is issued; regular internal audits/rotation of duties. TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P2 5 Hlayiso/Mock 2026 NSC – Marking Guidelines QUESTION 2 2.1 Historical cost principle ✓ Explanation ✓: assets are recorded at the original price paid for them (cost 2 price), not at their market value. 2.2.1 Depreciation on vehicles WORKINGS ANSWER Old vehicles: 480 000 × 20% = 96 000 ✓ 132 000 ⊡ 4 New vehicle: 360 000 × 20% × 6/12 = 36 000 ✓✓ 2.2.2 Depreciation on equipment WORKINGS ANSWER Old equipment: (150 000 – 54 000) × 15% = 14 400 ✓✓ 15 150 ⊡ 4 New equipment: 20 000 × 15% × 3/12 = 750 ✓ 2.3 FIXED (TANGIBLE) ASSETS Land and Vehicles Equipment buildings Carrying value (1 March 1 200 000 288 000 ✓ 96 000 ✓ 2025) Cost 1 200 000 480 000 150 000 Accumulated depreciation – (192 000) (54 000) Movements Additions at cost 280 000 ✓✓ 360 000 ✓ 20 000 ✓ Depreciation – (132 000) ✓ (15 150) ✓ Carrying value (28 February 1 480 000 ✓ 516 000 ✓ 100 850 ✓ 2026) Cost 1 480 000 ✓ 840 000 ✓ 170 000 ✓ Accumulated depreciation – (324 000) ✓ (69 150) ✓ 16 Additions to land and buildings: only the new storeroom (R280 000) is capitalised; the roof repairs (R15 000) are an expense (repairs). Depreciation: see 2.2.1 and 2.2.2 (method marks). Carrying value at the end: one part correct per column. Accept brackets or negative signs. 2.4 Any TWO ✓✓ ✓✓: install vehicle-tracking devices and check trip reports; keep a logbook (kilometres, destinations, drivers) and compare it with fuel slips; vehicles must be parked and locked at the business 4 premises after hours with keys kept by the owner/manager; drivers must sign out keys; discipline/charge drivers for unauthorised private use. TOTAL MARKS 30 Copyright reserved Please turn over

Accounting/P2 6 Hlayiso/Mock 2026 NSC – Marking Guidelines QUESTION 3 3.1.1 D✓ 3.1.2 B✓ 3.1 3.1.3 E✓ 5 3.1.4 C✓ 3.1.5 A✓ 3.2.1 Direct material cost WORKINGS ANSWER 6 200 + 38 400 + 5 600 ✓ + 1 800 ✓ – 1 200 ✓ – 7 600 43 200 ⊡ 5 ✓ 3.2.2 Direct labour cost WORKINGS ANSWER Normal wages: 3 × 176 × R35 = 18 480 ✓✓ 20 664 ⊡ Overtime: 24 × R52,50 (35 × 1,5) = 1 260 ✓✓ 6 Contributions: 18 480 × 5% = 924 ✓ 3.2.3 Factory overhead cost WORKINGS ANSWER Rent: 12 000 × 75% = 9 000 ✓✓ 24 936 ⊡ Water and electricity: 4 800 × 80% = 3 840 ✓✓ 6 Insurance 650 + cleaning materials 420 + foreman 9 500 + depreciation 1 526 = 12 096 ✓ 3.2.4 Total cost of production WORKINGS ANSWER 43 200 + 20 664 + 24 936 ✓ 88 800 ⊡ 2 3.2.5 Cost of production per candle WORKINGS ANSWER 88 800 / 4 000 ✓ R22,20 ⊡ 2 3.2.6 Selling price per candle WORKINGS ANSWER 22,20 × 150/100 ✓ (22,20 + 11,10) R33,30 ⊡ 2 3.3 Fixed cost (any ONE) ✓: rent; salary of the foreman; insurance; depreciation. Variable cost (any ONE) ✓: raw materials (wax, wicks, fragrances, dyes); 2 carriage on raw materials; wages of factory workers (paid per hour); cleaning materials; (water and electricity – accept). TOTAL MARKS 30 Copyright reserved Please turn over

Accounting/P2 7 Hlayiso/Mock 2026 NSC – Marking Guidelines QUESTION 4 4.1.1 No ✓ 4.1 4.1.2 Yes ✓ 3 4.1.3 No ✓ 4.2.1 WORKINGS ANSWER (i) 1 350 ✓ × R99 ✓✓ (R90 × 110%) 133 650 (ii) 5 ✓ × R5 500 ✓ (OR: 22 000 + 5 500) 27 500 (iii) 108 000 × 10% ✓✓ 10 800 (iv) (120 000 – 20 000) ✓ × 12% × 1/12 ✓ 1 000 (v) 14 600 + 120 000 ✓ – 78 400 ✓ 56 200 ⊡ Receipts: 108 000 + 12 000; payments: 22 000 + 10 800 + 8 000 + 6 400 + 1 200 + 20 000 + 10 000 12 (v): award the method mark if the candidate’s (iii) is used correctly in total payments. 4.2.2 WORKINGS ANSWER (9 850 – 6 400) = 3 450 ✓ / 6 400 ✓ × 100 53,9% ⊡ 3 4.2.3 Comment with figures ✓✓: actual income of R96 300 was R11 700 (10,8%) less than the budgeted R108 000 (about 130 fewer cars were washed than planned). Suggestion ✓ (any ONE): advertise (social media, flyers); offer loyalty 3 cards/discounts for regular customers; offer extra services (e.g. interior cleaning, valet); extend operating hours; negotiate more fleet contracts. 4.3 Any TWO ✓✓ ✓✓: to plan for expected receipts and payments and avoid cash shortages (or plan for a bank overdraft/loan in time); to identify surplus cash that can be invested; to control expenses by comparing 4 actual figures with the budget; to set targets for income; to plan large purchases such as new equipment. TOTAL MARKS 25 Copyright reserved Please turn over

Accounting/P2 8 Hlayiso/Mock 2026 NSC – Marking Guidelines QUESTION 5 5.1.1 Perpetual ✓ 5.1 5.1.2 Periodic ✓ 3 5.1.3 Added to ✓ 5.2.1 Cost of sales WORKINGS ANSWER 84 000 + 612 000 ✓ + 14 500 ✓ – 8 200 ✓ – 6 000 ✓ (3 600 000 ⊡ 600 + 2 400) – 96 300 ✓ Opening stock + net purchases – drawings – donations – closing 6 stock. If drawings/donations are not deducted (612 000), award marks for the other figures. 5.2.2 Gross profit WORKINGS ANSWER (1 008 000 – 18 000) = 990 000 ✓✓ – 600 000 390 000 ⊡ 3 5.2.3 % mark-up achieved WORKINGS ANSWER 390 000 ✓ / 600 000 ✓ × 100 65,0% ⊡ 3 5.2.4 Any TWO ✓✓ ✓✓: stock losses/theft are included in the cost of sales under the periodic system (closing stock is lower, so cost of sales is higher); goods were sold at reduced prices (sales, promotions, discounts to customers); damaged or out-of-fashion sneakers were sold 4 below the normal price; suppliers increased prices but selling prices were not adjusted; errors when pricing goods. 5.3 Any THREE points ✓✓ ✓✓ ✓✓ (2 marks each, well explained): – Selling counterfeit (fake) branded goods is illegal (it infringes trademarks); the goods can be confiscated and Bheki can be fined or prosecuted. – It is dishonest and unethical to mislead customers into paying the price of genuine products. – The quality of fake sneakers is usually poor, which will lead to returns, complaints and loss of customers. 6 – If customers find out, the reputation (goodwill) of the business will be damaged. – It is unfair to the brand owners and to competitors who sell genuine goods. – He should rather buy genuine goods from reputable suppliers, or sell unbranded sneakers honestly at a lower price. TOTAL MARKS 25 Copyright reserved