Accounting Grade 11 P1 November Mock Exam 2 2026 Addendum

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 11 NOVEMBER EXAMINATION 2026 (MOCK) SPECIAL ANSWER BOOK WWW.HLAYISO.COM QUESTION MARKS INITIAL MOD. 1 2 3 4 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 4 1.1.3 1.1.4 1.2 1.2.1 Profit or loss on the sale of the vehicle WORKINGS ANSWER 5 1.2.2 Total depreciation on vehicles WORKINGS ANSWER 6 Copyright reserved Please turn over

Accounting/P1 3 Hlayiso/Mock 2026 NSC – Answer Book Mock 1.3 ITHEMBA PAINT SUPPLIES STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2026 Sales Cost of sales Gross profit Other operating income Discount received 5 840 Gross operating income Operating expenses Salaries and wages Employer’s contributions Sundry expenses 28 650 Operating profit Interest income Profit before interest expense Interest expense Net profit for the year 40 TOTAL MARKS 55 Copyright reserved Please turn over

Accounting/P1 4 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 2 2.1 TRADE AND OTHER RECEIVABLES Trade debtors Net trade debtors 6 2.2 PARTNERS’ CURRENT ACCOUNTS MOLOI GOVENDER Salaries Bonus Interest on capital Primary distribution Secondary distribution Share of net profit Drawings Retained income Balance on 1 April 2025 Balance on 31 March 2026 18 Copyright reserved Please turn over

Accounting/P1 5 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.3 STATEMENT OF FINANCIAL POSITION ON 31 MARCH 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 Owners’ equity Non-current liabilities Current liabilities Trade and other payables 200 350 TOTAL EQUITY AND LIABILITIES 26 TOTAL MARKS 50 Copyright reserved Please turn over

Accounting/P1 6 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1 3.1.1 % operating expenses on sales WORKINGS ANSWER 3 3.1.2 Acid-test ratio WORKINGS ANSWER 4 3.1.3 Debt-equity ratio WORKINGS ANSWER 3 3.1.4 % return on average owners’ equity WORKINGS ANSWER 5 3.2.1 Operating efficiency Financial indicators/figures: Explanation: 6 TWO suggestions: Copyright reserved Please turn over

Accounting/P1 7 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.2.2 Liquidity THREE financial indicators (with figures): Is Lindiwe justified? Explain: 6 3.2.3 Risk and gearing: Explain whether repaying R304 000 of the loan was a good decision. Quote TWO financial indicators. 4 3.2.4 Returns: Comment on Mark’s return. Quote figures. 4 TOTAL MARKS 35 Copyright reserved Please turn over

Accounting/P1 8 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 4.1 Fuel cost per kilometre of Vehicle 2 WORKINGS ANSWER 2 4.2 ONE problem with Vehicle 2 (quote figures) 2 4.3 TWO internal control measures over the delivery vehicles 2 4.4 Why are Ravi’s actions regarding the purchase of cement unethical? 2 4.5 TWO steps to prevent Ravi from choosing suppliers or awarding contracts without approval 2 TOTAL MARKS 10 Copyright reserved