# Accounting Grade 11 P1 November Mock Exam 2 2026 Addendum > Grade 11 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-11-accounting-2026-november-mock-exam-2-answer-book-paper-1/8751b411-0643-4354-9158-b995cba2d8b8 - Updated: 2026-10-29 - Subject: Accounting - Grade: Grade 11 - 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 11](https://www.hlayiso.com/library/grade-11) › [Accounting](https://www.hlayiso.com/library/grade-11/accounting) › [Accounting Grade 11 P1 November Mock Exam 2 2026 Addendum](https://www.hlayiso.com/library/grade-11-accounting-2026-november-mock-exam-2-answer-book-paper-1/8751b411-0643-4354-9158-b995cba2d8b8) ## About this document Accounting · Grade 11 · 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 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 ### Page 2 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 ### Page 3 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 ### Page 4 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 ### Page 5 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 ### Page 6 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 ### Page 7 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 ### Page 8 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 ## Related documents - [Gr11 Acc P1 (English) November 2019 Answer Book](https://www.hlayiso.com/library/gr11-acc-p1-english-november-2019-answer-book/7df9c3e6-59c6-4ae8-a82f-f6b8011ca1ab) — Accounting · Addendum · 2019 · Eng - [Grade 11 Accounting P2 November 2026 Mock](https://www.hlayiso.com/library/grade-11-accounting-2026-november-mock-exam-question-paper-paper-2/23b01a3d-4c7f-4c08-87ca-2f521d5b13fd) — Accounting · QP · 2026 · Eng - [Gr 11 Accounting P1 (English) June 2024 Question Paper](https://www.hlayiso.com/library/gr-11-accounting-p1-english-june-2024-question-paper/6f46b4c9-08af-40d5-bbfc-8e5e70b68734) — Accounting · QP · 2024 · Eng - [ACCOUNTING P1 GR11 MEMO NOVEMBER 2023 English watermark](https://www.hlayiso.com/library/accounting-p1-gr11-memo-november-2023-english-watermark-1/49899c38-504c-42fb-972e-2181fa910731) — Accounting · Memo · 2023 · Eng - [ACCOUNTING P1 GR11 QP NOV 2023 English watermark](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english-watermark/114f97da-f00d-48e5-b867-cc2fbc9acf2c) — Accounting · QP · 2023 · Eng - [ACCOUNTING P1 GR11 QP NOV 2023 English](https://www.hlayiso.com/library/accounting-p1-gr11-qp-nov-2023-english/4a9ed09a-c470-41c0-8d03-0f4bd2f3f6c6) — Accounting · QP · 2023 · Eng ## More from Grade 11 Accounting - [GR11 Accounting Practice exam November Paper 1](https://www.hlayiso.com/library/gr11-accounting-practice-exam-november-paper-1/a786fffb-f00d-472f-a62b-80f038063c5b) — Guide - [ACCOUNTING P2 MEMO GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-eng-watermark/7aa479bf-34d0-4240-934b-67a2f33e2597) — Memo · 2025 · Eng - [ACCOUNTING P2 MEMO GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-memo-gr11-nov-2025-afr-watermark/a92dc10a-0d2e-42d6-9cd3-ff78b0e78afe) — Memo · 2025 · Afr - [ACCOUNTING ANS BOOK GR11 NOV 2025 ENG watermark](https://www.hlayiso.com/library/accounting-ans-book-gr11-nov-2025-eng-watermark/23071d73-1633-476d-9eea-a35d45360d61) — QP · 2025 · Eng - [ACCOUNTING P2 QP GR11 NOV 2025 AFR watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr11-nov-2025-afr-watermark/c1345715-0e44-4f64-9844-4e1a4ca18c22) — QP · 2025 · Afr - [LP Accounting Grade 11 March 2025 QP and Memo](https://www.hlayiso.com/library/lp-accounting-grade-11-march-2025-qp-and-memo/e029a6c5-e494-4ee4-85f6-bf55d1d8442b) — QP + Memo · 2025 ## Collection - [Grade 11 past papers](https://www.hlayiso.com/grade-11/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. When citing, link the page URL above, not a PDF or /api/ URL.