Accounting Grade 11 P2 November Mock Exam 2 2026 Addendum

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P2 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 10 pages. Copyright reserved Please turn over

Accounting/P2 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 CRJ CPJ Provisional total 138 600 Provisional total 151 270 Final total Final total 10 1.2.2 Correct Bank account balance on 30 September 2026 WORKINGS ANSWER 4 Copyright reserved Please turn over

Accounting/P2 3 Hlayiso/Mock 2026 NSC – Answer Book Mock 1.2.3 BANK RECONCILIATION STATEMENT ON 30 SEPTEMBER 2026 DEBIT CREDIT 8 1.2.4 ONE internal control measure to prevent the deposit shortfall from happening again 2 1.3.1 No. CREDITORS’ LEDGER CREDITOR’S STATEMENT Balance 48 720 72 840 (a) (b) (c) (d) (e) Correct balance 10 1.3.2 Why should the statement be compared with the Creditors’ Ledger account every month? State ONE point. 2 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P2 4 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 2 2.1.1 2.1.2 2.1 4 2.1.3 2.1.4 2.2 2.2.1 Cost of raw materials issued for production WORKINGS ANSWER 5 2.2.2 Direct labour cost WORKINGS ANSWER 5 2.2.3 Factory overhead cost note WORKINGS AMOUNT Total factory overhead cost 8 Copyright reserved Please turn over

Accounting/P2 5 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.2.4 GENERAL LEDGER OF AMANDLA SOLAR LAMPS WORK-IN-PROGRESS STOCK 5 2.2.5 Cost of sales WORKINGS ANSWER 3 2.3 2.3.1 Break-even point for the year ended 28 February 2026 WORKINGS ANSWER 4 2.3.2 Should Kgotso be satisfied with the level of production in 2026? Explain, quoting figures. 3 2.3.3 VARIABLE unit cost of concern (quote figures) and ONE way to control it 3 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P2 6 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1.1 3.1.2 3.1 4 3.1.3 3.1.4 3.2 3.2.1 Net purchases closed off to the Trading account WORKINGS ANSWER 5 3.2.2 Cost of sales WORKINGS ANSWER 3 3.2.3 Stock turnover rate WORKINGS ANSWER 4 3.3.1 WORKINGS ANSWER (a) (b) (c) 3 Copyright reserved Please turn over

Accounting/P2 7 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.3.2 VAT payable to / receivable from SARS on 31 August 2026 WORKINGS ANSWER 8 3.3.3 Why is the practice wrong? Give Ravi ONE piece of advice. 3 TOTAL MARKS 30 Copyright reserved Please turn over

Accounting/P2 8 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 4.1 ITEM CASH PROJECTED BOTH BUDGET INCOME ONLY STATEMENT ONLY 4.1.1 Depreciation on equipment 4.1.2 Repayment of a loan 4.1.3 Interest on a loan 4.1.4 Cash drawings 4 Indicate your answer with a tick (✓) in the correct column. 4.2 DEBTORS’ COLLECTION SCHEDULE MONTH CREDIT SALES JANUARY 2027 FEBRUARY 2027 October 2026 November 2026 December 2026 January 2027 TOTAL 7 Copyright reserved Please turn over

Accounting/P2 9 Hlayiso/Mock 2026 NSC – Answer Book Mock 4.3 WORKINGS ANSWER (i) (ii) (iii) (iv) (v) (vi) (vii) 14 4.4 4.4.1 Comment on the control over casual wages. Quote figures and give ONE reason. 3 4.4.2 Was spending less on delivery expenses a good decision? Quote figures. 3 4.4.3 How did the reduced mark-up affect the gross profit? Explain with figures. 3 Copyright reserved Please turn over

Accounting/P2 10 Hlayiso/Mock 2026 NSC – Answer Book Mock 4.5 4.5.1 Total cost of the delivery bakkie and the finance charges WORKINGS ANSWER 3 4.5.2 TWO additional monthly cash payments, and ONE item that appears only in the Projected Income Statement 3 TOTAL MARKS 40 Copyright reserved