Accounting Grade 11 P1 November Mock 2026 Addendum (English)

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 equipment WORKINGS ANSWER 5 1.2.2 Total depreciation on equipment WORKINGS ANSWER 6 Copyright reserved Please turn over

Accounting/P1 3 Hlayiso/Mock 2026 NSC – Answer Book Mock 1.3 KAYA HARDWARE 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 Sundry expenses 31 750 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 DLAMINI PILLAY Salaries Bonuses Interest on capital Primary distribution Secondary distribution Share of net profit Drawings Retained income Balance on 1 July 2025 Balance on 30 June 2026 18 Copyright reserved Please turn over

Accounting/P1 5 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.3 STATEMENT OF FINANCIAL POSITION ON 30 JUNE 2026 ASSETS Non-current assets Fixed assets at carrying value 1 252 000 Current assets Inventories Trade and other receivables Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES Owners’ equity Non-current liabilities Current liabilities 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 3.1.1 3.1.2 3.1 4 3.1.3 3.1.4 3.2 3.2.1 % mark-up achieved WORKINGS ANSWER 3 3.2.2 Acid-test ratio WORKINGS ANSWER 4 3.2.3 % return earned by partner Thandi on her average equity WORKINGS ANSWER 5 3.3.1 Profitability: Explain whether the decision to reduce the mark-up was successful. Quote TWO relevant figures or indicators. 4 Copyright reserved Please turn over

Accounting/P1 7 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.3.2 Liquidity Financial indicator, figures and Suggestion to improve trend 6 3.3.3 Risk and gearing: Explain whether increasing the loan was a good decision. Quote TWO financial indicators. 4 3.3.4 Returns: Should Thandi be satisfied with the return that she earned? Quote figures. 4 3.3.5 State ONE advantage of admitting a new partner. 1 TOTAL MARKS 35 Copyright reserved Please turn over

Accounting/P1 8 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 4.1 GAAP principle and explanation 2 4.2 Effect on the net profit and on Ayesha’s share of the profit 2 4.3 Weakness Suggestion 4 4.4 Explain why Sipho’s request is unethical. 2 TOTAL MARKS 10 Copyright reserved