# Accounting Grade 12 P1 Gauteng Mock 2025 Addendum (English) > Grade 12 Accounting Paper 1 addendum from the Gauteng Mock Exam 2025 (English), 12 pages. Read online or get the free PDF download. - Page: https://www.hlayiso.com/library/grade-12-accounting-2025-gauteng-mock-exam-addendum-paper-1-english/08222616-7487-46d9-a932-c26c38d55378 - Updated: 2026-09-28 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Addendum - Year: 2025 - Exam period: Gauteng Mock Exam - Paper: 1 - Curriculum: CAPS - Pages: 12 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 P1 Gauteng Mock 2025 Addendum (English)](https://www.hlayiso.com/library/grade-12-accounting-2025-gauteng-mock-exam-addendum-paper-1-english/08222616-7487-46d9-a932-c26c38d55378) ## About this document Accounting · Grade 12 · Gauteng Mock Exam · 2025 · English. Addendum, 12 pages. Read online or download the PDF. 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Layout, diagrams and tables may not survive extraction. ### Page 1 PREPARATORY EXAMINATION 2025 10711 ACCOUNTING (PAPER 1) ANSWER BOOK 11 pages NAME OF SCHOOL: NAME OF LEARNER: MARKS QUESTION TOPIC MARKS OBTAINED 1 Company Financial Statements 50 2 Cash Flow Statement and Financial Indicators 40 3 Interpretation of Financial Statements 45 4 Corporate Governance 15 TOTAL 150 P.T.O. ### Page 2 ACCOUNTING ANSWER BOOK 2 (PAPER 1) 10711/25 QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 3 1.2.1 CORRECT NET PROFIT AFTER TAX FOR YEAR ENDED 30 JUNE 2025 Incorrect net profit before tax 1 153 150 Net profit before tax Net profit after tax 12 1.2.2 RETAINED INCOME NOTE Balance at the beginning of the year 670 100 Ordinary share dividends Interim dividend Final dividend Balance at the end of the year 7 P.T.O. ### Page 3 ACCOUNTING ANSWER BOOK 3 (PAPER 1) 10711/25 STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) ON 30 JUNE 2025 ASSETS NON-CURRENT ASSETS Fixed assets Fixed deposit CURRENT ASSETS Trade and other receivables (424 000 TOTAL ASSETS EQUITY AND LIABILITIES SHAREHOLDERS' EQUITY Ordinary share capital 9 600 000 Retained income NON-CURRENT LIABILITIES CURRENT LIABILITIES Trade and other payables (116 860 Current portion of loan TOTAL EQUITY AND LIABILITIES 28 TOTAL MARKS 50 P.T.O. ### Page 4 ACCOUNTING ANSWER BOOK 4 (PAPER 1) 10711/25 QUESTION 2 2.1 2.1.1 2.1.2 2.1.3 3 2.2.1 Ordinary Share Capital Note on 31 May 2025 Ordinary shares at the beginning of year 5 160 000 Ordinary shares at the end of year 7 191 000 7 2.2.2 Calculate: Tax paid WORKINGS ANSWER 4 Calculate: Dividends paid WORKINGS ANSWER 5 P.T.O. ### Page 5 ACCOUNTING ANSWER BOOK 5 (PAPER 1) 10711/25 2.2.3 CASH FLOW FROM FINANCING ACTIVITIES 6 NET CHANGE IN CASH AND CASH EQUIVALENTS 4 2.2.4 The directors have identified options to fund the R1,5 million needed to import new products and expand the business, without increasing the business’s risk in the next financial year. What funding options can the company consider, without taking out additional loans? Quote TWO sources with figures. 2 P.T.O. ### Page 6 ACCOUNTING ANSWER BOOK 6 (PAPER 1) 10711/25 2.2.5 Calculate the following indicators for the year ended 31 May 2025 % net profit after tax on sales WORKINGS ANSWER 2 Net asset value per share WORKINGS ANSWER 3 Dividends pay-out rate WORKINGS ANSWER 4 TOTAL MARKS 40 P.T.O. ### Page 7 ACCOUNTING ANSWER BOOK 7 (PAPER 1) 10711/25 QUESTION 3 3.1 Profitability: Quote TWO financial indicators with figures and trends of the company that showed an improvement in their operating efficiency. 4 3.2 Liquidity: The directors of Dodo Ltd are concerned about stock control. Quote ONE financial indicator and other relevant financial data to support this concern. 4 Identify the company that holds more stock. Show calculations and explain using financial indicators. 3 3.3 Dividends pay-out policy: Explain to Ben which company has accumulated sufficient money to finance expansion in the upcoming financial year. Quote relevant figures and provide a comparison to support your answer. 5 P.T.O. ### Page 8 ACCOUNTING ANSWER BOOK 8 (PAPER 1) 10711/25 3.4 Share price on stock exchange: Comment on the change of the share price on the Johannesburg Security Exchange (JSE) of each company at the end of the financial year. Quote figures and trends. Dodo Ltd Nasha Ltd 4 Provide ONE factor for each company that could have influenced changes in their share price. Dodo Ltd Nasha Ltd 2 3.5 Financing strategy: The Chief Operating Officer (COO) of Nasha Ltd persuaded the senior management team to take out a loan. Quote ONE financial indicator with figures and trends to confirm this statement. 3 P.T.O. ### Page 9 ACCOUNTING ANSWER BOOK 9 (PAPER 1) 10711/25 3.6 Shareholding: Calculate the total amount that Ben received from selling his shares in Dodo Ltd. WORKINGS ANSWER 2 Calculate the additional amount, apart from the amount earned, from the sale of his shares in Dodo Ltd, that Ben had to contribute to buy the shares in Nasha Ltd. WORKINGS ANSWER 4 Explain TWO benefits that Ben will lose after selling his shares in Dodo Ltd. 4 Ben’s shareholding % will change after buying additional shares in Nasha Ltd. Explain TWO potential challenges or problems of being a majority shareholder. 4 P.T.O. ### Page 10 ACCOUNTING ANSWER BOOK 10 (PAPER 1) 10711/25 3.7 Success of a director: Explain THREE essential qualities of a successful director in a profitable company. 6 TOTAL MARKS 45 P.T.O. ### Page 11 ACCOUNTING ANSWER BOOK 11 (PAPER 1) 10711/25 QUESTION 4 4.1 4.1.1 4.1.2 2 4.2 Identify TWO corporate governance issues evident in the Kings Ltd case. 2 4.3 Provide TWO points indicating why transparency is crucial as an element of ethics in corporate governance within a company. 4 4.4 Explain TWO roles of an audit committee in preventing discrepancies in financial reporting. 4 4.5 List THREE consequences of poor corporate governance for a company like Kings Ltd. 3 TOTAL MARKS 15 TOTAL: 150 END ### Page 12 PREPARATORY EXAMINATION 2025 10711 ACCOUNTING (PAPER 1) ANSWER BOOK ## Related documents - [ACCOUNTING P1 GR12 QP JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-qp-jct-2025-eng-d-watermark/84d92eb0-f5bd-4442-bb6d-c55cdc52e25d) — Accounting · QP · 2025 · Eng - [Accounting P1 (English) June 2025 Possible Answers](https://www.hlayiso.com/library/accounting-p1-english-june-2025-possible-answers/86671777-58f6-4c82-932c-4924bae022c0) — Accounting · Memo · 2025 · Eng - [Accounting P1 May-June 2025 MG Eng](https://www.hlayiso.com/library/accounting-p1-may-june-2025-mg-eng/b3a00324-c447-494b-9131-3046982cc2bb) — Accounting · Memo · 2025 · Eng - [NW 12 ACCOUNTING P1 QP ENG JUNE 2025](https://www.hlayiso.com/library/grade-12-accounting-2025-nw-june-exam-question-paper-paper-1-english/71996a3f-565b-45f7-aff5-a473ed76ff71) — Accounting · QP · 2025 · Eng - [Grade 12 NSC Accounting (English) Answer Book 2015 Prepartory Examination Answer Book](https://www.hlayiso.com/library/grade-12-nsc-accounting-english-answer-book-2015-prepartory-examination-answer-book/1504bb7f-526b-44e4-991e-b308973bbfca) — Accounting · Addendum · 2015 · Eng - [ACCOUNTING P1 GR12 ANSWERBOOK JUNE 2022 English](https://www.hlayiso.com/library/accounting-p1-gr12-answerbook-june-2022-english/3f567dee-27d7-45f0-b356-dc5d1a094a3a) — Accounting · Addendum · 2022 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [Acc P2 Memo ENg watermark](https://www.hlayiso.com/library/acc-p2-memo-eng-watermark/5c899e95-f3c2-4bf6-b539-ed8b1bcec50d) — Memo · 2025 · Eng - [ACCOUNTING P2 QP GR12 JCT 2025 ENG D watermark](https://www.hlayiso.com/library/accounting-p2-qp-gr12-jct-2025-eng-d-watermark/13425f71-aba6-4328-b084-d9b108884315) — QP · 2025 · Eng - [Accounting Grade 12 NSC MEMO P1 May June 2025 Limpopo](https://www.hlayiso.com/library/accounting-grade-12-nsc-memo-p1-may-june-2025-limpopo/4bc5dfae-35c0-4acd-83c3-4b53266a3680) — Memo · 2025 - [Accounting P2 Nov 2025 MG Afr](https://www.hlayiso.com/library/grade-12-accounting-2025-nsc-november-exam-memorandum-paper-2/4c11fbd4-960d-4f11-8cb5-c00f8f2cb8b5) — Memo · 2025 · Afr - [ACCOUNTING P1 MEMO GR12 JUNE 2024 English](https://www.hlayiso.com/library/accounting-p1-memo-gr12-june-2024-english/ef245808-e780-418c-ba92-6f41e021a333) — Memo · 2024 · Eng ## Collection - [Grade 12 past papers](https://www.hlayiso.com/grade-12/past-papers) --- Hlayiso: free CAPS and IEB past papers, memos, notes and study guides for South African learners. 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