# Accounting Grade 12 Paper 2 NSC November 2026 Memo (English) > Grade 12 Accounting Paper 2 memorandum from the NSC November Exam 2026 (English), 15 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/grade-12-accounting-2026-nsc-november-exam-unofficial-memorandum-paper-2/2e876cef-1b4d-4796-9078-beeda47a79f8 - Updated: 2026-10-29 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Memorandum - Year: 2026 - Exam period: NSC November Exam - Paper: 2 - Publisher: Hlayiso - Curriculum: CAPS - Pages: 15 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 Paper 2 NSC November 2026 Memo (English)](https://www.hlayiso.com/library/grade-12-accounting-2026-nsc-november-exam-unofficial-memorandum-paper-2/2e876cef-1b4d-4796-9078-beeda47a79f8) ## About this document Accounting · Grade 12 · NSC November Exam · 2026 · English. Memorandum, 15 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 Unofficial memo hlayiso mock exams Practice Series: Grade 12 NSC Preparation WWW.HLAYISO.COM NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING P2 NOVEMBER 2026 — UNOFFICIAL MARKING GUIDELINES MARKS: 150 These marking guidelines consist of 15 pages. Copyright reserved Please turn over ### Page 2 Accounting/P2 2 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines IMPORTANT: These are unofficial marking guidelines prepared by Hlayiso for revision. They are not the DBE’s official memorandum; the official marking guidelines may differ in mark allocation and accepted alternatives. MARKING PRINCIPLES: 1. Penalties for foreign items are applied only if the candidate is not losing marks elsewhere in the question for that item (no penalty for a misplaced item). No double penalty is applied. 2. Penalties for placement or poor presentation (e.g. details) are applied only if the candidate is earning marks on the figures for that item. 3. Unless otherwise stated, give full marks for the correct answer. If the answer is incorrect, mark the workings provided. 4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark for the working for that figure (not the method mark for the answer). 5. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award the mark. If no sign or bracket is shown, assume that the figure is positive. 6. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers from candidates. 7. Where method marks are awarded for an operation, the marker must inspect the reasonableness of the answer. 8. Consistent accuracy (CA) applies: a candidate who uses his/her own incorrect figure from an earlier part is not penalised again. 9. In explanations, accept valid responses that are not listed here. Mark only the required number of responses (first TWO if TWO are asked). SYMBOLS USED IN THESE GUIDELINES: ✓ One mark for the figure/point shown. ⊡ Method mark: one part correct. The candidate earns this mark if the operation is correct and at least one part of the workings is correct (e.g. a total built from the candidate’s own figures). one part correct (operation): the method mark is earned for the correct operation (e.g. ÷, ×, −) even if both figures are the candidate’s own, provided that the answer is reasonable. Do not award it if the numerator and denominator are swapped. READING OF THE QUESTION PAPER • This guideline was drawn up from photographs of the question paper (pp. 1, 3–15). The answer book was not available: standard DBE answer-book layouts are used. Mark allocations match the paper: Q1 35, Q2 35, Q3 40, Q4 40. • p. 11 (Q3.1, Information E and F) is partly covered by a thumb. It is read as: E. 5 000 carpets were produced and sold during the year. F. After all the transactions were considered, the % operating expense on sales was calculated at 30%. • p. 14 (Information D): the photograph is curved. The figures 197 400 and 199 500 sit in the Rent income row and (i) in the Cash sales row. They equal exactly 30/70 of the December and January credit sales, so they may belong to the cash sales row. The answer to (i) is R199 500 either way. Copyright reserved Please turn over ### Page 3 Accounting/P2 3 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines QUESTION 1: RECONCILIATIONS 1.1.1 Adjustments to the Bank account in the General Ledger on 31 July 2026 Details Amount (+/–) Balance before the adjustments (favourable) 67 780 Direct transfer from tenant (T Zihza) + 7 000 ✓ Bank charges: 1 300 – 170 (duplicated fee is a bank error) – 1 130 ✓✓ Debit order: loan repayment – 8 750 ✓ Interest on the credit (favourable) balance + 890 ✓ Dos Stores: 290 ÷ 5% = 5 800; 5 800 – 290 = 5 510 + 5 220 ✓✓ deposited; 5 510 – 290 recorded Debit card BM Furnishers: 3 × 2 150 = 6 450 – 4 300 – 2 150 ✓ recorded Correct balance of the Bank account (favourable) 68 860 ⊡ 9 Bank charges: award 1 mark for R1 300 and 1 mark for deducting the R170 (R1 300 shown on its own earns 1 of 2). Dos Stores: 1 mark for R5 510 (or 5 800 – 290), 1 mark for the difference R5 220; accept +R5 510 with –R290 shown separately. Balance: one part correct; the opening balance must be included. Signs must be correct to earn the marks. 1.1.2 BANK RECONCILIATION STATEMENT ON 31 JULY 2026 DEBIT CREDIT Credit balance according to the Bank Statement 36 380 ⊡ Credit outstanding deposit (deposit slip 994, 29 July) 50 100 ✓ Debit outstanding debit card payment: BM Furnishers 6 450 ✓ Debit outstanding EFT 305 5 100 ✓ Debit outstanding EFT 306 6 240 ✓ Credit bank error: R170 card fee charged twice 170 ✓✓ Debit balance according to the Bank account (see 68 860 ✓ 1.1.1) 86 650 86 650 8 Workings for the Bank Statement balance: 68 860 – 50 100 + (6 450 + 5 100 + 6 240) – 170 = 36 380 (favourable). It is the balancing figure, so award the method mark if the other items are on the correct sides. The R170 earns 1 mark for the amount and 1 mark for the correct side. The debit card payment must be R6 450 (CA from 1.1.1). Accept the alternative layout (Bank Statement balance adjusted to the Bank account balance). Do NOT accept deposit slip 987 as outstanding: the Bank Statement shows the correct deposit. The June outstanding items all cleared in July, so they are foreign items here. Copyright reserved Please turn over ### Page 4 Accounting/P2 4 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 1.1.3 Internal control weaknesses Any TWO ✓✓ ✓✓ – No division of duties: the owner both authorised and made the EFT payment himself. – Normal purchasing procedures (order, approval, invoice, goods-received note) were bypassed. – The supplier was not verified/registered on an approved supplier list before payment. 4 – No second authorisation/approval was required for EFTs. – Payment was made without supporting documents (no invoice or proof of delivery). – The bank reconciliation/outstanding EFTs were not followed up promptly, so the fraud was only found later by the internal auditor. 2 marks per valid point; 1 mark for a vague/incomplete point. Impact of the owner’s decision on the finances Any TWO ✓✓ ✓✓ – The business lost R10 500 (EFT 276) to a non-existent supplier; this cash cannot be recovered. – Cash flow/the bank balance was reduced, which may affect the ability to pay real creditors and expenses. – No goods were received, so stock may run short and sales/profit may be lost. 4 – The loss reduces net profit (written off as a loss/fraud expense) and owner’s equity. – Further fraud is possible if controls are not tightened; extra costs for investigation/legal fees. 2 marks per valid point; 1 mark for a vague point. Reward reference to the figure R10 500. Copyright reserved Please turn over ### Page 5 Accounting/P2 5 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 1.2.1 Creditors’ reconciliation: Oak Suppliers, 31 August 2026 No. Creditors’ Statement of Ledger of Oak Account Suppliers Balances 193 700 197 920 (i) Invoice not recorded + 7 800 ✓ (ii) Invoice overstated on statement – 4 500 ✓ (19 400 – 14 900) (iii) EFT wrongly credited by Oak + 4 580 ✓ (iv) Credit note recorded as an – 3 500 ✓✓ invoice (2 × 1 750) (v) Invoice of another customer – 4 200 ✓ – 4 200 ✓ Correct balances 193 800 193 800 ⊡ 8 (iv): award 1 mark for R3 500 and 1 mark for the minus sign/correct column (R1 750 on its own earns 1 mark). (v): both columns must be adjusted. Totals: one mark if both balances agree and are one part correct (CA). Wrong column: no mark for that figure. 1.2.2 Impact of not meeting the credit terms Any ONE ✓✓ – Oak Suppliers may charge interest on overdue accounts, which increases expenses. – Rega Traders may lose discounts for prompt payment. – The supplier may cancel credit facilities/demand cash on delivery, or 2 refuse to supply goods, causing stock shortages. – Damage to the business’ credit record/reputation; legal action for recovery of the debt. 2 marks for a complete point; 1 mark for a partial point. TOTAL MARKS: 35 Copyright reserved Please turn over ### Page 6 Accounting/P2 6 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines QUESTION 2: INVENTORY VALUATION 2.1 TILESMAN TRADERS (weighted-average method) 2.1.1 Value of stock returned WORKINGS ANSWER (1 000 × R10) ✓ + (1 000 × R13) ✓ 23 000 2 = 10 000 + 13 000 The returns are at the purchase price excluding carriage: the supplier did not refund the carriage. 2.1.2 Closing stock (weighted average) WORKINGS ANSWER 77 500 + 429 500 ✓ + 75 000 ✓ (37 500 × R2) − 23 000 ✓ 195 000 ⊡ 7 500 + 37 500 − 2 000 6 559 000 = = R13,00 per tile ⊡ 43 000 ✓ 15 000 × R13,00 Carriage is on ALL 37 500 tiles purchased (no refund on the returns), so it stays in the numerator. Returns: CA from 2.1.1. Weighted-average price: one part correct (operation); R13,00 shown to two decimals. Final: one part correct; must be ×15 000. 2.1.3 Cost of sales WORKINGS ANSWER 559 000 – 195 000 ✓ 364 000 ⊡ 2 OR 28 000 × R13,00 % mark-up achieved WORKINGS ANSWER Sales: 28 000 × R33 = 924 000 ✓ 153,8% ⊡ Gross profit: 924 000 – 364 000 = 560 000 ⊡ 4 560 000 100 ✓× 364 000 1 CA on cost of sales from above. Accept 153,85%. Gross profit: one part correct. The answer: one part correct (operation); do not award it if the fraction is inverted. 2.1.4 Impact of frequent returns of damaged tiles Any TWO ✓✓ ✓✓ – Carriage of R4 000 (2 000 × R2) was lost: it is not refunded, so the cost per tile and cost of sales increase and gross profit decreases. – Stock shortages/delays: customers’ orders cannot be met on time, causing lost sales and loss of customers. – Extra administration, handling and storage of damaged tiles; time spent 4 on claims. – Strained relationship with the supplier: it may refuse further refunds, withdraw credit or stop supplying. – Reputation damage if cracked tiles reach customers. 2 marks per valid point; 1 mark for a vague point. Copyright reserved Please turn over ### Page 7 Accounting/P2 7 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 2.2 TECHNOVIBE LTD (specific identification) 2.2.1 Closing stock of Rhino WORKINGS ANSWER Opening: 5 600 000 ÷ 7 000 = 800 units ✓ 5 040 000 ⊡ Purchases: 6 790 000 ÷ 7 000 = 970 units ✓ 4 800 + 970 – 1 050 = 720 units ⊡ 720 × R7 000 Alternative: 5 600 000 + 6 790 000 – (1 050 × 7 000 = 7 350 000) = 5 040 000: award the marks for the equivalent figures. 2.2.2 Number of Wolf units on hand WORKINGS ANSWER Units sold: 26 640 000 ÷ 14 400 = 1 850 ✓ 210 units ⊡ Cost per unit: 16 650 000 ✓ ÷ 1 850 = R9 000 ⊡ 4 1 890 000 ÷ R9 000 Check: opening 8 550 000 ÷ 9 000 = 950; purchases 9 990 000 ÷ 9 000 = 1 110; 950 + 1 110 – 1 850 = 210. Award full marks for this route (950 and 1 110 replace the working marks). Mark-up check: 14 400 ÷ 9 000 = 160%, i.e. 60% on cost. Why the owner should NOT be concerned about the decrease (950 → 210 units) Any TWO ✓✓ ✓✓ – Stock is moving fast: 1 850 Wolf laptops were sold, more than the opening stock plus most purchases. – Less cash/capital is tied up in expensive stock (only R1 890 000 vs R8 550 000); cash is available for other needs. – Laptops become obsolete quickly (technology changes); low stock 4 reduces the risk of outdated stock. – Lower storage, insurance and security costs; less risk of theft of high-value items. – Stock can be replenished quickly from suppliers as needed (just-in-time approach). 2 marks per valid point; 1 mark for a vague point. Reward figures. 2.2.3 Stockholding period (closing stock) WORKINGS ANSWER Closing stock: 5 040 000 ✓ + 1 890 000 ✓ = 6 930 000 105,4 days ⊡ Cost of sales: (1 050 × 7 000 = 7 350 000) ✓ + 16 650 000 ✓ = 24 000 000 5 6 930 000 × 365 24 000 000 CA from 2.2.1. The question instructs the use of the closing stock. If a candidate uses the formula-sheet 24 000 000 × 365 = 160, 3 days: award the working average stock, 12 (14 150 000 + 6 930 000) = 10 540 000; 10 540 000 marks for 6 930 000 and 24 000 000 and the method mark (Hlayiso view: the official memo will probably accept both). Accept 105 days. Answer: one part correct (operation). TOTAL MARKS: 35 Copyright reserved Please turn over ### Page 8 Accounting/P2 8 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines QUESTION 3: COST ACCOUNTING 3.1 COSY CARPETS MANUFACTURERS 3.1.1 Direct material cost WORKINGS ANSWER 858 000 + 4 670 500 ✓ 4 823 700 ⊡ + carriage on returns: 233 200 × 10/110 = 21 200 ✓✓ 5 – 726 000 ✓ The returns of R233 200 were deducted in full, but the supplier did not refund the carriage, so the carriage (R21 200) must be added back to net purchases (4 670 500 + 21 200 = 4 691 700). If the candidate reads “including 10% carriage” as 10% of R233 200 (R23 320; DMC R4 825 820), award 1 of the 2 marks for the carriage. Answer: one part correct. 3.1.2 FACTORY OVERHEAD COST NOTE Sundry factory expenses 1 192 890 ✓ Factory maintenance: 120 800 – (32 160 × 10/12 = 26 800 94 000 ⊡ ✓✓) Water and electricity: 187 916,67 ⊡ 46 125 ÷ 22,5% = 205 000 total billed; factory 55%: 112 750 ✓; actual: 112 750 × 2/1,20 ✓ Factory insurance: 18 810 ⊡ 6 540 ÷ 2 = 3 270 per month (new rate); 3 270 ÷ 1,09 = 3 000 per month (old rate) ✓; (6 × 3 000) + (6 × 3 270) = 37 620 ✓; 37 620 × 3/6 Total factory overhead cost 1 493 616,67 ⊡ 11 Maintenance: the plan (R32 160) paid on 1 April 2026 covers 12 months; only April and May belong to this year, so 10 months (R26 800) are prepaid. Water and electricity: office and sales share 45% equally (22,5% each), the factory 55%. Billed at R1,20 for every R2 consumed, so actual = billed × 2/1,20; the additional amount owing for the factory is R75 166,67. Accept R187 917 (rounded). Accept the route 205 000 × 2/1,20 = 341 666,67 × 55%. Insurance: the R6 540 for June–July 2026 (next year) is at the new rate after the 9% increase on 1 December 2025: June–November 2025 at the old rate, December 2025–May 2026 at the new rate. Advertising (R67 500) is a selling expense: –1 (foreign item) if included, only if the candidate is earning marks elsewhere. Total: one part correct. 3.1.3 Total sales amount of carpets WORKINGS ANSWER Operating expenses: 1 050 700 + 2 549 300 = 3 600 000 12 000 000 ⊡ ✓ 2 3 600 000 × 100/30 Copyright reserved Please turn over ### Page 9 Accounting/P2 9 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines Cost of production of finished goods WORKINGS ANSWER 12 000 000 × 100/150 ✓ 8 000 000 ⊡ (all carpets are made to order and finished and sold 2 before year-end: cost of production = cost of sales) CA from sales. Per carpet (5 000 units): selling price R2 400; cost R1 600. Do not accept a calculation that adds DMC and FOH only (direct labour is not given). 3.1.4 ONE sustainable solution for EACH problem, with justification ✓✓ ✓✓ Water shortages: – Install rainwater-harvesting tanks/boreholes, or recycle and reuse process water. – Justification: secures a supply of water during municipal shortages so that production is not interrupted; lowers the municipal water bill. Rising electricity tariffs: 4 – Install solar panels/inverters with batteries; use energy-efficient machines/LED lighting; run machines in off-peak hours. – Justification: reduces dependence on the municipality/Eskom and load-shedding; lowers electricity cost per unit in the long term (the once-off investment is recovered over time). For each problem: 1 mark for the solution, 1 mark for the justification. Copyright reserved Please turn over ### Page 10 Accounting/P2 10 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 3.2 WHEELS MANUFACTURERS 3.2.1 Bicycles produced and sold in 2026 WORKINGS ANSWER Fixed cost = BEP × (SP – VC per unit) 4 950 units ⊡ 1 650 ✓ × (6 650 – 3 350 = 3 300) ✓ = 5 445 000 ⊡ 4 5 445 000 ÷ 1 100 (fixed cost per unit) Check for 2025: 1 080 × 4 940 = 5 335 200; 5 335 200 ÷ 3 100 = 1 721 (as given). One part correct for 5 445 000 and for the final answer. 3.2.2 Reasons for the increase in direct material cost per unit (R1 320 → R1 650; +25%) Any TWO ✓✓ – Increase in the purchase price of raw materials (inflation/supplier price increases). – Higher transport/carriage costs, e.g. fuel price increases. 2 – Wastage or theft of raw materials (poor control/storage). – Exchange-rate changes if materials are imported. – Change to a more expensive supplier or better-quality material; buying in smaller quantities (loss of bulk discounts). 3.2.3 Why keeping direct labour cost per unit unchanged is NOT suitable Any TWO ✓✓ ✓✓ – Workers expect annual increases in line with inflation; a freeze may lead to low morale, strikes or resignations of skilled workers. – It may conflict with labour laws/union agreements or minimum-wage increases. 4 – Unhappy workers are less productive and careless, increasing wastage and the cost per unit elsewhere. – Rising production costs/economic conditions make it unrealistic; the business should rather improve productivity (output per worker) or adjust the selling price. 2 marks per valid point; 1 mark for a vague point. Copyright reserved Please turn over ### Page 11 Accounting/P2 11 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 3.2.4 Profit on helmets for 2026 WORKINGS ANSWER Sales: 1 520 × 594 = 902 880 ✓ 45 492 ⊡ Variable cost: 1 520 × 371 = 563 920 ✓ 4 902 880 – 563 920 – 293 468 ✓ OR (1 520 – 1 316) × (594 – 371) = 204 × 223 Alternative: 1 520 × (594 – 371 – 193,07). Answer: one part correct. Accept R45 600 if the candidate uses the rounded R193 fixed cost per unit (1 520 × 30). 3.2.5 ONE consequence and ONE recommendation ✓✓ Consequence: higher labour cost per unit (idle time/overtime); late delivery of orders, so customers are lost; lower profit. Recommendation: supervise and monitor productivity; set production 2 targets with incentives/bonuses for meeting them; train workers; take disciplinary action against repeat offenders; plan workflow/maintain machines to avoid bottlenecks. TOTAL MARKS: 40 Copyright reserved Please turn over ### Page 12 Accounting/P2 12 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines QUESTION 4: BUDGETING 4.1 Amounts for November 2026 CASH PROJECTED BUDGET STATEMENT OF COMPREHENSIVE INCOME 4.1.1 Rent income 12 000 ✓ 12 000 ✓ 4.1.2 Fixed deposit invested (201 600) ✓ – Interest on fixed deposit: 2 100 ✓ 2 100 ✓ 201 600 × 12,5% × 1/12 4.1.3 Total sales: 166 400 × 100/40 = 416 000 ✓ 416 000 Cash sales: 416 000 × 60% (or 249 600 ✓✓ – 416 000 – 166 400) Cost of sales: 416 000 × 100/160 – (260 000) ✓✓ 10 Rent: only one month is received/earned. The investment in the fixed deposit is a cash payment but not an expense. The credit sales of R166 400 are not received in November (no collection information is given), so only the cash sales appear in the Cash Budget. Cost of sales: 1 mark for the method (÷160%) and 1 mark for the amount; it is not a Cash Budget item. Purchases of stock are not mentioned, so no payment for purchases is expected; do not penalise a candidate who adds a “purchases” payment of R260 000 on the assumption that stock sold is replaced for cash. Brackets/negative signs are not required for marks if the item is clearly a payment/expense. 4.2.1 Credit sales expected in December 2026 WORKINGS ANSWER 257 936 ✓ ÷ 56% ✓ 460 600 2 OR 197 400 × 70/30 Bad debts to be written off in January 2027 WORKINGS ANSWER November credit sales: 169 442 ✓ ÷ (40% × 95% = 17 836 ⊡ 38%) ✓✓ = 445 900 ⊡ 5 445 900 × 4% (100% – 40% – 56%) Check: January credit sales 465 500 × 38% = 176 890 (as given). 38%: 1 mark for 40% and 1 mark for the 95% (discount). November credit sales: one part correct. Bad debts: one part correct; 4% must be used. Copyright reserved Please turn over ### Page 13 Accounting/P2 13 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 4.2.2 Missing figures in the Cash Budget WORKINGS ANSWER (i) Cash sales, January 2027 199 500 ⊡ 465 500 ✓ ÷ 70% ✓ × 30% (ii) Interest on loan, December 2026 17 500 500 000 × 14% ✓ × 3/12 ✓ 9 (iii) Payments to creditors, January 2027 352 500 ⊡ December sales: 460 600 + 197 400 = 658 000 ✓ 658 000 × 100/140 ✓ = 470 000 (cost of sales = purchases) 470 000 × 75% ✓ (i) one part correct. (ii) the interest for the first quarter is paid in advance on 31 December. (iii) Stock sold is replaced in the month of sale, so December purchases = December cost of sales; 75% is on credit and is paid one month later. CA on December credit sales from 4.2.1 (460 600 ÷ 70% = 658 000). One part correct for the answer. 4.2.3 % increase in the manager’s salary WORKINGS ANSWER 81 900 − 78 000 100 2 ✓× 5% ⊡ 78 000 1 Copyright reserved Please turn over ### Page 14 Accounting/P2 14 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines 4.2.4 Refer to Information E (October 2026) Ways to improve the collection from debtors (actual R198 350 vs budget R327 560: only 60,6% collected; R129 210 short) Any TWO ✓✓ ✓✓ – Do proper credit checks/vetting of new customers before granting credit; set credit limits. – Send monthly statements and reminders (SMS/e-mail) promptly; phone overdue debtors. – Hand over long-overdue accounts to debt collectors/attorneys; stop credit to debtors in arrears. 4 – Offer more convenient payment options (debit orders, EFT, card machines on delivery). – Increase the discount for early payment or offer incentives (e.g. lucky draw) for paying on time. – Require a deposit on large orders/sell more for cash. 2 marks per valid point; 1 mark for a vague point. Do not accept “charge interest” or “give discount” on their own: these are already in place. Comment on the advertising strategy ✓✓ ✓✓ Figures: advertising was R2 548 (10%) less than budgeted (R22 932 vs R25 480), yet sales were R127 400 (20%) more than budgeted (R764 400 vs R637 000). Advertising as % of sales: budget 4,0%; actual 3,0%. Comment: the strategy was effective/cost-efficient; better-targeted 4 advertising (e.g. social media) produced more sales for less money. The business should continue with it. 2 marks for figures/calculations (advertising AND sales); 2 marks for the comment. Maintenance of delivery vehicles: concern and impact ✓✓ ✓✓ Figures: maintenance was R8 500 (25%) below budget (R25 500 vs R34 000), although sales (and therefore deliveries) increased by 20%. Delivery expenses were also R35 672 (28%) below budget (R91 728 vs R127 400; 12% of sales vs 20% budgeted). Concern/impact (any valid): – Vehicles are not being serviced properly; they may break down, causing late or missed deliveries. 4 – Customers who were promised free delivery may be lost; damage to reputation. – Larger repair bills/replacement of vehicles later; unsafe vehicles may cause accidents and legal claims. – The low delivery expense with higher sales may mean deliveries are not being made (or not recorded). 2 marks for figures; 2 marks for the explanation of the impact. TOTAL MARKS: 40 TOTAL: 150 Copyright reserved Please turn over ### Page 15 Accounting/P2 15 Hlayiso/November 2026 NSC – Unofficial Marking Guidelines HOW DID OUR PREDICTION DO? The real November 2026 P2 compared with the Hlayiso 2026 Accounting P2 Prediction Q Part Real paper asked Our closest prediction item(s) Verdict Covered 1 Bank recon +/– adjustments to the Bank account (9); 1.2.1–1.2.3 Cash Journal totals, Bank 3 21/25 (25) BRS with outstanding items and a bank account, BRS with a bank error; 1.2.4 error (8); fictitious-supplier EFT: control cash-control problems; 2.1.3 internal weaknesses (4) and impact on finances (4) control 1 Creditors’ Ledger vs statement table (8); not meeting Tier 3: deliberately left out (it was in Nov 7 0/10 recon (10) credit terms (2) 2025) 2 Weighted Returns (2); WA closing stock with carriage 2.1.1 WA closing stock with returns and 3/7 10/18 average (18) and returns (6); cost of sales (2); % mark-up carriage; cost of sales in the memo. No (4); impact of frequent returns (4) mark-up calculation, no returns-impact item 2 Specific Rhino closing stock (4); Wolf units from 2.3.1 SI closing stock; 2.2.2–2.2.3 3 15/17 identification sales/cost of sales (4); why a decrease is stockholding period and comment (17) not a concern (4); stockholding period (5) 3 Cosy Carpets DMC with carriage on returns (5); FOH note: 3.1.1 DMC; 3.1.3 FOH note (prepaid 3/7 18/24 (24) prepaid maintenance, under-billed water rent, % allocation); 3.1.4 cost of and electricity, insurance increase (11); production sales from operating-expense % and cost of production (4); sustainable solutions (4) 3 Wheels (16) Units from BEP and fixed cost (4); DMC 3.2.1 BEP; 3.2.3 poorly controlled cost; 3/7 10/16 increase reasons (2); DLC freeze (4); 3.2.4 target profit (same helmet profit (4); production delays (2) cost-volume-profit logic) 4 4.1 CB/PSCI Amounts in the CB and PSCI for rent, fixed 4.1 CB/PSCI classification (3 marks); 3/7 5/10 (10) deposit and sales/COS fixed-deposit interest in 4.3(iv); PSCI calculations were Tier 3 4 Santiago (30) Debtors’ Collection Schedule: credit sales We bet on a Creditors’ Payment 3/7 16/30 and bad debts (7); cash sales, quarterly Schedule, not a DCS. 4.3 salaries with loan interest, payments to creditors (9); % increase, loan interest; 4.4 advertising salary increase (2); debtor collection, and delivery-cost control advertising, vehicle maintenance (12) Marks of the real paper covered by our prediction 95/150 A learner who had practised our prediction paper would have met about 95 of the 150 marks (63%) as familiar question types. The four topics and the core skills were right, but two of our boldest calls (VAT and the Creditors’ Payment Schedule) did not appear, and an item we had rated only “possible” (creditors’ reconciliation) took 10 marks. What we got right What we missed • The four topics and the Tier 1 calls that landed: • No VAT at all, despite our strongest rotation signal Factory Overhead Cost note with a prepaid (4/4 even years). adjustment, break-even/unit costs, stockholding • Creditors’ reconciliation (Tier 3, left out because it period, Cash Budget missing amounts, budget vs was in 2025). actual (advertising, delivery). • A Debtors’ Collection Schedule with bad debts • Bank reconciliation (our “good” Tier 2 call), instead of our Creditors’ Payment Schedule. including a bank error and an internal-control/fraud • 4.1 asked for CB and PSCI amounts, not a item. classification. • Weighted average with returns and carriage, and • Predicted but absent: FIFO (Tier 1), missing stock, specific identification: both appeared. direct labour cost, Debtors’ Age Analysis. • Direct material cost, loan interest, a salary increase • Sales from the operating-expense %, the helmet and payments to creditors from a mark-up on cost. profit and the sustainability/production-delay questions. Rating: 6/10. The structure, the cost-accounting core and the budgeting skills were well predicted, but the VAT and Creditors’ Payment Schedule bets failed and the Tier 3 creditors’ reconciliation appeared, so roughly a third of the paper would have been unfamiliar. 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