Accounting Grade 12 P1 NSC November Mock 2026 Addendum (Eng)

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 12 MOCK EXAMINATION 2026 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/P1 2 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 1 1.1.1 1.1 1.1.2 3 1.1.3 1.2 ORDINARY SHARE CAPITAL NOTE NUMBER DETAILS AMOUNT 7 950 000 Shares in issue at end of year 1.3 RETAINED INCOME NOTE Balance at beginning of year 8 Balance at end of year Copyright reserved Please turn over

Accounting/P1 3 Hlayiso/Mock 2026 NSC – Answer Book Mock 1.4 STATEMENT OF FINANCIAL POSITION ON 28 FEBRUARY 2026 ASSETS Non-current assets Fixed assets at carrying value 9 865 000 Current assets TOTAL ASSETS EQUITY AND LIABILITIES Shareholders’ equity Non-current liabilities Current liabilities TOTAL EQUITY AND LIABILITIES 32 TOTAL MARKS 50 Copyright reserved Please turn over

Accounting/P1 4 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 2 2.1 Calculate the following amounts for the Cash Flow Statement: Income tax paid WORKINGS ANSWER 4 Dividends paid WORKINGS ANSWER 4 Fixed assets purchased WORKINGS ANSWER 4 Copyright reserved Please turn over

Accounting/P1 5 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.2 CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2026 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations 1 896 000 Interest paid CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING CASH AND CASH EQUIVALENTS AT END 20 Copyright reserved Please turn over

Accounting/P1 6 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.3 Calculate the following financial indicators on 28 February 2026: Debt-equity ratio WORKINGS ANSWER 3 Net asset value per share (in cents) WORKINGS ANSWER 3 % return on average shareholders’ equity WORKINGS ANSWER 5 2.4 The directors are satisfied with the improvement in the cash position of the company. Quote ONE figure from the Cash Flow Statement to support their view. 2 TOTAL MARKS 45 Copyright reserved Please turn over

Accounting/P1 7 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1.1 3.1 3.1.2 3 3.1.3 3.2 Liquidity (Zola Ltd) 3.2.1 Comment on the liquidity position of Zola Ltd. Quote TWO financial indicators with figures and trends. 4 3.2.2 Explain how the change in the debtors’ collection period has affected the liquidity of Zola Ltd. Quote figures. 3 3.2.3 Give ONE possible reason for the increase in the stock holding period and ONE suggestion to improve it. 4 Copyright reserved Please turn over

Accounting/P1 8 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.3 Financial gearing: Explain whether increasing the loans was a good decision. Quote TWO financial indicators with figures. 4 3.4 Returns: Explain why the shareholders of Bokamoso Ltd would be more satisfied. Quote figures. 4 3.5 Dividends: Explain the change in the dividend pay-out policy of Zola Ltd and give ONE possible reason for it. Quote TWO financial indicators. 4 Copyright reserved Please turn over

Accounting/P1 9 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.6 Share price: Comment on the market price of EACH company’s shares in relation to its net asset value per share. Quote figures. 4 3.7 Shareholding in Zola Ltd 3.7.1 Calculate Thabo Molefe’s % shareholding on 28 February 2026. WORKINGS ANSWER 4 3.7.2 Explain why Thabo should be concerned about this change. 2 3.8 Investment decision: Advise your friend which company she should invest in. Give TWO reasons with figures. 4 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P1 10 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 Type of audit report: 4.1.1 2 4.1.2 Explain why the shareholders should be concerned about this audit report. Give TWO points. 2 Who appoints the independent auditor? 4.1.3 2 4.2.1 Explain why the shareholders are unhappy about the CEO’s remuneration. Give TWO points with figures. 4 4.2.2 Explain the role of the remuneration committee in preventing this problem. 2 4.3 Give ONE benefit for the company, ONE benefit for the community, and state whether you agree with these shareholders. 3 TOTAL MARKS 15 Copyright reserved