Accounting Grade 12 P2 NSC November Mock 2026 Addendum (Eng)

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P2 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 9 pages. Copyright reserved Please turn over

Accounting/P2 2 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 1 1.1.1 Calculate the correct balance of the Bank account on 28 February 2026. DETAILS AMOUNT Balance according to the Bank account 18 450 Correct balance of the Bank account 9 1.1.2 BANK RECONCILIATION STATEMENT ON 28 FEBRUARY 2026 DEBIT CREDIT 6 1.1.3 Explain why cheque no. 389 must be cancelled, and give ONE internal control measure to prevent stale cheques. 3 Copyright reserved Please turn over

Accounting/P2 3 Hlayiso/Mock 2026 NSC – Answer Book Mock 1.2.1 Corrections to the Creditors’ Ledger and the creditor’s statement No. CREDITORS’ LEDGER CREDITOR’S STATEMENT Balance 18 640 25 985 (a) (b) (c) (d) (e) 10 1.2.2 Give ONE control measure to prevent errors when recording returns. 2 1.3 1.3.1 Calculate the amount payable to SARS for the VAT period. WORKINGS ANSWER 6 1.3.2 Explain why this is unethical, and state ONE possible consequence for the business. 4 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 2.1.2 3 2.1.3 2.2 RUNNER X 2.2.1 Value of closing stock (weighted-average method) WORKINGS ANSWER 5 2.2.2 Number of pairs missing WORKINGS ANSWER 4 2.2.3 Gross profit WORKINGS ANSWER 4 2.2.4 Stock holding period (in days) WORKINGS ANSWER 4 Copyright reserved Please turn over

Accounting/P2 5 Hlayiso/Mock 2026 NSC – Answer Book Mock 2.2.5 Give TWO internal control measures to prevent theft of stock. 4 2.3 COURT CLASSIC 2.3.1 Value of closing stock (FIFO method) WORKINGS ANSWER 5 2.3.2 Explain why FIFO results in a higher closing stock value when purchase prices are rising. 2 2.4 Advise the owner on whether to discontinue Court Classic. Give TWO points with figures. 4 TOTAL MARKS 35 Copyright reserved Please turn over

Accounting/P2 6 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 3 3.1.1 3.1 3.1.2 3 3.1.3 3.2 Direct material cost WORKINGS ANSWER 5 3.3 Direct labour cost WORKINGS ANSWER 4 3.4 FACTORY OVERHEAD COST NOTE TOTAL 8 Copyright reserved Please turn over

Accounting/P2 7 Hlayiso/Mock 2026 NSC – Answer Book Mock 3.5 PRODUCTION COST STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2026 Direct material cost Direct labour cost Total cost of production Cost of production of finished goods 6 3.6 Unit cost of production WORKINGS ANSWER 2 3.7.1 Break-even point WORKINGS ANSWER 4 3.7.2 Comment on the break-even point in relation to the number of desks produced and sold. 3 TOTAL MARKS 35 Copyright reserved Please turn over

Accounting/P2 8 Hlayiso/Mock 2026 NSC – Answer Book Mock QUESTION 4 4.1.1 4.1 4.1.2 3 4.1.3 4.2 DEBTORS’ COLLECTION SCHEDULE MONTH CREDIT SALES MARCH APRIL MAY January 360 000 43 200 February 384 000 March 420 000 April 396 000 May 432 000 TOTAL 387 600 391 080 405 000 8 4.3 4.3.1 Payments to creditors in April 2026 WORKINGS ANSWER 4 4.3.2 Salaries in May 2026 WORKINGS ANSWER 3 4.3.3 Rent in April 2026 WORKINGS ANSWER 3 Copyright reserved Please turn over

Accounting/P2 9 Hlayiso/Mock 2026 NSC – Answer Book Mock 4.4 4.4.1 Percentage by which actual cash sales were below budget WORKINGS ANSWER 3 4.4.2 Explain whether the additional advertising was effective. Quote figures. 3 4.4.3 Explain why receipts from debtors were lower than budgeted, and give ONE suggestion. 4 4.5 4.5.1 Projected bank balance on 31 May 2026 WORKINGS ANSWER 4 4.5.2 Advise Mpho on buying the vehicle for cash in May 2026. Quote figures and suggest an alternative. 5 TOTAL MARKS 40 Copyright reserved