Accounting Grade 12 P1 NSC November Prediction 2026 Addendum

STICKER CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING P1 GRADE 12 PREDICTION 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/Prediction 2026 NSC – Answer Book Prediction QUESTION 1 1.1 Calculate: 1.1.1 Profit/Loss on the sale of equipment on 31 October 2025 Profit/Loss on sale of equipment WORKINGS ANSWER 5 1.1.2 Total depreciation for the year ended 28 February 2026 WORKINGS ANSWER Equipment 7 Vehicles NOTE: The amounts calculated in 1.1.1 and 1.1.2 must be transferred to QUESTION 1.2. Copyright reserved Please turn over

Accounting/P1 3 Hlayiso/Prediction 2026 NSC – Answer Book Prediction 1.2 NANDI OUTDOOR LTD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2026 Sales Cost of sales (6 840 000) Gross profit Other operating income Commission income 87 650 Gross operating income Operating expenses Advertising 62 400 Sundry expenses Operating profit Interest income Profit before interest expense Interest expense Net profit before tax Income tax Net profit after tax 730 000 28 Copyright reserved Please turn over

Accounting/P1 4 Hlayiso/Prediction 2026 NSC – Answer Book Prediction 1.3 STATEMENT OF FINANCIAL POSITION ON 28 FEBRUARY 2026 (EXTRACT) EQUITY AND LIABILITIES Shareholders’ equity Ordinary share capital Retained income Non-current liabilities Current liabilities Trade and other payables TOTAL EQUITY AND LIABILITIES 15 TOTAL MARKS 55 Copyright reserved Please turn over

Accounting/P1 5 Hlayiso/Prediction 2026 NSC – Answer Book Prediction QUESTION 2 2.1 RETAINED INCOME NOTE Balance at the beginning of the year 1 470 000 Balance at the end of the year 8 2.2 CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2026 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations 2 896 000 Interest paid (264 000) CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE (58 000) BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 20 Copyright reserved Please turn over

Accounting/P1 6 Hlayiso/Prediction 2026 NSC – Answer Book Prediction 2.2 WORKINGS (income tax paid, fixed assets purchased, repurchase of shares) 2.3 Calculate the following financial indicators on 28 February 2026: Debt-equity ratio WORKINGS ANSWER 3 % return on average capital employed (ROTCE) WORKINGS ANSWER 5 Dividends per share (in cents) WORKINGS ANSWER 4 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P1 7 Hlayiso/Prediction 2026 NSC – Answer Book Prediction QUESTION 3 3.1.1 3.1 3.1.2 3 3.1.3 3.2 Profitability and operating efficiency: Explain whether the strategy of decreasing the mark-up was successful. Quote TWO financial indicators or financial data (with figures). 4 3.3 Liquidity: Quote and explain TWO OTHER financial indicators that support the CFO’s concern. 4 3.4 Financial gearing and risk: Explain whether increasing the loan was a good decision. Quote TWO financial indicators. 4 Copyright reserved Please turn over

Accounting/P1 8 Hlayiso/Prediction 2026 NSC – Answer Book Prediction 3.5 Dividends and returns 3.5.1 Comment on the change in the dividend pay-out policy. Quote figures and give ONE possible reason for the decision. 3 3.5.2 Explain whether the shareholders should be satisfied with the return on their investment. Quote ONE financial indicator. 3 3.6 Rights issue and shareholding of Mandla Zwane 3.6.1 Amount paid by Mandla for the rights-issue shares WORKINGS ANSWER 3 3.6.2 Mandla’s % shareholding on 28 February 2026 WORKINGS ANSWER 4 Copyright reserved Please turn over

Accounting/P1 9 Hlayiso/Prediction 2026 NSC – Answer Book Prediction 3.7 Repurchase of shares: Explain TWO reasons why the repurchase of shares from the CEO was NOT in the best interest of the company and its other shareholders. Quote figures. 4 3.8 Share price: Comment on the market price of the company’s shares on the JSE. Quote TWO financial indicators or figures (with trends). 4 3.9 Remuneration of the CEO: Give TWO reasons why the shareholders should vote AGAINST the proposed bonus for the CEO. 4 TOTAL MARKS 40 Copyright reserved Please turn over

Accounting/P1 10 Hlayiso/Prediction 2026 NSC – Answer Book Prediction QUESTION 4 4.1.1 Type of audit report and reason: 2 4.1.2 TWO types of audit evidence: 2 4.1.3 Implication of the audit report for: The shareholders: The directors: 4 4.2.1 Why Sipho’s conduct is a conflict of interest, and how it affected the company (quote a figure): 3 4.2.2 Why the composition of the audit committee is a corporate governance concern: 2 4.2.3 TWO measures the board should introduce: 2 TOTAL MARKS 15 Copyright reserved