# Accounting Grade 12 Gauteng Mock 2015 Memo (English) > Grade 12 Accounting memorandum from the Gauteng Mock Exam 2015 (English), 21 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/grade-12-nsc-accounting-english-2015-preparatory-examination-possible-answers/80ecb65b-378a-47eb-9e06-e8b8d08e423a - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: English - Document type: Memorandum - Year: 2015 - Exam period: Gauteng Mock Exam - Curriculum: CAPS - Pages: 21 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 Gauteng Mock 2015 Memo (English)](https://www.hlayiso.com/library/grade-12-nsc-accounting-english-2015-preparatory-examination-possible-answers/80ecb65b-378a-47eb-9e06-e8b8d08e423a) ## About this document Accounting · Grade 12 · Gauteng Mock Exam · 2015 · English. Memorandum, 21 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 Downloaded from hlayiso.com PREPARATORY EXAMINATION 2015 MEMORANDUM SUBJECT: ACCOUNTING (10710) 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 foreign item penalty for misplaced item). No double penalty applied. 2. Full marks for correct answer. If answer incorrect, mark the workings provided. 3. If a pre-adjustment figure is shown as a final figure, allocate the part-mark for the workings for that figure (not the method mark for the answer). 4. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award the mark. If no + or – sign or bracket is provided, assume that the figure is positive. 5. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers from candidates. 6. This memorandum is not for public distribution, as certain items might imply incorrect treatment. The adjustments made are due to nuances in certain questions. 7. Where penalties are applied, the marks for that section of the question cannot be a final negative. 8. Where method marks are awarded for operation, the marker must inspect the reasonableness of the answer before awarding the mark. 9. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect at least in part. 10. Codes: f=foreign item; p=placement/presentation 1 ### Page 2 Downloaded from hlayiso.com 10710/15 GAUTENG DEPARTMENT OF EDUCATION PREPARATORY EXAMINATION ACCOUNTING MEMORANDUM QUESTION 1 1.1.1 List TWO reasons for preparing the Bank Reconciliation Statement as an internal control process. Two reasons    To ensure that all entries relating to cash transactions are accurately recorded.  Fraudulent transactions can be detected.  Errors or omissions can be detected. 2 1.1.2 State the adjustment that would be made to the figures on the financial statements on 30 June 2015 in respect of the post-dated cheques issued. Refer to the Bank Reconciliation Statement for June 2015. Include actual figures in your answer.  Creditors’ control  balance would be increased by R10 400   Bank  balance would be increased by R10 400 (to R12 400)  4 1.1.3 ITEM CRJ CPJ NO ENTRY Item 1 21 370 Item 2 X Item 3 X Item 4 5 300  Item 1 450  Item 6 720  Item 7 2 100  2 500  Item 8 X Item 9 X 9 2 ### Page 3 Downloaded from hlayiso.com 10710/15 1.1.4 Bank reconciliation statement on 31 July 2015 Debit Credit Dr balance of Bank statement  21 370 Cr outstanding deposit  20 500 Dr outstanding cheques Nr 1640  2 500 Nr 3220  6 100 Nr 1596  7 000 (for  check operations) Cr balance of Bank account  16 470 36 970 36 970 7 1.1.5 In August 2015 the internal auditor discovered that the outstanding deposit of R20 500 on the Bank Reconciliation Statement on 31 July 2015 appeared as R5 500 on the Bank Statement. (Item 3) The amount on the Bank Statement is correct. List ONE concern that you have as internal auditor. Provide ONE suitable control measure to prevent this from happening in future. Explain fully. ONE concern  and ONE solution  CONCERN CONTROL MEASURE The money could be  Compare receipts of cash to the deposit stolen slips on a daily basis to see whether all cash received was deposited. Fraud could take  Put internal control processes in place – place / rolling of cash division of duties. The deposit must be checked by an assistant.  Arrange for SMS notifications from the bank and check against the CRJ. For one mark:  Scrutinize the deposit slip for errors.  Division of duties. 3 3 ### Page 4 Downloaded from hlayiso.com 10710/15 1.2.1 Why should the balance of the Creditors’ control account correspond with the total of the Creditors’ list? Any acceptable answer   It is an internal control measure – figures in the journals are posted to the Creditors’ control account and the Creditors’ ledger.   The Creditors' control account is a summary of all the transactions related to creditors and the list is a total of all the Creditors’ balances. 1.2.2 Calculate the correct balances of the Creditors’ control account and the Creditors list. Creditors Control Creditors list Incorrect total/balance 49 560 36 410 (a) - 520  (b) + 3 160 + 3 160  (c) + 270  (d) - 13 400 Balance / Total  39 320 39 320 8 35 4 ### Page 5 Downloaded from hlayiso.com 10710/15 QUESTION 2 2.1 Match the description in COLUMN B to the concept in COLUMN A. Write only the letter (A–E) next to the question number (2.1.1–2.1.4) in the ANSWER BOOK 2.1.1 E  2.1.2 C  2.1.3 D  2.1.4 B  4 2.2 Calculate the correct Factory Overhead Cost. FACTORY OVERHEAD COST Incorrect Factory Overhead Cost 362 790 Depreciation  84 030 Indirect Materials  (3 500) Advertising (12 790) Utilities (operation if any one part correct)     (10 290 / 2 x 4) = R20 580 / 7 x 4 = R11 760 – 10 290  1 470 Factory Overhead Cost for the Year 432 000 10 2.3 WASTE TRADERS PRODUCTION COST STATEMENT FOR YEAR-ENDED 30 JUNE 2015 Prime costs  1 620 000 Direct material cost 78 900 + 553 500  - 92 400  ( if one part correct) 540 000 Direct labour cost  1 080 000 Factory overhead cost (see 2.2) 432 000 2 052 000 Work-in-process (beginning of the year) 175 000 Total manufacturing costs (check operation) 2 227 000 Work-in process (end of the year) (check operation) (355 000) Cost of production of finished goods 1 872 000 12 5 ### Page 6 Downloaded from hlayiso.com 10710/15 2.4 Calculate the following: 2.4.1 SELLING PRICE PER UNIT: R3 564 000 ÷ 396 000 = R9 ( if one part correct) 3 2.4.2 COST OF SALES: R3 564 000 X 100 = R1 782 000 ( if one part correct) 200 3 2.4.3 VARIABLE COSTS PER UNIT R2 059 200 ÷ 374 400 = R5,50 (if one part correct) 3 2.4.4 BREAK-EVEN POINT R682 500  = R682 500 (R9 (See 2.3.1) - R5,50(See 2.3.3)  R3,50 = 195 000 Units  ( if one part correct) 4 2.5 Waste Traders anticipates that demand will increase in the next financial year to 600 000 units. They aim to increase the number of units produced to meet this demand. They expect fixed costs to remain unchanged. 2.5.1 Explain what you understand by the term 'break-even point'. Valid explanation The number of units that must be sold in order to cover the Fixed Costs. Thereafter, the manufacturer will make a profit.  2 6 ### Page 7 Downloaded from hlayiso.com 10710/15 2.5.2 Explain the effect the above decision will have on the fixed costs per unit and the break-even point. FIXED COST: As more units are produced the Fixed Costs per unit will decline.  BREAK-EVEN POINT: If Variable Cost increases/decreases – BEP will also increase or decrease 4 45 7 ### Page 8 Downloaded from hlayiso.com 10710/15 QUESTION 3 3.1 Calculate the following 3.1.1 Cost of vehicles sold. (900 000 + 200 000 – 810 000) 290 000 3.1.2 Accumulated depreciation on vehicles sold. 290 000 X 20% = R58 000 81 200 232 000 X 20% x 6/12 = R23 200 (if one part correct) 9 3.1.3 Carrying value of vehicles sold. 208 800 290 000 - 81 200 (if one part correct) 8 ### Page 9 Downloaded from hlayiso.com 10710/15 3.2 INCOME STATEMENT FOR THE YEAR-ENDED 30 JUNE 2015 Sales 2 892 200 – 52 000 2 840 200 Cost of sales (1 492 200) Gross profit  1 348 000 Other income Inspection  338 335 Service fee income 145 235 – 900  144 335 Rent income 172 500  + 16 500   189 000 Profit on sale of asset 5 000 Do not accept Interest here Gross operating income 1 686 335 Operating expenses Inspection, brackets not essential  (905 855) Salaries and wages  (288 090 - 25 000 - 2 625 - 250)  260 215 Audit fees (52 000 + 23 000 )  75 000 Directors' fees  375 000 Consumable stores (104 100 – 4 000 )  100 100 Bank charges  6 740 Trading stock deficit  10 000 Depreciation (23 200  (see 3.1.2) + 55 600 )  78 800 Operating profit 775 480 Interest income 3 500 Profit before interest expense  778 980 Interest expense  (89 600) Net profit before tax Inspection, inspect operations applied  694 380 Income tax  (206 814) Net profit after tax Inspection – if tax deducted  487 566 35 If pre-adjustment figure is shown as the final answer, the relevant mark is still given If final figures are correct award full marks - if incorrect, mark workings – if no workings in this case no marks For  inspect operations Foreign items i.e. Balance Sheet items – 1 each (max -2) If interest is shown at top & bottom, apply –1 max for placement if marks are earned 9 ### Page 10 Downloaded from hlayiso.com 10710/15 3.3.1 TANGIBLE (FIXED) ASSET NOTE Land and Vehicles buildings Carrying value (beginning of the year) 11 000 000 510 000 Cost 11 000 000 900 000 Accumulated depreciation 0 (390 000) Movements Additions at cost 200 000 Disposals at carrying value (See 3.1.3 )  (800 000)  (208 800) Depreciation (see Income statement)  (78 800) Carrying value at the end of the year 10 200 000 422 400 Cost 10 200 000 810 000 Accumulated depreciation 0  (387 600) 7 3.3.2 ORDINARY SHARE CAPITAL Authorized Shares 1 000 000 Ordinary shares Issued Shares 550 000 Shares in issue 3 025 000 50 000 Shares issued during the year at R11,50  575 000 40 000 Shares repurchased at an average price of R6  (240 000) Shares in issue on 30 June 2015 560 000 (check operation if one part is correct) 3 360 000 7 3.3.3 RETAINED INCOME Balance on 30 June 2014 255 274 Net income for year (see 3.2)  482 566 Repurchases of shares (40 000 x 2,50) (100 000) Ordinary share dividends  (255 000) Paid  45 000 Declared  210 000 Balance on 30 June 2015 (check operation)  382 840 7 65 10 ### Page 11 Downloaded from hlayiso.com 10710/15 QUESTION 4 4.1 Choose one word/term from the following to complete the sentences given below: 4.1.1 Limited liability  4.1.2 Shareholders  4.1.3 Independent  4.1.4 Qualified  4 4.2 XOLISE TRADERS LIMITED 4.2.1 Reconciliation of net profit before taxation and cash generated by operations Net profit before tax 1 283 100 Adjustments i.r.o. Depreciation (42 000 + 23 000) 65 000 Interest paid 42 600  Operating profit before change in working  capital 1 390 700 Change in working capital (check operation)  (84 600)   Increase in inventory (139 600) Decrease in Debtors (530 000 + 8 000 - 475 000 - 14 000) (538 000 - 489 000) (if one part correct) 49 000  Increase in creditors (89 500 + 7 300 - 81 700 - 9 100) (96 800 - 90 800) (if one part correct) 6 000   Cash generated by operations (check operation) 1 306 100 12  4.2.2 Calculate the total tangible assets purchased during 2015 3 002 000 - 2 330 200 - 103 000 - 65 000 = 839 800 Method mark if any one part correct. 5 11 ### Page 12 Downloaded from hlayiso.com 10710/15 4.2.3 Cash Flow Statement on 28 February 2015 Cash Flow from Operating Activity (check operation)  130 200 Cash Generated from Operations 1 306 100 Interest Paid (42 600) Taxation paid (296 100 – 2 200 – 3 600)  (290 300) (if one part correct) Dividends paid (843 000) Cash Flow from Investing Activities (check operation)  (736 800) Purchase of tangible assets (see 4.2.2)  (839 800) Proceeds from disposal of tangible assets  103 000 Cash Flows from Financing Activities (check operation)  530 000 Proceeds from the issue of new shares  560 000 Repayment of loan (30 000) Net Change in Cash and Cash Equivalents  (76 600) (if one part correct) Cash and cash equivalents at the beginning of the year 38 600 Cash and cash equivalents at the end of the year  (38 000) 12 4.2.4 Calculate the following on 28 February 2015 Earnings per share (EPS) 987 000 470 000 = 210c per share accept R2,10 do not accept 2,1 (if one part correct) 3 Dividends per share (DPS) (893 000) 329 000 + 564 000x 100 470 000 = 190 cents accept R1,90 do not accept 1,9 (if one part correct) 4 12 ### Page 13 Downloaded from hlayiso.com 10710/15 Net Asset Value per share (NAV) 3 534 000 x 100 470 000 = 751,9 cents or 752c per share  do not accept 7,52 (if one part correct) 3 The Return on average capital employed (ROTCE) (1 325 700) 1 283  42 600  x 100 ½ (3 534 000  +340 000 + 2 880 000 + 370 000) (3 562 000) = 37,22 % = 37,2 %  do not accept 37,2 (if one part correct) 8 Debt - equity ratio 340 000 : 3 534 000 0,1 : 1  accept 0,09 : 1 (if one part correct) 3 4.2.5 Briefly comment on the liquidity of the company. Quote TWO financial indicators to support your answer. Any TWO Financial indicator   Trend with figures    Current ratio: decreased from 3,45 : 1 to 2,83 : 1  Acid test ratio: decreased from 1,56 : 1 to 1,04 : 1  Rate of stock turnover: improved from 3 to 5 times per annum 4 13 ### Page 14 Downloaded from hlayiso.com 10710/15 4.2.6 What major decisions by the directors are reflected in the Cash Flow Statement? State TWO decisions and quote the relevant figures. Also explain how EACH of these decisions would benefit the company in future. Decision and figures   Benefit for company   Dividends were paid, R843 000 This will attract new shareholders; Price on the JSE could increase; Current shareholders will be satisfied with their dividends. Fixed/tangible assets purchased, New assets will increase the efficiency R839 800 of the company. This will lead to an increase in profits. Fixed/tangible assets sold, R103 000 Money received from asset disposals will improve cash flow – could be used to finance new assets purchased. New share issued, R560 000 Improves cash flow of the company; Money was used to purchase new tangible/fixed assets 6 4.2.7 The company is slow in repaying the loan. Explain why this is a good decision. Quote TWO financial indicators with figures to support your answer. Financial indicators Figures  Explanation   ROTCE  Improved from 25,4% to 37,2%.  There is positive gearing of profits by 20,2% against the interest rate of 17% p.a.  Debt/Equity ration  Is 0,1 : 1  Shows low risk (low geared) 6 70 14 ### Page 15 Downloaded from hlayiso.com 10710/15 QUESTION 5 5.1.1 Why is it necessary to prepare a cash budget? It is a financial plan indicating projected receipts and payments to ensure that there is sufficient cash to meet payments  1 5.1.2 Why does depreciation and profit on sale of asset not appear in the Cash Budget? They are non-cash items.  1 5.1.3 Name TWO items other than depreciation and profit or loss on sale of asset which will appear in the Projected Income Statement but will not be included in the Cash Budget. Cost of sales, Discount received, Discount allowed, Trading Stock deficit, Bad debts. Any two correct answers  2 5.1.4 Debtors’ Collection Schedule for February 2015. CREDIT SALES PER MONTH JANUARY FEBRUARY November 57 000 8 550 December (57 500 X 15%)  57 500 17 250 8 625  January (56 000 X 30%)  56 000 26 600 16 800  February (if one part correct) (54 600 X 50%)  – 5% 54 600 - 25 935  (check operation) TOTAL RECEIVED 52 400 51 360  8 15 ### Page 16 Downloaded from hlayiso.com 10710/15 5.1.5 CASH BUDGET OF VARIA TRADERS FOR JANUARY AND FEBRUARY 2015 CASH RECEIPTS JANUARY FEBRUARY Cash sales (54 600 x75/25) 168 000 163 800 Cash received from Debtors 52 400  51 360 Rent income (Jan: # 27500 – 12 000) 15 500 #  27 500 Fixed deposit  123 600 Interest on bank account (42 000 x 6% / 12)  210 TOTAL RECEIPTS 235 900 366 470 CASH PAYMENTS Payments to creditors 70 000 81 000 Sundry expenses 17 700  18 400 New assets purchased 25 315 Salaries and wages 61 600 + ½ (30 800) 61 600  77 000 Interest on bank account (19 000 x 18% / 12) 285 TOTAL PAYMENTS 174 900 176 400 CASH SURPLUS (SHORTFALL) (61 000) 190 070 Bank (opening balance) (19 000)   42 000 Bank (closing balance)  42 000 232 070 20 (check operation for method marks) 16 ### Page 17 Downloaded from hlayiso.com 10710/15 5.2.1 Briefly explain how the preparation of a Debtors’ collection schedule and a Debtors’ age analysis could help Gary to control the accounts of Debtors. How the preparation of a Debtors’ collection schedule could help to control the accounts of Debtors: Any valid answer   It will ensure that Debtors keep to the credit terms of 30 days.  Measures could be taken if debtors do not keep to the credit terms.  Plan receipts from debtors in advance. How the preparation of a Debtors’ age analysis could help to control the accounts of Debtors: Any valid answer   It is an effective measure of credit control.  Action can be taken against debtors who do not comply by charging their accounts with interest / taking legal action.  Bad debts can be reduced. 4 5.2.2 Average Debtors’ collection period (in days) for the financial year (i) ending 30 June 2015. (220 000) ½  (38 900 + 71 100) x 365 640 000 x 75% (480 000) = 41,8 days = 42 days (if one part correct) 4 5.2.2 Briefly explain whether Lu would be satisfied with the collection (ii) period. Provide a reason for your answer. Valid reason depending on 5.2.2.(i) Lu would not be satisfied.  Possible reason:   Debtors do not comply with the credit terms of 30 days.  Control over debtors is not good, since debtors take longer than 30 days to pay. 2 17 ### Page 18 Downloaded from hlayiso.com 10710/15 5.2.3 Refer to information C and D below. From the information, identify ONE problem the owner is faced with from the Debtors’ Age Analysis and ONE from the Debtors’ control account. Quote information and figures to support your answer. Provide ONE solution to each of the problems. DEBTORS’ AGE ANALYSIS PROBLEM SOLUTION Any ONE Problem  Figure Any acceptable solution  *Two debtors exceed their credit *Increase control over debtors by limits: Meebos (R28 000) and limiting their purchases to the Ntombi (R13 800) credit limit. *Debtors do not adhere to the *Charge overdue accounts with credit terms of 30 days. The interest. accounts of Meebos (60 days+), *Send accounts regularly to press Pieters (60 days) and Ntombi for payment (60 days) are in arrears. DEBTORS’ CONTROL ACCOUNT PROBLEM SOLUTION Any ONE Problem  Figure  Any acceptable solution  *There are too many dishonoured *Limit cheque receipts by asking cheques (R6 700) compared to debtors to pay by debit card. the payments received from debtors (R58 500) *The bad debts are high (R4 900). *Scrutinize the credit history of potential debtors before allowing them credit. Limit their purchases. *The returns by debtors are high *Follow up on the reasons for (16% of the sales are returned - goods being returned. If the R8 000) quality of the products is problematic, change to other suppliers. 8 50 18 ### Page 19 Downloaded from hlayiso.com 10710/15 QUESTION 6: 6.1.1 Calculate the stock values that will appear in the Balance Sheet. Show all workings using the number of units and the appropriate unit value. Leather jackets (use the weighted average method) 44 000 + 372 000 + 13 000  . 80 + 600  = 630,88c Balance Sheet: 630,88 x 200  = R126 176 (if any one part correct) 5 Handbags (use the FIFO method) 100 X (55 X 11,90) = 65 450  140 X (50 X 11,50) = 80 500  240 X 20 (carriage) = 4 800  240 X 30 (import duty) = 7 200  TOTAL = 157 950  (if any one part correct) 5 19 ### Page 20 Downloaded from hlayiso.com 10710/15 6.1.2 Calculate the following for the handbags: Cost of sales Opening stock 51 750  Purchases 235 950  Carriage on purchases (20 X 400) 8 000  Customs Duty 12 000  Less: Closing stock (See 6.2) (157 950)  COST OF SALES R149 750  (check operation) 7 Gross profit 211 500 – 149 750 (See 2.3)  = R61 750 (if any one part correct) 3 Mark-up % achieved 61 750 x 100 149 750  1 = 41 %  (41,24%) (if any one part correct) 3 6.1.3 Skin suspects that a number of handbags have been shop-lifted. Calculate the number of bags stolen. Calculated cost of sales stock 100 + 400 – 240 = 260  Actual bags sold (235)  STOLEN 25 Bags  (if any one part correct) 3 20 ### Page 21 Downloaded from hlayiso.com 10710/15 6.2 Identify ONE problem in relation to each branch, quoting figures/amounts to support the problem. In each case, offer the owner advice on how to solve the problem. Branch Comment and figures Advice       Theft occurring. There are Improve internal control Soweto 40 cameras missing (380 – 340) Thembi Value of shortage of Do regular physical stock R320 000 (8 000 x 40) takings and stock checks Too much stock on hand. Restrict amount of stock Kagiso Only 300 out of 1 600 on hand as this could lead have been sold. to theft or out of date Diane stock. Stock will become Instead of paying Diane a obsolete / out of date, set monthly income he 1 280 left over should pay her on commission based on sales. Hillbrow R640 000 cash was Improve internal control stolen Karabo Division of duties 9 35 TOTAL: 300 marks 21 ## Related documents - [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 - [Gr 12 Accounting P1 (English) June 2024 Possible Answers](https://www.hlayiso.com/library/gr-12-accounting-p1-english-june-2024-possible-answers/11d6484c-77b1-4a71-8799-a6e1177c4dbc) — Accounting · Memo · 2024 · Eng - [Gr 12 Accounting P2 (English) 2024 Possible Answers](https://www.hlayiso.com/library/gr-12-accounting-p2-english-2024-possible-answers/2ac769f4-a38a-4036-9426-9410caa51b2a) — Accounting · Memo · 2024 · Eng - [ACCOUNTING P1 GR12 MEMO JUNE 2023 English](https://www.hlayiso.com/library/accounting-p1-gr12-memo-june-2023-english/b15a4456-2317-4298-9022-fc735fdc6214) — Accounting · Memo · 2023 · Eng - [ACCOUNTING P2 MEMO GR12 P2 JUNE 2022 English Final](https://www.hlayiso.com/library/accounting-p2-memo-gr12-p2-june-2022-english-final/edb5d545-b8d8-4365-b883-b3b3de78130f) — Accounting · Memo · 2022 · Eng - [ACCOUNTING P2 GR12 MEMO SEPT 2020 English](https://www.hlayiso.com/library/accounting-p2-gr12-memo-sept-2020-english/b6d54b19-200a-4cbf-aaad-8df18fd74e19) — Accounting · Memo · 2020 · Eng ## More from Grade 12 Accounting - [Accounting](https://www.hlayiso.com/library/accounting/8f42a6a4-9593-4d36-86b1-d890dd1bb1bf) — Guide - [ACCOUNTING P1 GR12 AB JCT ENG D watermark](https://www.hlayiso.com/library/accounting-p1-gr12-ab-jct-eng-d-watermark/77ae8297-53f7-47b3-8e29-57bd38f30483) — Addendum · 2025 · Eng - [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) — QP · 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 P1 (English) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p1-english-june-2025-answer-book/7e96e433-56f8-43a1-9a38-c68c465746dd) — Addendum · 2025 · Eng - [Accounting P2 (English ) June 2025 Answer Book](https://www.hlayiso.com/library/accounting-p2-english-june-2025-answer-book-1/73bffe7c-1c96-49bd-af78-abb8db8c6618) — Addendum · 2025 · 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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