Economic and Management Sciences Grade 8 P1 2026 Addendum

STICKER CENTRE NUMBER EXAMINATION NUMBER SENIOR PHASE ECONOMIC AND MANAGEMENT SCIENCES P1 FINANCIAL LITERACY GRADE 8 NOVEMBER 2026 (MOCK) SPECIAL ANSWER BOOK WWW.HLAYISO.COM QUESTION MARKS INITIAL MOD. 1 15 2 8 3 10 4 22 5 10 6 10 TOTAL This answer book consists of 7 pages. Copyright reserved Please turn over

EMS/P1 2 Hlayiso/Mock 2026 Senior Phase – Answer Book Mock NAME AND SURNAME: CLASS: SECTION A: SHORT QUESTIONS QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 5 1.1.5 1.2 1.2.1 1.2.2 1.2.3 1.2.4 5 1.2.5 1.3 1.3.1 1.3.2 1.3.3 1.3.4 5 1.3.5 TOTAL SECTION A: 15 Copyright reserved Please turn over

EMS/P1 3 Hlayiso/Mock 2026 Senior Phase – Answer Book Mock SECTION B: CONCEPTS AND ACCOUNTING EQUATION QUESTION 2: ACCOUNTING CYCLE AND CLASSIFICATION OF ACCOUNTS 2.1 A B C 4 D 2.2 No. Account Classification 2.2.1 Vehicles 2.2.2 Loan: Ubuntu Bank 2.2.3 Advertising 4 2.2.4 Rent income QUESTION 3: ACCOUNTING EQUATION Effect on accounting equation No. Account debited Account credited Assets Owner’s Liabilities equity e.g. Bank Current income +3 200 +3 200 0 3.1 3.2 3.3 3.4 3.5 10 TOTAL SECTION B: 18 Copyright reserved Please turn over

Copyright reserved EMS/P1 SECTION C: CASH JOURNALS QUESTION 4: CASH RECEIPTS AND CASH PAYMENTS JOURNALS 4.1 Cash Receipts Journal of Sparkle Car Wash for August 2026 CRJ1 Analysis of Current Sundry accounts Doc. Day Details Fol. receipts Bank income Amount Fol. Details 4 8 Senior Phase – Answer Book Mock Please turn over Hlayiso/Mock 2026

Copyright reserved EMS/P1 4.2 Cash Payments Journal of Sparkle Car Wash for August 2026 CPJ1 Consumable Sundry accounts Doc. Day Name of payee Fol. Bank Wages stores Amount Fol. Details 5 12 Senior Phase – Answer Book Mock Please turn over Hlayiso/Mock 2026

EMS/P1 6 Hlayiso/Mock 2026 Senior Phase – Answer Book Mock 4.3 Do you agree? Explain your answer. 2 TOTAL SECTION C: 22 SECTION D: GENERAL LEDGER AND TRIAL BALANCE QUESTION 5: GENERAL LEDGER GENERAL LEDGER OF KGOTSO PLUMBING SERVICES BALANCE SHEET ACCOUNTS SECTION 5.1 Dr Bank B5 Cr Date Details Fol. Amount Date Details Fol. Amount 2026 1 Balance b/d 18 600 Sept 6 5.2 Dr Capital B1 Cr Date Details Fol. Amount Date Details Fol. Amount 2026 1 Balance b/d 60 000 Sept 2 5.3 Is Mpho correct? Explain. (2) Copyright reserved Please turn over

EMS/P1 7 Hlayiso/Mock 2026 Senior Phase – Answer Book Mock QUESTION 6: TRIAL BALANCE 6.1 Trial Balance of Lerato’s Tutoring Services on 31 October 2026 Fol. Debit Credit BALANCE SHEET ACCOUNTS SECTION Capital B1 Drawings B2 Equipment B3 38 500 Vehicles B4 95 000 B5 B6 B7 NOMINAL ACCOUNTS SECTION Current income N1 N2 Wages N3 18 600 N4 N5 N6 N7 Workings: Capital 8 6.2 Do you agree? Give a reason. (2) TOTAL SECTION D: 20 TOTAL: 75 Copyright reserved