Economic and Management Sciences Grade 9 P1 2026 Memo (Eng)

Mock hlayiso mock exams Practice Series: Grade 9 Exam Preparation WWW.HLAYISO.COM SENIOR PHASE END-OF-YEAR EXAMINATION GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES P1 FINANCIAL LITERACY NOVEMBER 2026 (MOCK) MARKING GUIDELINES MARKS: 70 These marking guidelines consist of 8 pages. Copyright reserved Please turn over

EMS/P1 2 Hlayiso/Mock 2026 Senior Phase – Marking Guidelines GENERAL MARKING GUIDELINES 1. One tick (✓) = one mark. Two ticks (✓✓) = two marks; award ONE mark for a correct method/part answer where indicated. 2. Doc. numbers, days and folio columns in the journals are NOT marked, unless stated. 3. Journals and ledgers: the amount must be in the correct column/on the correct side to earn the mark. Details/sundry account names must be relevant. 4. Consistent accuracy (CA): where an incorrect amount from an earlier part is used correctly later, award the later mark(s). Do not penalise the same error twice. 5. Accept answers that are worded differently but are correct; accept spelling that is clearly understandable. 6. Where a question asks for ONE answer, mark only the FIRST answer given. 7. Foreign entries: in the journals, deduct ONE mark for each wrong entry in a marked column (max. the marks for that journal); do not give negative marks. COGNITIVE LEVELS (approximate): Lower order (knowledge) 17 marks (24%), middle order (application/routine procedures) 43 marks (61%), higher order (analysis/evaluation/problem solving) 10 marks (14%). Copyright reserved Please turn over

EMS/P1 3 Hlayiso/Mock 2026 Senior Phase – Marking Guidelines SECTION A: SHORT QUESTIONS QUESTION 1 1.1 MULTIPLE-CHOICE QUESTIONS 1.1.1 C✓ Rent income is an income account (nominal) (1) 1.1.2 B✓ the seller keeps the duplicate invoice (1) 1.1.3 C✓ 2 400 × 150% = R3 600 (1) 1.1.4 C✓ a complete omission does not affect the debit/credit totals (1) 1.1.5 A✓ Telephone (expense) decreases OE; Bank decreases A (1) [5] 1.2 MATCHING ITEMS 1.2.1 B ✓ (Debtor) (1) 1.2.2 D ✓ (General Ledger) (1) 1.2.3 G ✓ (Mark-up) (1) 1.2.4 F ✓ (National Credit Act) (1) 1.2.5 C ✓ (Cost of sales) (1) [5] 1.3 CHOOSE THE CORRECT WORD 1.3.1 Debtors’ Journal ✓ (1) 1.3.2 current ✓ (1) 1.3.3 double-entry principle ✓ (1) 1.3.4 creditor ✓ (1) 1.3.5 expense ✓ (1) [5] TOTAL SECTION A: 15 Copyright reserved Please turn over

Copyright reserved EMS/P1 SECTION B: JOURNALS AND ACCOUNTING EQUATION QUESTION 2: SUBSIDIARY JOURNALS 2.1.1 Cash Receipts Journal of Kasi Kicks for October 2026 CRJ10 Analysis Bank Sales Cost of Debtors’ Sundry accounts Doc. Day Details Fol. of sales control receipts Amount Fol. Details 41 2 L. Mokoena 15 000 15 000 ✓ Capital ✓ CRR 18 Sales / Cash 6 650 6 650 ✓ 4 750 ✓✓ 42 25 B. Dube 1 000 1 000 ✓ 4 Mark Bank and Sales/Debtors’ control/Sundry together: the amount must appear in BOTH Bank and the analysis column. Cost of sales: 6 650 × 100/140 = 4 750 (one mark for the method). The Analysis of receipts column is used only when more than one receipt is deposited together; do not penalise if it is filled in. (6) 2.1.2 Cash Payments Journal of Kasi Kicks for October 2026 CPJ10 Bank Trading Wages Creditors’ Sundry accounts Doc. Day Name of payee Fol. Senior Phase – Marking Guidelines stock control Amount Fol. Details 102 14 Cash 2 850 2 850 ✓✓ 309 22 Fix-It Plumbing 1 250 1 250 ✓ Repairs 310 28 Jozi Footwear 12 350 12 350 ✓✓ Wholesalers Wages: 3 × 950 = 2 850. Creditors’ control: 3 600 + 8 750 = 12 350 (one method mark for 3 600+ the CJ total; CA on 2.1.4). Accept payee “Wages”/“Employees” on the 14th. Repairs: one mark for 1 250 in Sundry accounts with the detail Repairs (accept Repairs and maintenance). (5) Please turn over Hlayiso/Mock 2026

Copyright reserved EMS/P1 2.1.3 Debtors’ Journal of Kasi Kicks for October 2026 DJ10 Doc. Day Debtor Fol. Sales Cost of sales 18 9 B. Dube 2 380 ✓ 1 700 ✓✓ 2 380 × 100/140 = 1 700 (one mark for the method). (3) 2.1.4 Creditors’ Journal of Kasi Kicks for October 2026 CJ10 Creditors’ Trading Stationery Sundry accounts Doc. Day Creditor Fol. control stock Amount Fol. Details JF221 5 Jozi Footwear Wholesalers 8 750 ✓✓ 8 400 ✓ 350 ✓ 5 8 400 + 350 = 8 750. Accept stationery entered in Sundry accounts with the detail “Stationery”. (4) 2.2 Reducing the risk of bad debts (any ONE, ✓✓) (2) • Check the customer’s credit record/credit-worthiness (e.g. with a credit bureau) before allowing credit. • Set a credit limit for each debtor. • Send monthly statements and reminders; phone debtors whose accounts are overdue. Senior Phase – Marking Guidelines • Charge interest on overdue accounts (as allowed by the National Credit Act). • Offer a discount for early payment / ask for a deposit. • Stop further credit until the outstanding amount is paid. Award 1 mark for a vague answer, e.g. “make sure they pay”. Accept any other correct and relevant answer. [20] Please turn over Hlayiso/Mock 2026

EMS/P1 6 Hlayiso/Mock 2026 Senior Phase – Marking Guidelines QUESTION 3: ACCOUNTING EQUATION Account Effect on accounting equation No. Account debited Amount credited A OE L e.g. Advertising Bank 2 500 − − 0 3.1 Debtors’ control ✓ Sales 6 000 ✓✓ + + 0✓ Cost of sales Trading stock 4 800 ✓ − − 0✓ 3.2 Creditors’ control ✓ Bank 7 300 − 0 −✓ 3.3 Drawings ✓ Bank 1 500 − − 0✓ 3.1: 4 800 × 125% = 6 000 (one mark for the method). The effects mark on each line is awarded only if all three columns of that line are correct (0 may be shown as a blank). [10] TOTAL SECTION B: 30 Copyright reserved Please turn over

EMS/P1 7 Hlayiso/Mock 2026 Senior Phase – Marking Guidelines SECTION C: LEDGERS AND TRIAL BALANCE QUESTION 4: GENERAL LEDGER GENERAL LEDGER OF THABA WHOLESALERS BALANCE SHEET ACCOUNTS SECTION Dr Trading Stock B5 Cr Date Details Fol. Amount Date Details Fol. Amount 2026 1 Balance b/d 38 600 2026 30 Cost of sales CRJ9 64 000 ✓ Sept Sept 30 Bank CPJ9 57 500 ✓✓ Cost of sales DJ9 35 000 ✓ Creditors’ control CJ9 39 200 ✓ Balance c/d 36 300 ✓ 135 300 135 300 ✓ 2026 1 Balance b/d 36 300 ✓ Oct Bank (CPJ trading stock): 134 750 − 18 600 − 37 400 − 21 250 = 57 500 (one mark for the method). Each amount mark requires the correct side; Details: accept the contra account (Bank/Creditors’ control on the debit side; Cost of sales on the credit side); folios are not marked. Totals mark: both totals equal and correct (CA). Balance c/d and b/d: CA. [8] QUESTION 5: DEBTORS’ LEDGER 5.1 2 640 + 3 150 = R5 790 ✓ (1) 5.2 (Duplicate) receipt ✓ (1) 5.3 DJ / DJ9 (Debtors’ Journal) ✓ (1) 5.4 Selling price: 1 800 × 150% = R2 700 ✓ New balance: 3 790 + 2 700 = R6 490 ✓ (CA on the selling price; R5 590 using cost price earns 1 mark) (2) 5.5 Any ONE explanation ✓✓: • The business knows at any time exactly how much EACH debtor owes. • It can send each debtor an accurate monthly statement of account and find errors or omissions. • It can follow up debtors who pay late and decide whether to give them more credit. • The total of all the debtors’ accounts can be checked against the Debtors’ control account. (2) [7] Copyright reserved Please turn over

EMS/P1 8 Hlayiso/Mock 2026 Senior Phase – Marking Guidelines QUESTION 6: TRIAL BALANCE Trial Balance of Mabaso Motor Spares on 31 October 2026 Fol. Debit Credit BALANCE SHEET ACCOUNTS SECTION Capital B1 165 110 ✓✓ Vehicles B2 120 000 Equipment B3 34 500 Trading stock B4 41 300 Drawings B5 6 400 ✓ Debtors’ control B6 8 760 ✓ Bank B7 15 940 ✓ Loan: Imali Bank B8 30 000 Creditors’ control B9 12 380 ✓ NOMINAL ACCOUNTS SECTION Sales N1 96 450 Wages N2 14 600 Cost of sales N3 64 300 ✓ Rent income N4 7 200 ✓ Water and electricity N5 3 280 Telephone N6 1 120 Stationery N7 940 ✓ 311 140 311 140 ✓ Capital (balancing figure): total debits = 311 140; credits without capital = 12 380 + 30 000 + 96 450 + 7 200 = 146 030; Capital = 311 140 − 146 030 = R165 110. Award ONE method mark for a correct method with an arithmetic error. Marking: each ✓ only if the account is in the correct SECTION and the amount on the correct SIDE. Loan and Creditors’ control: one mark for both. Water and electricity, Telephone and Stationery: one mark for all three. Totals: one mark if both totals are equal (CA). Folio numbers and the order of accounts within a section are not marked. [10] TOTAL SECTION C: 25 TOTAL: 70 Copyright reserved