Economic and Management Sciences Grade 9 P1 November Mock 2026 QP

Copyright reserved Please turn over 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) MARKS: 70 TIME: 1 hour This question paper consists of 8 pages and a separate ANSWER BOOK.

EMS/P1 2 Senior Phase Mock Hlayiso/Mock 2026 INSTRUCTIONS AND INFORMATION Read the following instructions carefully before answering the questions. 1. This question paper consists of THREE sections and covers the Grade 9 Financial Literacy work of the whole year. SECTION A: SHORT QUESTIONS QUESTION 1.1: Multiple-choice questions (5) QUESTION 1.2: Matching items (5) QUESTION 1.3: Choose the correct word (5) [15] SECTION B: JOURNALS AND ACCOUNTING EQUATION QUESTION 2: Subsidiary journals (20) QUESTION 3: Accounting equation (10) [30] SECTION C: LEDGERS AND TRIAL BALANCE QUESTION 4: General Ledger (8) QUESTION 5: Debtors’ Ledger (7) QUESTION 6: Trial Balance (10) [25] 2. ALL questions are compulsory. 3. Answer ALL the questions in the ANSWER BOOK provided. Write your name and class on the ANSWER BOOK. 4. Show ALL workings to earn part-marks. 5. You may use a non-programmable calculator. 6. Write neatly and legibly. Copyright reserved Please turn over

EMS/P1 3 Senior Phase Mock Hlayiso/Mock 2026 SECTION A: SHORT QUESTIONS QUESTION 1 1.1 MULTIPLE-CHOICE QUESTIONS Various options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question numbers (1.1.1 to 1.1.5) in the ANSWER BOOK, e.g. 1.1.6 D. 1.1.1 Which ONE of the following accounts is recorded in the NOMINAL ACCOUNTS SECTION of the General Ledger? A Debtors’ control B Vehicles C Rent income D Drawings (1) 1.1.2 Bafana Traders sold goods on credit to a customer. Which source document will Bafana Traders use to record this transaction? A Original invoice B Duplicate invoice C Duplicate receipt D Cash register roll (1) 1.1.3 Goods that cost R2 400 were sold for cash at a mark-up of 50% on cost. The selling price of the goods was … A R1 200. B R2 400. C R3 600. D R4 800. (1) 1.1.4 Which ONE of the following errors will NOT cause the totals of the Trial Balance to differ? A The balance of the Bank account was entered in the credit column of the Trial Balance. B The Sales account was added up incorrectly. C A transaction was left out of the books completely. D Only the debit side of a transaction was posted. (1) Copyright reserved Please turn over

EMS/P1 4 Senior Phase Mock Hlayiso/Mock 2026 1.1.5 The business paid its telephone account of R980 by EFT. The effect on the accounting equation is … A assets −980; owner’s equity −980; liabilities 0. B assets −980; owner’s equity 0; liabilities −980. C assets +980; owner’s equity +980; liabilities 0. D assets 0; owner’s equity −980; liabilities +980. (1) [5] 1.2 MATCHING ITEMS Choose a term in COLUMN B that matches a description in COLUMN A. Write only the letter (A–G) next to the question numbers (1.2.1 to 1.2.5) in the ANSWER BOOK, e.g. 1.2.6 H. COLUMN A COLUMN B 1.2.1 A person who owes the business money for goods bought on credit A Trade discount 1.2.2 The book of final entry in which the totals of the subsidiary journals are posted to accounts B Debtor 1.2.3 The amount added to the cost price of goods to arrive at the selling price C Cost of sales 1.2.4 The law that protects consumers who buy goods and services on credit D General Ledger 1.2.5 The value of the goods sold, calculated at cost price E Creditor F National Credit Act G Mark-up [5] 1.3 CHOOSE THE CORRECT WORD Choose the correct word(s) from those given in brackets. Write only the word(s) next to the question numbers (1.3.1 to 1.3.5) in the ANSWER BOOK, e.g. 1.3.6 Bank. 1.3.1 Goods sold on credit are recorded in the (Cash Receipts Journal/Debtors’ Journal). (1) 1.3.2 Trading stock is classified as a (current/non-current) asset. (1) 1.3.3 The rule that every transaction is recorded in at least two accounts, once on the debit side and once on the credit side, is called the (double-entry principle/accounting equation). (1) 1.3.4 A supplier to whom the business owes money is known as a (debtor/creditor). (1) 1.3.5 Water and electricity is a/an (asset/expense) account. (1) [5] TOTAL SECTION A: 15 Copyright reserved Please turn over

EMS/P1 5 Senior Phase Mock Hlayiso/Mock 2026 SECTION B: JOURNALS AND ACCOUNTING EQUATION QUESTION 2: SUBSIDIARY JOURNALS Lerato Mokoena owns Kasi Kicks, a shop in Soweto that sells sneakers for cash and on credit. The business buys its stock for cash and on credit, and uses a mark-up of 40% on cost price. The business employs three shop assistants who are paid weekly. REQUIRED: 2.1 Record the transactions below in the following journals of Kasi Kicks for October 2026. Do NOT close off the journals at the end of the month. 2.1.1 Cash Receipts Journal (6) 2.1.2 Cash Payments Journal (5) 2.1.3 Debtors’ Journal (3) 2.1.4 Creditors’ Journal (4) 2.2 Lerato is worried that B. Dube may not pay the rest of the amount that he owes. Suggest ONE way in which Kasi Kicks can reduce the risk that debtors do not pay their accounts. (2) INFORMATION: The business owed Jozi Footwear Wholesalers R3 600 on 1 October 2026. TRANSACTIONS FOR OCTOBER 2026 2 Lerato increased her capital contribution by transferring R15 000 from her personal bank account into the business bank account. Receipt 41 was issued. 5 Bought the following on credit from Jozi Footwear Wholesalers (invoice JF221): Trading stock, R8 400 Stationery, R350 9 Sold sneakers on credit to B. Dube for R2 380. Invoice 18 was issued. 14 Withdrew cash from the bank (withdrawal no. 102) to pay the weekly wages of the three shop assistants, R950 each. 18 Cash sales of sneakers according to the cash register roll (CRR), R6 650. 22 Paid R1 250 to Fix-It Plumbing for repairs to the shop’s water pipes, EFT 309. 25 B. Dube paid R1 000 into the business bank account in part payment of his account. Receipt 42 was issued. 28 Settled the full amount owed to Jozi Footwear Wholesalers, EFT 310. [20] Copyright reserved Please turn over

EMS/P1 6 Senior Phase Mock Hlayiso/Mock 2026 QUESTION 3: ACCOUNTING EQUATION The transactions below were taken from the books of Umsebenzi Hardware for November 2026. REQUIRED: Analyse each transaction and show the accounts debited and credited, the amount, and the effect (+, −or 0) on the accounting equation. Use the table in the ANSWER BOOK. An example has been done for you. No. Transaction e.g. Paid R2 500 for advertising by EFT. 3.1 Sold goods on credit to T. Khoza. The goods cost R4 800 and the business uses a mark-up of 25% on cost. 3.2 Paid R7 300 by EFT to Mzansi Tools Suppliers (a creditor) in settlement of the account. 3.3 The owner, S. Nkosi, transferred R1 500 from the business bank account to pay his son’s school fees. [10] TOTAL SECTION B: 30 Copyright reserved Please turn over

EMS/P1 7 Senior Phase Mock Hlayiso/Mock 2026 SECTION C: LEDGERS AND TRIAL BALANCE QUESTION 4: GENERAL LEDGER The information below was taken from the books of Thaba Wholesalers for September 2026. The business uses a perpetual inventory system. REQUIRED: Complete the Trading Stock account in the General Ledger of Thaba Wholesalers for September 2026. Balance the account at the end of the month. (8) INFORMATION: Balance of the Trading Stock account on 1 September 2026: R38 600 Column totals of the subsidiary journals on 30 September 2026: Cash Receipts Journal of Thaba Wholesalers – September 2026 CRJ9 Bank Sales Cost of sales Debtors’ control Sundry accounts 186 420 96 000 64 000 41 920 48 500 Cash Payments Journal of Thaba Wholesalers – September 2026 CPJ9 Bank Trading stock Wages Creditors’ control Sundry accounts 134 750 ? 18 600 37 400 21 250 Debtors’ Journal of Thaba Wholesalers – September 2026 DJ9 Sales Cost of sales 52 500 35 000 Creditors’ Journal of Thaba Wholesalers – September 2026 CJ9 Creditors’ control Trading stock Stationery Sundry accounts 44 980 39 200 2 380 3 400 [8] Copyright reserved Please turn over

EMS/P1 8 Senior Phase Mock Hlayiso/Mock 2026 QUESTION 5: DEBTORS’ LEDGER The incomplete account of N. Pillay in the Debtors’ Ledger of Ubuntu Crafts is given below. Ubuntu Crafts uses a mark-up of 50% on cost price. Debtors’ Ledger of Ubuntu Crafts N. Pillay D4 Date Details Fol. Debit Credit Balance 2026 Sept 1 Account rendered 2 640 6 Invoice 57 3 150 (A) 15 (B) 23 CRJ 2 000 3 790 22 Invoice 64 (C) ? (D) 5.1 Calculate the balance labelled (A). (1) 5.2 Name the source document labelled (B). (1) 5.3 Give the folio reference labelled (C). (1) 5.4 On 22 September N. Pillay bought goods on credit that cost Ubuntu Crafts R1 800. Calculate the new balance labelled (D). Show your workings. (2) 5.5 Explain ONE reason why the business keeps a separate account for EACH debtor in the Debtors’ Ledger. (2) [7] QUESTION 6: TRIAL BALANCE The balances and totals below were taken from the General Ledger of Mabaso Motor Spares on 31 October 2026. The bookkeeper did not record the balance of the Capital account. REQUIRED: Complete the Trial Balance of Mabaso Motor Spares on 31 October 2026 in the ANSWER BOOK. Some items have already been entered for you. Calculate and show the balance of the Capital account. (10) INFORMATION: Cost of sales 64 300 Equipment 34 500 Telephone 1 120 Rent income 7 200 Bank (favourable) 15 940 Trading stock 41 300 Capital ? Wages 14 600 Creditors’ control 12 380 Sales 96 450 Drawings 6 400 Stationery 940 Loan: Imali Bank 30 000 Vehicles 120 000 Debtors’ control 8 760 Water and electricity 3 280 [10] TOTAL SECTION C: 25 TOTAL: 70 Copyright reserved