Accounting Paper 1 (English)

May-June 2026 โ€” Grade 12 / Matric โ€” Accounting

Past Paper 2026 Grade 12 English Accounting Hub โ†’
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๐ŸŽฏ 4 marks ๐Ÿ“„ 12 pages ๐Ÿ“ 22 items found ๐Ÿ“š 4 topics
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Questions โ€” A Preview of What to Expect in the Document

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Q1โ€” Section header โ€”
1.1Calculate the value of closing stock using the specific identification method on 28 February WORKINGS ANSWER Hidance Ketwood
1.2Calculate the total amount of the fixed deposit on 28 February 2026. WORKINGS ANSWER
Q2โ€” Section header โ€”
2.2METRO LTD
2.2.1RETAINED INCOME NOTE Balance on 1 April 2025 Ordinary share dividend Final 1 302 000 Balance on 31 March 2026
2.2.2CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2026 CASH FLOW FROM OPERATING ACTIV IES (1 557 140\ Cash generated from operations Interest paid (126 800\
2.3Calculate the following financial indicators on 31 March 2026: Debt equity ratio WORKINGS ANSWER Net asset value per share WORKINGS ANSWER Acid
Q3โ€” Section header โ€”
3.1Profitability/ perating efficiency: Explain how the change in the mark up percentage has benefitted the company. State ONE point with figures. The directors are of the opinion that the company s operating expenses
3.2Liquidity: The directors are satisfied with the credit policy of the company. Quote and explain TWO relevant financial indicators to justify this statement. The directors are not concerned with the decline of the acid
3.3Returns, earnings and dividends: Comment on why the shareholders should be satisfied with the return on their investment. Quote and explain ONE financial indicator. The earnings per share (EPS\ is higher than the dividends per share
3.4Share value: Explain what the net asset value per share represents. State ONE point. Give TWO reasons why the share price on the stock exchange is much
3.5Risk and g earing Explain why it will be wise for Refined Interiors Ltd to use loans more often in the future. Quote and explain TWO financial indicators.
3.6Shareholding: Calculate the issue price per share for the new shares issued. WORKINGS ANSWER Calculate the number of new shares purchased by Nabeel. WORKINGS ANSWER Give ONE
3.7Cash flow: The directors are pleased with the company s net change in cash flow on 31 March 2026. Explain why they consider this a good way of hand ing the cash in the operating, investing and financing activities.
Q4โ€” Section header โ€”
4.1Explain the roles and responsibilities of the following within a company: Board of directors Remuneration committee State ONE point in each case. Board of directors
4.2Identify the type of unethical and illegal conduct that Jeppy has committed.
4.3Briefly explain TWO ways in which Jeppy s actions could potentially affect the company. 12
4.4Make TWO recommendations that the other directors should present to the board of directors and the remuneration committee in response to Jeppy s conduct.
4.5ffective corporate governance can reduce the risk of directors acting unethically State TWO problems identified in relation to Top D Ltd and give solution for EACH

Topics Identified

4
InventoriesBudgetingFinancial StatementsCompanies

Paper information

SubjectAccounting
Year2026
SessionMay-June
TypePast Paper
PaperPaper 1
LanguageEnglish
Pages12
Downloads13

Examination context

Decade2020s
Years ago0y
Seasonโ€”
Start dayโ€”
Exam periodโ€”
Days since examโ€”

About Accounting examination preparation

Grade 12 Accounting tests bookkeeping, financial statements, and interpretation of corporate data. Paper 1 covers VAT and manufacturing accounts, while Paper 2 tests partnerships and corporations.

Every available Grade 12 Accounting past paper and memorandum is collected in the Accounting hub at accounting.freemode.co.za โ€” browse all years, sessions and languages in one place.

How to use this resource for revision

A past examination paper is most useful when it is treated as an active revision exercise. Try the questions yourself before checking the corresponding memorandum. Where you make an error, identify the reason โ€” was it a knowledge gap, a calculation mistake, an interpretation issue, or an examination technique problem?

For stronger examination practice, complete the paper without unnecessary interruptions and keep track of the questions that take the most time. Afterwards, review the memorandum and separate knowledge gaps from mistakes caused by interpretation, calculation, structure, or examination technique.

accurate accounting calculations
interpreting financial information
applying accounting principles
presenting structured answers
checking numerical accuracy

A practical revision approach

Accounting rewards presentation discipline โ€” the memorandum allocates method marks on a per-line basis. Keep working papers neat, label every calculation, and never skip a step.

Grade 12 subject hubs

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Corresponding marking memorandum

Marking memorandum available

Use the corresponding memorandum after completing the paper to review your answers and identify areas that require further revision. The memorandum shows the marking approach used by DBE examiners, including method-mark allocations.

Accounting Memo 1 (English) โ†’

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File size246.1 KB
Pages12
Archived on11 October 2026
File age12d
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