accounting grade 12 case study term 3 2021 memorandum

2021 Grade 12 Accounting Term 3 Case Study: Budgeting

Province of the EASTERN CAPE DEPARTMENT OF EDUCATION CURRICULUM SUPPORT AND MANAGEMENT

Note to Learners:

• The case study comprises TWO separate Questions.
• Answer both Questions in the special Answer Book provided.
• Show all workings to earn part marks.

Question 1:  (28 marks)

The information relates to Tokyo Traders, for the two months August and September 2021.

1.1 Complete the Debtors Collection Schedule for September 2021 and the extract of the Cash Budget. Note that some amounts are provided in the Answer Book.

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1.2 Calculate the missing amounts on the Cash Budget denoted by (i) to (v)

INFORMATION

A. Sales and Purchases

• Credit sales comprises 60% of total sales
• 40% pay in the month of sales and receive 5% discount.
• 35% pay in the month following the month of sales
• 23% pay in two months after the month of sales
• The balance accounts for bad debts
• A profit mark-up of 25% is applied on all sales.
• A base stock is maintained. Stock sold is replaced in the month of sales.
• 80% of stock is purchased on credit. Creditors are paid in the second month following the month of purchases. (60 days)

B. Information extracted from the Cash Budget:

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Accounting Grade 12

Grade 12 accounting project tasks for term 1, 2, 3 and 4 sba: memorandum.

Grade 12 Accounting Project Tasks for Term 1, 2, and 3 (Task A, B, C and D) SBA: Memorandum: The final Grade 12 mark is calculated from the National Senior Certificate (NSC) examination that learners will write (out of 300 marks) plus school-based assessment (out of 100 marks). The curriculum stipulates the following seven formal tasks that comprise school–based assessment in Accounting:

• 1 Purposes of Accounting Grade 12 Project Tasks
• 2 Accounting Grade 12 School-based Assessments
• 3 Examplars
• 4.1 Task A: Students are required to Report on Companies for 20 marks
• 4.2 Task B: First Term Test: Financial statements of a company
• 5.1 Task D Third Term Case Study: Cash budget and debtors

Purposes of Accounting Grade 12 Project Tasks

• The school-based assessment provides a more balanced and trustworthy assessment system, increasing the range and diversity of assessment tasks.
• The exemplar tasks are aimed at reflecting the depth of the curriculum content appropriate for Grade 12.
• They reflect the desired cognitive demands as per Bloom’s revised taxonomy: remembering, understanding, applying, analysing, evaluating, and creating.
• School-based assessment improves the validity of assessment by including aspects that cannot be assessed in formal examination settings.
• It improves the reliability of assessment because judgments will be based on many observations of the learner over an extended period of time.
• There is a beneficial effect on teaching and learning, not only in relation to the critical analysis and evaluation of Accounting information and creative problem-solving but also on teaching and assessment practices.

Accounting Grade 12 School-based Assessments

Accounting Grade 12 Tasks for Term 1

Task a: students are required to report on companies for 20 marks.

• Part A: Report on a public company listed on the JSE .
• Part B: Internal auditor’s report on procedures and internal controls in a public company

Task B: First Term Test: Financial statements of a company

This task includes shares of no par value and repurchase of shares. This task is suitable for Grade 12 learners from 2014 (CAPS).

Task C: Second Term Project:

Published financial statements of Famous Brands Ltd This task is suitable for Grade 12 learners from 2014 (CAPS).

Task D Third Term Case Study: Cash budget and debtors

This task is suitable for Grade 12 learners from 2014 (CAPS)

Grade 12 Accounting Task: Report on a public company listed on the JSE Guide

Accounting Grade 12 Past Exam Papers 2020 September for study revision

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Accounting Grade 12 Past Exam Question Papers and Memorandums with Notes | PDF Download: 2024, 2023, 2022

Are you preparing for your Grade 12 Accounting exams? If yes, then you’ve come to the right place! On the mycourses.co.za website, both students and teachers will find a treasure trove of resources specifically tailored for Accounting Grade 12.

https://youtu.be/dzjpmeHQBiU

Grade 12 Accounting within the CAPS (Curriculum and Assessment Policy Statement) framework in South Africa is a comprehensive course designed to prepare students for tertiary education in accounting, finance, and related fields, as well as for entry into the workforce. It encompasses a wide range of topics that equip learners with the necessary skills and knowledge to manage financial information effectively.

Key Components of Grade 12 Accounting CAPS Include:

• Financial Accounting : This area covers the preparation and analysis of financial statements for sole proprietors, partnerships, companies, and non-profit organisations. Learners are taught how to record and interpret financial transactions, prepare final accounts, and understand financial indicators.
• Managerial Accounting : Focuses on concepts like budgeting, financial planning, cost accounting, and financial management. Students learn how to make informed decisions based on financial data, manage resources efficiently, and plan for future financial stability.
• Ethical Considerations : Ethics in accounting is an essential part of the curriculum. Students are introduced to the ethical standards and practices necessary for maintaining integrity and professionalism in accounting.
• Regulatory Frameworks : Understanding the legal and regulatory environment in which accounting operates is crucial. This includes knowledge of relevant laws, accounting standards, and tax regulations.
• Accounting Technologies : With the increasing use of technology in accounting, learners are exposed to accounting software and systems used for processing and reporting financial information.
• Practical Application : The CAPS curriculum emphasizes the practical application of accounting knowledge through Practical Assessment Tasks (PATs), projects, and case studies. This hands-on approach helps students apply theoretical knowledge to real-world scenarios.
• Preparation for Further Education and the Workplace : Grade 12 Accounting prepares students for further studies in accounting, finance, and business studies at tertiary institutions. It also equips them with the skills needed for entry-level positions in the accounting and finance sectors.

Through a combination of theoretical knowledge and practical application, the Grade 12 Accounting CAPS curriculum aims to develop critical thinking, problem-solving, and analytical skills in learners. It prepares them not only for their final exams but also for a successful career in the accounting and finance industries.

Key Resources Include:

• Past Exam Question Papers and Memorandums : These are available for downloading in PDF format for years 2024, 2023, and 2022, covering both Paper 1 and Paper 2. This resource is invaluable for understanding the type of questions asked and the correct answers expected.
• Revision Notes and Materials : The site has compiled a vast collection of study notes adhering to both CAPS and IEB curriculums across all four terms of the academic year. These notes are essential for revising and strengthening your accounting concepts.
• Study Guides and Textbooks : Whether you’re looking for free resources or willing to invest in your education by purchasing materials, there’s something for everyone. These guides and textbooks are designed to help you pass your exams with flying colours.
• Teaching Resources : For educators, the site offers a range of materials including the CAPS Document, Annual Teaching Plans, and Teacher Guides. These resources are designed to assist in delivering effective lessons and covering the curriculum comprehensively.
• Practical Assessment Tasks (PATs) and Examination Scopes : These resources provide insights into practical aspects of the subject and outline the areas of focus for your exams.
• Marking Guidelines and Exemplars : Especially useful for teachers, these documents help in understanding the marking scheme and setting standards for evaluating students’ performance.
• Preparatory and Preliminary Exam Papers : To help you get as prepared as possible, the site offers a range of exam papers from previous years to practice on.
• YouTube Lessons : For visual and auditory learners, the site links to lesson videos on specific topics within the Grade 12 Accounting curriculum.

This comprehensive suite of resources is designed to support both learners aiming to excel in their exams and teachers striving to provide the best education possible. Whether you’re starting your revision early or doing some last-minute studying, mycourses.co.za is the place to go for all your Accounting Grade 12 needs.

Accounting Grade 12 Past Exam Question Papers and Memorandums with Notes | PDF Download

Are you seeking comprehensive resources for Accounting Grade 12? Discover our extensive collection of past exam question papers and memorandums, available in PDF format for easy download. This valuable compilation is not just a collection but a strategic asset for exam preparation and practice, catering to both English and Afrikaans mediums.

Accounting Grade 12 Task 1 SBA Written Report 2024 Guide

Previous Exam Question Papers

Our library includes papers spanning several years, covering the months of February/March, June, September, and November for the years 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016. It features Memorandum Question Papers in both English and Afrikaans, ensuring thorough preparation. Additionally, we offer exemplar preparatory exam papers from all provinces—Gauteng, Limpopo, Western Cape, Eastern Cape, Northern Cape, KwaZulu Natal, Mpumalanga, Free State, and North West—to provide a wide perspective on curriculum demands nationwide.

Accounting Grade 12 Term 1 March Control Tests: Question Papers and Memos

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Accounting Grade 12 Term 2 June Mid-Year Exam: Question Papers and Memos

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Accounting Grade 12 Term 3 September Preparatory Exam: Question Papers and Memos

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Accounting Grade 12 Term 4 November Final Exam: Question Papers and Memos

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Accounting Grade 12 September 2020 Term 3 Controlled Tests Past Papers and Memos

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Accounting grade 12 question papers, notes, and study guides: 2023, 2022, 2021, 2020.

If you are a Grade 12 learner preparing for your Accounting exams, you are in the right place. We understand that Accounting can be a challenging subject, which is why we have compiled an array of resources to help you prepare for your exams.

Revision Notes Materials:

Our Revision Notes Materials include study notes for both the CAPS and IEB curriculums for each term. Whether you are studying for Term 1, Term 2, Term 3, or Term 4, we have gathered plenty of study notes to help you prepare for your exams.

Previous Exam Question Papers:

To help you practice, we have past exam papers for February/March, June, September, and November for the years 2022, 2021, 2020, 2019, 2018, 2017, and 2016. We also have Memorandum Question Papers in both English and Afrikaans, as well as memos in English and Afrikaans. You will also find exemplars preparatory exam papers for each province: Gauteng, Limpopo, Western Cape, Eastern Cape, Northern Cape, Kwazulu Natal, Mpumalanga, Free State, and North West Province.

Study Guides and Textbooks:

We have a collection of textbooks and study guides for learners who wish to pass their exams. Some are free and some require purchase. Our resources are designed to provide you with a comprehensive understanding of the concepts you will be tested on in your Accounting exams.

Teaching Resources:

For teachers, we offer CAPS documents, Annual Teaching Plans, and Teacher Guides. These resources are designed to help you effectively teach the subject and provide your learners with the best possible chance of success.

Our Accounting Grade 12 Question Papers, Notes, and Study Guides cover the years 2023, 2022, 2021, and 2020. Our resources are comprehensive and designed to help both learners and teachers achieve success. Whether you are preparing for your exams or looking to improve your teaching, we have the resources you need.

Accounting Grade 12 Exemplar Past Final Exam Papers 2020 Afrikaans

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Accounting grade 12 past question papers (South Africa)

Accounting grade 12 past question papers

• Accounting Feb-March 2016 Answer Book Eng
• Accounting Feb-March 2016 Eng
• Accounting Feb-March 2016 Memo Eng
• Accounting Feb-March 2015 Answer Book Eng
• Accounting Feb-March 2015 Eng
• Accounting Feb-March 2015 Memo Eng
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• Accounting Nov 2015 Memo Eng

Browse Accounting Courses to study after Matric in South Africa

Do you know that there are plenty of accounting Courses that you can study after you matric grade 12 in South Africa?

Hello Grade 12 Learners. Modern Classroom has everything for you needed to pass your matric exams, tests, assessments, research tasks and assignments under CAPS Curriculum . Feel free to explore all resources for grade 12, such as Study Guides, DBE Past Exam Papers with Memos , and Speech Topics . That’s if you want to know how to pass grade 12 with distinctions in South Africa Modern Classroom

Why passing Grade 12 is very important

Grade 12 ultimately prepares you for the real world out there, and most importantly matric is your ultimate gateway for varsity. You really need good marks in Grade 12 in order to pass well and study what you like . Good Grade 12 marks means good APS Score.

The calculation of an Admission Point Score (APS) is based on a candidate’s achievement in any SIX recognised National Senior Certificate 20-credit subjects (including subjects from the non-designated subject list, e.g. CAT , Tourism , Hospitality Studies and Civil , Electrical & Mechanical Technology , etc.), by using the NSC seven-point rating scale. Life Orientation is a 10-credit subject and may not be used for calculating the APS. Life Orientation is also not a faculty-specific subject requirement.

Have you made your career choice yet?

Now that you are in your final year of studies, have you made up your mind about what career you want to pursue after matric? Have a look at below questions and click on the links for more information:

Do you know:

• If you want to study at a University or College ?
• What career do you plan to pursue after school ?
• What subjects you will need to study for this career?
• Which country do you want to study at, Canada maybe?
• How will you pay for your studies?

5 Ways to Pass Matric with Distinction?

• Teach your friends the subject you know the most. Teaching others makes you learn faster
• Manage your time properly. Learn to focus at one task at a time.
• Gather all learning material about a subject and try answering previous exam papers and tests
• Ensure you do have 8 hrs of sleep every night so that you will always be productive.
• Remove all destructions around you, such as: TV, CellPhone, Noisy people, etc. If you cant, go to the library or study at school.

Latest Accounting Grade 12 2022 Term 3 September Exam Question Papers with Memorandum

On this page you will be able to download Accounting Grade 12 Paper 1 P1 and Paper 2 P2 Term 3 September 2022  trial exam question papers with the memos. There is no better way to do your revisions and exam preparations than to use the previous papers. Modern Classroom aims to provide the whole … Read more

Latest Accounting Grade 12 Past Papers, Memos, and Study Guides 2023, 2022,2021, 2020

[vc_row][vc_column][vc_column_text]Latest Accounting Grade 12 Past Papers , Memos, and Study Guides from 2021, 2020 and 2019. On this page, you will find learning materials ( Previous Papers, Notes, Lessons Practicals, Assessments – SBA,  Assignment questions and answer memos , Tests and Research Task s)  for CAPS and  IEB ( The Independent Examinations Board, or IEB, is a South African independent assessment agency which offers examinations for various client schools , mostly private schools. It is most prominent in setting examinations for the school-leaving National Senior Certificate, or NSC for its client schools ). The IEB offers support in terms of the CAPS curriculum examinations and sets tests and exams according to the CAPS guidelines, as well as memorandums and assessments, moderations and marking groups. It is therefore, a private examination setting and support agency.

On this page, you will also find exemplars preparatory previous exam papers and memos for: Gauteng , Limpopo , Western Cape , Eastern Cape , Northern Cape , Kwazulu Natal , Mpumalanga , Free State , and North West Province. Learning material are in Both English and Afrikans where possible (Term 1, Term 2, Term 3, and Term 4).

Requirements to pass Grade 12 | Matric in 2021

Hey, Grade 12 Learner! Do you know what it takes to obtain your Grade 12 Certificate?  All matric students in South Africa are required to register to write at least 7 subjects and they may not fail more than one subject. Failing more than one subject means you have failed matric. Thus, in order to pass you need to meet the following requirements:

• Obtain at least 40% for your Home Language
• Pass two other subjects with 40%, an
• Get 30% for three other subjects

Useful Tip: Manage your time properly. Don’t waste time on questions you are unsure of. Move on and come back if time allows. List of Accounting Grade 12 Past Papers, Memos, and Study Guides 2021 & 2020

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Exam Papers and Study Notes for grade 10 ,11 and 12

Accounting Exam Papers(Grade 12)

Past year exam papers.

(updated 2024/03/26)

KZN March 2024    QP  with Memo  now available.

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KZN  March  QP and Memo

Limpopo March  QP and Memo

NW  TEST 1  March  QP and Memo

NW  TEST 2   March  QP and Memo

NSC May/June  P1 and Memo

Gauteng  June  P1 and Memo

Gauteng  June  P2 and Memo

EC Pre-Trial  P1 and Memo

EC Pre-Trial  P2 and Memo

MP Pre-Trial  P1 and Memo

Gauteng SEPT P1 and Memo

Gauteng SEPT P2 and Memo

NW  SEPT P2 and Memo

KZN  SEPT P1 and Memo

KZN SEPT P2 and Memo

FS SEPT P1 and Memo

FS  SEPT P2 and Memo

MP  SEPT P1 and Memo

MP  SEPT P2 and Memo

NSC NOV P1 and Memo

NSC  NOV P2 and Memo

March  QP and Memo

June   P1 and Memo  

June  P2 and Memo

Limpopo Pre June P2 and Memo

GP  June  P1 and Memo

NSC May/June  P1 only

NSC May/June  P2 only

SEPT  P1 and Memo 

SEPT P2 and Memo

FS   SEPT P1 and Memo

FS SEPT  P2 and Memo

Gauteng  SEPT P1 and Memo

Gauteng  SEPT  P2 and Memo

MP SEPT  P1 and Memo

MP SEPT P2 and Memo

WC SEPT P1 and Memo

WC  SEPT P2 and Memo

NSC NOV  P1 and Memo

NSC  NOV  P2 and Memo

 April  QP and Memo   

June NSC P1 only

June  NSC P1 Memo

 June NSC P2 only

June  NSC  P2 Memo

June  QP and Memo   

EC  PreTrial  QP and Memo

Limpopo PreTrial  QP and Memo

KZN Trial  P1 and Memo  

KZN Trial  P2 and Memo

KZN Additional Trial P1 and Memo

NSC NOV P2 and Memo

P1 Exemplar 2020   + Memo

P2 Exemplar 2020   + Memo

March QP and Memo

June  P1  and  Memo

June  P2  and  Memo

SEPT  P1 and MEMO   

SEPT  P2 and Memo

FREE STATE  SEPT P2 and MEMO

LIMPOPO  SEPT P2 and Memo

EC  Pre-Trial P2 and MEMO

NOV P1 and Memo   (corrected)

NOV P2  and  Memo

NOV  MEO  2019  QP only

March QP  and  MEMO

June  QP and  MEMO

Trial Exam Paper  KZN + Memo

NSC NOV-QP only  

NSC Nov  Memo 

MARCH   QP and MEMO

MARCH DEPT  QP and MEMO

JUNE  QP and MEMO

SEPT  QP and  MEMO

NOV QP and Memo

MARCH  QP and MEMO

JUNE  QP  and MEMO

SEPT  QP and Memo

 NOV QP and MEMO

MARCH  PROV QP and  MEMO

MARCH  QP  and  MEMO

SEPT  QP  and MEMO

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MARCH  QP  and MEMO DEPT

MARCH   QP and  MEMO INTERNAL

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NOV QP  and MEMO

Accounting Grade 12 Past Papers and Memos for 2021

This page contains the latest Accounting Grade 12 Past Papers and Memos for 2021. Content on this page will help you in your exams, tests, sba, assignments, and research tasks. Accounting focuses on measuring performance, and processing and communicating financial information about economic sectors. This discipline ensures that principles such as ethical behaviour, transparency and accountability are adhered to. It deals with the logical, systematic and accurate selection and recording of financial information and transactions, as well as the compilation, analysis, interpretation and communication of financial statements and managerial reports for use by interested parties.

The subject encompasses accounting knowledge, skills and values that focus on the financial accounting, managerial accounting and auditing fields. These fields cover a broad spectrum of accounting concepts and skills to prepare learners for a variety of career opportunities.

Accounting Grade 12 is completed in 4 terms in a year: Term 1, Term 2, Term 3, and Term 4. It is done in all South African Provinces such as: Gauteng, Free State, Limpopo, North West, Mpumalanga, Western Cape, Northern Cape, Eastern Cape, and Kwazulu Natal. Accounting Grade 12 is done in English and Afrikaans languages, and consist of Paper 1 and Paper 2 Exams

List of Accounting Grade 12 Past Papers and Memos for 2021

 topics in the accounting caps curriculum..

The following are the topics covered in Accounting Grade 12 which will guide you before exploring Past Papers and Memos for 2021.

• Accounting concepts
• GAAP principles
• Bookkeeping
• Accounting equation
• Final accounts and financial statements
• Salaries and wages
• Value-Added Tax
• Reconciliations
• Cost accounting
• Indigenous bookkeeping systems
• Fixed assets
• Internal control

What is the purpose for Accounting Grade 12?

The reasons for learning Accounting Grade 12 in South Africa are the following:

• record, analyse and interpret financial and other relevant data in order to make informed decisions;
• present and/or communicate financial information effectively by using generally accepted accounting practice in line with current developments and legislation;
• develop and demonstrate an understanding of fundamental accounting concepts;
• relate skills, knowledge and values to real-world situations in order to ensure the balance between theory and practice, to enter the world of work and/or to move to higher education, and to encourage self-development;
• organise and manage own finances and activities responsibly and effectively;
• apply principles to solve problems in a judicious and systematic manner in familiar and unfamiliar situations, thus developing the ability to identify and solve problems in the context of the various fields of Accounting;
• develop critical, logical, and analytical abilities and thought processes to enable learners to apply skills to current and new situations;
• develop the following characteristics: – ethical behaviour – sound judgement – thoroughness – orderliness – accuracy – neatness;
• deal confidently with the demands of an accounting occupation manually and/or electronically.

Hello Grade 12 Learners. How and When has everything for you needed to pass your Grade 12 exams, tests, assessments, research tasks and assignments under the South African CAPS Curriculum . Feel free to download all useful study material for grade 12, such as Study Guides, and Previous Exam Papers with Answer Momos .

Browse Accounting Courses to study after Matric in South Africa

Do you know that there are plenty of accounting Courses that you can study after you matric grade 12 in South Africa?

Why passing Grade 12 is a must for your Career?

Why passing Grade 12 is a must for your Career? Grade 12 ultimately makes you ready for the real world of work out there, and most importantly matric is your bridge to varsity. You really need good marks in Grade 12 in order to pass well and study what you like . Good Grade 12 marks will enable you to get a APS Score.

The calculation of an Admission Point Score (APS) is based on a candidate’s achievement in any SIX recognised National Senior Certificate 20-credit subjects (including subjects from the non-designated subject list, e.g. Computer Applications Technology , Tourism , Hospitality Studies and Civil , Electrical & Mechanical Technology , etc.), by using the NSC seven-point rating scale. Life Orientation is a 10-credit subject and may not be used for calculating the APS. Life Orientation is also not a faculty-specific subject requirement.

Other Subjects for Grade 12

Have a look at other free resources for Grade 12 Subjects

• Accounting Grade 12
• Economics Grade 12
• Mathematics Grade 12
• Geography Grade 12
• Technical Mathematics Grade 12
• Physical Science Grade 12
• Life Sciences Grade 12
• Technical Sciences Grade 12
• Mathematics Literacy Grade 12
• Biology Grade 12
• Life Orientation Grade 12
• Religion Studies Grade 12
• Business Studies Grade 12
• Consumer Studies Grade 12
• Tshivenda Home Language Grade 12
• IsiXhosa Home Language Grade 12
• IsiZulu Home Language Grade 12
• Sepedi Home Language Grade 12
• Sesotho Home Language Grade 12
• Setswana Home Language Grade 12
• Seswati Home Language Grade 12
• Afrikaans Home Language Grade 12
• English Home Language Grade 12
• Xitsonga Home Language Grade 12
• Tourism and Hospitality Studies Grade 12
• Computer Applications Technology Grade 12
• Civil Technology Grade 12
• Electrical Technology Grade 12
• Engineering Graphics and Designs Grade 12
• Information Technology Grade 12
• Mechanical Technology Grade 12
• Agricultural Sciences Grade 12
• Agricultural Technology Grade 12
• Agricultural Management Practices Grade 12
• Dance Studies Grade 12
• Design Grade 12
• Dramatic Arts Grade 12
• Music Grade 12
• Visual Arts Grade 12

Physical Science Grade 12 2021 Exam Papers and Memos

Mathematics grade 12 past papers and memos for 2021 caps, related posts.

Accounting Grade 12 November 2021 Final NSC Exams question papers and memorandums

Accounting Grade 12 September 2020 Past Papers and Memos

Accounting grade 12 november 2020 question papers and memos paper 1, and paper 2, accounting grade 12 2021 exam papers and memos.

Accounting Grade 10 Past Papers and Memos for 2018

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Grade 12 Accounting Term 3 Case Study 2023

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Gr 12 Accounting Revision T1 - Companies MEMO (updated 2021)

The solutions to the Term 1 Gr 12 revision material on companies. (updated 2021)

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