This is the Accounting Grade 11 Paper 1 June examination from Limpopo, worth 150 marks and to be completed in 2 hours. Question 1, worth 50 marks over 40 minutes, opens with matching accounting terms such as depreciation, the asset disposal account, carrying value and the matching principle, then uses Bonolo Traders to test calculating profit or loss on the sale of vehicles, total depreciation, and preparing the Statement of Comprehensive Income.
The following document, Accounting Grade 11 Paper 1 Term 2 Exam.pdf, is the full document.
Term 2 Content Brief
Accounting Grade 11 Paper 1 Term 2 Exam PDF NHO-109
Key terms covered include depreciation, the asset disposal account, carrying value, the matching principle, and the Statement of Comprehensive Income.
The paper consists of 11 pages plus a formula sheet and a 10 page answer book. Question 1 covers the Statement of Comprehensive Income. Later questions cover notes and the Statement of Financial Position, and partnership notes.
By the end of this paper, learners should be able to explain accounting concepts such as depreciation and the matching principle, calculate profit or loss on asset disposal and total depreciation, and prepare the Statement of Comprehensive Income.