This is an Accounting Grade 12 provincial standardised assessment from KwaZulu-Natal, dated March 2026, worth 100 marks and to be completed in one and a half hours. Question 1, worth 47 marks over 45 minutes, uses Zululand Ltd to test the preparation of the Statement of Comprehensive Income and the Statement of Financial Position for the year ended 28 February 2026.
The following document, Accounting Grade 12 Term 1 Provincial Assessment.pdf, is the full document.
Term 1 Content Brief
Accounting Grade 12 Term 1 Provincial Assessment PDF HBH-057
Key terms covered include the Statement of Comprehensive Income and the Statement of Financial Position.
The paper consists of 9 pages including a formula sheet, plus a 7 page answer book. Question 1 covers company financial statements. Later questions cover notes and the Cash Flow Statement, and interpretation of financial statements.
By the end of this paper, learners should be able to prepare the Statement of Comprehensive Income and the Statement of Financial Position for a company using given balances and adjustments.