This document is the Term 1 2026 Revision Memo (Solutions) for Grade 12 Accounting, issued by the Western Cape Education Department. It contains a Pre-Test covering GAAP principles, terminology matching, notes to financial statements, and key term completion, followed by twelve activities with full worked solutions: buy-back of shares calculations and ledger accounts, share transactions and notes (ordinary share capital and retained income), SARS (income tax) account questions, adjustments and financial statements for a company (Toni Ltd), a Statement of Financial Position format exercise, notes to the financial statements (fixed assets, share capital, trade and other payables), a full balance sheet with notes, audit report concepts and interpretation questions, and cash flow statement activities including reconciliation of net profit to cash generated from operations, financial indicator calculations (acid test ratio, stock turnover rate, debt equity ratio, net asset value per share, return on shareholders’ equity), and comment/interpretation questions on liquidity, gearing, and shareholder returns.
Grade 12 Accounting Term 1 2026 Revision: Memo and Solutions Notes
