NATIONAL
SENIOR CERTIFICATE
GRADE 12
ACCOUNTING P1
NOVEMBER 2024
MARKING GUIDELINES
MARKS: 150
MARKING PRINCIPLES:
1. Unless otherwise stated in the marking guidelines, penalties for foreign items are applied only if the
candidate is not losing marks elsewhere in the question for that item (no penalty for misplaced item).
No double penalty applied.
2. Penalties for placement or poor presentation (e.g. details) are applied only if the candidate is earning
marks on the figures for that item.
3. Unless otherwise stated, give full marks for correct answer. If answer is incorrect, mark workings.
4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark as a working mark for that
figure (not the method mark for the answer). Note: if figures are stipulated in memo for components of
workings, these do not carry the method mark for final answer as well.
5. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award
the mark. If no + or – sign or bracket is provided, assume that the figure is positive.
6. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers
from candidates.
7. If candidates provide more than the required number of responses, inspect all responses to give
benefit to the candidate. Penalties may be applied for foreign entries if candidates earn full marks on a
question (max -2 per Q).
8. Where penalties are applied, the marks for that section of the question cannot be a final negative.
9. Where method marks are awarded for operation, marker must inspect reasonableness of the answer.
10. Operation means 'check operation'. 'One part correct' means operation and one part correct. Note:
check operation must be +, -, x, ÷ as per candidate’s calculation (if valid) or per memo.
11. In calculations, do not award marks for workings if numerator & denominator are swapped – this also
applies to ratios.
12. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect
at least in part. Indicate with a .
13. Be aware of candidates who provide valid alternatives beyond the marking guideline. Note that one
comment could contain different aspects.
14. Codes: f = foreign item; p = placement/presentation.
15. This memorandum is not for public distribution, as certain items might imply incorrect treatment. The
adjustments made are due to nuances in certain questions.
These marking guidelines consist of 12 pages.
Copyright reserved Please turn over
, Accounting/P1 2 DBE/November 2024
NSC – Marking Guidelines
QUESTION 1
Calculate:
1.1.1 Depreciation on equipment on 29 February 2024
WORKINGS ANSWER
472 500 – 344 700 127 800
2
1.1.2 Cost price of vehicles on 29 February 2024
WORKINGS ANSWER
1 250 000 – 240 000 + 320 000
OR
Vehicles 1 330 000
one mark
one part correct
1 250 000 one mark 240 000
320 000 one mark 1 330 000 one m. mark
If a working is shown as a final answer, award working mark only 4
1.1.3 Depreciation on vehicles on 29 February 2024.
WORKINGS ANSWER
Depreciation on new vehicle
320 000 x [20/100 x 6/12] 32 000 *
Depreciation on vehicle traded in
[240 000 – 73 600] 16 640 *
166 400 x [20/100 x 6/12]
Depreciation on remaining vehicles 132 720
should include R132 720 181 360 * 5
* one part correct
1.1.4 Profit/Loss on vehicle traded in on 1 September 2023
WORKINGS ANSWER
one mark one m. mark
(73 600 + 16 640)
see 1.1.3
240 000 – 90 240 – 153 660
149 760 three marks
3 900
OR one part correct
Asset disposal
240 000 one mark 90 240 one mark one m. mark
3 900 one m. mark 153 660 one mark
If a working is shown as a final answer, award working mark/s only 5
NOTE: The relevant amounts, calculated above, must be transferred to
QUESTION 1.2, the Statement of Comprehensive Income.
Copyright reserved Please turn over
SENIOR CERTIFICATE
GRADE 12
ACCOUNTING P1
NOVEMBER 2024
MARKING GUIDELINES
MARKS: 150
MARKING PRINCIPLES:
1. Unless otherwise stated in the marking guidelines, penalties for foreign items are applied only if the
candidate is not losing marks elsewhere in the question for that item (no penalty for misplaced item).
No double penalty applied.
2. Penalties for placement or poor presentation (e.g. details) are applied only if the candidate is earning
marks on the figures for that item.
3. Unless otherwise stated, give full marks for correct answer. If answer is incorrect, mark workings.
4. If a pre-adjustment figure is shown as a final figure, allocate the part-mark as a working mark for that
figure (not the method mark for the answer). Note: if figures are stipulated in memo for components of
workings, these do not carry the method mark for final answer as well.
5. Unless otherwise indicated, the positive or negative effect of any figure must be considered to award
the mark. If no + or – sign or bracket is provided, assume that the figure is positive.
6. Where indicated, part-marks may be awarded to differentiate between differing qualities of answers
from candidates.
7. If candidates provide more than the required number of responses, inspect all responses to give
benefit to the candidate. Penalties may be applied for foreign entries if candidates earn full marks on a
question (max -2 per Q).
8. Where penalties are applied, the marks for that section of the question cannot be a final negative.
9. Where method marks are awarded for operation, marker must inspect reasonableness of the answer.
10. Operation means 'check operation'. 'One part correct' means operation and one part correct. Note:
check operation must be +, -, x, ÷ as per candidate’s calculation (if valid) or per memo.
11. In calculations, do not award marks for workings if numerator & denominator are swapped – this also
applies to ratios.
12. In awarding method marks, ensure that candidates do not get full marks for any item that is incorrect
at least in part. Indicate with a .
13. Be aware of candidates who provide valid alternatives beyond the marking guideline. Note that one
comment could contain different aspects.
14. Codes: f = foreign item; p = placement/presentation.
15. This memorandum is not for public distribution, as certain items might imply incorrect treatment. The
adjustments made are due to nuances in certain questions.
These marking guidelines consist of 12 pages.
Copyright reserved Please turn over
, Accounting/P1 2 DBE/November 2024
NSC – Marking Guidelines
QUESTION 1
Calculate:
1.1.1 Depreciation on equipment on 29 February 2024
WORKINGS ANSWER
472 500 – 344 700 127 800
2
1.1.2 Cost price of vehicles on 29 February 2024
WORKINGS ANSWER
1 250 000 – 240 000 + 320 000
OR
Vehicles 1 330 000
one mark
one part correct
1 250 000 one mark 240 000
320 000 one mark 1 330 000 one m. mark
If a working is shown as a final answer, award working mark only 4
1.1.3 Depreciation on vehicles on 29 February 2024.
WORKINGS ANSWER
Depreciation on new vehicle
320 000 x [20/100 x 6/12] 32 000 *
Depreciation on vehicle traded in
[240 000 – 73 600] 16 640 *
166 400 x [20/100 x 6/12]
Depreciation on remaining vehicles 132 720
should include R132 720 181 360 * 5
* one part correct
1.1.4 Profit/Loss on vehicle traded in on 1 September 2023
WORKINGS ANSWER
one mark one m. mark
(73 600 + 16 640)
see 1.1.3
240 000 – 90 240 – 153 660
149 760 three marks
3 900
OR one part correct
Asset disposal
240 000 one mark 90 240 one mark one m. mark
3 900 one m. mark 153 660 one mark
If a working is shown as a final answer, award working mark/s only 5
NOTE: The relevant amounts, calculated above, must be transferred to
QUESTION 1.2, the Statement of Comprehensive Income.
Copyright reserved Please turn over
