Matric Accounting past papers, marked

Our Accounting questions are marked line by line, so a correct figure with its working earns marks even if a later figure is wrong. Our November 2024 Paper 1 set has 30 questions worth 150 marks, split by topic as financial statements (56), analysis and interpretation (35), companies, share capital and equity (24), ethics, audit and governance (19) and fixed assets and disposal (16). Of the 150 marks, 79 are for the correct final answer, 31 for method and working, 18 for explaining, 12 for reading data from diagrams, tables and graphs and 10 for recalling facts and terms.

The Department of Basic Education’s 2024 Diagnostic Report for Paper 1 lists where candidates lose marks: the wrong fraction when working back to a gross amount, outflows shown without brackets in the cash flow statement, interim dividends divided by the wrong number of shares, and analysis answers that quote a figure but never say what it means. Start with the topic that carries the most marks and work down.