# Accounting: Financial statements

> 6 questions based on past NSC papers, on financial statements, 56 marks in our Paper 1 questions. Answer one and see it marked mark by mark.

Canonical: https://sharpkop.co.za/accounting/financial-statements/
Last updated: 2026-11-12

## Questions

- [Nov 2024 · Paper 1 · Q1.2(a) (8 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-a/): Calculate the sales and the gross profit that Protea Ridge Ltd must show in its Statement of Comprehensive Income.
- [Nov 2024 · Paper 1 · Q1.2(b) (10 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-b/): Calculate the total other income that Protea Ridge Ltd must show in its Statement of Comprehensive Income.
- [Nov 2024 · Paper 1 · Q1.2(c) (13 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-c/): Calculate the total operating expenses that Protea Ridge Ltd must show in its Statement of Comprehensive Income.
- [Nov 2024 · Paper 1 · Q1.2(d) (8 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q1-2-d/): Show the last part of the Statement of Comprehensive Income of Protea Ridge Ltd, from operating profit down to net profit after tax.
- [Nov 2024 · Paper 1 · Q2.2(a) (8 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q2-2-a/): Calculate the taxation paid and the dividends paid that Mvubu Ltd must show in the operating activities section of its Cash Flow Statement.
- [Nov 2024 · Paper 1 · Q2.2(b) (9 marks)](https://sharpkop.co.za/accounting/2024-nov-p1/q2-2-b/): Calculate the amounts that Mvubu Ltd must show in the financing activities section of its Cash Flow Statement.

## Related

- [Grade 12 Accounting past papers](https://sharpkop.co.za/accounting/)

Questions are based on National Senior Certificate papers set by the Department of Basic Education. Sharpkop is not affiliated with or endorsed by the Department.