Get the November 2019 Accounting P1 Memorandum PDF for Grade 11 Students

Accounting Grade 11 November 2019 Memorandum PDF Download P1

If you are a grade 11 learner who is studying accounting, you might be looking for a way to improve your marks and prepare for your final exams. One of the best resources that you can use is the Accounting Grade 11 November 2019 Memorandum PDF Download P1. This is a document that provides detailed answers and explanations for the accounting paper 1 exam that was written in November 2019. In this article, we will explain what this memorandum is, what it contains, and how you can use it effectively to ace your accounting exams.

What is Accounting Grade 11?

Accounting is a subject that teaches you how to record, analyse, present, and interpret financial information. It also helps you to develop critical thinking, problem-solving, and communication skills. Accounting is a compulsory subject for learners who choose the Accountancy, Business, and Management (ABM) learning area in grade 10. The accounting curriculum for grade 11 covers four main topics:

accounting grade 11 november 2019 memorandum pdf download p1

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• Financial accounting

• Managerial accounting

• Auditing

• Ethics and corporate governance

The aim of accounting grade 11 is to prepare you for further studies and careers in accounting, business, finance, and related fields. It also helps you to understand how accounting affects various aspects of society and the environment.

Why is Accounting Grade 11 important?

Accounting grade 11 is important because it provides you with valuable knowledge and skills that can help you in many ways. Some of the benefits of studying accounting grade 11 are:

• It enhances your numeracy, literacy, and digital literacy skills.

• It improves your logical reasoning, analytical thinking, and decision-making abilities.

• It exposes you to real-world scenarios and case studies that relate to accounting.

• It prepares you for further studies and careers in accounting, business, finance, and related fields.

• It enables you to manage your personal finances effectively.

• It fosters ethical behaviour, transparency, and accountability.

However, studying accounting grade 11 also comes with some challenges. Some of the challenges that you might face are:

• The volume and complexity of content that you have to learn.

• The application of various concepts, principles, rules, and standards that you have to remember.

• The interpretation and analysis of financial data that you have to perform.

• The presentation and communication of financial information that you have to do.

• The time management and study skills that you have to develop.

Therefore, it is essential that you study hard, practice regularly, and seek help when you need it.

How to prepare for Accounting Grade 11 exams?

One of the most important aspects of studying accounting grade 11 is preparing for your exams. Exams are a way of assessing your understanding and application of the accounting concepts and skills that you have learned. They also help you to identify your strengths and weaknesses, and to improve your performance. Here are some tips and resources that can help you to prepare for your accounting grade 11 exams:

• Review the syllabus and the exam guidelines. Make sure that you know what topics are covered, what types of questions are asked, and what marks are allocated.

• Make a study plan and stick to it. Set realistic goals, prioritize your tasks, and allocate enough time for each topic. Use a calendar, a planner, or an app to keep track of your progress.

• Use various study methods and materials. Read your textbooks, notes, and handouts. Watch videos, listen to podcasts, or join online courses. Do exercises, quizzes, and past papers. Use flashcards, mind maps, or diagrams to summarize key points.

• Join a study group or find a tutor. Studying with others can help you to share ideas, clarify doubts, and motivate each other. You can also get feedback, tips, and support from a tutor or a teacher.

• Revise and practice regularly. Review the topics that you have learned periodically and test yourself on them. Practice answering different kinds of questions under exam conditions. Check your answers and learn from your mistakes.

What is Accounting Grade 11 November 2019 Memorandum PDF Download P1?

One of the most useful resources that you can use to prepare for your accounting grade 11 exams is the Accounting Grade 11 November 2019 Memorandum PDF Download P1. This is a document that provides detailed answers and explanations for the accounting paper 1 exam that was written in November 2019 by the Department of Basic Education (DBE). The memorandum is available for free download from the DBE website. You can also access it from other websites that offer past papers and memoranda .

The memorandum is divided into four sections, corresponding to the four questions in the paper 1 exam. Each section contains the following information:

• The question number and the total marks allocated.

• The sub-questions and the marks allocated for each sub-question.

• The correct answers for each sub-question, with calculations, workings, and explanations where applicable.

• The marking guidelines and the allocation of marks for each answer.

The memorandum is designed to help you to understand how the exam questions are set, how the answers are derived, and how the marks are awarded. It also helps you to check your own answers, identify your errors, and improve your skills.

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What are the features of Accounting Grade 11 November 2019 Memorandum PDF Download P1?

The Accounting Grade 11 November 2019 Memorandum PDF Download P1 covers four main topics that are part of the accounting grade 11 curriculum. These are:

• Analysis of transactions and fixed assets

• Reconciliation statements

• Cash flow statement and analysis

• Budgeting

We will briefly review each topic and the corresponding question in the memorandum in the following sub-sections.

Analysis of transactions and fixed assets

This topic deals with the recording and classification of business transactions using the double entry system, the ledger accounts, and the trial balance. It also covers the accounting treatment of fixed assets, including depreciation, disposal, and revaluation.

The first question in the memorandum (Question 1) tests your knowledge and skills on this topic. It consists of four sub-questions (1.1 to 1.4) with a total of 40 marks. The sub-questions are as follows:

Sub-questionDescriptionMarks

1.1You are given a list of transactions that occurred in a business during October 2019. You have to analyse each transaction and indicate whether it increases or decreases an asset, a liability, or an owner's equity account.10

1. 2You are given a trial balance of the same business as at 31 October 2019. You have to prepare the ledger accounts for the fixed assets (land and buildings, vehicles, and equipment) and the accumulated depreciation accounts. You have to take into account the transactions that occurred during October 2019, as well as the depreciation rates and methods provided.18

1.3You are given a list of adjustments that need to be made to the trial balance as at 31 October 2019. You have to indicate the effect of each adjustment on the net profit or loss of the business, as well as the account name and amount that will be affected.8

1.4You are given a list of ratios that need to be calculated for the business as at 31 October 2019. You have to calculate each ratio using the information from the trial balance and the adjustments, and provide a formula and an answer with one decimal place.4

The memorandum provides the correct answers and explanations for each sub-question, as well as the marking guidelines and the allocation of marks. You can use the memorandum to check your understanding of the topic, to practice your calculations and workings, and to improve your accuracy and speed.

Reconciliation statements

This topic deals with the preparation and interpretation of reconciliation statements, such as bank reconciliation statements and debtors' reconciliation statements. These statements are used to compare and reconcile the balances of two accounts that should agree, but may differ due to timing differences, errors, or fraud.

The second question in the memorandum (Question 2) tests your knowledge and skills on this topic. It consists of two sub-questions (2.1 and 2.2) with a total of 35 marks. The sub-questions are as follows:

Sub-questionDescriptionMarks

2.1You are given a bank statement and a cash book of a business for the month of November 2019. You have to identify and explain the items that cause a difference between the bank statement balance and the cash book balance. You also have to update the cash book with the relevant items, and prepare a bank reconciliation statement as at 30 November 2019.25

2.2You are given a debtors' list and a debtors' control account of a business as at 30 November 2019. You have to identify and explain the items that cause a difference between the debtors' list total and the debtors' control account balance. You also have to prepare a debtors' reconciliation statement as at 30 November 2019.10

The memorandum provides the correct answers and explanations for each sub-question, as well as the marking guidelines and the allocation of marks. You can use the memorandum to check your understanding of the topic, to practice your reconciliations and adjustments, and to improve your analysis and interpretation skills.

Cash flow statement and analysis

This topic deals with the preparation and interpretation of cash flow statements, which are financial statements that show how cash is generated and used by a business during a period of time. It also covers the analysis of cash flow statements using various ratios and indicators.

The third question in the memorandum (Question 3) tests your knowledge and skills on this topic. It consists of three sub-questions (3.1 to 3.3) with a total of 40 marks. The sub-questions are as follows:

Sub-questionDescriptionMarks

3.1You are given an income statement and a balance sheet of a business for the year ended 30 November 2019. You have to prepare a cash flow statement for the year ended 30 November 2019 using the indirect method. You have to show the cash flows from operating activities, investing activities, and financing activities, as well as the net increase or decrease in cash and cash equivalents.30

3.2You are given a list of ratios that need to be calculated for the business for the year ended 30 November 2019 using the information from the cash flow statement. You have to calculate each ratio and provide a formula and an answer with one decimal place.6

3.3You are given a list of statements that relate to the cash flow statement and the ratios of the business for the year ended 30 November 2019. You have to indicate whether each statement is true or false, and provide a reason for your answer.4

The memorandum provides the correct answers and explanations for each sub-question, as well as the marking guidelines and the allocation of marks. You can use the memorandum to check your understanding of the topic, to practice your cash flow statement preparation and analysis, and to improve your evaluation and reasoning skills.

Budgeting

This topic deals with the preparation and interpretation of budgets, which are plans that show how a business expects to generate and spend money during a period of time. It also covers the analysis of budgets using various methods and techniques.

The fourth question in the memorandum (Question 4) tests your knowledge and skills on this topic. It consists of three sub-questions (4.1 to 4.3) with a total of 35 marks. The sub-questions are as follows:

Sub-questionDescriptionMarks

4.1You are given a sales budget and a production budget of a business for the year ended 30 November 2019. You have to prepare a direct material purchases budget and a direct labour budget for the year ended 30 November 2019 using the information provided. You have to show the quantities and costs of direct materials and direct labour for each quarter and for the year.20

4.2You are given a budgeted income statement of the same business for the year ended 30 November 2019. You have to calculate the break-even point in units and in sales value for the year using the information provided.8

4.3You are given a list of statements that relate to the budgets and the break-even point of the business for the year ended 30 November 2019. You have to indicate whether each statement is true or false, and provide a reason for your answer.7

The memorandum provides the correct answers and explanations for each sub-question, as well as the marking guidelines and the allocation of marks. You can use the memorandum to check your understanding of the topic, to practice your budgeting skills, and to improve your application and analysis skills.

Conclusion

In conclusion, Accounting Grade 11 November 2019 Memorandum PDF Download P1 is a valuable resource that can help you to prepare for your accounting grade 11 exams. It provides detailed answers and explanations for the accounting paper 1 exam that was written in November 2019 by the DBE. It covers four main topics that are part of the accounting grade 11 curriculum: analysis of transactions and fixed assets, reconciliation statements, cash flow statement and analysis, and budgeting. It also helps you to understand how the exam questions are set, how the answers are derived, and how the marks are awarded. It also helps you to check your own answers, identify your errors, and improve your skills. We recommend that you download the memorandum and use it as a study tool, along with other tips and resources that we have provided in this article. We hope that this article has been helpful and informative for you. We wish you all the best for your accounting grade 11 exams!

FAQs

Here are some frequently asked questions and answers related to the topic of Accounting Grade 11 November 2019 Memorandum PDF Download P1.

• Where can I download the Accounting Grade 11 November 2019 Memorandum PDF Download P1?

You can download the memorandum from the DBE website at .

• How can I view the Accounting Grade 11 November 2019 Memorandum PDF Download P1?

You can view the memorandum using any device that can open PDF files, such as a computer, a tablet, or a smartphone. You can also print the memorandum if you prefer to have a hard copy.

• How can I use the Accounting Grade 11 November 2019 Memorandum PDF Download P1 to study for my exams?

You can use the memorandum to study for your exams by following these steps:

• Read the exam paper and try to answer the questions on your own.

• Compare your answers with the memorandum and check for any errors or gaps in your understanding.

• Review the explanations and workings provided in the memorandum and learn from them.

• Practice answering similar questions using different data or scenarios.

• Repeat the process until you are confident and comfortable with the topic.

• What are some other resources that I can use to study for my accounting grade 11 exams?

Some other resources that you can use to study for your accounting grade 11 exams are:

• Your textbooks, notes, and handouts.

• Videos, podcasts, or online courses that explain accounting concepts and skills.

• Exercises, quizzes, and past papers that test your knowledge and skills.

• Flashcards, mind maps, or diagrams that summarize key points.

• Study groups or tutors that can help you to share ideas, clarify doubts, and motivate each other.

• What are some tips to ace my accounting grade 11 exams?

Some tips to ace your accounting grade 11 exams are:

• Review the syllabus and the exam guidelines.

• Make a study plan and stick to it.

• Use various study methods and materials.

• Revise and practice regularly.

• Seek help when you need it.

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