Accounting Grade 12 Past Papers and Memos 2026

Term 4: Accounting Grade 12 November Final Exam Papers (NSC)

Prepare for the National Senior Certificate (NSC) finals with the complete set of Accounting Grade 12 Term 4 past papers. This section includes official Paper 1 and Paper 2 memos and answer books from 2021 to 2024.

Year	English Resources (P1 & P2)	Afrikaans Resources (V1 & V2)
2024	P1 Paper | P1 Memo P2 Paper | P2 Memo | P2 AB	V1 Vraestel | V1 Memo | V1 AB V2 Memo | V2 AB
2023	P1 Paper | P1 Memo | P1 AB P2 Paper | P2 Memo | P2 AB	V1 Vraestel | V1 Memo | V1 AB V2 Vraestel | V2 Memo | V2 AB
2022	P1 Paper | P1 Memo | P1 AB P2 Paper | P2 Memo | P2 AB	V1 Vraestel | V1 Memo | V1 AB V2 Vraestel | V2 Memo | V2 AB
2021	P1 Paper | P1 Memo | P1 AB P2 Paper | P2 Memo | P2 AB	V1 Vraestel | V1 Memo | V1 AB V2 Vraestel | V2 Memo | V2 AB

Term 3: Accounting Grade 12 Trial Exam Papers (September)

Get the latest Accounting Grade 12 Term 3 trial exam papers and memos. This section includes the new 2025 September trials and 2024 Trial papers to help you master Paper 1 and Paper 2 before the finals.

Year	Paper 1 (Eng & Afr)	Paper 2 (Eng & Afr)
2025	P1 QP (Eng) | P1 Memo (Eng) V1 QP (Afr) | V1 Memo (Afr)	P2 QP (Eng) | P2 Memo (Eng) | P2 AB V2 QP (Afr) | V2 Memo (Afr) | V2 AB
2024	P1 Memo (Eng) | P1 AB (Eng) V1 Memo (Afr) | V1 AB (Afr)	P2 Memo (Eng) V2 Memo (Afr)
2023	Eng AB | Eng Memo Afr AB | Afr Memo Niche: Xhosa AB | Sesotho AB | Sesotho QP	Eng Paper | Eng Memo | Eng AB Afr Paper Niche: Xhosa AB | Sesotho QP
2022	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB

Term 2: Accounting Grade 12 June Mid-Year Past Papers

Download Accounting Grade 12 Term 2 June past papers for 2025, 2024, 2023, and 2022. This section contains mid-year Paper 1 and Paper 2 exam packs to help students prepare for trial exams.

Year	Paper 1 (Eng & Afr)	Paper 2 (Eng & Afr)
2025	Eng Paper | Eng Memo | Eng AB V1 Vraestel | V1 Memo | V1 AB	Eng Paper | Eng Memo | Eng AB V2 Vraestel | V2 Memo | V2 AB Add: P2 QP | Ans Book | V2 VS | V2 AB
2024	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB
2023	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB
2022	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB

Term 1: Accounting Grade 12 March Test Papers (Controlled Tests)

Download Accounting Grade 12 Term 1 March papers and memos. These include Controlled Test papers from various provinces to help with Term 1 revision.

Year	Province / Resource	Download Link
2025	EC / KZN / LP / MP Provincial Papers	EC March | KZN March | LP March MP March | MP GS March
2024	KZN Provincial March Paper	KZN March QP & Memo
2017	National (DBE) March Papers	Eng Paper | Eng Memo | Eng AB Afr Paper | Afr Memo | Afr AB

Multilingual Resources (Xhosa & Sesotho)

Download Accounting papers in Xhosa and Sesotho to assist with revision in your home language.

• Xhosa: 2023 Sept Answer Book | 2023 P1 AB
• Sesotho: 2023 P1 AB | 2023 P1 Paper

Accounting Grade 12 Revision Notes & Summary Guides

Master complex topics with these PDF revision notes covering the Grade 12 Accounting curriculum. High-quality summaries for quick exam preparation.

Topic / Section	Download Link
Financial Statement Analysis & Interpretation	Download Notes
Balance Sheet & Notes	Download Notes
Cash Flow Statement & Corporate Governance	Download Notes
Inventory Valuation (FIFO & Weighted Average)	Download Notes
Cost Accounting & Manufacturing	Download Notes
Tangible Assets (PowerPoint)	Download Slides
Theory of Accounting & GAAP Principles	GAAP | Theory

Grade 12 Accounting Topic Tests (1 – 7)

Test your knowledge on specific sections with these structured topic tests. Each test includes the Question Paper, Answer Book, and Marking Guideline.

Test No.	Question Paper	Answer Book	Marking Guideline
Test 1	Download	Download	Download
Test 2	Download	–	Download
Test 3	Download	Download	Download
Test 4	Download	Download	Download
Test 5	Download	Download	Download
Test 6	Download	–	Download
Test 7	Download	Download	–

Topic-Based Worksheets & Activities

Download subject-specific worksheets for Inventory, Manufacturing, VAT, and Reconciliations.

Worksheet Topic	Question Paper	Answer / Memo
Worksheet 2 (Full Pack)	Download QP	AB | MG
VAT & Reconciliations	VAT Guide	Recon Notes
Manufacturing & Costing	Topic Test	Full Guide
Company Accounts	Worksheet	Memo
Inventory Valuation	Activities	Memo
Lockdown Revision 2a	Worksheet	Answer Book

Advanced Revision Resources

• Advanced Analysis of Financial Information
• Term 2 Revised ATP Manual (AB | MG)

When it comes to exams, Accounting Grade 12 is always split into two papers, written on separate days. This structure applies to the June exams, September exams, and the final November exams.

Paper 1 covers:

• Financial Reporting and Evaluation
• Based on Discipline 1 from the official 2020 exam guidelines
• Learners receive an answer book with the correct templates for financial statements and sub-questions
• A Grade 12 formula sheet is provided to support calculations

Paper 2 covers:

• Managerial Accounting, Internal Auditing and Control
• Based on Discipline 2 from the exam guidelines
• Comes with a dedicated answer book and templates per question
• Includes the same formula sheet as Paper 1

Whether you are getting ready for a test, a term exam, or the big finals, Study Papers has your back with all the resources you need past papers, memos, and the correct structure to help you prepare properly.