Accounting Grade 11 Term 4 November 2025 Questions and Answers Quiz

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Accounting Grade 11 Term 4 November 2025 Questions and Answers Quiz is a CAPS-aligned interactive quiz page designed specifically to help learners test their knowledge before the DBE final exam. This quiz gives learners a chance to practise real exam-style questions from the Term 4 Accounting Grade 11 syllabus including financial statements, cost accounting, and company accounts.

If you are preparing for your November 2025 Accounting Grade 11 exam, this page is for you. You can test your understanding, check your answers immediately, and identify the sections you need to revise further.

For full exam papers and additional revision materials, visit: Accounting Grade 11 Past Papers and Memos

About the Accounting Grade 11 Term 4 November 2025 Quiz

The Accounting Grade 11 Term 4 November 2025 quiz includes true or false and multiple-choice questions directly based on the CAPS Accounting curriculum. It focuses on the most examinable sections of the Term 4 syllabus, giving learners a complete overview of the topics they’ll face in both Paper 1 (Financial Accounting) and Paper 2 (Managerial Accounting).

Paper 1:

Accounting Grade 11 – Paper 1 Practice Quiz

Creditors • Bank Reconciliation • Trading Account • Manufacturing Basics • Break-even • Budgets • VAT • Ethics

Creditors and Internal Control
1) In the Creditor’s Ledger of Muller Traders, an increase in what we owe a supplier is recorded as:
Amounts owed increase on the credit side of the creditor’s account.
2) Which document is most appropriate as valid proof of residence for new debtors at Kouga Traders?
A current municipal bill is standard proof of address.
3) Matching supplier statements to the Creditor’s Ledger each month is a key task of the creditors’ clerk.
Reconciliation detects errors, omissions and duplicate invoices.
4) The creditors’ clerk should keep supplier master files editable by all staff to avoid delays.
Access should be restricted with change logs for internal control.
Bank Reconciliation
5) An outstanding deposit at month-end is recorded as:
We have debited Cash Receipts, but the bank has not yet processed it, so add on BRS.
6) A bank charge that appears only on the Bank statement should be treated as:
Record bank charges in the CPJ or adjustments so the Bank account equals the statement.
7) A stale cheque older than six months usually should be:
Cancel stale cheques and restore the bank balance in the books.
8) A debit order for an insurance premium reduces the Bank balance on the statement and must be recorded in the books if missing.
Record the debit order in the CPJ or through adjustments.
Trading Account and Mark-up
9) Which combination best completes the Trading Account structure?
Gross profit is Sales less Cost of Sales.
10) If the mark-up on cost is 25%, which is correct?
Add 25% of cost to cost. 1.25 × cost.
11) Carriage on purchases is added to cost of sales, not to selling and distribution expenses, when goods are bought for resale.
Freight-in increases the cost of inventory.
Manufacturing Concepts
12) Which list shows only prime costs in a factory environment?
Prime cost = Direct materials + Direct labour.
13) Which item is a factory overhead?
Overheads are indirect factory costs such as insurance, rent, and depreciation on factory assets.
14) Work-in-Progress is debited when factory overheads are applied to production at a predetermined rate.
WIP accumulates direct materials, direct labour, and applied overheads.
Break-even and Economies of Scale
15) The break-even point in units is calculated as:
Break-even units = Fixed costs ÷ Contribution per unit.
16) If production rises while fixed costs remain the same, the fixed cost per unit decreases.
This is an example of economies of scale.
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Cash Budgets and Debtors
17) Which item will not appear in a Cash budget?
Depreciation is a non-cash item and is excluded.
18) If 30% of sales are for cash, what percentage are on credit?
Credit sales = 100% − cash sales.
19) In a Debtors’ Collection Schedule, October cash from debtors is based on prior months’ credit sales and the stated collection pattern.
You project receipts using the expected timing pattern of collections.
20) A cash surplus in a Cash budget means:
Surplus = receipts − payments > 0.
VAT
21) VAT stands for:
In South Africa, VAT is Value Added Tax.
22) Output VAT is VAT collected from customers on taxable sales.
Input VAT is paid on purchases, subject to rules.
23) Which pair are typical zero-rated goods in South Africa?
Several basic foodstuffs are zero-rated to support consumers.
24) Equipment bought for R57 500 including 15% VAT. What is the VAT amount?
VAT = 15% of VAT-exclusive price. Inclusive VAT = 57 500 × 15/115 = 7 500.
25) VAT-exclusive cost of the same equipment (R57 500 inclusive) is:
Exclusive = 57 500 ÷ 1.15 = 50 000.
Problem Solving and Ethics
26) A whistle-blower is best described as someone who:
Whistle-blowing is a protected disclosure in terms of law and policy.
27) Ethical whistle-blowers act with honesty and courage, and focus on facts rather than rumours.
Integrity and evidence are essential characteristics.
Mixed Practice
28) Which step is most appropriate to reduce cash handling risks identified in transactions?
Separate custody, authorisation, and recording functions.
29) If a supplier grants a discount received, which journal records it in a periodic system?
When paying the supplier, record the discount received with the payment.
30) Purchases are recorded net of trade discount, while cash discounts are recognised when payment is made.
Trade discounts adjust the invoice amount. Settlement discounts occur on payment.

Paper 2:

Accounting Grade 11 Paper 2 – Practice Paper with Answers

Section A: Reconciliations and Internal Control • Section B: Periodic Stock and Cost Accounting • Section C: Budgeting • Section D: VAT, Problem Solving and Ethics

Section A: Reconciliations and Internal Control
1) Invoice 5270 was processed incorrectly in the creditor’s ledger as R21 600 instead of the supplier’s statement amount R11 600. What is the effect on the creditor’s ledger balance to correct it?
Ledger overstated by R10 000. Correct by decreasing the balance.
2) A supplier’s discount that should have been allowed must be recorded in the creditor’s ledger as a debit entry to reduce the balance.
Discount received reduces the amount owed, so debit the creditor’s control/individual account.
3) Proof of residency for new debtors is best evidenced by:
Utility/municipal bills are standard acceptable proof of residence.
4) A stop-order for R6 600 that appears on the bank statement but is not yet in the books should be recorded as:
It is a bank payment. Credit the Bank in the cash book.
5) An EFT recorded in the cash journal only, not yet on the bank statement, is a/an:
It is recorded in books but not yet by the bank, so unpresented payment.
6) A deposit of R52 000 appears in the cash journal but not on the bank statement at month-end. On the reconciliation it is shown as:
Outstanding deposit increases the bank statement balance when it clears.
7) A cash deposit of R15 000 that was robbed in transit should remain as an outstanding deposit on the bank reconciliation until recovered.
It must be cancelled in the books and recorded as a loss/receivable, not left as outstanding.
8) Which control weakness is indicated if one person receives cash, prepares deposits and records transactions?
Separate receiving, recording and reconciling duties.
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Section B: Periodic Stock and Cost Accounting
9) Total Sales for the year (cash + credit − debtors’ allowances − customer return of R2 000):
1 140 000 + 900 650 − 46 200 − 2 000 = R1 992 450.
10) Net cost of goods purchased (credit + cash + customs duty + carriage on purchases − donation of stock − drawings of stock):
(715 000 + 174 000 + 46 100 + 170 000) − 3 200 − 900 = R1 101 000.
11) In the periodic system, carriage on purchases and customs duties are included in cost of sales, not in sales and distribution expenses.
They are product costs and form part of cost of inventory sold.
12) A debtor returned stock sold for R2 000 (cost R1 000). Which combination is correct?
Sales returns reduce sales and reverse the cost.
13) Wages paid to a factory cleaner are classified as:
Indirect factory labour is an overhead.
14) Which item is not an administration cost?
Packing material is selling and distribution, not admin.
15) Which is a selling and distribution cost?
Advertising is a selling cost.
16) If 20% of water and electricity is office, 10% sales, the remaining percentage allocated to factory is:
100% − 20% − 10% = 70% to factory.
17) Factory foreman salaries are factory overheads, not direct labour.
Supervision is an indirect factory cost.
18) Contribution per unit for 2024 (selling price R260; variable costs: labour R66, selling R35, materials R77,50):
260 − (66 + 35 + 77,50) = R81,50.
19) Total fixed costs for 2024 if fixed cost per unit is R76,60 at 4 700 units:
76,60 × 4 700 = R360 020.
20) Break-even units for 2024 (use fixed cost R360 020 and contribution R81,50): closest whole units is:
360 020 ÷ 81,50 ≈ 4 417 units.
Section C: Budgeting
21) Which item would not appear in a Cash Budget?
Non-cash items like depreciation do not go into a Cash Budget.
22) Percentage of goods sold on credit in September 2024 if cash sales were R16 600 and credit sales R60 400:
60 400 ÷ 77 000 × 100 ≈ 78,4%.
23) Expected cash from debtors in October 2024 if credit sales are: Aug R90 200, Sep R60 400, Oct is 10% less than Sep; collection pattern: 50% current month less 5% discount, 30% next month, 15% after two months, 5% bad debts:
0,5×54 360×0,95 + 0,3×60 400 + 0,15×90 200 = R57 471.
24) If rent income decreases by 10% from 1 October, the Cash Budget for October must show the reduced monthly amount.
Adjust for known changes from the effective date.
25) If creditors are paid in the month after purchase, the Cash Budget payment to creditors in October equals:
Lagged one month by policy.
Section D: VAT, Problem Solving and Ethics
26) VAT stands for:
Standard rate in South Africa is 15%.
27) Which is the best reason and example pair for zero-rated VAT items?
Basic foodstuffs are zero-rated to support households.
28) Output VAT and Input VAT are correctly described as:
Vendors pay over Output VAT minus claimable Input VAT.
29) VAT on new shop equipment costing R8 500 excluding VAT is:
8 500 × 15% = R1 275.
30) Credit goods bought for R62 974 including VAT at 15%. Input VAT on these goods equals:
62 974 × 15/115 = R8 214.
31) Total cost of goods excluding VAT if R62 974 was inclusive, plus zero-rated goods of R12 800:
62 974 − 8 214 = 54 760; plus 12 800 = R67 560.
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32) Which branch’s sales figure signals a likely recording error, given selling price R2 500 and quantity sold?
400×2 500= R1 000 000 expected; R900 000 suggests under-recording/discounts/returns beyond normal.
33) A whistle-blower is best described as:
Protected disclosures legislation encourages reporting of misconduct.
34) Two ethical characteristics of a whistle-blower include integrity and courage to report wrongdoing in good faith.
Acting honestly, fairly, and without malice is critical.

Topics Covered in the Term 4 Accounting Quiz

1. Company Financial Statements

Understand the preparation of Income Statements, Balance Sheets, and Notes to the Financial Statements. Learn how to handle adjustments and year-end procedures, including depreciation, accruals, and prepayments.

2. Fixed Assets and Depreciation

Be able to calculate depreciation using the cost and diminishing balance methods. Practise recording transactions for the disposal of assets and understand how these affect the ledger accounts and final statements.

3. Reconciliations

Revise bank, debtors, and creditors reconciliation statements. Know how to identify and correct errors or omissions from subsidiary ledgers and control accounts.

4. Manufacturing Accounts

Understand cost of production, factory overheads, direct and indirect labour, and prime cost calculations. Practise classifying and recording manufacturing costs correctly.

5. Budgeting and Projected Income Statements

Learn how to prepare cash budgets and projected income statements. Understand the importance of comparing actual results to budgets for decision-making and control.

6. Analysis and Interpretation of Financial Information

Study financial indicators such as gross profit percentage, current ratio, and return on investment. Learn how to interpret performance, liquidity, and profitability to make business decisions.

7. Ethics and Internal Control

Understand the role of ethical behaviour, transparency, and internal control systems in preventing fraud and maintaining good financial management.

Download Term 4 November 2025 Accounting Grade 11 Papers and Memos

Use these papers and memos to complement your quiz practice. Each one includes marking guidelines to help you understand how marks are awarded in the DBE exams.

  • Accounting Grade 11 Term 4 November 2025 Question Paper 1 (PDF)
  • Accounting Grade 11 Term 4 November 2025 Memorandum 1 (PDF)
  • Accounting Grade 11 Term 4 November 2025 Question Paper 2 (PDF)
  • Accounting Grade 11 Term 4 November 2025 Memorandum 2 (PDF)
  • Term 4 Revision Pack – Questions and Answers (PDF)
  • Financial Indicators Formula Sheet (PDF)

All materials can be found here: Accounting Grade 11 Past Papers and Memos

How to Use This Quiz for Revision

  1. Attempt all quiz questions without notes or a calculator first.
  2. Review your score and identify which topics you struggled with.
  3. Revisit those sections in your Accounting textbook or notes.
  4. Reattempt the quiz to measure your improvement.
  5. Finally, practise with Term 4 papers and memos to master exam timing and layout.

Frequently Asked Questions

What is the purpose of the Accounting Grade 11 Term 4 November 2025 Questions and Answers Quiz?

This is a quiz page designed to help learners practise real exam-type questions, test their knowledge, and prepare effectively for the final November 2025 Accounting exam.

How is the quiz structured?

The quiz includes both true or false and multiple-choice questions that mirror the DBE Term 4 exam structure and focus on the most important topics in the CAPS curriculum.

Does this quiz cover the whole Term 4 syllabus?

Yes. It includes all major topics such as financial statements, reconciliations, manufacturing accounts, budgeting, and ethics.

Can I take the quiz more than once?

Yes. You can attempt the quiz as many times as needed to track your progress and strengthen your understanding.

Where can I find past Accounting Grade 11 papers and memos?

You can find them all here: Accounting Grade 11 Past Papers and Memos

Final Exam Tip

When preparing for Accounting Grade 11 Term 4 November 2025 Questions and Answers Quiz, focus on showing all your workings and using correct accounting formats. Practise ledger entries, statement layouts, and calculations daily. Use your quiz results to target weak areas and review the memo to learn how to structure your answers exactly as required in the DBE exam.

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