Grade 12 Accounting past papers and memos
18 Grade 12 Accounting exam papers from 2020 to 2025, each with its memo. Open any paper to write it online in the real time limit, then mark yourself step by step and see which Accounting topics need more work.
What the Grade 12 Accounting papers cover
Accounting papers reward accurate formats and calculations. Past papers help you practise the financial statements and analysis questions under time pressure.
- Paper 1: company financial statements and notes, the cash flow statement, analysis and interpretation, reconciliations and auditing.
- Paper 2: cost accounting and manufacturing, budgeting, inventory valuation, fixed assets, VAT and internal control.
Accounting 2025 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2025
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Cash Flow StatementsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2025
2h · 150 marks · memo included
Reconciliations (bank, creditors, debtors)Cost Accounting (manufacturing, budgets) - Practise with memo
Grade 12 Accounting Paper 1 · May/June 2025
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Fixed Assets, Cash Flow Statement and Financial IndicatorsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · May/June 2025
2h · 150 marks · memo included
VAT and Creditors' ReconciliationCost Accounting (manufacturing, budgets)Stock ValuationBudgeting
Accounting 2024 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2024
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Cash Flow StatementsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2024
2h · 150 marks · memo included
Reconciliations (bank, creditors, debtors)Financial Statements (Balance Sheet, Income Statement)Cost Accounting (manufacturing, budgets) - Practise with memo
Grade 12 Accounting Paper 1 · May/June 2024
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Cash Flow StatementsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · May/June 2024
2h · 150 marks · memo included
Reconciliations (bank, creditors, debtors)Cost Accounting (manufacturing, budgets)
Accounting 2023 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2023
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Cash Flow StatementsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2023
2h · 150 marks · memo included
Reconciliations (bank, creditors, debtors)Cost Accounting (manufacturing, budgets)BudgetingStock Valuation and Fixed Assets - Practise with memo
Grade 12 Accounting Paper 1 · May/June 2023
2h · 150 marks · memo included
Statement of Comprehensive Income and Current AssetsRetained Income Note, Cash Flow Statement and Financial IndicatorsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · May/June 2023
2h · 150 marks · memo included
Reconciliations (bank, creditors, debtors)Inventories and Fixed AssetsCost Accounting (manufacturing, budgets)Budgeting
Accounting 2022 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2022
2h · 150 marks · memo included
Statement of Comprehensive Income and Statement of Financial PositionCash Flow Statement and Financial IndicatorsAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2022
2h · 150 marks · memo included
Cost Accounting (manufacturing, budgets)VAT and Inventory ValuationBudgetingReconciliations (bank, creditors, debtors)
Accounting 2021 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2021
2h · 150 marks · memo included
Financial Statements (Balance Sheet, Income Statement)Share Capital, Financial Indicators and Cash Flow StatementAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2021
2h · 150 marks · memo included
Debtors' Reconciliation and Age AnalysisCost Accounting (manufacturing, budgets)BudgetingInventories and Fixed Assets
Accounting 2020 papers
- Practise with memo
Grade 12 Accounting Paper 1 · November 2020
2h · 150 marks · memo included
Fixed Assets and Statement of Comprehensive IncomeFinancial Indicators and Cash Flow StatementAnalysis & Interpretation of Financial InformationEthics in Accounting - Practise with memo
Grade 12 Accounting Paper 2 · November 2020
2h · 150 marks · memo included
VAT and Creditors' ReconciliationCost Accounting (manufacturing, budgets)BudgetingStock Valuation
How to get the most out of these papers
Write the most recent Accounting paper first, in the full time, without notes. Then mark it with the memo and write down every question where you lost marks. Those questions show the topics to revise next. Once you have revised them, write an older paper and compare your marks. Doing one paper a week in the run-up to the exam is one of the most reliable ways to improve your Accounting results.
Questions about Grade 12 Accounting past papers
Where can I find Grade 12 Accounting past papers with memos?
This page lists every Grade 12 Accounting paper on GradesPal, from 2020 to 2025. Each one opens online with its memo, free of charge.
Are the past papers on GradesPal free?
Yes. You can practise the past papers free of charge, and you do not need an account to start.
Do the past papers come with memos?
Yes. After you answer, you compare your work with the memo step by step and mark yourself, so you see exactly where the marks are.
Can I write a past paper under exam conditions?
Yes. Choose a paper and GradesPal opens a timed exam room with the real time limit, so you can practise your pace before the exam.
What if I keep getting the same questions wrong?
GradesPal shows which topics cost you marks. You can then practise just that topic, join a live class on it, or learn the topic with a GradesPal tutor.
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Want a tutor for Grade 12 Accounting?
Follow the GradesPal Accounting subject with a tutor who marks your work, or book a live class on the one topic that keeps costing you marks.