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FAC2601 EXAM PACK 2023
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FAC2601 EXAMPACK 2023
QUESTIONS
AND ANSWERS
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FAC2601
EXAM PACK
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UNIVERSITY EXAMINATIONS
January/February 2021
FAC2601
FINANCIAL ACCOUNTING FOR COMPANIES
100 Marks
Duration 2 Hours
This paper consists of 8 pages.
Instructions:
Download this paper as soon as it has been accessed.
Remember to complete and adhere to the Honesty Declaration.
Please upload submission in PDF-format, single file not larger than 20Mb before the expiry of the due
time.
THIS PAPER CONSISTS OF EIGHT (8) PAGES
PLEASE NOTE:
1. This paper consists of THREE (3) questions.
2. All questions must be answered.
3. Basic calculations, where applicable, must be shown.
4. Ensure that you are handed the correct examination answer book (blue for accounting) by the
invigilator (only applicable for venue based exams).
5. Each question attempted must be commenced on a new (separate) page.
6. PROPOSED TIMETABLE: (Avoid deviating from this as far as possible.)
Question Time in
No Subject Marks minutes
1 Multiple choice questions 10 12
2 Statement of Financial Position and Statement of Profit or Loss
and other Comprehensive Income with relevant notes 50 60
3 Profit calculation and Statement of Changes in Equity 40 48
TOTAL 100 120
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