FAC1503 - Financial Accounting Principles For Law Practitioners
Institution
University Of South Africa (Unisa)
The document contains questions and answers for FAC1503 assignment 2 for 2024. There are various attempts on the document with all pass obtained. Note that questions may differ per student.
FAC1503 - Financial Accounting Principles For Law Practitioners
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FAC1503
ASSIGNMENT 05 FOR 2ND SEMESTER 2023
FEND TUTORIALS
, Disclaimer
This document contains expected
questions and answers for FAC1503
ASSIGNMENT 5for second semester
2023. Please not that questions may
differ and that makes this document
to be used as a guideline. If ever you
need help directly you can contact us
on 0631738181 so that we can assist
but the price is different from that
offered on this site.
, Question 2
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Question text
In the financial statements, accrued expenses will be classified as?
Select one:
a.
Non-current liabilities
b.
Current liabilities
c.
Non-current assets
d.
Current assets
Clear my choice
Question 3
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Question text
The following transaction relates to the accounting records of SA Attorneys for March 2022. The
legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with
a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022
in a book of first entry will be:
Select one:
a.
Sheriffs’ journal
Dr Cr
Date Details R R
24 Client – A South 100
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