Exam (elaborations)
Fac1502 Assignment 2 Semester 2 2024
- Course
- Institution
Fac1502 Assignment 2 Semester 2 2024
[Show more]
11 reviews
By: taryndeckford • 1 month ago
By: beliciamasibe • 1 month ago
By: sebakebokang671 • 2 months ago
By: gstoremany • 2 months ago
By: Sehle • 1 week ago
By: ndlovuboh58 • 2 months ago
By: lizzynkoana • 2 months ago
Seller
Follow
SmartTutors
Reviews received
Content preview
FAC1502-24-S2: Assessment 2 https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=8469. Kindly note that you will be able to view your mark obtained for Assessment 2 and the overall feedback for Assessment 2
after you have submitted an attempt.
10. You will be able to view the questions you have received for the attempt, with the answers and feedback, after the due
date of Assessment 2.
Kind regards 21
21
FAC1502 lecturers 21
Attempts allowed: 1
11 2 1 12 0
Time limit: 1 hour 20 mins
11 2 1 12 0
Grade to pass: 50.00 out of 100.00 11 2 1 12 0
Summary of your previous attempts
Marks / Grade /
State 60.00 100.00 Review Feedback
Finished Congratulations, you pass the assessment with
Submitted Wednesday, 4 September a distinction.
2024, 3:18 PM
. 05 0 .0 1/ 1
Overall feedback
Congratulations, you pass the assessment with a distinction.
No more attempts are allowed
Back to the course
Contact us
Follow us
You are logged in as ONKGOPOTSE SELEKA (Log out)
Data retention summary
Get the mobile app
Get the mobile app
2 of 3 2024/09/04, 15
,9/4/24, 1:04 PM Assessment 2 (page 6 of 7)
Question 6
Answer saved
Marked out of 17.00
The following balances were extracted from the subsidiary journals of General Spaza Shop as at 28 February 20.2.
R
Cash receipts journal
VAT input 3 546,24
Amounts for sales added in the Sales column 513 371,04
Cash payments journal
Amounts for purchases added in the Bank column 742 523,72
VAT output 4 892,16
Purchases journal
Trade payables column 387 320,00
Sales journal
Trade receivables column 738 920,00
Purchases returns journal
Purchases returns column 50 399,44
Sales returns journal
Trade receivables column 32 714,40
On 1 February 20.2, the VAT input account had an opening balance of R123 525 and the VAT output account had an
opening balance of R185 265.
Using the above information, compile the VAT input account in the general ledger as at 28 February 20.2,
including the final closing transfer.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Only show the amount, do not show the R (eg: 12141.72)
4. Keep the ledger entries strictly according to the information given.
GENERAL SPAZA SHOP
GENERAL LEDGER
Dr VAT input Cr
20.2 R 20.2 R
Feb 1 Balance b/d 123525 Feb 28 Trade payables control PRJ 6573.84
Feb 28 Bank CRJ 3546.24 VAT control GJ 275446.32
Trade receivables control CPJ 96850.92
Trade payables control PJ 58098
282020.16 282020.16
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21828045&cmid=846355&page=5 2/3
,9/4/24, 1:04 PM Assessment 2 (page 6 of 7)
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21828045&cmid=846355&page=5 3/3
,Assessment 2 (page 2 of 7) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21
UNISA 2024 FAC1502-24-S2 Welcome Message Assessment 2
QUIZ
Time left 0:19:11
1 of 2 2024/09/04, 16
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.92. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now