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FAC1502 Assignment 2 2024 - Due 11 September 2024 $2.85   Add to cart

Exam (elaborations)

FAC1502 Assignment 2 2024 - Due 11 September 2024

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FAC1502 Assignment 2 2024

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  • September 5, 2024
  • 793
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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1. UNISA
2. 2024
3. FAC1502-24-S2
4. Welcome Message
5. Assessment 2



Quiz

Assessment 2
Open course index
Completion requirements
Opened: Wednesday, 4 September 2024, 8:00 AM
Closes: Wednesday, 11 September 2024, 11:00 PM
Unique number : 617096



Attempts allowed: 1

Time limit: 1 hour 20 mins

Grade to pass: 50.00 out of 100.00

Summary of your previous attempts

Marks / Grade /
State 60.00 100.00 Review Feedback
Finished Submitted 58.55 94.91 Not Congratulations, you pass the
Wednesday, 4 September permitted assessment with a distinction
2024, 10:43 AM
Please make sure you know the work
because the next assessment will be
more difficult.
Your final grade for this quiz is 94.91/100.00.

Overall feedback
Congratulations, you pass the assessment. Please make sure you know the work because the next assessment
will be more difficult.

, Mark 1.00 out of 1.00

Flag question

Question 1
Indicate by choosing the correct option whether the following statement is true or false:
The entries in the adjustment journal always affects the trading account or the profit or loss account as
well as a statement of financial position account.


Select one:
True
False

Question 4
Complete

Flag question

Question 2
Sales is R125 000. Mark-up of 20% selling price. What is the cost of sales amount?
Round off your answer to the nearest Rand.



Answer: 104167
Question 3
Complete
Mark 2.00 out of 3.00


Flag question

Question 4
Gizmo Enterprises provided you with the following information regarding the list of totals and balances on
28 February 20.8 (Ignore the VAT implications for purposes of this question)

R
TOTALS FOR JOURNALS
Cash receipts journal totals for the month
Trade receivables column…………………………………………………………….. 207 420
Settlement discount granted column………………………………………….. 12 000
Sales 404 000
column…………………………………………………………………………….....
Trade payables column……………………………………………………………….. 5 600


Additional information
The trade receivable’s column in the cash receipts journal was undercast by R900.

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