Exam (elaborations)
fac2602 assignment 2 semester 2 2024
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fac2602 assignment 2 semester 2 2024
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By: nthabisengjohanna33 • 1 month ago
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Assessment 2: Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2251 Dashboard Calendar
Dashboard / My courses / FAC2602-24-S2 / Welcome Message / Assessment 2
Started on Tuesday, 10 September 2024, 6:00 PM
State Finished
Completed on Tuesday, 10 September 2024, 7:21 PM
Time taken 1 hour 20 mins
Question 1
Complete
Marked out of 4
Use the scenario loaded under additional resources to answer the following question.
The value of cost of sales in the consolidated statements is:
1. R1 920 000 + R1 580 000 – (R1 200 000 x 20/120) + (R870 000 x 20/120)
2. R1 920 000 + R1 580 000 - (R1 200 000 x 20/120) + (R870 000 x 20/120) - R795 000
3. R1 920 000 + R1 580 000 + (R1 200 000 x 20/120) - (R870 000 x 20/120) - R795 000
4. R1 920 000 + R1 580 000 – R795 000
1 of 10 2024/09/10, 19
,Assessment 2: Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2251
Question 2
Complete
Marked out of 3
Dashboard Calendar
Use the scenario loaded under additional resources to answer the following question.
Dashboard / My courses / FAC2602-24-S2 / Welcome Message / Assessment 2
The correct journal entry to eliminate the intragroup transaction where training services were provided with related costs and income
incurred, is:
1. Trade payables – E-Volvo Ltd.
R240 000
Trade receivables – Lex Ltd R240 000
2. Other income – Lex Ltd.............. R240 000
Other expenses – E-Volvo Ltd R240 000
3. Other expenses – Lex Ltd......... R240 000
Other income – E-Volvo Ltd.. R240 000
4.
Other income – E-Volvo Ltd..... R240 000
Other expenses – Lex Ltd... R240 000
2 of 10 2024/09/10, 19
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