Financial Accounting Principles Concepts and Procedures (FAC1502)
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FAC1502 ASSIGNMENT 3 FOR 2ND SEMESTER 2024 WITH DETAILED CALCULATIONS
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Course
Financial Accounting Principles Concepts and Procedures (FAC1502)
Institution
University Of South Africa (Unisa)
The document contains expected questions and answers for FAC1502 Assignment 3 for 2nd semester with detailed calculations. Direct assistance available at a different fee 0/6/3/1/7/3/8/1/8/1
Financial Accounting Principles Concepts and Procedures (FAC1502)
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FAC1502
ASSIGNMENT 3 FOR 2ND SEMESTER 2024
FEND TUTORIALS
, Please note that the questions may
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document can be used as a guideline. If
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Question text
The accountant for Gizmo Traders provides you with the following information for the financial
years ended 31 May 20.2; 31 May 20.3 and 31 May 20.4:
The gross profit percentage on cost of sales for the year ended 31 May 20.2 is …
Instructions:
1. Use a full stop to indicate any decimals (eg: 70.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Don't show the % sign only the numbers (eg: 70.01% is 70.01)
53
Answer:
CALCULATION
450000/850000=0.529
0.529x100=53
Question 3
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