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FAC1602 ASSESSMENT 4 UNISA SEMESTER 2 2024 Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR Tambo District Municipality in the Eastern Cape. The company services government contracts and private energy rms, operating from$2.76
Elementary Financial Accounting and Reporting (FAC1602)
Exam (elaborations)
FAC1602 ASSESSMENT 4 UNISA SEMESTER 2 2024 Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR Tambo District Municipality in the Eastern Cape. The company services government contracts and private energy rms, operating from
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Course
Elementary Financial Accounting and Reporting (FAC1602)
Institution
University Of South Africa (Unisa)
Book
FAC1601
FAC1602 ASSESSMENT 4 UNISA SEMESTER 2 2024
Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR Tambo District Municipality in the Eastern Cape. The company services government contracts and private energy rms, operating from Qumbu with projects mainly along the muni...
FAC1601 UNISA ASSESSMENT 4 SEMESTER 2 2024 Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR Tambo District Municipality in the Eastern Cape. The company services gov...
FAC1601 ASSESMENT 2 SEMESTER 2 2024 If the remaining partners do not wish to sell a retiring partner’s share, they can use partnership funds to settle the retiring partner’s interest. True Fal...
FAC1602 ASSESMENT 2 SEMESTER 2 2024 When a new partner is admitted to a partnership, the old partnership automatically continues without any changes to the ownership structure. True False What ha...
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Elementary Financial Accounting and Reporting (FAC1602)
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,10/22/24, 9:26 AM Assessment 4 (page 1 of 17)
FAC1602-24-S2 Welcome Message Assessment 4
QUIZ
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Question 1
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What is the primary objective of a statement of cash flows?
a. To predict future sales revenue.
b. To report only the income earned by a business during the year.
c. To provide information about the cash inflows and outflows of a
business during a financial year.
d. To track the changes in equity over the financial period.
In which situation would a branch need to record an entry in the branch
adjustment account?
a. When the branch makes a local purchase
b. When inventory is invoiced at cost price
c. When inventory is returned to the head office
d. When inventory is invoiced at selling price
In the case of inter-branch inventory transfers, which accounts are used?
a. Branch inventory of both receiving and transferring branches
b. Branch inventory and branch trade payables
c. Branch inventory and branch expenses
d. Branch adjustment and branch trade receivables
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