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FAC1502 assignment 4 2024 | Due 29 October 2024 (100%)
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FAC1502 assignment 4 2024 | Due 29 October 2024
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UNISA 2024 FAC1502-24-S2 Welcome Message Assessment 4QUIZ
Assessment 4
Opened: Tuesday, 22 October 2024, 8:00 AM
Closes: Tuesday, 29 October 2024, 11:00 PM
Unique number: 574489
Summary of your previous attempts
Marks /
State
Finished 95 67 2 00 Congratulations, you pass the
Submitted Thursday, 23 assessment with a distiction.
October 2024,
7
Your nal grade for this quiz is
Overall feedback
Congratulations, you pass the assessment with a distiction.
No more attempts are allowed
, Opened: Tuesday, 22 October 2024, 8:00 AM
Closes: Tuesday, 29 October 2024, 11:00 PM
Unique number: 574489
The following information relates to SIYANDA:
Balances as at 31 August 20.3: R R
Plant and machinery (at cost) 119 000
Accumulated depreciation: plant and machinery 65 240
Additional information
(a) According to the assets register, plant and machinery consist of two Zeep machines of equal value. Both the
machines were purchased and installed on the same date.
(b) Depreciation is written off at 20% per annum by the diminishing balance method.
(c) On 31 January 20.4, management decided to increase production capacity and purchased a Zack machine
on credit from Thulani Ltd for R126 000. One of the Zeep machines was traded in, reducing the amount owing to Thulani Ltd
to R98 700.
(d) On 1 February 20.4, installation charges on the new machine amounting to R8 400 were paid in credit.
REQUIRED
Post the above transactions to the general ledger account provided below.
Instructions:
1. Do not type the amount with any spaces as separators for thousands (eg: 12141)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the "R" for the Rand sign (eg: 12141)
SIYANDA
GENERAL LEDGER
Dr Machinery realisation Cr
R R
20.4 20.4
Jan 31 Plant and machinery 59500 Jan 31 Accumulated depreciation 34860
Profit on sale of machinery 2660 Thulani Ltd/Trade receivables control
27300
62160 62160
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