100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (169265) - DUE 10 April 2024 • Course • Financial Accounting and Reporting - FAC1601 (FAC1601) • Institution • University Of South Africa (Unisa) • Book • ABOUT FINANCIAL ACCOUNTING VOLUME 2 (8TH ED£2.04
Add to cart
FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (169265) - DUE 10 April 2024 • Course • Financial Accounting and Reporting - FAC1601 (FAC1601) • Institution • University Of South Africa (Unisa) • Book • ABOUT FINANCIAL ACCOUNTING VOLUME 2 (8TH ED
FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (169265) - DUE 10 April 2024
• Course
• Financial Accounting and Reporting - FAC1601 (FAC1601)
• Institution
• University Of South Africa (Unisa)
• Book
• ABOUT FINANCIAL ACCOUNTING VOLUME 2 (8TH EDITION)
FAC1601 Assignment ...
FAC1602 Assignment 5 (COMPLETE ANSWERS) Semester 2 2024 - DUE 12 November 2024; 100% TRUSTED Complete, trusted solutions and explanations.
All for this textbook (102)
Written for
University of South Africa
FAC1601
All documents for this subject (39)
5
reviews
By: khwezilethu • 7 months ago
By: tabbymwesh59 • 7 months ago
its a helpful document
By: novemberkelly85 • 7 months ago
By: tabbymwesh59 • 7 months ago
its ahelpful document
By: nonhlyzandile • 7 months ago
By: tabbymwesh59 • 7 months ago
thank you,i hope the document was helpful
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: malusioltavie95 • 7 months ago
By: tabbymwesh59 • 7 months ago
thank you,i hope the document was helpful
By: tabbymwesh59 • 7 months ago
Reply deleted by the user
By: jcloete2015 • 7 months ago
Seller
Follow
tabbymwesh59
Reviews received
Content preview
Exam (elaborations)FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (169265) - DUE
10 April 2024• Course• Financial Accounting and Reporting - FAC1601 (FAC1601)•
Institution• University Of South Africa (Unisa)• Book• ABOUT FINANCIAL
ACCOUNTING VOLUME 2 (8TH EDITION)FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1
2024 (169265) - DUE 10 April 2024 ;100% TRUSTED workings, explanations and solutions. for
assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.........
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, Exam (elaborations)
FAC1601 Assignment 2 (COMPLETE ANSWERS)
Semester 1 2024 (169265) - DUE 10 April 2024
Course
Financial Accounting and Reporting - FAC1601 (FAC1601)
Institution
University Of South Africa (Unisa)
Book
ABOUT FINANCIAL ACCOUNTING VOLUME 2 (8TH EDITION)
FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024
(169265) - DUE 10 April 2024 ;100% TRUSTED workings, explanations
and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.........
Question 1 Open course index Open block drawer Back Assessment 2 2
Not yet answered Marked out of 11.00 The following information is
presented for Setlagole Catering, a business in providing luxury catering
services to the areas around the Dr Ruth Segomotsi Mompati District
Municipality in the North West province. These are the balances when they
commenced a simultaneous liquidation of the partnership: EXTRACT OF
BALANCES R Trade payables 53,900 Trade receivables 87,300 Catering
equipment (cost) 189,000 Vehicles (at cost) 180,000 Catering equipment
(accumulated depreciation) 123,979 Vehicles (accumulated depreciation)
67,500 Building (at cost) 250,000 The following transactions took place as
part of the liquidation: 1. Debtors were offered a 5% settlement discount.
Only 94% of the debtors settled their balances and the remainder of the
debtors book was sold to a debt agency at 65% discount. 2. The creditors
were all settled at a settlement discount of 11%. 3. The vehicle and the
building were auctioned off for R112 000 and R283 300 respectively 4. The
catering equipment was sold to another local catering company for R55
000. Which one of the following alternatives represents the correct net profi
t (or loss) made on the simultaneous liquidation of Setlagole Catering?
Your answer must be rounded off to the nearest rand. a.(R 19,367) b. (R
28,708) c. (R 21,200) d.R 170,279 e.R 21,200 f. (R 170,279) g. R 28,708 h.
R 19,367 Clear my choice
To determine the net profit or loss made on the simultaneous liquidation of Setlagole
Catering, we need to calculate the proceeds from the sale of assets and compare them to the
total liabilities settled after applying discounts.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller tabbymwesh59. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.04. You're not tied to anything after your purchase.