Exam (elaborations)
FAC1501 Assignment 6 Semester 1 2024
- Module
- Institution
FAC1501 Assignment 6 Semester 1 2024
[Show more]
3 reviews
By: noneetse9 • 4 months ago
By: yandukomane • 4 months ago
None of the questions here were covered in the assignment.
By: Wellfocus • 4 months ago
Seller
Follow
LearnLibrary
Reviews received
Content preview
UNISA 2024 FAC1501-24-S1 Welcome Message Assessment 6QUIZ
Assessment 6
Opened: Monday, 20 May 2024, 9:00 AM
Closes: Tuesday, 21 May 2024, 9:00 AM
853233
Kindly note that you will only be able to view your mark obtained for mandatory
assessment 6 and the overall feedback for mandatory assessment 6 after you
have submitted your attempt.
You will be able to view the questions you have received for the attempt, with
their answers and general feedback, after the due date of mandatory
assessment 6.
Attempts allowed: 1
Time limit: 45 mins
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Grade /
State 100.00 Review Feedback
Finished 98 20 You passed this mandatory
Submitted Monday, assessment with a distinction. Keep
20 May 2024, 7:32 up the good work.
AM
Your nal grade for this quiz is
98 20
Overall feedback
You passed this mandatory assessment with a distinction.
Keep up the good work.
No more attempts are allowed
Contact us
, QUIZ
Question 1
Answer saved
Marked out of 15.00
Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo
province. The perpetual inventory system is in use and merchandise are sold at a 25% mark-up
on cost. The following transactions took place during May 2023:
Date Transaction R
6 Purchased merchandise from Matsene Traders and paid cash 15 200
15 Sold merchandise to Mr Hall for cash 4 045
29 Purchased merchandise from Zittace Traders on account 10 200
31 Returned merchandise purchased on credit to Zittace Traders 3 900
The opening balance of the inventory account on 1 May 2023 was R6 500
Required:
Post the above transactions to the general ledger account provided below.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. When no amount needs to be entered in a column, then indicate this by entering "0" in the
column.
Dr Cr
Inventory
2023 R 2023 R
May 1 Balance b/d May 1 Balance b/d
6500 0
31 31
Bank CPJ 15200 Cost of sales CRJ 3236
Trade payables PJ 10200 Trade payables PRJ 3900
Balance c/d Balance c/d
0 24764
31900 31900
Jun 1 Balance b/d Jun 1 Balance b/d
24764 0
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 LearnLibrary. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.70. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now