Exam (elaborations)
AIN2601 Assignment 3 2024 | October 2024
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AIN2601 Assignment 3 Semester 2 2024
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By: thabilekweyama3 • 4 weeks ago
By: nethengwemulweli123 • 1 month ago
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1. UNISA2. 2024
3. AIN2601-24-S2
4. Welcome Message
5. Assessment 3
Assessment 3
Started on Wednesday, 2 October 2024, 11:34 PM
State Finished
Completed on Wednesday, 2 October 2024, 12:02 PM
Time taken 26 mins 57 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Question 1
Complete
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When recording an investment transaction, once can use the bank statement as a source documents.
Select one:
True
False
Question 2
Complete
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In which data entry field will a transfer transaction be processed?
1. Customers
2. Cash book
3. Journal
4. Suppliers
,A similar layout of various source documents increases the speed of data capturing but may result in more errors being made because of the
similarities.
Select one:
True
False
Question 4
Complete
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Which process does NOT form part of the revenue processes
a. Sales order
b. Quotation
c. Invoicing
d. Payment
Question 5
Complete
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Early payment terms with suppliers will be automatically calculated in Pastel.
Select one:
True
False
, Question 7
Complete
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Which document will a company use to request the purchase of items or services to be rendered?
a.
Supplier’s delivery note
b. Purchase Order
c.
Inventory Request note
d. Invoice
Question 8
Complete
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You have an account (30 day term) at TEDGARS Fashion, you’ve always used shopping as a form of retail therapy and now you owe R5600
made up as follows:
- R 1800 on invoice IN890 dated 4 Jan 2023
- R 1100 on invoice IN1059 dated 11 Jan 2025
- R 300 on invoice IN1189 dated 17 Jan 2023
- R 2400 on invoice IN1489 dated 9 Feb 2023
What is the amount outstanding at 28 February 2023?
R4500
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