Fac 3701 - Study guides, Class notes & Summaries

With my passion to change the world through education, I decided to diligently prepare the attached assignments. The more educated we are the the better world we create for the future generations

1. The following information regarding the property, plant and equipment of Kanton Ltd is an extract from the asset register after the recording of all the asset transactions for the year: Cost 1/01/20.3 R Carrying amount 31/12/20.4 R Carrying amount 31/12/20.5 R Depreciation rate Tax base 31/12/20.4 R Tax base 31/12/20.5 R Tax allow -ance Plant and equipment Motor vehicles 200 000 120 000 160 000 60 000 140 000 20 000 10% straight -line 25% straight -line ...

FEEDBACK ON PREVIOUS EXAMINATION PAPERS OCTOBER / NOVEMBER 2011 SOLUTION 1: ACCOUNTING POLICIES, HANGERS IN ACCOUNTING ESTIMATES AND ERRORS, IAS 10 (AC107) – EVENTS AFTER THE REPORTING PERIOD 1AS12 (AC102) – INCOME TAXES AND IAS 18 (AC111) REVENUE Question 1.1. Calculation of corrected profit before Tax of rainbow Limited for the year ended 28 February 2011 Provisional profit Cash on delivery sales – reversed Credit loss [ 10 000 – 0.10) Change in accounting estimate (300 000 ...

FAC3701 ASSIGNMENT 1 ANSWERS YEAR 2021

FAC 3701 ASSIGMENT 1 SEMESTER 1 2021 - ANSWERS

We are also available on