000 notes payable 35 - Study guides, Class notes & Summaries

MAY/JUNE 2014 QUESTION 1 MULTIPLE CHOICE 1-D 2-A 3-A 4-C 5-D 6-D 7-D 8-B 9-C 10-B QUESTION 2 2.1. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy periods. Security personnel should be present at all times to ensure th...

Extract of items from the statement of financial position information as at 28 February 2022: 2022 2021 R R Land and buildings at cost 668 300 397 500 Furniture and equipment at cost 158 300 198 800 Accumulated depreciation: Furniture and equipment 33 900 12 000 Loans to director 187 200 198 800 Trade debtors control 44 300 41 400 Interest receivable - 6 000 Trade creditors control 26 800 16 400 Mortgage 62 400 167 000 Share capital 587 800 519 000 Retained earnings 800 200 469 200 Revaluation r...

FAC2601 FINANCIAL ACCOUNTING FOR COMPANIESThe following list of balances appear, amongst others, in the accounting records of Vusi Ltd on 31 October 2020: Ordinary share capital (shares issued at R2.30 each) R1 265 000 Proceeds of ordinary shares issued on 30 June 2020 R 540 000 (Shares issued at R2.70 each) The following decision was taken and has not yet been recorded in the accounting records of Vusi Ltd as at 31 October 2020: The directors decided on a capitalisation share issue of 1 share f...

S - The study-notes marketplace FAC2601 EXAM PACK UNIVERSITY EXAMINATIONS January/February 2021 FAC2601 FINANCIAL ACCOUNTING FOR COMPANIES 100 Marks Duration 2 Hours This paper consists of 8 pages. Instructions: Download this paper as soon as it has been accessed. Remember to complete and adhere to the Honesty Declaration. Please upload submission in PDF-format, single file not larger than 20Mb be...

Ensure your success with us... QUESTION 1 (25 marks; 45 minutes) Lesidi Limited, a company listed on the Johannesburg Stock Exchange (JSE), specialises in manufacturing paint. Their flagship product, Yizo, has been rated the best paint by the South African Paint Association for the past ten years. This top award has driven Lesidi's success and challenged them to innovate continuously to maintain Yizo's quality standards. The company has developed various Yizo product variations and is always l...

FAC1601-Financial Accounting And Reporting Assignment 4 Semester 1 2022. Question 1 Not yet answered Marked out of 6.00 The information below relates to questions 1 – 20: The following information relates to Phokwane Limited: Extract of items from the statement of financial position information as at 28 February 2022: 2022 2021 R R Land and buildings at cost 668 300 397 500 Furniture and equipment at cost 158 300 198 800 Accumulated depreciation: Furniture and equipme...

FAC2601-Financial Accounting And Reporting For Companies EXAM PACK 2021. QUESTION 1 (10 marks) (12 minutes) This question must be answered in your examination answer book – please only write down the number that you think is correct. Each question has only one correct answer. The marks per question are indicated in brackets at the end of each question. (a) The following list of balances appear, amongst others, in the accounting records of Vusi Ltd on 31 October 2020: Ordinary share capit...

FAC1601-Financial Accounting And Reporting Assignment 5 Semester 1 2022. Moletji Ltd is public company owned by two prominent business women and the local community trust around the Capricorn District Municipality. The company was founded in the year 2018 and the following information pertains to the company: Extract of accounts pertaining to the statement of financial position as at 31 December: Extra from the statement of financial position 2020 2019 R R Land and buildings at cost ...

MRL2601 EXAM PACK 2022. MRL2601 - ENTREPRENEURIAL LAW Name the different types of companies provided for in the Companies Act 71 of 2008. (5) 1.2 Describe the procedure for amending the Memorandum of Incorporation of a company. (5) 1.3 Explain whether it is possible to pass a shareholders’ resolution without holding a face-to-face meeting where the decision is one that should be taken at an annual general meeting. Refer to relevant case law in your answer. (10) 1.4 Read the following s...

FAC1601-Financial Accounting And Reporting Assignment 5 Semester 1 2022. Moletji Ltd is public company owned by two prominent business women and the local community trust around the Capricorn District Municipality. The company was founded in the year 2018 and the following information pertains to the company: Extract of accounts pertaining to the statement of financial position as at 31 December: Extra from the statement of financial position 2020 2019 R R Land and buildings at cost ...