FAC1502 Notes

FAC1502 Assignment 3 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED Answers, guidelines, workings and references

FAC1501 ASSESSMENT 5 SEMSTER 1 2024 SEARCHABLE Africa Traders, a registered VAT vendor, manufactures and sells face masks. The VAT rate is 15%. All goods are sold at a constant mark-up of 25% and the entity uses the periodic inventory system. How will the above source document be recorded in the applicable subsidiary journal of Africa Traders? Giyani Traders is a business that sells electronic equipment. The entity is not registered as a VAT vendor. The financial year-end of Giyani Trader...

100% percent pass

FAC1501 ASSESSMENT 6 SEMESTER 1 2024 SEARCHABLE Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. During the month of March 2024, Mekgoe Florist maintained a favourable bank balance. The VAT rate is 15%. On 28 March 2024 Mekgoe Florist received a tax invoice of R3 790 (VAT exclusive) for the monthly vehicle insurance from Travelstar (registered VAT vendor) and paid the full amount owing with an electronic ...

100% pass

FAC1501 ASSESSMENT 7 SEMESTER 1 2024 Africa Services, a registered VAT vendor, provides electrician services. On 18 March 2023, Africa Services provided electrician services for R7 499 (VAT inclusive) to SA Traders for cash. The VAT rate is 15%. Required: Record the above transaction in the applicable subsidiary journal of Africa Services. Where applicable, provision must be made for a VAT input column in the purchases journal. True 

You highest score is 70% to 100%

FAC1501 ASSESSMENT 5 SEMSTER 1 2024 SEARCHABLE Africa Traders, a registered VAT vendor, manufactures and sells face masks. The VAT rate is 15%. All goods are sold at a constant mark-up of 25% and the entity uses the periodic inventory system. How will the above source document be recorded in the applicable subsidiary journal of Africa Traders? Giyani Traders is a business that sells electronic equipment. The entity is not registered as a VAT vendor. The financial year-end of Giyani Trader...

FAC1501 ASSESSMENT 6 SEMESTER 1 2024 SEARCHABLE Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. During the month of March 2024, Mekgoe Florist maintained a favourable bank balance. The VAT rate is 15%. On 28 March 2024 Mekgoe Florist received a tax invoice of R3 790 (VAT exclusive) for the monthly vehicle insurance from Travelstar (registered VAT vendor) and paid the full amount owing with an electronic ...

100% percent pass

FAC1501 ASSESSMENT 7 SEMESTER 1 2024 Africa Services, a registered VAT vendor, provides electrician services. On 18 March 2023, Africa Services provided electrician services for R7 499 (VAT inclusive) to SA Traders for cash. The VAT rate is 15%. Required: Record the above transaction in the applicable subsidiary journal of Africa Services. Where applicable, provision must be made for a VAT input column in the purchases journal. True 

100% pass

FAC1502 Assignment 3 (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED Answers, guidelines, workings and references

You highest score is 70% to 100%