Exam (elaborations)
exam answers, 2020 final accounting1B
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- Finance and accounting
- Institution
- Finance And Accounting
exam answers final paper for Rosebank college accounting 1B 2020
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20 2020MODULE NAME: Accounting 1B MODULE CODE: ACBP5112
ACCOUNTING 1B ACBP5112/d/e/f/p/w
ACCOUNTING 1B ACBP5122/d/e/f/p/w
Q1 Q2 Q3 Q4 Q5 Q6 Q7 TOTAL
ASSESSMENT TYPE: ACCOUNTING EXAM ANSWER BOOKLET
TOTAL MARK ALLOCATION: 180 MARKS
STUDENT NAME:
STUDENT NUMBER:
LECTURERS NAME:
DATE: 23/11/2020
INSTRUCTIONS:
1. This word document has been provided for your convenience. However, you do not have to
make use of it if you prefer to use another method to submit. Refer to the detailed
instructions in the assessment booklet.
2. Please adhere to the detailed instructions provided in the assessment booklet.
3. Independent work is required.
4. Ensure that your name is on all pieces of paper or books that you will be submitting.
5. Answer all the questions in the assessment booklet. The phrase ‘END OF PAPER’ will appear
after the final set question of this assessment.
Additional instructions:
1. Calculators are allowed.
2. Answer All Questions.
3. Show all calculations, where applicable (marks may be awarded for this).
© The Independent Institute of Education (Pty) Ltd 2020
Page 1 of 19
,20 2020
Question 1 (Marks: 40)
Q.1.1 General Journal of Hybrid Dealers for March 2019 (15)
Doc No. Day Details Fol. Debit(R) Credit(R)
1 JULY N20 8100
2018 DEPRECIATION
B6 8100
ACC DEP. ON EQUIPMENT
(DEPRECIATION AT 20%)
DEPRECIATION 9180
ACC DEP. ON E 9180
(DEPRECIATION AT 20%)
1 JULY – 31 MARC 2019 =54000 X 20/100 X 9/12
=8100
1 APR – 31 MAR 2020 =54000 – 8100
=45900 X 20/100 X 12/12
=9180
© The Independent Institute of Education (Pty) Ltd 2020
Page 2 of 19
, 20 2020
General Journal of Hybrid Dealers for March 2020
Doc No. Day Details Fol. Debit(R) Credit(R)
PROFIT AND LOSS 17280
ACC DEPR ON EQUIP 8100
ACC DEPR ON EQUIP 9180
© The Independent Institute of Education (Pty) Ltd 2020
Page 3 of 19
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