FAC3/01 ©
Assignment 1 Semester 1 2024
Detailed Solutions, References & Explanations
Unique number: 702057
Due Date: 5 April 2024
ASSESSMENT 01 (First semester) (30 marks)
WRITTEN ASSESSMENT
Ndlovu Jam Ltd is a company specializing in the manufacturing of various types of
jams and sauces.
The following is an extract of Ndlovu Jam Ltd’s trial balance for the year
ended 31 December 2023:
Notes Debit Credit
R R
Administration building — cost 1.1 1 500 000
Delivery vehicles — cost 1.2 1 150 000
Administration building — accumulated depreciation 1.1 150 000
Delivery vehicles — accumulated depreciation 1.2 330 000
Trade receivables 2 115 000
Profit before tax 3 962 000
Terms of use
By making use of this document you agree to:
e Use this document as a guide for learning, comparison and reference purpose,
e Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
e Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
* reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.