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FAC1503 ASSIGNMENT 2 FOR 2024 R50,00
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  3. University Of South Africa (Unisa)
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  5. FAC1503 - Financial Accounting Principles For Law Practitioners

Exam (elaborations)

FAC1503 ASSIGNMENT 2 FOR 2024

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The document contains questions and answers for FAC1503 assignment 2 for 2024. There are various attempts on the document with all pass obtained. Note that questions may differ per student.

Last document update: 1 year ago

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  • May 18, 2023
  • October 20, 2023
  • 28
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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FAC1503
ASSIGNMENT 05 FOR 2ND SEMESTER 2023




FEND TUTORIALS

, Disclaimer


This document contains expected
questions and answers for FAC1503
ASSIGNMENT 5for second semester
2023. Please not that questions may
differ and that makes this document
to be used as a guideline. If ever you
need help directly you can contact us
on 0631738181 so that we can assist
but the price is different from that
offered on this site.

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Question text
In the financial statements, accrued expenses will be classified as?
Select one:

a.
Non-current liabilities

b.
Current liabilities

c.
Non-current assets

d.
Current assets
Clear my choice

Question 3
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Question text
The following transaction relates to the accounting records of SA Attorneys for March 2022. The
legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with
a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022
in a book of first entry will be:
Select one:

a.
Sheriffs’ journal

Dr Cr
Date Details R R
24 Client – A South 100

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