100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Fac1502 assignment 3 semester 1 2023 R55,00   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. FAC1502 Financial Accounting (FAC1502)

Exam (elaborations)

Fac1502 assignment 3 semester 1 2023

3 reviews
 1207 views  37 purchases

This is a collection of multiple attempts assignment 3 solutions for Fac, helping you to obtain that distinction you deserve, 100% guaranteed...

Preview 4 out of 333  pages

Document information

  • May 21, 2023
  • 333
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

All documents for this subject (5)

3  reviews

review-writer-avatar

By: thulisiwesphesihle16 • 6 months ago

review-writer-avatar

By: mzimavi • 6 months ago

review-writer-avatar

By: asamlaal94 • 1 year ago

Seller

avatar-seller
TutorNkonyane

Reviews received

Content preview

FAC1502
ASSIGNMENT 3




FIRST SEMESTER 2023
BY: MTHOMBENI: 0767297208

1

,Instructions
1. Convert this document into word from the ILOVEMYPDF website
2. Type any word from the question and paste on the search bar

Example

Betties Smith is the owner of Bettties Plumbing.

Copy the whole sentence and paste into the search bar
Once the information pops out , check if the amounts are the same

3. If you come across questions that are not on this memo, send me a WhatsApp message

4. Don’t forget to rate us 5 so we can continue to do best




2

,VERSION 1

Indicate by choosing the correct option whether the following statement is true or false:
A receipts and payments statement for non-profit entities is the same as a bank account for a sole trader.


Select one:
True
False
Question 2
Answer saved
Marked out of 11.00




Flag question
Question text
The following information was extracted from the accounting records of Lele Plastics:
Balances at 1 April 20.19 R
Equipment: Cost 56 000
Accumulated depreciation: Equipment (37 800)


Additional information
At the beginning of the financial year, 1 April 20.19, Lele Plastics replaced its plastic shredding equipment
with new glass recycling equipment that had a purchase price of R250 000. The replaced plastic shredding
machine was sold for R10 500 cash, it was the only piece of equipment in the books of Lele Plastics prior
to the purchase of the new glass recycling equipment. Depreciation is provided at 15% p.a. on the straight-
line method.



The correct property, plant and equipment note for equipment (total column excluded) for Lele
Plastics on 31 March 20.20 will be:


Instructions:
Drag the correct answer into the correct space.
An option can be used more than once.
Please keep the sequence of transactions strictly according the information given but also in the correct
format.




3

, 4

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorNkonyane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R55,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R55,00  37x  sold
  • (3)
  Buy now