Exam (elaborations)
FAC1501 ASSESSMENT 2 SEMESTER 1 2024
- Institution
- University Of South Africa (Unisa)
FAC1501 ASSESSMENT 2 SEMESTER 1 2024
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BMZ ACADEMYBMZ Academy
CONTACT @ 061 262 1185/068 053 8213/0717513144
BMZ ACADEMY 0612621185/ 0717513144/ 068 053 8213
, 4/1/24, 10:37 AM Assessment 2 (page 1 of 2)
FAC1501-24-S1 Welcome Message Assessment 2
QUIZ
Time left 0:10:08
Question 1
Not yet answered
Marked out of 5.00
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 made an electronic funds transfer for R74 000 in payment of the monthly salaries. Internet banking
notice of payment 010 was issued.
Required:
Record the transaction on 28 March 2024 in the correct subsidiary journal of Mekgoe Florist.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. Only show the amount, do not show the "R" (eg: 1000)
Mekgoe Florist
Cash payments journal – March 2024 CPJ1
Sundry accounts
Doc Day Details Fol Bank Inventory VAT Amount Fol Details
N/A
No
N/A
010 28
Salaries 0 74000 0 0 74000 Salaries
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16693590&cmid=842826 1/6
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