Exam (elaborations)
FAC1501 ASSESSMENT 2 2024 SEMESTER 1
- Institution
- University Of South Africa (Unisa)
FAC1501 ASSESSMENT 2 2024 SEMESTER 1
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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, 2:19 PM Assessment 2 (page 1 of 2)
FAC1501-24-S1 Welcome Message Assessment 2
QUIZ
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Question 1
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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 received a tax invoice of R3 790 (VAT exclusive) for the monthly vehicle insurance from Travelstar
(registered VAT vendor) and paid the full amount owing with an electronic funds transfer.
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
B/S4 28
Travelstar 0 3790 0 0 3790 Insurance
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16704303&cmid=842826 1/6
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