Exam (elaborations)
FAC1501 Assignment 9 Semester 2 2024
- Course
- FAC1501 (FAC1501)
- Institution
- University Of South Africa (Unisa)
FAC1501 Assignment 9 2024
[Show more]
Content preview
Guide to logging into myMod. X FA1501-24-S1: Assessment 9 Xx # □c ; mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=842833
*
JNISA.2- 15° .CE myAdmin a 0
etc4i4 ave4f
Time limit: 2 hours
Grade to pass 50.00 out of 100 00
Summary of your previous attempts
State Grade/ 100.00 Review Feedback
Finished 65.14 Well done. You passed this assessment
Submitted Thursday, 23 May 2024, 10.44 AM
Your final grade for this quiz is 65.14/100.00.
Overall feedback
Well done. You passed this assessment.
No more attempts are allowed
Back to the course
Previous activity Next activity
, Guide to logging into myMoad, Assessment 9 (page 1 0f 13) X +
C % mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=19547845&cmid=842833
UNISA2- 15° --C myAdmin
Back
] 1.04.
Time left
Question l
Mrs A Zulu, decided to open a small grocery store in her neighbourhood where she will support local people by purchasing their produce to sell. She
Answer saved
deposited R25 000 into the bank account of South Stores to start the business
Marked out of
1.00 In the accounting records of South Stores for this transaction, equity will increase on the credit side.
f Ela.qu
@ True
0 False
a»
Previous activity Next activity
< Assessment 8
(
Jump to..
Word of welcome
; mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt= 195478458cmid=8428338page=1
usA2-: 15° C myAdmin
Question Z Majola Traders is a registered VAT vendor and the financial year end is 28 February 2023 The bookkeeper of Majola Traders requested
your,
Time left
1.0417]
Incomplete noting the following:
answer
a) On 5 June 2022, Majola Traders received an electronic funds transfer of R135 240 (VAT inclusive) for rental of a new office building from June 2022 up to
Marked out of
31 May 2023. The total amount recorded on the trial balance on 28 February 2023 is R117 600.
8 00
Ela,g stior b) The total insurance paid for the year as per the trial balance on 28 February 2023 is R17 500. The monthly insurance premium is R1 437.50 (VAT inclusive).
Required:
Prepare the general Journal with regard to the adjustments of Majola Traders at 28 February 2023
MAJOLA TRADERS
GENERAL JOURNAL - FEBRUARY 2023
Debit Credit
R R
/ J
•
Rent income 29,400
(iccrued
Income [z«» _]
Adjustment entry for rent
(
Prepaid expense
(
Insurance
Adjustment entry for insurance
•
·)
2s00
l
2.so0o
l
fellow it yet be recored i tee.ti record6f4fie Ten;
The benefits of buying summaries with Stuvia:
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
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
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 LearnLibrary. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R60,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now