Exam (elaborations)
FAC1502 ASSIGNMENT 7 2024
- Institution
- University Of South Africa (Unisa)
FAC1502 ASSIGNMENT 7 2024
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*- Assessment 7 (page 3 of 15) X u Select o n e True False Question X +-> O -o mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=1 9663905&cmid=844666&page=2
/UNISA 1ST I5® Dashboard myModules * myAdmin
Additional Resources Question 3
The following information for March 2023 relates to Bapong Traders. I Time left 1:03:12 I
Incomplete
Assessment 1
answer 1. The following information appeared in the bank reconciliation statement for February 2023.
M a r k e d out of
Assessment 2
39.00
Bank reconciliation statement as at 3 0 February 2 0 2 3
Assessment 3 V Flag question
Debit Credit
Assessment 4
R R
Assessment 5 Unfavourable balance as per the bank statement 24 500
Outstanding deposit 205 7 500
Assessment 6
Outstanding EFT no:
Assessment 7
- No. 210 3 500
START HERE - No. 212 1 800
- No. 213 2 550
ASSESSMENT INFORMATI...
Credit correction of error 250
Study plan
Unfavourable balance as per bank account 24 600
How to calculate final mark
Admin self-assessment to ...
ASSUMED KNOWLEDGE
2. The following appeared in the cash journals, but not on the bank statement.
TOPIC A Outstanding deposit of R3 000
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5
' ( p a g e 3 of 15) X o Select o n e True False Q u e s t i o n x +
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Outstanding deposit of R3 000
EFT 217 for R1 500 t o NCA for stationery purchased.
Durces
Timp Ipft 1 '0"3‘
3. EFT no. 21 0, 212 appeared on the current bank statement for March2023. _________' '
The error made by the bank during February 2023 was corrected on the bank statement for March 2023.
The outstanding deposit 205 does not appear in the current bank statement for March 2023.
4. An EFT for R3 550 was reflected in the BapongTraders bank statement. This payment is not related to business and
must be corrected by the bank.
5. An EFT payment to N Thoka for R800 was cancelled. The bookkeeper, however, recorded the payment in the cash
payments journal.
6. EFT 21 5 for R4 300 appeared twice on the bank statement.
7. An EFT payment to Solly Traders in settlement of our account R5 340. The bookkeeper incorrectly entered the
amount as R5 520 in the cash payments journal.
8. A debit order of R4 000 in favour of Telkom for the personal telephone account of the business appeared on the
bank statement but not on the relevant cash journals.
9. Bapong Traders made an EFT payment of R14 600. The bookkeeper incorrectly entered the amount as R11 900 in
INFORMATI...
the cash payments journal.
1 0. Balances and subtotals at the end of March 2023.
Cash receipts journal R224 660
te final mark
Cash payments journal R216 020
essment to ...
Unfavourable bank statement R37 445
JWLEDGE 1 1 . The following appeared on the bank statement, but not in the cash journals:
annual service fee - R355
4:32 AM
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5/28/2024
,; of 15) o Select one True False Question
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Cash payments journal R216 020
Unfavourable bank statement R37 445
Time left 1:03:05
1 1 . The following appeared on the bank statement, but not in the cash journals:
annual service fee - R355
internet service fee - R125
cash deposit fees - R985
REQUIRED:
Complete the following in the accounting records of Bapong Traders for the month ended on 31 March 2023:
• The cash receipts and cash payments journals (bank columns only), properly totalled, as at 31 March 2023
• The bank account in the general ledger, properly balanced, as at 31 March 2023
• The bank reconciliation statement as at 31 March 2023
Instructions for numeric responses:
MATI...
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)
mark 3. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in front
of the amount (eg: -1000.01)
nt to ... 4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any
sign (eg: 1000.01)
GE
Bapong Traders
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4:32
?ssment 7 (page 3 of 15) X Q Select one True False Question X +
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NISA of south africa
Dashboard myModules myAdmin & p
3. An entry i n the credit column ot the bank reconciliation statement must be indicated by using a negative sign in front
of the amount (eg: -1 000.01 )
4. An entry i n the debit column of the bank reconciliation statement must b e indicated by the amount without any
l a i Resources
sign (eg: 1000.01) Time left 1:03:01
Tient 1
Bapong Traders
Tient 2
Cash receipts journal - 3 1 March 2023
Tient 3
Details R
Tient 4
31Subtotal 224660.00
Tient 5
N Thoka ; j 1200
Tient 6
Qualixia Traders 4 J 3000
Tient 7
HERE 227,875
>MENT INFORMATL.
an
Cash payments journal - 3 1 March2023
calculate final mark
Details R
>elf-assessment to ...
30Subtotal 216020
ED KNOWLEDGE
Bank charges 4 1465
1 f
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