Fac 2601 - Study guides, Study notes & Summaries

THIS DOCUMENT CONTAINS EXPECTED SOLUTIONS AND WORKINGS TO ASSIGNMENT FAC2601 ASSIGNMENT 2 OF 2022 SEMESTER 1.

FAC 2601 The Conceptual Framework for Financial Reporting notes. What is the Framework? • Sets out the objec7ves & concepts – that underlie the prepara7on & presenta7on of – general purpose financial statements for external users. (Framework par 1) • Provides a theore7cal background or general frame of reference – used by standard seEers (IASB) when seKng new standards Visit for a range of UNISA products Visit for a range of UNISA products FAC2601...

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QUESTION 1 BELL CREST LTD NOTES TO NON-CURRENT ASSETS Property, plant and equipment Land Buildings Plant and machinery Delivery vehicle Furniture and equipment Carrying amount at the beginning of the year 800 000 1 025 000 2 100 000 55 000 480 000 Gross carrying amount 800 000 1 200 000 3 733 333 (5) 84 615 (12) 600 000 Accumulated depreciation - (175 000) (2) (1 633 333) (6) (29 615) (13) (120 000) Additions at cost 700 000 1 275 000 70 000 (14) Disposals (958 333) (9) (45 128) (16) Depreciatio...

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FAC 2601 EXAM PACK 2021, UNISA

FAC_2601___Assessment_2__2023.CONTAINS WORKINGS EXPLANATIONS AND SOLUTIONS WHICH ARE 100% SURE

FAC2601 FINANCIAL ACCOUNTING FOR COMPANIESThe following list of balances appear, amongst others, in the accounting records of Vusi Ltd on 31 October 2020: Ordinary share capital (shares issued at R2.30 each) R1 265 000 Proceeds of ordinary shares issued on 30 June 2020 R 540 000 (Shares issued at R2.70 each) The following decision was taken and has not yet been recorded in the accounting records of Vusi Ltd as at 31 October 2020: The directors decided on a capitalisation share issue of 1 share f...

FAC2601 EXAM PACK 2022 FAC2601 EXAM PACK 2022