Fac2602 notes - Study guides, Study notes & Summaries

FAC2602 Learning Unit 5 Summary Notes 2022. The following represent the abridged financial statements of X Ltd and its subsidiary, Y Ltd: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 20.9 X Ltd Y Ltd R R ASSETS Property, plant and equipment 200 000 220 000 Investment in Y Ltd – 30 000 ordinary shares at fair value (cost price: R152 500) 152 500 – Trade and other receivables 50 500 80 000 Bank 27 000 45 000 430 000 345 000 3 EQUITY AND LIABILITIES Share capital – ordin...

FAC2602 Learning Unit 6 2022. FAC2602 - Selected Accounting Standards And Simple Group Structures The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation ...

FAC2602 Learning Unit 6 2022. The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation 102 000 42 000 Staff costs 95 000 35 000 Interest paid on bank over...

FAC2602 ASSIGNMENT 2 SEMESTER 1 2022. Selected Accounting Standards And Simple Group Structures. Profit on sale of machinery (Begonia Ltd) (230 000 − 150 000) Machinery (Daisy Ltd) Accumulated Depreciation: (Daisy Ltd) (80 000 * 20% * 9 ) 12 Depreciation (Begonia Ltd) 80 000 12 000 80 000 12 000 (b) Cost of Sales (Daisy Ltd) [(680 000 + 90 000) * 25 )] 125 Inventory (Begonia Ltd) 154 000 154 000 S - The study-notes marketplace Downloaded by: Masters | Distribution of this docume...

FAC2602 Learning Unit 6 2022. The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation 102 000 42 000 Staff costs 95 000 35 000 Interest paid on bank ove...

FAC2602 ASSIGNMENT 2 SEMESTER 1 2022. Profit on sale of machinery (Begonia Ltd) (230 000 − 150 000) Machinery (Daisy Ltd) Accumulated Depreciation: (Daisy Ltd) (80 000 * 20% * 9 ) 12 Depreciation (Begonia Ltd) 80 000 12 000 80 000 12 000 (b) Cost of Sales (Daisy Ltd) [(680 000 + 90 000) * 25 )] 125 Inventory (Begonia Ltd) 154 000 154 000 S - The study-notes marketplace Downloaded by: Masters | Distribution of this document is illegal S - The study-notes marketplace For academic...

Exam Pack contains • Exam question papers • Memorandums • Summary of the course material • Additional notes.

Exam Pack contains • Exam question papers • Memorandums • Summary of the course material • Additional notes.

FAC2602 ASSIGNMENT 2 SEMESTER 1 2022. Profit on sale of machinery (Begonia Ltd) (230 000 − 150 000) Machinery (Daisy Ltd) Accumulated Depreciation: (Daisy Ltd) (80 000 * 20% * 9 ) 12 Depreciation (Begonia Ltd) 80 000 12 000 80 000 12 000 (b) Cost of Sales (Daisy Ltd) [(680 000 + 90 000) * 25 )] 125 Inventory (Begonia Ltd) 154 000 154 000 S - The study-notes marketplace Downloaded by: Masters | Distribution of this document is illegal S - The study-notes marketplace For academi...

FAC2602 - PAST EXAM PACK SOLUTIONS & BRIEF NOTES