Fac 2601 - Study guides, Study notes & Summaries

S - The study-notes marketplace FAC2601 EXAM PACK UNIVERSITY EXAMINATIONS January/February 2021 FAC2601 FINANCIAL ACCOUNTING FOR COMPANIES 100 Marks Duration 2 Hours This paper consists of 8 pages. Instructions: Download this paper as soon as it has been accessed. Remember to complete and adhere to the Honesty Declaration. Please upload submission in PDF-format, single file not larger than 20Mb be...

Recent exam questions and answers and summarized notes for exam preparation. Whatsapp 067 026 7903 for assistance. All the best on your exams!!

With clear calculations

Recent exam questions and answers and summarized notes for exam preparation. Whatsapp 067 026 7903 for assistance. All the best on your exams!!

FAC2601 LATEST EXAM PACK

FAC2601 past exam paper answers - Exam Pack. All answers are in worked out in detail.

1.1 INTRODUCTION In Accounting I you were introduced to company annual financial statements. You studied aspects such as the format and layout of a statement of financial position, statement of comprehensive income and cash flow statement. In Accounting II you will be studying the above aspects in greater detail and you will be acquiring knowledge of International Financial Reporting Standards (hereafter called IFRS). IFRS are being developed by the International Accountants Standard...

This question must be answered in your examination answer book – please only write down the number that you think is correct. Each question has only one correct answer. The marks per question are indicated in brackets at the end of each question. (a) The 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 i...

QUESTION 1 Gold Limited acquired 60 000 of the ordinary shares in Silver Limited on 1 March 2013. On this date Silver Limited had retained earnings of R15 000 and the carrying amounts of the assets and liabilities were equal to the fair values. The following represent the abridged trial balances of Gold Limited and Silver Limited at 28 February 2015: Debits Land and buildings Machinery and equipment Investment in Silver Limited at fair value (cost price: R160 000) Bank Trade and other ...

FAC2601 ASSIGNMENT 2 SEMESTER 1 - 2022. 100% TRUSTED workings, explanations and solutions. Whatsapp 4 for assistance.