Fac1502 calculations - Study guides, Study notes & Summaries

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

The document contains expected questions and answers for FAC1502 Assignment 3 for 2nd semester with detailed calculations. Direct assistance available at a different fee 0/6/3/1/7/3/8/1/8/1

FAC1502 EXAM PACK FAC1502 OCT/NOV 2008 (WITH SOLUTION) _________________________________________________________________________ This paper consists of 6 pages. The duration is 2 hours. PLEASE NOTE: 1. Ensure that you are writing the correct examination paper. 2. Ensure that you are handed the correct examination answer book (BLUE) by the invigilator. 3. All questions must be answered. 4. Basic calculations, where applicable, must be shown. 5. The answer to each question must be commen...

FAC1502-Financial Accounting Principles, Concepts And Procedures LATEST EXAM PACK. QUESTION 1 SOLUTION DR P HEAL CASH RECEIPTS JOURNAL (CRJ) Doc Number Date MARETT Details BANK Debtors Control Fees earned VAT Output VAT Input SUNDRIES Amount Details 450 1 K. Kelly 275 275 451 1 J. Jail 1710 1500 210 452 9 Y. Old 383 440 (7) (50) Settlement 453&491 12 Deposit 9120 8000 1120 Discount allowed 11488 715 9500 1330 (7) (50) HINTS a) Whenever you sell a good or offer a service,...

FAC1502 EXAM PACK 2022. This is an all-inclusive and a complete guide to FAC1502 - Financial Accounting Principles, Concepts And Procedures. Disposals should be recorded @ carrying amount that is cast minus accumulated depreciation. b) Any assets bought during the year are recorded as additions. c) The depreciation per line item of assets refers to the total depreciation as added in the Accumulated Depreciation account. d) Assets acquired in previous years are recorded as an opening balan...

FAC1502 - Financial Accounting Principles, Concepts And Procedures EXAM PACK. QUESTION 1 SOLUTION DR P HEAL CASH RECEIPTS JOURNAL (CRJ) Doc Number Date MARETT Details BANK Debtors Control Fees earned VAT Output VAT Input SUNDRIES Amount Details 450 1 K. Kelly 275 275 451 1 J. Jail 1710 1500 210 452 9 Y. Old 383 440 (7) (50) Settlement 453&491 12 Deposit 9120 8000 1120 Discount allowed 11488 715 9500 1330 (7) (50) HINTS a) Whenever you sell a good or offer a service, you ...

ANNEXURE A: MAY AND OCTOBER 2012 EXAMINATION Format and marking methodology The May and October 2012 examination papers will consist of four or five questions. All of these questions must be answered. No multiple choice or theoretical questions will be asked, but you must be able to apply the acquired theoretical knowledge in practical questions. Also take note that although Assignments 01 and 02 consist of multiple choice questions, the solutions provided show how to answer them if asked a...

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FAC1502 EXAM PACK Accounting Concepts, Principles and Procedures .QUESTION 1 SOLUTION DR P HEAL CASH RECEIPTS JOURNAL (CRJ) Doc Number Date MARETT Details BANK Debtors Control Fees earned VAT Output VAT Input SUNDRIES Amount Details 450 1 K. Kelly 275 275 451 1 J. Jail 1710 1500 210 452 9 Y. Old 383 440 (7) (50) Settlement 453&491 12 Deposit 9120 8000 1120 Discount allowed 11488 715 9500 1330 (7) (50) HINTS a) Whenever you sell a good or offer a service, you are require...

This file will help you prepare for the exam - it includes templates and tips.