Fac2601 exam pack 2022 - Study guides, Study notes & Summaries

FAC2601 EXAM PACK 2022 FAC2601 - Financial Accounting And Reporting The following information regarding share capital in the accounting records of Mbaso Ltd was obtained on 28 February 2021: R Ordinary share capital at date of incorporation................................................................... 5 000 000 Proceeds on 800 000 ordinary shares issued – 31 August 2020 ....................................... 1 200 000 20 000 10% Cumulative preference shares ..........................

FAC2601 EXAM PACK 2022. FAC2601 - Financial Accounting And Reporting 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 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 cap...

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FAC2601 EXAM PACK 2022 FAC2601 - Financial Accounting And Reporting The following information regarding share capital in the accounting records of Mbaso Ltd was obtained on 28 February 2021: R Ordinary share capital at date of incorporation................................................................... 5 000 000 Proceeds on 800 000 ordinary shares issued – 31 August 2020 ....................................... 1 200 000 20 000 10% Cumulative preference shares ..........................

FAC2601 EXAM PACK 2022 FAC2601 - Financial Accounting And Reporting The following information regarding share capital in the accounting records of Mbaso Ltd was obtained on 28 February 2021: R Ordinary share capital at date of incorporation................................................................... 5 000 000 Proceeds on 800 000 ordinary shares issued – 31 August 2020 ....................................... 1 200 000 20 000 10% Cumulative preference shares ..........................

FAC2601 EXAM PACK 2022 FAC2601 EXAM PACK 2022

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FAC2601 UPDATED LATEST 2022 Exam Pack. PART A DILATA LTD NOTES FOR THE YEAR ENDED 30 JUNE 2020 1. Property, plant and equipment The land and buildings were revalued by an independent sworn appraiser Calculations Buildings Cost at 1 June 2019 = 2 400 000 Accumulated depreciation at 1 June 2019 June 2018 = 2 400 000 x 2% x 6/12 = 24 000 June 2019 = 2 400 000 x 2% = 48 000 Total = 48 000 + 24 000 = 72 000 Additions during the year Depreciation to be capitalised = 20% x 1 920 000 x 4/...