100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada
logo-home
Buscado previamente por ti
Buscado previamente por ti
logo
FAC1601 Assignment 1 2023 solutions semester 1 2,68 €   Añadir al carrito
Navegar rápidamente a
Vista previa
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. FAC1601 - Financial Accounting And Reporting (FAC1601)

Otro

FAC1601 Assignment 1 2023 solutions semester 1

2 reseñas
 269 vistas  10 veces vendidas
  • Grado
  • FAC1601 - Financial Accounting And Reporting (FAC1601)
  • Institución
  • University Of South Africa (Unisa)

100% SOLUTIONS FOR FAC1601 QUESTIONS ANSWERED Which of the following statements is correct: 1. A liability is a future obligation of a reporting entity to transfer an economic resource as a result of a past event. 2. The accounting equation is: Liabilities + Assets = equity 3. The value of a ...

[Mostrar más]

Vista previa 3 fuera de 23  páginas

Información del documento

  • 18 de marzo de 2023
  • 23
  • 2022/2023
  • Otro
  • Desconocido

Temas

  • which of the following statements is correct 1 a liability is a future obligation of a reporting entity to transfer an economic resource as a result of a past event 2 the accounting equation is

Escuela, estudio y materia

  • University of South Africa (Unisa)
  • FAC1601 - Financial Accounting And Reporting (FAC1601)
Todos documentos para esta materia (268)

2  reseñas

review-writer-avatar

Por: tebogomalapela • 1 año hace

review-writer-avatar

Por: tiyanihlungwane67 • 1 año hace

Vendedor

avatar-seller
itsbesttutors

Comentarios recibidos

Vista previa del contenido

FAC1601
ASSIGNMENT 1
SEMESTER 1
2023
What’s app: 0737117960 for more

,Which of the following statements is correct:




1.
A liability is a future obligation of a reporting entity to transfer an economic resource as
a result of a past event.


2.
The accounting equation is: Liabilities + Assets = equity



3.
The value of a reporting entity lies in the net assets (assets minus liabilities) under its
control.


4.
Equity is the residual interest in the assets of the entity after deducting all the expenses.

Clear my choice
Question 2
Not yet answered
Marked out of 1.00




Flag question
Question text
The definition of an asset is:


1.
A present economic resource controlled by a reporting entity as a result of a future
event.


2.
A future economic resource controlled by a reporting entity as a result of a past event.


3.
A future economic resource controlled by a reporting entity as a result of a future event.

, 4.
A present economic resource controlled by a reporting entity as a result of a past event.

Clear my choice
Question 3
Not yet answered
Marked out of 1.00




Flag question
Question text
Which of the following measurement bases will often be encountered in a set of financial
statements:


1.
Present value


2.
Historical cost


3.
Fair value


4.
All of the above

Clear my choice
Question 4
Not yet answered
Marked out of 1.00




Flag question
Question text
The statement of financial position consists of three elements namely:


1.
assets, income and expenses

Los beneficios de comprar resúmenes en Stuvia estan en línea:

Garantiza la calidad de los comentarios

Garantiza la calidad de los comentarios

Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!

Compra fácil y rápido

Compra fácil y rápido

Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.

Enfócate en lo más importante

Enfócate en lo más importante

Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!

Preguntas frecuentes

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

100% de satisfacción garantizada: ¿Cómo funciona?

Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller itsbesttutors. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for 2,68 €. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

45,681 summaries were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Empieza a vender
2,68 €  10x  vendido
  • (2)
  Añadir