Debit credit - Samenvattingen, Notities en Examens
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FAC3701 Assignment 1 (WRITTEN) Semester DUE 1 April 2024
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FAC3701 Assignment 1 (WRITTEN) Semester DUE 1 April 2024 ............ 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . 
ASSESSMENT 01 (First semester) (30 marks) 
WRITTEN ASSESSMENT 
Ndlovu Jam Ltd is a company specializing in the manufacturing of various types of 
jams and sauces. 
The following is an extract of Ndlovu Jam Ltd’s trial balance for the year 
ended 31 December 2023: 
 Notes Debit 
R ...
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MAC2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (767154) - DUE 8 April 2024 ;
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MAC2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (767154) - DUE 8 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.......... Question 
1 
Correct 
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Question 
2 
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QUIZ 
When overhead costs are assigned to production during the month, the correct journal entry would be … 
a. 
Dr Work-in-Progress; Cr Production Overheads Clearance. 
b. 
Dr Production Overheads Cleara...
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FAC1503 ASSIGNMENT 8 FOR 2024 EXPECTED QUESTIONS AND ANSWERS
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Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...
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BBK99E1 Basic Bookkeeping Level 1 F inal Exam - Practical Exam Answers.
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BBK99E1 Basic Bookkeeping Level 1 F inal Exam - Practical Exam Answers. Balance forward Cr. 19,961.00 
Jan. 23 GJ01 323.55 Cr. 19,637.45 
Jan. 31 PJ01 19,829.03 Cr. 39,466.48 
Jan. 31 CD03 19,829.03 Cr. 19,637.45 
Feb. 28 PJ01 8,560.00 Cr. 28,197.45 
Feb. 28 CD01 25,311.00 Cr. 2,886.45 
XY Consumer Products 
GENERAL LEDGER 
2050 
Employment Insurance Payable 
Date 
2003 
Item Folio Debit Credit Dr. Cr. Balance 
Jan. 01 Balance forward Cr. 500.00 
Jan. 31 GJ02 88.09 Cr. 588.09 
Jan. 31 CD03 500.0...
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FAC1503 ASSIGNMENT 3 FOR 2024 - Distinction
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Question text 
The transactions are summarised in the ledgers and contain the information such as names of parties to the transaction, description of transactions, source document numbers etc. 
Select one: 
 True 
 False 
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Question text 
Use the following information to answer the question below: 
SA Traders is a business that sells electronic equipment. The entity i...
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AAMI ACCOUNTING ONE FINAL REVIEW 2024 QUESTIONS AND ANSWERS
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AAMI ACCOUNTING ONE FINAL REVIEW 
2024 QUESTIONS AND ANSWERS 
How do you increase an asset account? - Correct Answer ️️ -Debit 
How do you decrease an asset account? - Correct Answer ️️ -Credit 
How do you increase a liability account? - Correct Answer ️️ -Credit 
How do you decrease a liability account? - Correct Answer ️️ -debit 
How do you increase revenue? - Correct Answer ️️ -Credit 
How do you increase expenses? - Correct Answer ️️ -debit 
What is the accounting equ...
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved Report a $3500 sale on account Debit: Accounts Receivable $3500; Credit: Service Revenue $3500 
Journalize depreciation for the equipment that is $5,000 Debit: Depreciation Expense $5000; Credit: Accumulated-Depreciation Equipment $5000 
Journalize the adjusting entry for an employer that owes $1300 for payroll on Jan 10, 2021, for the payroll period ending December 31, 2020. Debit: Salaries and Wages Expense $1300; Credit:...
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AAP Exam 2023 with 100% correct answers
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Which of the following specify the requirements for reserves that a depository institution must maintain at a Federal Reserve Bank? 
a. Uniform Commercial Code Article 4A 
b. Federal Reserve Bank Operating Circular 4 
c. Regulation D 
d. Regulation CC - correct answer Regulation D 
 
Which of the following specifically addresses national banks and their need to evaluate large dollar payment system network risks and requires reporting this to top management and maintaining agreements with all ...
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Intermediate Accounting J David Spiceland 10th Edition- Test Bank
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Intermediate Accounting, 10e (Spiceland) Chapter 2 Review of the Accounting Process 
1) Owners' equity can be expressed as assets minus liabilities. 
Answer: TRUE 
Difficulty: 1 Easy 
Topic: Accounting equation 
Learning Objective: 02-01 Understand routine economic events-transactions-and determine their effects on a company's financial position and on specific accounts. 
Bloom's: Remember 
AACSB: Reflective Thinking 
AICPA/Accessibility: BB Critical Thinking / Keyboard Navigation 
2) Debits ...
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Financial Accounting Final Exam (Ivy Tech) Questions and Answers 100% Solved correctly
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Revenues - Answer-Gross increase in equity from a company's business activities that earn income; also 
called sales. 
Expenses - Answer-Outflows or using up of assets as part of operations of a business to generate sales. 
Accounts Receivable - Answer-Amounts to be received in the future due to the sale of goods or services 
Accounting Equation - Answer-Assets = Liabilities + Equity 
Income Statement - Answer-describes a company's revenues and expenses along with the resulting net 
income or ...
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