Asset account - Study guides, Class notes & Summaries
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FAC1602 Assignment 1 Semester 1 2024 (SOLUTIONS)
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FAC1602 Assignment 1 Semester 1 2024 (SOLUTIONS) 
 
Question 1 
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Mhlalkwana Dealers is in the business of selling leather jackets, at a price of R1 500 each, around the townships of 
KwaNdebele. The owner, Masango, was approached by a local clothing store called Thubana Clothing for a bulk sale. 
Mhlalkwana Dealers sold 18 jackets to Thubana Clothing on credit and this transaction was concluded on 31 
October 2023. 
This transacti...
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FAC3701 Assignment 1 (WRITTEN) Semester 2 2024
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FAC3701 Assignment 1 (WRITTEN) Semester 2 2024 ;100 % TRUSTED workings, Expert Solved, 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)........... 
ASSIGNMENT 01 (Second semester) (30 marks) 
 
WRITTEN ASSIGNMENT 
 
TopStyle Ltd is a manufacturer and retailer of smartphone accessories. TopStyle Ltd was incorporated on 1 July 2021. The profit before tax for the year ended 30 June 2023 amounted to R2 800 000, after taking into account the inf...
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FAC1503 ASSIGNMENT 3 FOR 2024 - Distinction
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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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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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TLI4801 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 23 - 28 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!)
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TLI4801 PORTFOLIO MEMO - MAY/JUNE 2024 - SEMESTER 1 - UNISA - DUE DATE :- 23 - 28 MAY 2024 (DETAILED ANSWERS WITH FOOTNOTES AND BIBLIOGRAPHY - DISTINCTION GUARANTEED!) 
 
THE QUESTION PAPER: 
QUESTION 1: CIVIL PRACTICE [50] 
1.1 Darren Smith is the director and shareholder of DSA Equipment (Pty) Ltd (“DSA”) and 
the company manufactures medica electronic equipment. Mr. Smith approached EBA 
(Pty) Ltd (“EBA”), the local supplier of the components needed for the manufacturing 
of the elec...
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FAC3701 ASSIGNMENT 1 SEMESTER 1 - 2024 (702057)
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FAC3701 ASSIGNMENT 1 SEMESTER 1 - 2024 (702057) 
 
DUE DATE: 05 APRIL 2024 
 
REQUIRED: 
 
a) Using the additional information, calculate the correct profit before tax in the statement of profit or loss and other comprehensive income of Ndlovu Jam Ltd for the year ended 31 December 2023. 
 
b) Calculate the deferred tax balance in the statement of financial position of Ndlovu Jam Ltd at ended 31 December 2023 using the statement of financial position approach. Indicate if the balance is a defer...
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FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 25 March 2024
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FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE 25 March 2024 ; 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 .........................................Question 1 
 
Thyme Bank Ltd has offered Pizza 
Parlour Ltd the following in response to a 
R250 000 one-year loan application 
which was made to the bank. The stated 
rate was 9% and a 13% compensating 
balance. What will the effective annual 
rate be... 
O 1. 790% 
O2 375%, 
© 3...
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FIN2601 Assignment 1 (QUIZ ANSWERS) Semester 1 2024 (695916) - DISTINCTION GUARANTEED
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Well-structured FIN2601 Assignment 1 (QUIZ ANSWERS) Semester 1 2024 (695916) - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 
Which one of the following statements articulates the distinction between the capital market and the money market? 
* 1. 0 2. 0 3. 0 4. 
The capital market deals with long-term securities, while the money market deals with short-term instruments. 
The capital market involves borrowing and lending for periods exceeding one year, whil...
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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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FAC3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024
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FAC3702 Assignment 1 (COMPLETE ANSWERS) Semester 1 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 . 
 
FAC3702/2024/S1 
2 
KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. 
The company has a 31 December year end. 
The following details relate to the assets of KipKor Ltd: 
Machine 
On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included 
in ...
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS
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2024|2025 INTUIT BOOKKEEPING LATEST EXAM | QUESTIONS WITH CORRECT ANSWERS 
 
When choosing between two solutions, the one that will be least likely to overstate assets and income should be selected. Correct Answer: Conservatism Assumption 
 
States that an amount can be ignored if its effect on the financial statements is small and not misleading Correct Answer: Materiality Principle 
 
Once you adopt an accounting principle or method, continue to follow it consistently in future accounting peri...
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