Account ledger Study guides, Class notes & Summaries

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 ...

FAC1602 Assignment 1 Semester 1 2024 (SOLUTIONS) Question 1 Answer saved Marked out of 6.50 Flag question Question text 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...

Question 2 Not yet answered Marked out of 1.00 Flag question 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:...

Question 2 Not yet answered Marked out of 1.00 Flag question 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 Question 3 Not yet answered Marked out of 2.00 Flag question Question text Use the following information to answer the question below: SA Traders is a business that sells electronic equipment. The entity i...

Sage Intacct Implementation Exam Questions and Correct Answers General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - ANSWER Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - ANSWER Enforce JE balancing General L...

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...

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...

FAC1502 ASSESSMENT 4 SEMESTER 1 2024 SEARCHABLE COMPRESSED The following sales journal totals were provided to you: FRUIT AND VEGGIE SPAZA SHOP: SALES JOURNAL – AUGUST 20.20 Post the above transactions to the general ledger account provided below Naledi Traders received R3 000 cash for services rendered for a client. Naledi Traders maintained a favourable bank balance. Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net eff...

Sage Intacct Implementation Exam Questions and 100% Correct Answers 2024 General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - Correct Answer Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - Correct Answer Enforce JE balancing Gen...

General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? - Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? - Enforce JE balancing General Ledger: What does an entity translate to for transacting in a multi-entity shared environment? - Lo...