• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
  • 4,6 TrustPilot
0
Sell
Where do you study
Your language
Start selling Create your account
  • University Of South Africa (Unisa)
  • AIN2601 - Practical Accounting Data Processing
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 1 out of 4 pages
Exam (elaborations)

Fac2602 Assignment 2 Semester 2 Of 2022

0.0
(0 reviews)
3 sold
4 pages
2022/2023 Written for academic year
Institution
University Of South Africa (Unisa)
Course
AIN2601 - Practical Accounting Data Processing
Document preview thumbnail
Preview 1 out of 4 pages

Detailed memo, guaranteed distinction

Content preview

FAC2602 ASSIGNMENT 2 – SEMESTER 2 OF
2022



PART A

DR CR
R R
(a) 20
Retained Earnings – BigCat Ltd (400 000 * ) 66 667
120
66 667
Cost of sales – BigCat Ltd
20
Cost of Sales – BigCat Ltd (350 000 * ) 58 333
120
58 333
Inventory – IWP Ltd

(b) Retained Earnings – IWP Ltd 60 000
Machinery – BigCat Ltd 60 000
18
Accumulated Depreciation – BigCat Ltd (60 000 * 25% * ) 22 500
12
15 000
Depreciation – IWP Ltd (60 000 * 25%)
6
Retained Earnings – IWP Ltd (60 000 * 25% * 12) 7 500

(c) Revaluation Surplus [(350 000 − 200 000) * 30%] 45 000
Non – controlling interest 45 000

(d) Loan from IWP Ltd – BigCat Ltd 300 000
Loan to BigCat Ltd – IWP Ltd 300 000

Other Income – IWP Ltd (10 % * 300 000) 30 000
Interest paid – BigCat Ltd 30 000




FOR ACCADEMIC NEEDS CONTACT /065 160 9781

Document information

Uploaded on
August 11, 2022
Number of pages
4
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers
Report Copyright Violation
$6.20
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Ian09
3.8
(300)
Sold
2316
Followers
1528
Items
258
Last sold
6 months ago

Browse related subjects

Subjects

  • fac2602 assignment 2 semester 2 of 2022

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions