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Exam (elaborations)

FAC1601 Assignment 5 (WORKINGS & ANSWERS)

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FAC1601 ASSIGNMENT 5 SOLUTIONS PLEASE RUN THE ASSIGNMENT FOR AT LEAST 2 HOURS SO THAT YOU ARE NOT FLAGGED FOR POSSIBLE INFORMATION SHARING QUESTION 1 Cash receipt from customers Cash received from customers Items in statement of profit or loss and other comprehensive income + Accrued income - Accrued income - Income received in advance + Income received in advance Revenue 805 800 + 83 300 - 92 700 796 400 QUESTION 2 Cash generated from operations Cash receipts from customers (given) 920 000 Less: Cash paid to suppliers and employees see calculation below (666 100)

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Uploaded on
June 12, 2023
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Written in
2022/2023
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  • fac1601 assignment 5 workings amp answers

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FAC1601 Assignment 5 (WORKINGS &
ANSWERS) Semester 1 2023

, lOMoARcPSD|8699715




FAC1601 Assignment 5 Solution 1 2022


Financial Accounting Principles (University of South Africa)

, lOMoARcPSD|8699715




FAC1601 ASSIGNMENT 5 SOLUTIONS


PLEASE RUN THE ASSIGNMENT FOR AT LEAST 2 HOURS SO THAT YOU ARE NOT FLAGGED FOR POSSIBLE
INFORMATION SHARING

QUESTION 1

Cash receipt from customers
2021 2022 Cash
received
from
customers
Items in statement of profit or loss and other + Accrued - Accrued
comprehensive income income income
- Income + Income
received in received
advance in advance
Revenue 805 800 + 83 300 - 92 700 796 400




QUESTION 2

Cash generated from operations
Cash receipts from customers (given) 920 000
Less: Cash paid to suppliers and employees see (666 100)
calculation below
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