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FAc3701 Assignment 1 solutions Sem 1 (2024)

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University Of South Africa (Unisa)
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General Financial Reporting (FAC3701)
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FAC3701 ASSIGNMENT
1 SEMESTER 1 (2024)



FAC3701 ASSIGNMENT 1 - 2024

(a) Profit before tax calculation
Given 962 000
Profit on sale of delivery vehicle (550 000 - (500 000 -
200 000)) 250 000
Reversal of proceeds on sale of vehicle credited to profit
or loss (550 000)
Profit before tax 662 000

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