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FAC1502 assignment 1 Due 19 March 2024

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Financial Accounting (FAC1502)
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FAC1502 assignment 1 Semester 2024

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FAC1502
ASSIGNMENT 1
DUE DATE: 19 MARCH 2024

, MENU 


Dashboard / My courses / FAC1502-22-S1

Started on
/ WELCOME Friday, 11
TO FAC1502 March 2022,
FINANCIAL 7:50 PM 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
ACCOUNTING
State Finished
/ Assessment 1
Completed on Friday, 11 March 2022, 8:24 PM
Time taken 34 mins 45 secs
Marks 88.00/100.00
Grade 80.00 out of 100.00
Feedback Congratulations, you pass the assessment with a distinction.




Question 1
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You are given the following information for Sibas Nail Bar: R

Equipment……………………………………………........................................................... 59 771

Manicure tables and chairs………………………………….......................................... 7 969

Inventory……………………………………………………….................................................... 19 923

Clients owing Sibas Nail Bar…………………………………………................................. 9 961

Sibas Nail Bar owes Salon Suppliers…………………………………….......................... 29 886

Bank overdraft……………………………………………………............................................... 5 977


The total current assets of Sibas Nail Bar will be …


NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)




Answer: 29884

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