FAC1602 LATEST EXAM
PACK 2024
QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:
,Elementary Financial Accounting and
Reporting
FAC1602
Semesters 1 and 2
Department of Financial Accounting
This tutorial letter contains important information
about your module.
BARCODE
, CONTENTS
Page
ANNEXURE A : MAY AND OCTOBER 2020 EXAMINATIONS .......................................... 4
Format and marking methodology ......................................................................... 4
Suggested examination technique ......................................................................... 4
ANNEXURE B : ASSIGNMENT 03 - (Not to be submitted) ................................................. 6
ANNEXURE C : SOLUTION TO ASSIGNMENT 03 .......................................................... 12
ANNEXURE D : ASSIGNMENT 04 - (Not to be submitted) ............................................... 29
ANNEXURE E : SOLUTION TO ASSIGNMENT 04 .......................................................... 33
ANNEXURE F : ADDITIONAL QUESTIONS .................................................................... 36
ANNEXURE G : ADDITIONAL QUESTIONS SUGGESTED SOLUTIONS ...................... 44
2
, INTRODUCTION
Dear Student
Find herewith information pertaining to the May and October 2020 examinations and assignments
03 and 04 of which are non-compulsory assignments as well as additional questions.
Please note that the prescribed textbook is About Financial Accounting, Volume 2, 8 th edition.
This latest version of the textbook contains a revised edition of the Conceptual Framework. As far
as administrative enquiries are concerned, we would again like to emphasise tutorial letter
TL101/3/2020.
Assignments 03 and 04
Assignments 03 and 04 must NOT be submitted. The solutions thereto are included in this tutorial
letter to ensure that you have sufficient opportunity to work through all your study material before the
examination date.
Additional questions
For the purpose of preparation for the examination in May and October 2020 additional questions
and the suggested solutions to these questions are also included in this tutorial letter. The questions
asked do NOT indicate the scope of work to be studied for the examination. All topics covered in the
study material are important and must be studied for examination purporses. Please note that the
FAC1601 lecturers will not supply students with previous years’ examination papers or solutions
thereto.
With kind regards,
Mr S Mnguni (Module leader)
Ms MT Ramuedzisi
Mr B Khanyeza
LECTURERS: FAC1602 – ELEMENTARY FINANCIAL ACCOUNTING AND REPORTING
Module telephone number: (012) 429-4176
Module e-mail address:
3
PACK 2024
QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:
,Elementary Financial Accounting and
Reporting
FAC1602
Semesters 1 and 2
Department of Financial Accounting
This tutorial letter contains important information
about your module.
BARCODE
, CONTENTS
Page
ANNEXURE A : MAY AND OCTOBER 2020 EXAMINATIONS .......................................... 4
Format and marking methodology ......................................................................... 4
Suggested examination technique ......................................................................... 4
ANNEXURE B : ASSIGNMENT 03 - (Not to be submitted) ................................................. 6
ANNEXURE C : SOLUTION TO ASSIGNMENT 03 .......................................................... 12
ANNEXURE D : ASSIGNMENT 04 - (Not to be submitted) ............................................... 29
ANNEXURE E : SOLUTION TO ASSIGNMENT 04 .......................................................... 33
ANNEXURE F : ADDITIONAL QUESTIONS .................................................................... 36
ANNEXURE G : ADDITIONAL QUESTIONS SUGGESTED SOLUTIONS ...................... 44
2
, INTRODUCTION
Dear Student
Find herewith information pertaining to the May and October 2020 examinations and assignments
03 and 04 of which are non-compulsory assignments as well as additional questions.
Please note that the prescribed textbook is About Financial Accounting, Volume 2, 8 th edition.
This latest version of the textbook contains a revised edition of the Conceptual Framework. As far
as administrative enquiries are concerned, we would again like to emphasise tutorial letter
TL101/3/2020.
Assignments 03 and 04
Assignments 03 and 04 must NOT be submitted. The solutions thereto are included in this tutorial
letter to ensure that you have sufficient opportunity to work through all your study material before the
examination date.
Additional questions
For the purpose of preparation for the examination in May and October 2020 additional questions
and the suggested solutions to these questions are also included in this tutorial letter. The questions
asked do NOT indicate the scope of work to be studied for the examination. All topics covered in the
study material are important and must be studied for examination purporses. Please note that the
FAC1601 lecturers will not supply students with previous years’ examination papers or solutions
thereto.
With kind regards,
Mr S Mnguni (Module leader)
Ms MT Ramuedzisi
Mr B Khanyeza
LECTURERS: FAC1602 – ELEMENTARY FINANCIAL ACCOUNTING AND REPORTING
Module telephone number: (012) 429-4176
Module e-mail address:
3
