FAC1501
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 665862
Due Date: 17 March 2025, 11:00 PM
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, FAC1501-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:01:41
Question 1
Not yet answered
Marked out of 3.00
Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from the accounting
records of SA Traders:
Debentures - R152 700
Trade payables - R24 720
Inventory - R322 900
Income received in advance - R10 889
Favourable bank balance - R31 956
Determine the equity of SA Traders as at 31 March 2024 by making use of the basic accounting equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg: -12141.72)
Answer: 166547.00
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations
Unique number: 665862
Due Date: 17 March 2025, 11:00 PM
Terms of use
By making use of this document you agree to:
Use this document as a guide for learning, comparison and reference purpose,
Terms of use
Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.
Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
, FAC1501-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:01:41
Question 1
Not yet answered
Marked out of 3.00
Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from the accounting
records of SA Traders:
Debentures - R152 700
Trade payables - R24 720
Inventory - R322 900
Income received in advance - R10 889
Favourable bank balance - R31 956
Determine the equity of SA Traders as at 31 March 2024 by making use of the basic accounting equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg: -12141.72)
Answer: 166547.00
