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Exam (elaborations)

FAC1601 Assignment 1 Semester 1 2026 - Due 23 March 2026

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FAC1601 Assignment 1 Semester 1 2026 - Due 23 March 2026

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UNISA  2025  FAC1502-25-S1  Welcome Message  Assessment 1




QUIZ

Assessment 1


Opened: Friday, 21 March 2025, 8:00 AM
Closes: Tuesday, 25 March 2025, 9:00 PM




Summary of your previous attempts

Marks /
State


Finished 95 67 2 00 Congratulations, you pass the
Submitted Friday, assessment with a distiction.
21 March 2025,
A




Your nal grade for this quiz is

Overall feedback
Congratulations, you pass the assessment with a distiction.



No more attempts are allowed



Back to the course

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,smet 1 (page 1 of 2) K Library ¥ +

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Question T fav� I
Naledi Traders purchased office furniture of R12 000 from Joe's Furniture and paid with an electronic funds transfer Naledi Traders maintained a Time left O:l3:33
Answer saved
balance.
Marked out of
6.00 Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the account debited and
credited:



Instructions for numeric responses:

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

2. Round off to the second decimal after the full stop (eg: 50.56)
3. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)

4. When an element increases, the amount will be without any sign (eg: 1000.01)

5. Only show the amount, do not show the "R" (eg: 1000)

6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero (0")



�
Assets Equity




-
Not applicable • J
' Not applicable
° J
' Not app




"
Chae
can make mistakes. Check important info
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Assessment 1 (page 1 of 2) ¢ Library #


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Question 2Z EFj j
0n 18 September 20 1, Lions' Head Trading had a bank balance of R4 500. On 19 September 20 1, the bookkeeper of Lions' Head Trading made an Time left 0·13:29
Answer saved
pay R8 400 for the telephone expenses for August 20.1.
Marked out of
3.00 The correct NET effect of the transaction on each element of the basic accounting equation In the books of lions' Head Trading Is ...



Instructions:

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

2. Round off to the second decimal after the full stop (eg: 50.56)
3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)

4. An increase must be indicated by the amount without any sign (eg: 1000.01)
5. If an option is not applicable, please indicate with a zero 0



Equity = Assets - Liabilities

R R R

-8400 0




Question 3 Indicate by choosing the correct option whether the following statement is true or false:
Answer saved
The accounting policies that an entity will apply in the current financial year will not be disclosed as notes to the financial statements.
Marked out of
1.00


Cha©
" can make mistakes. Check ,mporlant info.

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