UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 2
QUIZ
Assessment 2
OSCAR THE TUTOR
+27737560989
Opened: Thursday, 27 March 2025, 8:00 AM
Closes: Monday, 31 March 2025, 5:00 PM
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
665898
You must have completed the required activities for Learning Units 1 to 7, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 2 and the overall feedback for Mandatory Assessment 2 after you have submitted your attempt.
You will be able to view the questions you have received for the attempts, with its answers and general feedback, after the due date of Mandatory Assessment 2.
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables will not be visible through the myModules app on a phone.
Attempts allowed: 2
Time limit: 50 mins
Grading method: Highest grade
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Marks / Grade /
Attempt State 40.00 100.00 Review Feedback
1 Finished 17.04 42.59 Available You have unfortunately failed the assessment. Please work through your study material again before attempting your next attempt
Submitted Thursday, 27 31/03/25, 17:00 or assessment. You are also welcome to contact your lecturers () if you need further assistance with
March 2025, 10:03 AM grasping certain concepts.
2 Finished 34.25 85.63 Congratulations, you passed the assessment with a distinction. Keep up the good work.
Submitted Thursday, 27
March 2025, 1:34 PM
Your final grade for this quiz is 85.63/100.00.
Overall feedback
, Congratulations, you passed the assessment with a distinction. Keep up the good work.
No more attempts are allowed
Back to the course
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This page is: General type: incourse. Context Quiz: Assessment 2 (context id 29684862). Page type mod-quiz-view.
, Mtsweni Traders is a registered VAT vendor and applies the principles of the perpetual inventory system. All inventory is sold at a constant mark-up of 10% on cost.
During December 2024 the following transactions, inclusive of 15% VAT, took place at Mtsweni Traders:
December
7 Sold goods on credit to Ntalime Stores. Issued invoice no 182 for R10 800.
12 Purchased merchandise for R3 555 from Zamepho Suppliers and paid with
the business debit card. Received cash invoice no 506.
18 Purchased merchandise for R4 700 on credit from Kgasi Ltd. Received
invoice no 187.
20 Received damaged goods returned by Ntalime Stores and issued credit note
no 407 for R1 627.
23 Sold goods for cash to Mr Njoloza. Issued cash sales invoice no 1697 for
R2 310.
27 Returned damaged goods to Kgasi Ltd. Received credit note no 173 for
R999.
Required:
Record the above transactions in the applicable subsidiary journals of Mtsweni Traders for December 2024.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
4. Only show the amount, do not show the "R" (eg: 1000)
Mtsweni Traders
Sales journal – December 2024
Doc no Day Details Fol VAT Sales Cost of sales
Trade receivables
output
R R R R
182 7 Ntalime Stores 1408.70 9391.30 7826.09 10800.00
Mtsweni Traders
Purchases journal – December 2024
Doc no Day Details Fol VAT Inventory Trade payables
input
R R R
187 18 Kgasi Ltd 613.04 4086.96 4700.00
Mtsweni Traders
Sales returns journal – December 2024
Doc no Day Details Fol VAT Sales returns Cost of sales
Trade receivables
output
R R R R
407 20 Ntalime Stores 212.22 1414.78 1178.99 1627.00
Mtsweni Traders
Purchases returns journal – December 2024
Doc no Day Details Fol VAT
Inventory Trade payables
input
R R R
173 27 Kgasi Ltd 130.30 868.70 999.00
Question 2
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. During the month of March 2024, Mekgoe Florist
Answer saved
maintained a favourable bank balance. The VAT rate is 15%.
Marked out of
5.00 On 28 March 2024, the cash sales of Mekgoe Florist amounted to R6 300 (VAT exclusive). The source document was cash register roll number 2.
Flag
question
Required:
Record the transaction on 28 March 2024 in the correct subsidiary journal of Mekgoe Florist.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. Only show the amount, do not show the "R" (eg: 1000)
Mekgoe Florist
Cash receipts journal – March 2024 CRJ1
Sundry accounts
Doc No Day Details Fol Bank Sales VAT Amount Fol Details
Analysis of Receipts
Output
, CRR002 28 Cash 7245.00 7245.00 6300.00 945.00 0 N/A
Question 3
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. The VAT rate is 15%.
Answer saved
The following transactions must be recorded in the subsidiary journals of Mekgoe Florist:
Marked out of
10.00
Flag Transaction 1:
question
On 5 March 2024, Mr Mekgoe withdrew R1 800 from Mekgoe Florist’s bank account as the impress amount to start the petty cash float of Mekgoe Florist. The money was kept by Mr Mekgoe who
acted as petty cashier.
Transaction 2:
PETTY CASH VOUCHER No. 1
Date: 16 March 2024 Amount
Required for: R c
Wages of cleaner 720 00
Signature: Mr Mekgoe
Authorised by: Mrs Mekgoe
Transaction 3:
PETTY CASH VOUCHER No. 2
Date: 20 March 2024 Amount
Required for: R c
ABC Wholesalers - Packaging material 720 00
Signature: Mr Mekgoe
Authorised by: Mrs Mekgoe
ABC Wholesalers
20/03/2024
Till
02
Brown paper
bags
20 packs @ R600,00
R30,00 each
BPI1001
Wrapping
paper
OSCAR THE TUTOR
6 rolls @ R120,00
R20,00 each
WPI1005
+27737560989
TOTAL R720,00
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
Cash R750,00 tutorials
Change R30,00
15% VAT R93,91
Slip no 0012
VAT no 5690233875
Thank you
Transaction 4:
On 31 March 2024, Mr Mekgoe completed a withdrawal slip and withdrew the cash needed from Mekgoe Florist's bank account to restore the petty cash impress amount to R1 800.
Required:
Record the above transactions in the correct subsidiary journal of Mekgoe Florist.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. For numeric responses only show the amount, do not show the "R" (eg: 1000)
Mekgoe Florist
Petty cash journal – March 2024 PCJ1
Receipts Payments
Sundry accounts
Day Fol Amount Day Details No Fol Total Wages VAT Postage Amount Details
Input
R R R R R R
QUIZ
Assessment 2
OSCAR THE TUTOR
+27737560989
Opened: Thursday, 27 March 2025, 8:00 AM
Closes: Monday, 31 March 2025, 5:00 PM
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA tutorials
665898
You must have completed the required activities for Learning Units 1 to 7, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 2 and the overall feedback for Mandatory Assessment 2 after you have submitted your attempt.
You will be able to view the questions you have received for the attempts, with its answers and general feedback, after the due date of Mandatory Assessment 2.
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables will not be visible through the myModules app on a phone.
Attempts allowed: 2
Time limit: 50 mins
Grading method: Highest grade
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Marks / Grade /
Attempt State 40.00 100.00 Review Feedback
1 Finished 17.04 42.59 Available You have unfortunately failed the assessment. Please work through your study material again before attempting your next attempt
Submitted Thursday, 27 31/03/25, 17:00 or assessment. You are also welcome to contact your lecturers () if you need further assistance with
March 2025, 10:03 AM grasping certain concepts.
2 Finished 34.25 85.63 Congratulations, you passed the assessment with a distinction. Keep up the good work.
Submitted Thursday, 27
March 2025, 1:34 PM
Your final grade for this quiz is 85.63/100.00.
Overall feedback
, Congratulations, you passed the assessment with a distinction. Keep up the good work.
No more attempts are allowed
Back to the course
Pr e vi o us ac t i vi t y N e xt ac t i vi t y
Jump to...
Assessment 1 Word of welcome
Contact us Get the mobile app
You are logged in as NOMCEBO MYEZA (Log out)
Follow us
Data retention summary
Get the mobile app
This page is: General type: incourse. Context Quiz: Assessment 2 (context id 29684862). Page type mod-quiz-view.
, Mtsweni Traders is a registered VAT vendor and applies the principles of the perpetual inventory system. All inventory is sold at a constant mark-up of 10% on cost.
During December 2024 the following transactions, inclusive of 15% VAT, took place at Mtsweni Traders:
December
7 Sold goods on credit to Ntalime Stores. Issued invoice no 182 for R10 800.
12 Purchased merchandise for R3 555 from Zamepho Suppliers and paid with
the business debit card. Received cash invoice no 506.
18 Purchased merchandise for R4 700 on credit from Kgasi Ltd. Received
invoice no 187.
20 Received damaged goods returned by Ntalime Stores and issued credit note
no 407 for R1 627.
23 Sold goods for cash to Mr Njoloza. Issued cash sales invoice no 1697 for
R2 310.
27 Returned damaged goods to Kgasi Ltd. Received credit note no 173 for
R999.
Required:
Record the above transactions in the applicable subsidiary journals of Mtsweni Traders for December 2024.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
4. Only show the amount, do not show the "R" (eg: 1000)
Mtsweni Traders
Sales journal – December 2024
Doc no Day Details Fol VAT Sales Cost of sales
Trade receivables
output
R R R R
182 7 Ntalime Stores 1408.70 9391.30 7826.09 10800.00
Mtsweni Traders
Purchases journal – December 2024
Doc no Day Details Fol VAT Inventory Trade payables
input
R R R
187 18 Kgasi Ltd 613.04 4086.96 4700.00
Mtsweni Traders
Sales returns journal – December 2024
Doc no Day Details Fol VAT Sales returns Cost of sales
Trade receivables
output
R R R R
407 20 Ntalime Stores 212.22 1414.78 1178.99 1627.00
Mtsweni Traders
Purchases returns journal – December 2024
Doc no Day Details Fol VAT
Inventory Trade payables
input
R R R
173 27 Kgasi Ltd 130.30 868.70 999.00
Question 2
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. During the month of March 2024, Mekgoe Florist
Answer saved
maintained a favourable bank balance. The VAT rate is 15%.
Marked out of
5.00 On 28 March 2024, the cash sales of Mekgoe Florist amounted to R6 300 (VAT exclusive). The source document was cash register roll number 2.
Flag
question
Required:
Record the transaction on 28 March 2024 in the correct subsidiary journal of Mekgoe Florist.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. Only show the amount, do not show the "R" (eg: 1000)
Mekgoe Florist
Cash receipts journal – March 2024 CRJ1
Sundry accounts
Doc No Day Details Fol Bank Sales VAT Amount Fol Details
Analysis of Receipts
Output
, CRR002 28 Cash 7245.00 7245.00 6300.00 945.00 0 N/A
Question 3
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. The VAT rate is 15%.
Answer saved
The following transactions must be recorded in the subsidiary journals of Mekgoe Florist:
Marked out of
10.00
Flag Transaction 1:
question
On 5 March 2024, Mr Mekgoe withdrew R1 800 from Mekgoe Florist’s bank account as the impress amount to start the petty cash float of Mekgoe Florist. The money was kept by Mr Mekgoe who
acted as petty cashier.
Transaction 2:
PETTY CASH VOUCHER No. 1
Date: 16 March 2024 Amount
Required for: R c
Wages of cleaner 720 00
Signature: Mr Mekgoe
Authorised by: Mrs Mekgoe
Transaction 3:
PETTY CASH VOUCHER No. 2
Date: 20 March 2024 Amount
Required for: R c
ABC Wholesalers - Packaging material 720 00
Signature: Mr Mekgoe
Authorised by: Mrs Mekgoe
ABC Wholesalers
20/03/2024
Till
02
Brown paper
bags
20 packs @ R600,00
R30,00 each
BPI1001
Wrapping
paper
OSCAR THE TUTOR
6 rolls @ R120,00
R20,00 each
WPI1005
+27737560989
TOTAL R720,00
for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
Cash R750,00 tutorials
Change R30,00
15% VAT R93,91
Slip no 0012
VAT no 5690233875
Thank you
Transaction 4:
On 31 March 2024, Mr Mekgoe completed a withdrawal slip and withdrew the cash needed from Mekgoe Florist's bank account to restore the petty cash impress amount to R1 800.
Required:
Record the above transactions in the correct subsidiary journal of Mekgoe Florist.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. For numeric responses only show the amount, do not show the "R" (eg: 1000)
Mekgoe Florist
Petty cash journal – March 2024 PCJ1
Receipts Payments
Sundry accounts
Day Fol Amount Day Details No Fol Total Wages VAT Postage Amount Details
Input
R R R R R R
