QUESTION 1
, 1.1 (2) An event that provides evidence of conditions that existed at the reporting
date
1.2 (3) Adjust the financial statements to write off the receivable
1.3 (2) Declaration of dividends by the board after the reporting date
1.4 (1) They occur between the end of the reporting period and the date the
financial statements are authorised for issue
1.5 (3) Disclose the event as a non-adjusting event with a description and estimate
of financial effect
QUESTION 2
2.1 General Journal Entries
i. Investment in ChrisExcel Ltd
Date Account Dr (R) Cr (R)
30-Jun-25 Investment at FVOCI 2,750
Bank 2,750
To record transaction costs
30-Jun-25 Investment at FVOCI 297,250
, 1.1 (2) An event that provides evidence of conditions that existed at the reporting
date
1.2 (3) Adjust the financial statements to write off the receivable
1.3 (2) Declaration of dividends by the board after the reporting date
1.4 (1) They occur between the end of the reporting period and the date the
financial statements are authorised for issue
1.5 (3) Disclose the event as a non-adjusting event with a description and estimate
of financial effect
QUESTION 2
2.1 General Journal Entries
i. Investment in ChrisExcel Ltd
Date Account Dr (R) Cr (R)
30-Jun-25 Investment at FVOCI 2,750
Bank 2,750
To record transaction costs
30-Jun-25 Investment at FVOCI 297,250
