Opened: Wednesday, 5 August 2026, 8:00 AM
Closes: Wednesday, 12 August 2026, 9:00 PM
165675
Dear students,
Please take note of the following important information regarding Assessment 1 for FAC1502:
Assessment 1 unique number: 165675
NB: Kindly note there are two attempts permitted for the submission of this assessment, and no extensions will be
granted for whatever reason (sick note, load shedding, network problems, etc.).
It is the student’s responsibility to submit Assessment 1 before the due date.
Always read the instructions page carefully at the start of the assessment.
Please note the following:
1. The assessment is timed. Once you click on "start assessment," a timer will start counting down on the system. Once
a timer runs out, your assessment 1 will be automatically submitted. You must stay online for the duration of your
Assessment 1. You only have two attempts to complete and submit Assessment 1.
Assessment 1 will only be open for submission for a period of 8 days.
1. You need to know the content of study units 1 to 4 to complete Assessment 1.
2. You will have two attempts to complete Assessment 1, contributing 10% towards your year mark for FAC1502. The
answers or reviews to the assessment will not be released immediately after the assessment is closed. Students will
receive their marks after each assessment attempt.
3. Internet connectivity
Please ensure you have stable internet connectivity whilst submitting your assessment and consider your load
shedding/reduction schedule if applicable.
4. DO NOT open your assessment simultaneously in multiple browser windows or tabs. If you do so, the system will
automatically submit responses on your behalf without your knowledge. Marks awarded for automatic submissions will
be final marks. No additional opportunity for resubmissions will be given unless students utilize their second quiz
assessment opportunity within the period the assessment is open for submission.
5. DO NOT click your browser's back button while taking your assessment. Students risk losing previous responses
should they utilize browser navigation buttons. Students are advised always to use Moodle navigation buttons to move
to the next and previous (if allowed) questions and to “Save” and "Submit. ”.
6. Kindly note that you can view your mark obtained for Assessment 1 and the overall feedback for Assessment 1 after
you submit an attempt.
Kind regards,
FAC1502 lecturers
Attempts allowed: 2
Time limit: 40 mins
Grading method: Highest grade
,Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Attempt State Marks / 30.00 Grade / 100.00 Review
1 Finished 30.00 100.00
Submitted Wednesday, 5 August 2026, 11:02 AM
Highest grade: 100..00.
, An entity has the following balances: Bank: R102 350; Machinery: R22 450; Capital: R52 750; Drawings:
R2 500.
The total liabilities of the entity according to the basic accounting equation is …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 74550.00
Question 8
Answer saved
Marked out of 1.00
Indicate by choosing the correct option whether the following statement is true or false:
An entity will use the statement of profit or loss and other comprehensive income and the statement of
financial position to communicate reported accounting information to the external users.
True
False
, Naledi Traders received a loan of R100 000 from Nyiko Bank and the full amount was deposited into the bank account. Naledi Traders had a favourable bank
balance.
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 + Liabilities
100000 0 100000.00
Bank account debit Not applicable Loan: Nyiko Bank credit
Question 6
Answer saved
Marked out of 3.00
On 18 September 20.1, Orlando Trading had a bank balance of R4 700. On 19 September 20.1, the bookkeeper of Orlando Trading made an EFT to Telkom to
pay R7 200 for the telephone expenses for August 20.1.
The correct NET effect of the transaction on each element of the basic accounting equation in the books of Orlando 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
-7200.00 -4700.00 2500.00
Closes: Wednesday, 12 August 2026, 9:00 PM
165675
Dear students,
Please take note of the following important information regarding Assessment 1 for FAC1502:
Assessment 1 unique number: 165675
NB: Kindly note there are two attempts permitted for the submission of this assessment, and no extensions will be
granted for whatever reason (sick note, load shedding, network problems, etc.).
It is the student’s responsibility to submit Assessment 1 before the due date.
Always read the instructions page carefully at the start of the assessment.
Please note the following:
1. The assessment is timed. Once you click on "start assessment," a timer will start counting down on the system. Once
a timer runs out, your assessment 1 will be automatically submitted. You must stay online for the duration of your
Assessment 1. You only have two attempts to complete and submit Assessment 1.
Assessment 1 will only be open for submission for a period of 8 days.
1. You need to know the content of study units 1 to 4 to complete Assessment 1.
2. You will have two attempts to complete Assessment 1, contributing 10% towards your year mark for FAC1502. The
answers or reviews to the assessment will not be released immediately after the assessment is closed. Students will
receive their marks after each assessment attempt.
3. Internet connectivity
Please ensure you have stable internet connectivity whilst submitting your assessment and consider your load
shedding/reduction schedule if applicable.
4. DO NOT open your assessment simultaneously in multiple browser windows or tabs. If you do so, the system will
automatically submit responses on your behalf without your knowledge. Marks awarded for automatic submissions will
be final marks. No additional opportunity for resubmissions will be given unless students utilize their second quiz
assessment opportunity within the period the assessment is open for submission.
5. DO NOT click your browser's back button while taking your assessment. Students risk losing previous responses
should they utilize browser navigation buttons. Students are advised always to use Moodle navigation buttons to move
to the next and previous (if allowed) questions and to “Save” and "Submit. ”.
6. Kindly note that you can view your mark obtained for Assessment 1 and the overall feedback for Assessment 1 after
you submit an attempt.
Kind regards,
FAC1502 lecturers
Attempts allowed: 2
Time limit: 40 mins
Grading method: Highest grade
,Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Attempt State Marks / 30.00 Grade / 100.00 Review
1 Finished 30.00 100.00
Submitted Wednesday, 5 August 2026, 11:02 AM
Highest grade: 100..00.
, An entity has the following balances: Bank: R102 350; Machinery: R22 450; Capital: R52 750; Drawings:
R2 500.
The total liabilities of the entity according to the basic accounting equation is …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 74550.00
Question 8
Answer saved
Marked out of 1.00
Indicate by choosing the correct option whether the following statement is true or false:
An entity will use the statement of profit or loss and other comprehensive income and the statement of
financial position to communicate reported accounting information to the external users.
True
False
, Naledi Traders received a loan of R100 000 from Nyiko Bank and the full amount was deposited into the bank account. Naledi Traders had a favourable bank
balance.
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 + Liabilities
100000 0 100000.00
Bank account debit Not applicable Loan: Nyiko Bank credit
Question 6
Answer saved
Marked out of 3.00
On 18 September 20.1, Orlando Trading had a bank balance of R4 700. On 19 September 20.1, the bookkeeper of Orlando Trading made an EFT to Telkom to
pay R7 200 for the telephone expenses for August 20.1.
The correct NET effect of the transaction on each element of the basic accounting equation in the books of Orlando 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
-7200.00 -4700.00 2500.00
