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  • University Of South Africa (Unisa)
  • Distinctive Financial Reporting (FAC3702)
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fac3702 assessment 2 sem 2 of 2026 expected solutions

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2026/2027 Written for academic year
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this document contains fac3702 assessment 2 sem 2 of 2026 expected solutions. use it as a guide to score above 80%

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expected solutions
TUTORING FOR FAC,MAC,ECS,STA,DSC,TAX, FIN ,INV,QMI, BNU,MNG,MNB,BSM, CLA

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, (a) General Journal Entries for Land

Date Details Debit (R) Credit (R)

Land (Statement of Financial Position) (24,000,000 +
1-Jul-19 25 200 000
480,000 + 720,000)


Bank (Statement of Financial Position) 25 200 000


30-Jun-22 Land (Statement of Financial Position) 13 300 000


Revaluation surplus (Statement of Profit or Loss and
13 300 000
Other Comprehensive Income)

Revaluation surplus (Statement of Profit or Loss and
30-Jun-26 13 300 000
Other Comprehensive Income)

Revaluation loss (Statement of Profit or Loss and
2 200 000
Other Comprehensive Income)

Land (Statement of Financial Position) 15 500 000




(b) Notes to the Financial Statements for the year ended 30 June 2026



SKYLINK AIRWAYS (PTY) LTD NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026

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