9/8/22, 10:54 AM Assessment 1: Attempt review
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Dashboard / My courses / FAC1502-22-S2
Started on
/ WELCOME Wednesday,
TO FAC1502 17 August
FINANCIAL 2022, 7:33 1:
ACCOUNTING PMFINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
State Finished
/ Assessment 1
Completed on Wednesday, 17 August 2022, 8:33 PM
Time taken 1 hour
Marks 17.00/30.00
Grade 56.67 out of 100.00
Feedback Congratulations you have passed this assignment.
Question 1
Correct
Mark 1.00 out of 1.00
Indicate whether the following statement is true or false:
According to the double-entry system each transaction must be recorded in such a way that the accounting equation remains in balance.
Select one:
True
False
Correct answer
The correct answer is 'True'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=4825490&cmid=212023 1/15
, 9/8/22, 10:54 AM Assessment 1: Attempt review
Question 2
Incorrect
Mark 0.00 out of 2.00
MENU
Betties Smith is the owner of Betties Plumbing. You are given the following information for Betties Plumbing for the year ended 28
Dashboard
February / My courses / FAC1502-22-S2
20.2?
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING
R CONCEPTS, PRINCIPLES AND PROCEDURES
Capital 250 000
/ Assessment 1
Services rendered 450 000
Drawings 17 000
Wages 70 000
Telephone expenses 10 000
Water and electricity 8 000
Insurance 1 500
Maintenance of vehicles 2 500
Interest expense 3 000
Interest income 2 500
What is the correct equity amount for Betties Smith on 28 February 20.2:
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: 588000
The correct answer is: 590500
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=4825490&cmid=212023 2/15
MENU
Dashboard / My courses / FAC1502-22-S2
Started on
/ WELCOME Wednesday,
TO FAC1502 17 August
FINANCIAL 2022, 7:33 1:
ACCOUNTING PMFINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
State Finished
/ Assessment 1
Completed on Wednesday, 17 August 2022, 8:33 PM
Time taken 1 hour
Marks 17.00/30.00
Grade 56.67 out of 100.00
Feedback Congratulations you have passed this assignment.
Question 1
Correct
Mark 1.00 out of 1.00
Indicate whether the following statement is true or false:
According to the double-entry system each transaction must be recorded in such a way that the accounting equation remains in balance.
Select one:
True
False
Correct answer
The correct answer is 'True'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=4825490&cmid=212023 1/15
, 9/8/22, 10:54 AM Assessment 1: Attempt review
Question 2
Incorrect
Mark 0.00 out of 2.00
MENU
Betties Smith is the owner of Betties Plumbing. You are given the following information for Betties Plumbing for the year ended 28
Dashboard
February / My courses / FAC1502-22-S2
20.2?
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING
R CONCEPTS, PRINCIPLES AND PROCEDURES
Capital 250 000
/ Assessment 1
Services rendered 450 000
Drawings 17 000
Wages 70 000
Telephone expenses 10 000
Water and electricity 8 000
Insurance 1 500
Maintenance of vehicles 2 500
Interest expense 3 000
Interest income 2 500
What is the correct equity amount for Betties Smith on 28 February 20.2:
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: 588000
The correct answer is: 590500
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=4825490&cmid=212023 2/15
