Dashboard Calendar
Dashboard / My courses / FAC1502-22-S2 / WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIA
Started on Monday, 15 August 2022, 11:54 AM
State Finished
Completed on Monday, 15 August 2022, 12:53 PM
Time taken 58 mins 35 secs
Marks 18.00/30.00
Grade 60.00 out of 100.00
Feedback Congratulations you have passed this assignment.
Question 1
Correct
The following transactions occurred in the books of BC Plumbers for April 20.21:
Mark 2.00 out of
2.00 20.21
April 5 Bought stationery from KZN Stationers for R2 000 and paid with the cre
card of the business.
16 Bought plumbing equipment on credit for R3 000 from Plumbing Supplier
22 Made a direct payment of R1 000 into the bank account of Plumb
Suppliers.
What is amount of the balance of the trade payables account in the general ledge
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: 4000
The correct answer is: 4000
Question 2
Correct
, Electric equipment for use
Depreciation
Dashboard Calendar
Current
Dashboard / My courses portion of long-term
/ FAC1502-22-S2 borrowings
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIA
Your answer is partially correct.
You have correctly selected 1.
The correct answer is:
Electric equipment for sale
→ Current assets,
Electric equipment for use
→ Non-current assets,
Depreciation
→ Expense/loss,
Current portion of long-term borrowings
→ Current liabilities
Question 6
Incorrect
Betties Smith is the owner of Betties Plumbing. You are given the following information
Mark 0.00 out of
2.00
R
Capital 252 000
Services rendered 510 000
Wages 100 000
Telephone expenses 10 000
Water and electricity 8 000
Water and electricity: Deposit 2 500
Insurance 1 500
Maintenance of vehicles 2 500
Interest income 1 500
Interest expenses 2 000
Accrued income 4 600
Income received in advance 3 000
Dashboard / My courses / FAC1502-22-S2 / WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIA
Started on Monday, 15 August 2022, 11:54 AM
State Finished
Completed on Monday, 15 August 2022, 12:53 PM
Time taken 58 mins 35 secs
Marks 18.00/30.00
Grade 60.00 out of 100.00
Feedback Congratulations you have passed this assignment.
Question 1
Correct
The following transactions occurred in the books of BC Plumbers for April 20.21:
Mark 2.00 out of
2.00 20.21
April 5 Bought stationery from KZN Stationers for R2 000 and paid with the cre
card of the business.
16 Bought plumbing equipment on credit for R3 000 from Plumbing Supplier
22 Made a direct payment of R1 000 into the bank account of Plumb
Suppliers.
What is amount of the balance of the trade payables account in the general ledge
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: 4000
The correct answer is: 4000
Question 2
Correct
, Electric equipment for use
Depreciation
Dashboard Calendar
Current
Dashboard / My courses portion of long-term
/ FAC1502-22-S2 borrowings
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIA
Your answer is partially correct.
You have correctly selected 1.
The correct answer is:
Electric equipment for sale
→ Current assets,
Electric equipment for use
→ Non-current assets,
Depreciation
→ Expense/loss,
Current portion of long-term borrowings
→ Current liabilities
Question 6
Incorrect
Betties Smith is the owner of Betties Plumbing. You are given the following information
Mark 0.00 out of
2.00
R
Capital 252 000
Services rendered 510 000
Wages 100 000
Telephone expenses 10 000
Water and electricity 8 000
Water and electricity: Deposit 2 500
Insurance 1 500
Maintenance of vehicles 2 500
Interest income 1 500
Interest expenses 2 000
Accrued income 4 600
Income received in advance 3 000
