FAC1503
ASSIGNMENT 05 FOR 2ND SEMESTER 2023
FEND TUTORIALS
, Disclaimer
This document contains expected
questions and answers for FAC1503
ASSIGNMENT 5for second semester
2023. Please not that questions may
differ and that makes this document
to be used as a guideline. If ever you
need help directly you can contact us
on 0631738181 so that we can assist
but the price is different from that
offered on this site.
, Question 2
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Question text
In the financial statements, accrued expenses will be classified as?
Select one:
a.
Non-current liabilities
b.
Current liabilities
c.
Non-current assets
d.
Current assets
Clear my choice
Question 3
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Question text
The following transaction relates to the accounting records of SA Attorneys for March 2022. The
legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with
a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022
in a book of first entry will be:
Select one:
a.
Sheriffs’ journal
Dr Cr
Date Details R R
24 Client – A South 100
ASSIGNMENT 05 FOR 2ND SEMESTER 2023
FEND TUTORIALS
, Disclaimer
This document contains expected
questions and answers for FAC1503
ASSIGNMENT 5for second semester
2023. Please not that questions may
differ and that makes this document
to be used as a guideline. If ever you
need help directly you can contact us
on 0631738181 so that we can assist
but the price is different from that
offered on this site.
, Question 2
Not yet answered
Marked out of 1.00
Flag question
Question text
In the financial statements, accrued expenses will be classified as?
Select one:
a.
Non-current liabilities
b.
Current liabilities
c.
Non-current assets
d.
Current assets
Clear my choice
Question 3
Not yet answered
Marked out of 2.00
Flag question
Question text
The following transaction relates to the accounting records of SA Attorneys for March 2022. The
legal practice is registered as a VAT vendor. On 24 March 2022, SA Attorneys paid the Sheriff with
a business cheque of R115, for the delivery of a summons to A South. The entry on 24 March 2022
in a book of first entry will be:
Select one:
a.
Sheriffs’ journal
Dr Cr
Date Details R R
24 Client – A South 100
