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FAC3764 Assessment 9 due 10 October 2023

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This document contains the solution to FAC374 assessment 9 due 10 October 2023, using this document as guideline will ensure that you get 90% plus.

Institution
University Of South Africa (Unisa)
Course
Financial Accounting (FAC3764)

Content preview

FAC3764
Assessment 9
10 October 2023




Question 1


a) Prepare all relevant general journal entries to correctly account for the
manufacturing plant in Kalkfontein, in the accounting records of Khoro Limited for the
year ended 30 September 2023.
1. Initial Acquisition:
• Debit Manufacturing Plant (Property, Plant, and Equipment) for
R3,500,000 (Land Cost)
• Credit Cash for R3,500,000 (Land Purchase)
2. Construction Costs:
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Institution
University of South Africa (Unisa)
Course
Financial Accounting (FAC3764)

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October 10, 2023
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  • fac3764 assessment 9 due 10 october 2023
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