FAC1502ASSIGNMENT QUESTIONS WITH CORRECT ANSWERS

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-FAC1502-ASSIGNMENT QUESTIONS WITH CORRECT ANSWERS

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Time ctaken c c 34 cmins c45 csecs
88.00/100.00
80.00 cout cof c100.00
Feedback c c Congratulations, cyou cpass cthe cassessment cwith ca cdistinction.



Question c1
Correct

Mark c1.00 cout cof c1.00




What cis cincluded cin cthe cstatement cof cfinancial cposition cof ca cbusiness?



Select cone:
A. Capital, csales cand cassets.

B. Assets, cdiscounts cand cliabilities.

C. Income, cexpenses, cassets cand cliabilities.

D. Equity, cassets cand cliabilities.

E. Assets, cliabilities, cprofit con cdisposal cof cnon-current cassets.




Question c2
Correct

Mark c1.00 cout cof c1.00




Indicate cwhether cthe cfollowing cstatement cis ctrue cor cfalse:

The cdifference cbetween cincome cand cexpenditure cis ceither ca cprofit cor ca closs.



Select
cone: c
cTrue c

cFalse




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=1034305&cmid=117739 1/17

,QUESTION c1

Indicate cby cchoosing cthe ccorrect coption cwhether cthe cfollowing cstatement cis ctrue cor cfalse:
A creceipts cand cpayments cstatement cfor cnon-profit centities cis cthe csame cas ca cbank caccount cfor ca csole
ctrader.



Select cone:
c True

cFalse

cQuestion c 2
cAnswer
csaved
Marked cout cof c11.00




Flag cquestion
Question
ctext
The cfollowing cinformation cwas cextracted cfrom cthe caccounting crecords cof cLele cPlastics:
Balances cat c1 cApril c20.19 R
Equipment: cCost 56 c000
Accumulated cdepreciation: cEquipment (37 c800)


Additional cinformation
At cthe cbeginning cof cthe cfinancial cyear, c1 cApril c20.19, cLele cPlastics creplaced cits cplastic cshredding
cequipment cwith cnew cglass crecycling cequipment cthat chad ca cpurchase cprice cof cR250 c000. cThe
creplaced cplastic cshredding cmachine cwas csold cfor cR10 c500 ccash, cit cwas cthe conly cpiece cof
cequipment cin cthe cbooks cof cLele cPlastics cprior cto cthe cpurchase cof cthe cnew cglass crecycling
cequipment. cDepreciation cis cprovided cat c15% cp.a. con cthe cstraight- cline cmethod.




The ccorrect cproperty, cplant cand cequipment cnote cfor cequipment c(total ccolumn cexcluded) cfor
cLele cPlastics con c31 cMarch c20.20 cwill cbe:




Instructions:
Drag cthe ccorrect canswer cinto cthe ccorrect
cspace. cAn coption ccan cbe cused cmore cthan

conce.

Please ckeep cthe csequence cof ctransactions cstrictly caccording cthe cinformation cgiven cbut calso cin cthe
ccorrect cformat.




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