3/24/26, 11:35 PM FAC1503-26-S1: Assessment 2
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2 Finished 38.20 95.49 Well done! You have obtained
Submitted Tuesday, 24 March a distinction.
2026, 11:35 PM
Your final grade for this quiz is 95.49/100.00.
Overall feedback
Well done! You have obtained a distinction.
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, 3/24/26, 11:33 PM Assessment 2 (page 2 of 5)
Question 2
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Marked out of 6.00
North Coast Attorneys received a loan of R100 000 from the bank, and the full amount was deposited into the business bank account. North Coast
Attorneys had a favourable bank balance of R120 000 prior to this transaction.
Prepare the Basic Accounting Equation (BAE) by incorporating the above transaction into the table below. Indicate the net effect (amount), as well as
the accounts to be debited and credited.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
7. If no account should be recorded in any of the columns, please indicate it by selecting "Not applicable"
Assets = Equity + Liabilities
100000 0 100000
Bank account debit Not applicable Loan account credit
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31513793&cmid=1317197&page=1 2/3
Summary of your previous attempts
Marks / Grade /
Attempt State 40.00 100.00 Review Feedback
2 Finished 38.20 95.49 Well done! You have obtained
Submitted Tuesday, 24 March a distinction.
2026, 11:35 PM
Your final grade for this quiz is 95.49/100.00.
Overall feedback
Well done! You have obtained a distinction.
No more attempts are allowed
https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=1317197 2/2
, 3/24/26, 11:33 PM Assessment 2 (page 2 of 5)
Question 2
Answer saved
Marked out of 6.00
North Coast Attorneys received a loan of R100 000 from the bank, and the full amount was deposited into the business bank account. North Coast
Attorneys had a favourable bank balance of R120 000 prior to this transaction.
Prepare the Basic Accounting Equation (BAE) by incorporating the above transaction into the table below. Indicate the net effect (amount), as well as
the accounts to be debited and credited.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
7. If no account should be recorded in any of the columns, please indicate it by selecting "Not applicable"
Assets = Equity + Liabilities
100000 0 100000
Bank account debit Not applicable Loan account credit
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=31513793&cmid=1317197&page=1 2/3
