UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 1
QUIZ
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Question 1
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Marked out of 3.00
Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from the accounting
records of SA Traders:
Long-term loan - R226 350
Trade receivables - R48 745
Inventory - R273 998
Computer equipment - R120 894
Bank overdraft - R41 256
Determine the equity of SA Traders as at 31 March 2024 by making use of the basic accounting equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg: -12141.72)
Answer: 176031
, Question 2
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Marked out of 5.00
On 1 February 2025, O Ramaoka a sole proprietor opened a computer shop, Big Ram Computing. The entity is registered as a
VAT vendor and the applicable VAT rate is 15%.
On 15 February 2025, Big Ram Computing completed repairs on a server of a client and invoiced R14 720 (VAT exclusive) for the
services rendered. The client paid immediately with a debit card and a receipt was issued.
Required:
Complete the amounts on the below source document relating to the provided transaction.
Instructions for numeric responses:
1. If any of the numerical responses should be zero, please enter "0" in the block provided
2. Round off to the second decimal after the full stop (eg: 50.56)
Duplicate receipt
No. 0003 Date: 15 February 2025
Received from: B Mooketsi
R c
Amount:
Rand: Sixteen thousand nine hundred and twenty-eight
Cent: One
16928 0
For: Services rendered (Cash)
Big Ram Computing
Signature: V van Wyk
QUIZ
Time left 0:22:41
Question 1
Not yet answered
Marked out of 3.00
Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from the accounting
records of SA Traders:
Long-term loan - R226 350
Trade receivables - R48 745
Inventory - R273 998
Computer equipment - R120 894
Bank overdraft - R41 256
Determine the equity of SA Traders as at 31 March 2024 by making use of the basic accounting equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg: -12141.72)
Answer: 176031
, Question 2
Not yet answered
Marked out of 5.00
On 1 February 2025, O Ramaoka a sole proprietor opened a computer shop, Big Ram Computing. The entity is registered as a
VAT vendor and the applicable VAT rate is 15%.
On 15 February 2025, Big Ram Computing completed repairs on a server of a client and invoiced R14 720 (VAT exclusive) for the
services rendered. The client paid immediately with a debit card and a receipt was issued.
Required:
Complete the amounts on the below source document relating to the provided transaction.
Instructions for numeric responses:
1. If any of the numerical responses should be zero, please enter "0" in the block provided
2. Round off to the second decimal after the full stop (eg: 50.56)
Duplicate receipt
No. 0003 Date: 15 February 2025
Received from: B Mooketsi
R c
Amount:
Rand: Sixteen thousand nine hundred and twenty-eight
Cent: One
16928 0
For: Services rendered (Cash)
Big Ram Computing
Signature: V van Wyk
