UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 3
QUIZ
Assessment 3
OSCAR THE TUTO
oscardiura@gmail.c
+27737560989
for FAC MAC ECS D
Opened: Thursday, 10 April 2025, 8:00 AM
Closes: Monday, 14 April 2025, 6:00 PM
665959
You must have completed the required activities for Learning Units 1 to 9, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 3 and the overall feedback for Mandatory As
your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the due date of Man
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables will not be visib
phone.
Attempts allowed: 2
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
, Summary of your previous attempts
Marks / Grade /
Attempt State 50.00 100.00 Review Feedback
1 Finished 41.15 82.31 Congratulations, you passed this assess
Submitted Thursday, 10 April 2025, good work.
9:41 PM
Highest grade: 82..00.
Overall feedback
Congratulations, you passed this assessment with a distinction. Keep up the good work.
Pr e vi o us a c t i vi t y
Jump to...
Assessment 2
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,Question 1 Africa Traders, a registered VAT vendor, manufactures and sells renewable energy equipment. The VAT rate is 15% and Africa Traders makes use of the periodic invento
Answer saved Extract from the financial records of Africa Traders for the month of January 2023:
M arked out of
7.00
R
VAT Input account opening balance (1 January 2023) 29 980
Flag question
VAT Output account opening balance (1 January 2023) 37 504
VAT column in Purchases journal 64 600
VAT column in Sales journal 51 400
VAT column in Purchases returns journal 3 300
VAT column in Sales returns journal 5 000
Required:
Complete the VAT Output account in the general ledger of Africa Traders for the month ending 31 January 2023.
Instructions:
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Dr VAT Output B1 Cr
2023 R 2023 R
Jan 1 Balance b/d Jan 1 Balance b/d
0 37504.00
31 31
Trade receivabless SRJ1 5000.00 Trade receivabless SJ1 51400.00
Balance c/d Balance c/d
83904.00 0
88904.00 88904.00
Feb 1 Balance b/d Feb 1 Balance b/d
0 83904.00
Question 2 Africa Traders is a registered VAT vendor that buys and sells furniture. The business makes use of the periodic inventory system. Use the following information from t
Answer saved calculate the cost of sales on 28 February 2021:
M arked out of R
3.00
Inventory (1 March 2020) 452 900
Flag question Sales 958 492
, Answer: 698856.00
Question 3 The bookkeeper of Agripa Superstore totalled the cash receipts and cash payments journals for September 2022 before she received the bank statement for September 20
Incomplete Cash receipts journal R89 500
answer Cash payments journal R65 257
M arked out of
30.00 On comparing the bank statement with the cash receipts and cash payments journals for September 2022 and the bank reconciliation statement for the month of August 20
Flag question 1. On 1 September 2022, the bank account in the general ledger showed a favourable balance of R3 867.
2. On 30 September 2022, the bank statement showed a favourable balance of R5 015.
3. The following appeared on the bank statement, but not in the cash journals:
annual service fee – R355
internet service fee – R125
cash deposit fees – R485
a deposit on 25 September 2022 of R9 120 from D Purple, a client, paid directly into the bank account of Agripa Superstore for goods previously sold on credit.
a debit order of R650 in favour of Fleetrisk Insurance for an insurance premium.
4. The following appeared in the cash journals, but not on the bank statement:
debit card payment 56 made to the municipality on 29 September 2022, for water and electricity, while the system was offline – R1 958
deposit of R16 778, dated 30 September 2022.
5. P Eddy, a client, made an electronic transfer of R2 520 as payment on his account. The bookkeeper incorrectly entered the amount as R2 250 in the cash receipts jour
6. An electronic funds transfer for R4 750, made by another client of the bank, Mr South, was erroneously entered on the bank statement of Agripa Superstore.
7. Goods sold on credit for R11 300 on 27 September 2022, was erroneously recorded in the cash receipts journal of Agripa Superstore, instead of the sales journal.
REQUIRED:
Complete the following in the accounting records of Agripa Superstore for the month ended on 30 September 2022:
The cash receipts and cash payments journals (bank columns only), properly totalled, as at 30 September 2022
The bank account in the general ledger, properly balanced, as at 30 September 2022
The bank reconciliation statement as at 30 September 2022
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. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in front of the amount (eg: -1000.01)
4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any sign (eg: 1000.01)
Agripa Supe rstore
QUIZ
Assessment 3
OSCAR THE TUTO
oscardiura@gmail.c
+27737560989
for FAC MAC ECS D
Opened: Thursday, 10 April 2025, 8:00 AM
Closes: Monday, 14 April 2025, 6:00 PM
665959
You must have completed the required activities for Learning Units 1 to 9, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 3 and the overall feedback for Mandatory As
your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the due date of Man
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables will not be visib
phone.
Attempts allowed: 2
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
, Summary of your previous attempts
Marks / Grade /
Attempt State 50.00 100.00 Review Feedback
1 Finished 41.15 82.31 Congratulations, you passed this assess
Submitted Thursday, 10 April 2025, good work.
9:41 PM
Highest grade: 82..00.
Overall feedback
Congratulations, you passed this assessment with a distinction. Keep up the good work.
Pr e vi o us a c t i vi t y
Jump to...
Assessment 2
Contact us
You are logged in as MASHUWA TIVERN TSHINDANE (Log out)
Follow us
Data retention summary
Get the mobile app
,Question 1 Africa Traders, a registered VAT vendor, manufactures and sells renewable energy equipment. The VAT rate is 15% and Africa Traders makes use of the periodic invento
Answer saved Extract from the financial records of Africa Traders for the month of January 2023:
M arked out of
7.00
R
VAT Input account opening balance (1 January 2023) 29 980
Flag question
VAT Output account opening balance (1 January 2023) 37 504
VAT column in Purchases journal 64 600
VAT column in Sales journal 51 400
VAT column in Purchases returns journal 3 300
VAT column in Sales returns journal 5 000
Required:
Complete the VAT Output account in the general ledger of Africa Traders for the month ending 31 January 2023.
Instructions:
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Dr VAT Output B1 Cr
2023 R 2023 R
Jan 1 Balance b/d Jan 1 Balance b/d
0 37504.00
31 31
Trade receivabless SRJ1 5000.00 Trade receivabless SJ1 51400.00
Balance c/d Balance c/d
83904.00 0
88904.00 88904.00
Feb 1 Balance b/d Feb 1 Balance b/d
0 83904.00
Question 2 Africa Traders is a registered VAT vendor that buys and sells furniture. The business makes use of the periodic inventory system. Use the following information from t
Answer saved calculate the cost of sales on 28 February 2021:
M arked out of R
3.00
Inventory (1 March 2020) 452 900
Flag question Sales 958 492
, Answer: 698856.00
Question 3 The bookkeeper of Agripa Superstore totalled the cash receipts and cash payments journals for September 2022 before she received the bank statement for September 20
Incomplete Cash receipts journal R89 500
answer Cash payments journal R65 257
M arked out of
30.00 On comparing the bank statement with the cash receipts and cash payments journals for September 2022 and the bank reconciliation statement for the month of August 20
Flag question 1. On 1 September 2022, the bank account in the general ledger showed a favourable balance of R3 867.
2. On 30 September 2022, the bank statement showed a favourable balance of R5 015.
3. The following appeared on the bank statement, but not in the cash journals:
annual service fee – R355
internet service fee – R125
cash deposit fees – R485
a deposit on 25 September 2022 of R9 120 from D Purple, a client, paid directly into the bank account of Agripa Superstore for goods previously sold on credit.
a debit order of R650 in favour of Fleetrisk Insurance for an insurance premium.
4. The following appeared in the cash journals, but not on the bank statement:
debit card payment 56 made to the municipality on 29 September 2022, for water and electricity, while the system was offline – R1 958
deposit of R16 778, dated 30 September 2022.
5. P Eddy, a client, made an electronic transfer of R2 520 as payment on his account. The bookkeeper incorrectly entered the amount as R2 250 in the cash receipts jour
6. An electronic funds transfer for R4 750, made by another client of the bank, Mr South, was erroneously entered on the bank statement of Agripa Superstore.
7. Goods sold on credit for R11 300 on 27 September 2022, was erroneously recorded in the cash receipts journal of Agripa Superstore, instead of the sales journal.
REQUIRED:
Complete the following in the accounting records of Agripa Superstore for the month ended on 30 September 2022:
The cash receipts and cash payments journals (bank columns only), properly totalled, as at 30 September 2022
The bank account in the general ledger, properly balanced, as at 30 September 2022
The bank reconciliation statement as at 30 September 2022
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. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in front of the amount (eg: -1000.01)
4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any sign (eg: 1000.01)
Agripa Supe rstore
