FAC2601 Financial Accounting for Companies (FAC2601)
University of South Africa
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Exam (elaborations)
FAC2601 - Financial Accounting For Companies
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---6December 20222022/2023A+
- Financial Accounting for Companies 
FAC2601 
Semesters 1 and 2 
Department of Financial Accounting 
The following balances were extracted from the trial balance of Bell Crest Ltd on 30 June 2020: 
Additional 
information 
R 
Land at cost 1, 2 800 000 
Buildings at cost 1, 2 1 200 000 
Plant and machinery at carrying amount (1 July 2019) 
Furniture and equipment at cost 
2, 3, 5 
4, 5 
2 100 000 
600 000 
- Accumulated depreciation on furniture and equipment 
(1 July 2019) 
4, 5 (120 000) 
Additi...
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ProfessorMurungi
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Exam (elaborations)
FAC2601-Financial Accounting For Companies Assignment 2 Semester 1 2022.
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---7September 20222022/2023A+
- FAC2601-Financial Accounting For Companies Assignment 2 Semester 1 2022. QUESTION 1 
BELL CREST LTD 
NOTES TO NON-CURRENT ASSETS 
Property, plant and equipment 
 Land Buildings 
 Plant and 
machinery 
 Delivery 
vehicle 
 Furniture 
and 
equipment 
Carrying amount at the 
beginning of the year 800 000 1 025 000 2 100 000 55 000 480 000 
Gross carrying amount 800 000 1 200 000 3 733 333 (5) 84 615 (12) 600 000 
Accumulated depreciation - (175 000) (2) (1 633 333) (6) (29 615) (13) (120 000) 
Addi...
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DoctorReinhad
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Exam (elaborations)
FAC2601 ASSIGNMENT 2 SEMESTER 1 - 2022
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---5May 20222021/2022A+
- FAC2601 
ASSIGNMENT 2 
SEMESTER 1 - 2022 | Prepare the “Asset” section of the Statement of financial position of Laduma 
Ltd as at 30 June 2019, in compliance with International Financial Reporting 
Standards (IFRS). 
3 
 
LADUMA LTD 
 
STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 
2019 
 
Assets R 
Non-current Assets 
Property Plant and Equipment 4 324 875 
Investment in Subsidiary 45 000 
Current Assets 
Inventory 723 000 
Trade and Other Receivables
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ExcelAcademia2026