,7/6/26, 8:00 AM
Welcome Message
FAC1502-26-Sl
Time left 0:23:28
Question 1
Answer saved
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted i.n thi.s assignment is my own. I did not request assistance
to complete the assignment questions from any third parties.
I declare that I did not pay a third party to complete and submit my assignment on my
behalf.
I declare that I did not provide assistance to other students completing the assignment.
0 a. Yes
Q b. No
https: //mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=30717704&cmid= 131 7191# 1/1
, FACI502-26-Sl Welcome Message
QUlZ
I Time left 0:23:03 I
Q uestion 2
On 25 October 20.4 Botl1a Spaza had a favourable bank balance ofR4 870. On 28 October 20.4 the bookkeeper of
Answer saved Botha Spaza made an EFT to Telkom to pay the amount of R6 880 for the telephone expenses for September 20.4.
Mru·ked out of The correct NET effect of the transaction on each element of the basic accounting equation in the books of
3.00
Botha Spaza is ...
Instructions:
l. Use a full stop lO indicate any decimals (eg: 1000.01)
2. Round off to the second decima l after the full stop (eg: 50.56)
3. A decrease in an amounl roust be indicated by using a negati ve sign in front of the amount (eg: -1 000.01)
4. An increase must be indicated by the amount without any sign (eg: 1000.01)
5. If an option is not applicable, please indicate with a zero "0".
Equity= Assets - Liabilities
R R R
~ l
(
\
-6880 1
I
-6880 1
I
.L 0
\ I
I'\
paid telephone expenses of 6880 via EFT. Accounting effect: Bank (asset) decreases
because money was paid out. Telephone expense reduces profit, so equity
decreases. No liabilities are affected . BAE effect Assets = Equity + Liabilities Equity:
-6880 Assets: -6880 Liabilities: 0
-
bttps://mymodu les.dtls.unisa.ac.za/mod/quiz/attempt.pbp?attempt=3 07 l 7704&cmid= 1317191 &page=! 1/2
, Questiob 3
Naledi Traders received a loan of RI 00 000 from Nyiko Bank and the full amount was deposited into the bank
A 1tswer saved account. Naledi Traders had a favourable bank balance.
Marke<! out of Prepare the BAE incorporating the information fonn the above transaction in the table below by indicating the net
6.00
effect (amount) and the account debited and credited:
Instructions fo1· numeric responses:
I. Use a fuH 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: - 1000.0 I)
4. V.1hen an element increases, the amount will be without aoy sign (eg: 1000.01)
5. Only show the amotu1t, do not show the "R" (eg: 1000)
6. lf no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity ... Liabilities
_.,l
, ,
I '
100000 0 I 100000
\" ,' ~ I
,
'
Loan: Nyiko Bank debit
. V
Not applicable
J
Loan: Nyiko Bank credit
Naledi Traders received a loan from Nyiko Bank and deposited it into the bank account.
Accounting effect: Bank (asset) increases because money was deposited. Loan liability
Previo us activ it y increases because the business now owes Nyiko Bank. Equity is not affected because a loan
- is not income. BAE effect: Assets= Equity+ Liabilities Assets: 100000 Equity: 0 Liabilities:
100000 Accounts: Debit: Bank account debit Credit: Loan : Nyiko Bank credit
Welcome Message
FAC1502-26-Sl
Time left 0:23:28
Question 1
Answer saved
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted i.n thi.s assignment is my own. I did not request assistance
to complete the assignment questions from any third parties.
I declare that I did not pay a third party to complete and submit my assignment on my
behalf.
I declare that I did not provide assistance to other students completing the assignment.
0 a. Yes
Q b. No
https: //mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=30717704&cmid= 131 7191# 1/1
, FACI502-26-Sl Welcome Message
QUlZ
I Time left 0:23:03 I
Q uestion 2
On 25 October 20.4 Botl1a Spaza had a favourable bank balance ofR4 870. On 28 October 20.4 the bookkeeper of
Answer saved Botha Spaza made an EFT to Telkom to pay the amount of R6 880 for the telephone expenses for September 20.4.
Mru·ked out of The correct NET effect of the transaction on each element of the basic accounting equation in the books of
3.00
Botha Spaza is ...
Instructions:
l. Use a full stop lO indicate any decimals (eg: 1000.01)
2. Round off to the second decima l after the full stop (eg: 50.56)
3. A decrease in an amounl roust be indicated by using a negati ve sign in front of the amount (eg: -1 000.01)
4. An increase must be indicated by the amount without any sign (eg: 1000.01)
5. If an option is not applicable, please indicate with a zero "0".
Equity= Assets - Liabilities
R R R
~ l
(
\
-6880 1
I
-6880 1
I
.L 0
\ I
I'\
paid telephone expenses of 6880 via EFT. Accounting effect: Bank (asset) decreases
because money was paid out. Telephone expense reduces profit, so equity
decreases. No liabilities are affected . BAE effect Assets = Equity + Liabilities Equity:
-6880 Assets: -6880 Liabilities: 0
-
bttps://mymodu les.dtls.unisa.ac.za/mod/quiz/attempt.pbp?attempt=3 07 l 7704&cmid= 1317191 &page=! 1/2
, Questiob 3
Naledi Traders received a loan of RI 00 000 from Nyiko Bank and the full amount was deposited into the bank
A 1tswer saved account. Naledi Traders had a favourable bank balance.
Marke<! out of Prepare the BAE incorporating the information fonn the above transaction in the table below by indicating the net
6.00
effect (amount) and the account debited and credited:
Instructions fo1· numeric responses:
I. Use a fuH 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: - 1000.0 I)
4. V.1hen an element increases, the amount will be without aoy sign (eg: 1000.01)
5. Only show the amotu1t, do not show the "R" (eg: 1000)
6. lf no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity ... Liabilities
_.,l
, ,
I '
100000 0 I 100000
\" ,' ~ I
,
'
Loan: Nyiko Bank debit
. V
Not applicable
J
Loan: Nyiko Bank credit
Naledi Traders received a loan from Nyiko Bank and deposited it into the bank account.
Accounting effect: Bank (asset) increases because money was deposited. Loan liability
Previo us activ it y increases because the business now owes Nyiko Bank. Equity is not affected because a loan
- is not income. BAE effect: Assets= Equity+ Liabilities Assets: 100000 Equity: 0 Liabilities:
100000 Accounts: Debit: Bank account debit Credit: Loan : Nyiko Bank credit
