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Fac1502 Assignment 2 Of 2Nd Semester 2019

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Institution University Of South Africa (Unisa)
Course FAC1502 - Financial Accounting Principles, Concepts and Procedures (FAC1502ASSIGNMENT)
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FAC1502 Assignment 02 of 2nd semester 2019 with worked solutions

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FAC1502

ASSIGNMENT 20 OF 2ND SEMESTER 2019
1. 4
(69235-3061=66174)
2. 2
[68536-(10%*22678)-17577=r48691.20]
3. 1
Accrued expenses are current liabilities
4. Error
5. 5
Cost of sales: 27519+57361-17482=R67398
Sales: 67398X120/100 = R80876
6. 3
(32565-27363)X20% = R1040
7. 1

NB: FOR QUESTIONS 8 TO 15, REFER TO THE FINANCIAL STATEMENTS BELOW THE SOLUTIONS

8. 1
9. 2
10. 4
11. 1
12. 4
13. 4
14. 4
15. 1

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