100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
To add items to your wishlist, you must be logged in
Summary

Summary fac1601 assessment 3 2024 second attempt

Rating
-
Sold
-
Pages
3
Uploaded on
28-09-2024
Written in
2024/2025

for studying purposes

Institution
University Of South Africa (Unisa)
Course
Financial Accounting and Reporting (FAC1601)








Whoops! We can’t load your doc right now. Try again or contact support.
Report Copyright Violation

Written for

Institution
University of South Africa (Unisa)
Course
Financial Accounting and Reporting (FAC1601)
All documents for this subject (218)

Document information

Uploaded on
September 28, 2024
Number of pages
3
Written in
2024/2025
Type
Summary

Subjects

  • f

Content preview

Fac1601 assessment 3 semester 2 2024 second attempt

Question 1

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE
YEAR ENDED 28 FEBRUARY 2024

R Answer
Revenue 3205300
Cost of sales -324000
Inventory (opening balance) 46400
Purchases 305200
Carriage on purchases 22800
Inventory (closing) -50400
Gross profit 2881300
Other income 210000
Fair value adjustment: Listed share 131025
investment
Dividend income: Listed share investment 78975
Distribution, administrative and other -839800
expenses
Salaries and wages 379000
Director's remuneration 200300
Auditor's remuneration 141600
Credit losses 13600
Depreciation 53900
Carriage on sales 28500
Stationery consumed 6100
Telephone expenses 16800
Finance costs -12570
Interest on loan 12570
Profit before tax 2238930
Income tax expense -138700
Profit for the year 2100230
Other comprehensive income for the year 114800
Revaluation surplus 114800
Total comprehensive income for the year 2215030


Question 2

200000

More courses for University of South Africa (Unisa) >

R55,00
Get access to the full document:
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Barewolf
3,0
(4)

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Barewolf University of South Africa (Unisa)
View profile
Follow You need to be logged in order to follow users or courses
Sold
26
Member since
3 year
Number of followers
7
Documents
18
Last sold
4 months ago

3,0

4 reviews

5
1
4
0
3
1
2
2
1
0

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions