3/24/25, 9:31 AM Assessment 1 (page 2 of 2)
FAC1502-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:14:54
Question 8
Not yet answered
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted in this 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.
a. No
b. Yes
Clear my choice
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,3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
FAC1502-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:30:27
Question 1
Not yet answered
Marked out of 2.00
An entity has the following balances: Bank (Dr): R11 580; Furniture: R16 680; Capital: R14 790; Trade receivables: R1 120.
The total liabilities of the entity according to the basic accounting equation is …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 14590
Question 2
Not yet answered
Marked out of 3.00
On 18 September 20.1, Sammy Trading had a bank balance of R4 800. On 19 September 20.1, the bookkeeper of Sammy Trading made
an EFT to Telkom to pay R8 000 for the telephone expenses for August 20.1.
The correct NET effect of the transaction on each element of the basic accounting equation in the books of Sammy Trading is ...
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. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)
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
-8000 -8000 0
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,3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
Question 3
Not yet answered
Marked out of 1.00
Indicate by choosing the correct option whether the following statement is true or false:
Impairment of a non-current asset is just another word for the depreciation of the non-current asset.
True
False
Question 4
Not yet answered
Marked out of 6.00
Vandem Traders' accountant paid R1 080 via electronic transfer for the placement of a monthly advertisement in a local newspaper.
Vandem Traders maintained an unfavourable bank balance.
Prepare the BAE incorporating the information from the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity
0 -1080
Not applicable Advertising account debit
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, 3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
Question 5
Not yet answered
Marked out of 6.00
The owner, K Mzwandile, withdrew R1 460 cash from the business bank account for personal use. The business maintained an
unfavourable bank balance.
Prepare the BAE incorporating the information from the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity + Liabilities
0 1460 -1460
Not applicable Drawings account debit Bank account credit
Question 6
Not yet answered
Marked out of 6.00
BS Traders rendered services of R2 070 on credit for a client. BS Traders maintained a favourable bank balance.
Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity
2070 2070
Trade and other receivables account debit Services rendered account credit
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FAC1502-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:14:54
Question 8
Not yet answered
Not graded
NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted in this 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.
a. No
b. Yes
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24957456&cmid=1106288&page=1 1/1
,3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
FAC1502-25-S1 Welcome Message Assessment 1
QUIZ
Time left 0:30:27
Question 1
Not yet answered
Marked out of 2.00
An entity has the following balances: Bank (Dr): R11 580; Furniture: R16 680; Capital: R14 790; Trade receivables: R1 120.
The total liabilities of the entity according to the basic accounting equation is …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 14590
Question 2
Not yet answered
Marked out of 3.00
On 18 September 20.1, Sammy Trading had a bank balance of R4 800. On 19 September 20.1, the bookkeeper of Sammy Trading made
an EFT to Telkom to pay R8 000 for the telephone expenses for August 20.1.
The correct NET effect of the transaction on each element of the basic accounting equation in the books of Sammy Trading is ...
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. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)
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
-8000 -8000 0
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,3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
Question 3
Not yet answered
Marked out of 1.00
Indicate by choosing the correct option whether the following statement is true or false:
Impairment of a non-current asset is just another word for the depreciation of the non-current asset.
True
False
Question 4
Not yet answered
Marked out of 6.00
Vandem Traders' accountant paid R1 080 via electronic transfer for the placement of a monthly advertisement in a local newspaper.
Vandem Traders maintained an unfavourable bank balance.
Prepare the BAE incorporating the information from the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity
0 -1080
Not applicable Advertising account debit
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, 3/24/25, 9:42 AM Assessment 1 (page 1 of 2)
Question 5
Not yet answered
Marked out of 6.00
The owner, K Mzwandile, withdrew R1 460 cash from the business bank account for personal use. The business maintained an
unfavourable bank balance.
Prepare the BAE incorporating the information from the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity + Liabilities
0 1460 -1460
Not applicable Drawings account debit Bank account credit
Question 6
Not yet answered
Marked out of 6.00
BS Traders rendered services of R2 070 on credit for a client. BS Traders maintained a favourable bank balance.
Prepare the BAE incorporating the information form the above transaction in the table below by indicating the net effect (amount) and the
account debited and credited:
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. When an element decreases, use a negative sign in front of the amount (eg: -1000.01)
4. When an element increases, the amount will be without any sign (eg: 1000.01)
5. Only show the amount, do not show the "R" (eg: 1000)
6. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
Assets = Equity
2070 2070
Trade and other receivables account debit Services rendered account credit
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