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Exam (elaborations)

Fac1502 Assignment 2 Semester 1 2025

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Fac1502 Assignment 2 Semester 1 2025

Institution
University Of South Africa (Unisa)
Course
Financial Accounting Principles Concepts and Procedures

Content preview

4/4/25, 2:55 PM FAC1502-25-S1: Assessment 2




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,4/4/25, 2:55 PM FAC1502-25-S1: Assessment 2




. 01 /




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,4/4/25, 2:51 PM Assessment 2 (page 1 of 2)




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, 4/4/25, 2:51 PM Assessment 2 (page 1 of 2)




MountainTraders, a registered VAT vendor, buys and sells hand sanitisers. The
VAT rate is 15%. All goods are sold at a constant mark-up of 18% and the entity
uses the perpetual inventory system.




Required:
Record the transaction provided above in the applicable subsidiary journal of
Mountain Traders.




Mountain Traders
Purchases journal – March 2025


Doc
no Day Details Fol VAT Input Inventory Trade payables
R R R


Gordon Dealers 2812.5 18750 21562.5
3




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25572494&cmid=1106289 2/6
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Institution
University of South Africa (Unisa)
Course
Financial Accounting Principles Concepts and Procedures

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2024/2025
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  • fac1502 assignment 2 semester 1 2025 whatsapp 0645

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