FAC1501-25-S1: Assessment 3 https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=1084
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 3
QUIZ 42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
Thursday, 10 April 2025, 8:00 AM
Monday, 14 April 2025, 6:00 PM
665959
You must have completed the required activities for Learning Units 1 to 9, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 3 and the overall feedback for
Mandatory Assessment 3 after you have submitted your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the
due date of Mandatory Assessment 3.
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables
will not be visible through the myModules app on a phone.
Attempts allowed: 2
Time limit: 1 hour
Grading method: Highest grade
Grade to pass: 50.00 out of 100.00
1 Finished 45.71 91.43 Congratulations, you passed this assessment with
Submitted Friday, 11 a distinction. Keep up the good work.
April 2025, 4:19 PM
Congratulations, you passed this assessment with a distinction. Keep up the good work.
1 of 2 2025/04/11, 16
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 3
QUIZ
Time left 0:37:15
Not yet answered
Marked out of 3.00
Africa Traders is a registered VAT vendor that buys and sells furniture. The business makes use of the periodic inventory system.
Inventory (1 March 2020) 755 198
Sales 948 477
Sales returns 11 243
Purchases 833 872
Freight on purchases 9 693
Freight on sales 6 429
A physical inventory count on 28 February 2021 indicated that the inventory on hand amounted to R599 563.
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
Answer: 999200
1 of 6 2025/04/11, 15
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
Not yet answered
Marked out of 30.00
The bookkeeper of Agripa Superstore totalled the cash receipts and cash payments journals for September 2022 before she received the
bank statement for September 2022. The totals of the cash journals were as follows:
• Cash receipts journal R91 455
• Cash payments journal R72 481
On comparing the bank statement with the cash receipts and cash payments journals for September 2022 and the bank reconciliation
statement for the month of August 2022, the following were noted:
1. On 1 September 2022, the bank account in the general ledger showed an unfavourable balance of R3 867.
2. On 30 September 2022, the bank statement showed an unfavourable balance of R17 180.
3. The following appeared on the bank statement, but not in the cash journals:
annual service fee – R425
cash withdrawal fee – R90
cash deposit fees – R520
a deposit on 25 September 2022 of R8 722 from Fleetrisk Insurance, a client, paid directly into the bank account of Agripa Superstore
for goods previously sold on credit.
a debit order of R830 in favour of SA Adds for an advertisement placed in the local newspaper.
4. The following appeared in the cash journals, but not on the bank statement:
▪ debit card payment 70 made to the municipality on 30 September 2022, for water and electricity, while the system was offline – R2
340
▪ deposit of R20 575, dated 30 September 2022.
5. Mrs South, a client, made an electronic transfer of R3 520 as payment on her account. The bookkeeper incorrectly entered the amount
as R2 230 in the cash receipts journal.
6. An electronic funds transfer for R6 200, made by another client of the bank, P Eddy, was erroneously entered on the bank statement of
Agripa Superstore.
7. Goods sold on credit for R15 999 on 28 September 2022, was erroneously recorded in the cash receipts journal of Agripa Superstore,
instead of the sales journal.
Complete the following in the accounting records of Agripa Superstore for the month ended on 30 September 2022:
• The cash receipts and cash payments journals (bank columns only), properly totalled, as at 30 September 2022
• The bank account in the general ledger, properly balanced, as at 30 September 2022
• The bank reconciliation statement as at 30 September 2022
1. Use a (eg: 1000.01)
2. Round off to the (eg: 50.56)
3. An entry in the of the must be indicated by using
(eg: -1000.01)
4. An entry in the of the must be (eg: 1000.01)
30 Subtotal
91455
Mrs South 1290
2 of 6 2025/04/11, 15
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
Fleetrisk Insurance 8722
101467
30 Subtotal
72481
SA Adds 830
Credit sales (incorrect entry) 15999
Bank charges 1035
75945
2022 2022
Sept 1 Balance b/d Sept 1 Balance b/d
0 3867
30 30
Total receipts CRJ 101467 Total payments CPJ 75945
Balance c/d Balance c/d
0 69345
101467 101467
Oct 1 Balance b/d Oct 1 Balance b/d
69345 0
Balance per bank statement -17180
Outstanding deposits -20575
Outstanding payments 2340
Correction of errors -6200
Balance per bank account 69345
3 of 6 2025/04/11, 15
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 3
QUIZ 42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
42 11 2 21 00
Thursday, 10 April 2025, 8:00 AM
Monday, 14 April 2025, 6:00 PM
665959
You must have completed the required activities for Learning Units 1 to 9, before the assessment will be available to you.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 3 and the overall feedback for
Mandatory Assessment 3 after you have submitted your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the
due date of Mandatory Assessment 3.
NB: If you cannot access this assessment, read the announcements, and watch the video in the "START HERE" section.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone. Some tables
will not be visible through the myModules app on a phone.
Attempts allowed: 2
Time limit: 1 hour
Grading method: Highest grade
Grade to pass: 50.00 out of 100.00
1 Finished 45.71 91.43 Congratulations, you passed this assessment with
Submitted Friday, 11 a distinction. Keep up the good work.
April 2025, 4:19 PM
Congratulations, you passed this assessment with a distinction. Keep up the good work.
1 of 2 2025/04/11, 16
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 3
QUIZ
Time left 0:37:15
Not yet answered
Marked out of 3.00
Africa Traders is a registered VAT vendor that buys and sells furniture. The business makes use of the periodic inventory system.
Inventory (1 March 2020) 755 198
Sales 948 477
Sales returns 11 243
Purchases 833 872
Freight on purchases 9 693
Freight on sales 6 429
A physical inventory count on 28 February 2021 indicated that the inventory on hand amounted to R599 563.
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
Answer: 999200
1 of 6 2025/04/11, 15
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
Not yet answered
Marked out of 30.00
The bookkeeper of Agripa Superstore totalled the cash receipts and cash payments journals for September 2022 before she received the
bank statement for September 2022. The totals of the cash journals were as follows:
• Cash receipts journal R91 455
• Cash payments journal R72 481
On comparing the bank statement with the cash receipts and cash payments journals for September 2022 and the bank reconciliation
statement for the month of August 2022, the following were noted:
1. On 1 September 2022, the bank account in the general ledger showed an unfavourable balance of R3 867.
2. On 30 September 2022, the bank statement showed an unfavourable balance of R17 180.
3. The following appeared on the bank statement, but not in the cash journals:
annual service fee – R425
cash withdrawal fee – R90
cash deposit fees – R520
a deposit on 25 September 2022 of R8 722 from Fleetrisk Insurance, a client, paid directly into the bank account of Agripa Superstore
for goods previously sold on credit.
a debit order of R830 in favour of SA Adds for an advertisement placed in the local newspaper.
4. The following appeared in the cash journals, but not on the bank statement:
▪ debit card payment 70 made to the municipality on 30 September 2022, for water and electricity, while the system was offline – R2
340
▪ deposit of R20 575, dated 30 September 2022.
5. Mrs South, a client, made an electronic transfer of R3 520 as payment on her account. The bookkeeper incorrectly entered the amount
as R2 230 in the cash receipts journal.
6. An electronic funds transfer for R6 200, made by another client of the bank, P Eddy, was erroneously entered on the bank statement of
Agripa Superstore.
7. Goods sold on credit for R15 999 on 28 September 2022, was erroneously recorded in the cash receipts journal of Agripa Superstore,
instead of the sales journal.
Complete the following in the accounting records of Agripa Superstore for the month ended on 30 September 2022:
• The cash receipts and cash payments journals (bank columns only), properly totalled, as at 30 September 2022
• The bank account in the general ledger, properly balanced, as at 30 September 2022
• The bank reconciliation statement as at 30 September 2022
1. Use a (eg: 1000.01)
2. Round off to the (eg: 50.56)
3. An entry in the of the must be indicated by using
(eg: -1000.01)
4. An entry in the of the must be (eg: 1000.01)
30 Subtotal
91455
Mrs South 1290
2 of 6 2025/04/11, 15
,Assessment 3 (page 1 of 2) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=25
Fleetrisk Insurance 8722
101467
30 Subtotal
72481
SA Adds 830
Credit sales (incorrect entry) 15999
Bank charges 1035
75945
2022 2022
Sept 1 Balance b/d Sept 1 Balance b/d
0 3867
30 30
Total receipts CRJ 101467 Total payments CPJ 75945
Balance c/d Balance c/d
0 69345
101467 101467
Oct 1 Balance b/d Oct 1 Balance b/d
69345 0
Balance per bank statement -17180
Outstanding deposits -20575
Outstanding payments 2340
Correction of errors -6200
Balance per bank account 69345
3 of 6 2025/04/11, 15
