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Assessment 5
159227
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through the myModules app on a phone.
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, The total of R25 203 of the list of individual debtor balances of Clayville Stores, differs from the balance of the trade receivables control
account at 31 October 2022. Upon investigation, the following were found:
1. The list of debtor's balances had been undercast by R1 134.
2. Goods to the value of R3 274, bought by client N Nkosi, was inadvertently debited to the account of M Nkosi.
3. Sales invoice number 528 for R410 which was entered correctly in the sales journal, was entered as R1 410 in C North's account.
What is the closing balance of the trade receivables control account of Clayville Stores on 31 October 2022?
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: 25337.00 25203+1134+410-1410
Ques
SA Traders, a registered VAT vendor, manufactures and sells gardening equipment. On 28 March 2023, an entry for a debit order in favour of Answ
CarInsure (registered VAT vendor) of R3 460 (VAT inclusive) appears on the bank statement of SA Traders for the monthly vehicle insurance. The VAT Mark
rate is 15% and the periodic inventory system is in use. Fl
Required:
Record the above transaction in the applicable subsidiary journal of SA Traders.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
SA Traders
Cash payments journal – March 2023
Doc Sundry accounts
Not applicable Bank Insurance VAT Input
no Day Details Fol Amount Fol Details
CarInsure 0 3460.00 3008.70 451.30
28
Ques
Machete Traders specialises in selling quality household appliances and various household goods. The business is a registered VAT vendor and Answ
applies the principles of the periodic inventory system. The VAT rate is 15%. Mark
The following is an extract from the trial balance of Machete Traders as at 31 March 2023: Fl
R
Sales 142 000
Purchases 97 000
Sales returns 6 910
Purchases returns 3 290
Settlement discount granted 4 770
Settlement discount received 2 380
Required:
Dashboard Calendar
+27737560989
Dashboard / My courses / FAC1501-25-S1 / General / Assessment 5 for FAC MAC ECS DSC TAX QMI FIN INV BNU STA
tutorials
Assessment 5
159227
You must have completed the activities for Learning Units 1 to 11, before 08:00 on 12/05/2025 to gain access to myExams where the
assessment will be available to you.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the due date/time of
Elective Assessment 5.
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: 1 OSCAR THE TUTOR
This quiz opened at Monday, 12 May 2025, 12:00 PM
+27737560989
This quiz will close on Monday, 12 May 2025, 8:00 PM.
for FAC MAC ECS DSC TAX
QMI FIN INV BNU STA tutorials
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 2 hours
Summary of your previous attempts
Grade /
State 100.00 Review Feedback
Finished 86.35 Congratulations, you passed this assessment with a distinction. Keep up
Submitted Monday, 12 May 2025, the good work.
1:10 PM
Your final grade for this quiz is 86.35/100.00.
Overall feedback
Congratulations, you passed this assessment with a distinction. Keep up the good work.
No more attempts are allowed
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Dashboard / My courses / FAC1501-25-S1 / General / Assessment 5
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,
, The total of R25 203 of the list of individual debtor balances of Clayville Stores, differs from the balance of the trade receivables control
account at 31 October 2022. Upon investigation, the following were found:
1. The list of debtor's balances had been undercast by R1 134.
2. Goods to the value of R3 274, bought by client N Nkosi, was inadvertently debited to the account of M Nkosi.
3. Sales invoice number 528 for R410 which was entered correctly in the sales journal, was entered as R1 410 in C North's account.
What is the closing balance of the trade receivables control account of Clayville Stores on 31 October 2022?
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: 25337.00 25203+1134+410-1410
Ques
SA Traders, a registered VAT vendor, manufactures and sells gardening equipment. On 28 March 2023, an entry for a debit order in favour of Answ
CarInsure (registered VAT vendor) of R3 460 (VAT inclusive) appears on the bank statement of SA Traders for the monthly vehicle insurance. The VAT Mark
rate is 15% and the periodic inventory system is in use. Fl
Required:
Record the above transaction in the applicable subsidiary journal of SA Traders.
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. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a zero ("0")
SA Traders
Cash payments journal – March 2023
Doc Sundry accounts
Not applicable Bank Insurance VAT Input
no Day Details Fol Amount Fol Details
CarInsure 0 3460.00 3008.70 451.30
28
Ques
Machete Traders specialises in selling quality household appliances and various household goods. The business is a registered VAT vendor and Answ
applies the principles of the periodic inventory system. The VAT rate is 15%. Mark
The following is an extract from the trial balance of Machete Traders as at 31 March 2023: Fl
R
Sales 142 000
Purchases 97 000
Sales returns 6 910
Purchases returns 3 290
Settlement discount granted 4 770
Settlement discount received 2 380
Required:
