FAC 1601 (fac1601)

FAC1601 Assignment 1 Semester 1 2023

LATEST AND UPTO DATE

FAC1601 ASSIGNMENT 5 SOLUTIONS PLEASE RUN THE ASSIGNMENT FOR AT LEAST 2 HOURS SO THAT YOU ARE NOT FLAGGED FOR POSSIBLE INFORMATION SHARING QUESTION 1 Cash receipt from customers 2021 2022 Cash received from customers Items in statement of profit or loss and other comprehensive income + Accrued income - Accrued income - Income received in advance + Income received in advance Revenue 805 800 + 83 300 - 92 700 796 400 QUESTION 2 Cash generated from operations Cash r...

FAC1601 STUDY GUIDE

FAC 1601 financial accounting REVISION QUESTIONS Contents Statement of Profit or Loss and Other Comprehensive Income 2 Partnership Change in Ownership Structure 4 Close Corporation 5 Company Issue of Shares 7 Close corporation: Statement of cash flows 9 Analysis and interpretation of financial statements 10 Dependent branches: Branch inventory account 12 Time value of money 13 Partnerships: Calculation of total comprehensive income 14 Partnerships: Liquidation of ...