Fac1502 exam pack Study guides, Study notes & Summaries
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FAC1501 EXAM PACK 2022_Fac1502 Exam Pack
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FAC1501 EXAM PACK 2022
Fac1502 Exam Pack
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES 
N & N ENTERPRISES 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 
Revenue 500 000 
Cost of Sales (362 800) 
Opening Inventory 100 000 
Purchases (283 000 + 39 000 – 5 000) 317 000 
Freight charges on purchases 5 000 
Shipping Fees 2 800 
Import duties 3 300 
Delivery Fees 4 100 
Modification Costs 2 600 
Closing Inventory (72 000) 
Gross Profit 137 200 
Other Income 2 860 
Int...
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ECS1501 EXAM PACK AND NOTES
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ECS1501 EXAM PACK AND NOTES
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FAC1502 EXAM PACK 2023
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FAC1502 EXAM PACK 2023
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FAC1502 EXAM PACK 2022
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FAC1502 EXAM PACK 2023
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FAC1502 EXAM PACK 2023
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FAC1502 EXAM PACK 2023
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FAC1502_EXAM_PACK___FINANCIAL_ACCOUNTING_PRINCIPLES__CONCEPTS___PROCEDURES__1
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FAC1502 EXAM PACK 
 
 
 
 
 
 
 
 
 
FINANCIAL ACCOUNTING PRINCIPLES, CONCEPTS & PROCEDURES 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MAY – JUNE 2023 
 
SOLUTION 1: STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME 
(a) N & N ENTERPRISES 
 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 
 
	R 
Revenue		500 000		 
Cost of Sales		(362 800)		 
Opening Inventory			100 000		 
Purchases (283 000 + 39 000 – 5 000)			317 000		 
Freight charges on purcha...
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FAC1502 EXAM PACK
- Exam (elaborations) • 105 pages • 2022
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This exam pack contains • Exam question papers • Memorandums • Summary of the course material • Additional notes. All of the best for your exams!
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FAC1502 - EXAM PACK (2022)
- Exam (elaborations) • 534 pages • 2021
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Contains a summary of important study notes, frequently asked Questions and Answers from past exam papers. Includes Definitions, Short Questions, and Long questions and lecturer's exam tips.
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FAC1502 EXAM PACK 2023
- Exam (elaborations) • 151 pages • 2023
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the document has the latest questions and elaborate answers