Fac1601 assessment 3 Study guides, Study notes & Summaries

FAC1601 ASSESSMENT 3 SEMESTER 1 2024 SEARCHABLE The liability of a member for the obligations of the close corporation is limited to the extent of the member's contribution to the close corporation. How many natural persons are allowed to be members of a close corporation? A close corporation is a legal entity, which implies that it is not liable to pay for obligations and can acquire assets in its own name. Which one of the following alternatives is correct journal entry to record ...

FAC1601 ASSESSMENT 3 SEMESTER 1 2024

FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) Question 1 Answer saved Marked out of 1.00 Question 2 Answer saved Marked out of 1.00 Question 3 Answer saved Marked out of 1.00 QUIZ The definition of a liability is: A. A future economic resource controlled by a reporting entity as a result of a past event. B. A future economic resource controlled by a reporting entity as a result of a future event. C. A present economic resource controlled by a reporting entity as a result of a pa...

This document contains workings, explanations and solutions to the FAC1601 Assignment 3 (QUALITY ANSWERS) Semester 1 2024. For assistance call or us on 0.6.8..8.1.2..0.9.3.4...... Question 1 Not yet answered Marked out of 3.00 QUIZ This information relates to questions 1 - 5 below: A profi table cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary shares and 600,000 6.5% preference shares. The company's fi nancial yea...

FAC1601 Assignment 3 (COMPLETE ANSWERS) Semester 1 2024 (214921) - DUE 30 April 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 Not yet answered Marked out of 3.00 QUIZ This information relates to questions 1 - 5 below: A profi table cattle feed production company, Tswelelopele Ltd, was incorporated with an authorised share capital of 900,000 NPV ordinary shares and 600,000 6.5% prefer...

FAC1601 ASSESSMENT 2 2023 EXPECTED QUESTIONS AND ANSWERS Call or whatsapp 4/3/5

FAC1601 Assignment 3 (DETAILED ANSWERS) Semester 2 2023 - DUE 2 October 2023 100% TRUSTED workings, explanations and solutions. For assistance call or us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . The following information pertains to The Roses CC and covers questions 1 – 9: David and Patrick are the only members of a Close Corporation trading as The Roses CC (Roses CC). They both have an equal interest of 50% each in the CC. The CC has a 28 February financial year-end. You have been appoint...

FAC1601 ASSIGNMENT 3 SEMESTER 1 2023 (366858) [School] [Course title] FAC1601 Assignment 3 Semester 1 2023 (366858) Due to the high crime rate in South Africa, Thabo and Nandi have a close corporation trading as Best Security CC. The services provided by the CC include VIP protection, Communitysecurity services, Surveillance monitoring and Access control. The close corporation provides services within Gauteng in the Sandton Area. The financial period for the CC ends 28February. The ...

The following information pertains to The Roses CC and covers questions 1 – 9: David and Patrick are the only members of a Close Corporation trading as The Roses CC (Roses CC). They both have an equal inte February financial year-end. You have been appointed by Roses CC as the accounting officer for the year ended 28 February 2023.The following information was Downloaded by: Advertising expense Insur...

FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 - DUE 11 September 2023.Detailed working, solutions, memo, notes & explanations............. Greg and Sheniz are in a partnership trading as Sugar Rush, a new, up-and-coming pastry shop. They share profits and losses in the ratio of 5:3 respectively. The following information was obtained for the financial year ending 31 August 2023: The partnership agreement stipulates the following: 1. Interest on capital must be calculated at 7% per annu...