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FAC1601 Assignment 5 Semester 2 2023 FAC1601 ASSIGNMENT 5 SEMESTER 2 2023 SOLUTIONS, EXPLANATIONS, WORKINGS, AND REFERENCES Extract from ledger account balances as at 30 September: R R Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control Listed investments 110 000 0 Bank Trade payables control SARS (income t...

FAC1601 Assignment 5 Semester 2 2023 FAC1601 ASSIGNMENT 5 SEMESTER 2 2023 SOLUTIONS, EXPLANATIONS, WORKINGS, AND REFERENCES Extract from ledger account balances as at 30 September: R R Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control Listed investments 110 000 0 Bank Trade payables control SARS (income t...

FAC1601 EXAM PACK.Detailed working, solutions, memo, notes & . 2 Statement of Profit or Loss and Other Comprehensive Income Question 1 The following information pertains to a partnership, trading as K Naz Capital: Kurt (1 April 20.1 Nazli (April) 300 000 250 000 Current Account: Kurt (1 April 20.1) Nazli 27 500 15 000 Drawings: Kurt Nazli 65 000 55 000 Office Furniture @ cost 190 000 Vehicles @ cost 200 000 Accumulated depreciation: Office furniture (30 September 20.1) Vehic...

FAC1601 Assignment 5 Semester 2 2023 FAC1601 ASSIGNMENT 5 SEMESTER 2 2023 FAC1601 Assignment 5 Semester 2 2023 FAC1601 ASSIGNMENT 5 SEMESTER 2 2023 SOLUTIONS, EXPLANATIONS, WORKINGS, AND REFERENCES Extract from ledger account balances as at 30 September: R R Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control ...

FAC1601 Assignment 5 Semester 2 2023 FAC1601 ASSIGNMENT 5 SEMESTER 2 2023 SOLUTIONS, EXPLANATIONS, WORKINGS, AND REFERENCES Extract from ledger account balances as at 30 September: R R Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control Listed investments 110 000 0 Bank Trade payables control SARS (income t...

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)FAC1601 Assignment 2 Semester 1 2023/2024 Update Question 1 Which of the following statements is correct: 1. When revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cost price of the partnership. 3...

FAC1601 Assignment 3 Semester 1 2023 (366858)FAC1601 Assignment 2 Semester 1 2023/2024 Update Question 1 Which of the following statements is correct: 1. When revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 2. The selling price of a partnership is determined by the cost price of the partnership. 3. A ...

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...

FAC1601 Assignment 4 (COMPLETE ANSWERS) Semester 2 2023 - DUE 16 October 2023 written by iStudy Downloaded by: priscillarnqobileduma | Distribution of this document is illegal Want to earn R13,625 per year? Terms of use By making use of this document you agree to:  Use this document as a guide for learning, comparison and reference purpose,  Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,  Fully accept the consequences shou...