Fac1601 question bank Study guides, Study notes & Summaries
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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: 2022 2021 R R
- Exam (elaborations) • 32 pages • 2023
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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...
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FAC1601 Assignment 4 (COMPLETE ANSWERS) Semester 2 2023 - DUE 16 October 2023 written by iStudy www.stuvia.com
- Exam (elaborations) • 38 pages • 2023
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FAC1601 Assignment 4 (COMPLETE 
ANSWERS) Semester 2 2023 - DUE 
16 October 2023 
written by 
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 Fully accept the consequences shou...
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FAC1601 ASSIGNMENT 3 SEMESTER 1 2023
- Exam (elaborations) • 17 pages • 2023
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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 
...
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FAC1601 Assignment 4 (COMPLETE ANSWERS) Semester 2 2023 - DUE 16 October 2023 written by iStudy www.stuvia.com Downloaded by: priscillarnqobileduma | priscillarnqobileduma@gmail.com Distribution of this document is illegal Want to earn R13,625 per year? T
- Exam (elaborations) • 19 pages • 2023
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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...
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FAC1601 EXAM PACK questions with answers
- Exam (elaborations) • 66 pages • 2023
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FAC1601 EXAM PACK pg. 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) Vehicles (30 September 20.1) 73 200 10 800 Long-term loan (unsecure...
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FAC1601 EXAM PACK
- Exam (elaborations) • 68 pages • 2022
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FAC1601 EXAM PACK 
pg. 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) 
Vehicles (30 September 20.1) 
73 200 
10 800 
...
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FAC1601 QUESTION BANK (SEMESTER 1 & SEMESTER 2)
- Exam (elaborations) • 125 pages • 2021
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- R66,06
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DEPARTMENT OF FINANCIAL ACCOUNTING 
FAC1601: FINANCIAL ACCOUNTING REPORTING 1 
FAC1601 QUESTION BANK 
(SEMESTER 1 & SEMESTER 2) 
Mr MT Hlongoane 
Mrs FM Osman 
Mr A Eysele 
Mrs B Ntoyanto-Ceki 
Mr S Mnguni 
Module Telephone Number: 012 429 4176 
Module E-mail Address: 
Open Rubric 
FAC1601/QUESTION BANK 
2 
CONTENTS 
SU 2: Establishment and the financial statements of a partnership .............................3 
SU 3: Changes in the ownership structure of a partnership............................
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FAC1601-Financial Accounting And Reporting Assignment 5 Semester 1 2022.
- Exam (elaborations) • 32 pages • 2022
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FAC1601-Financial Accounting And Reporting Assignment 5 Semester 1 2022. Moletji Ltd is public company owned by two prominent business women and the local community trust around the Capricorn District 
Municipality. The company was founded in the year 2018 and the following information pertains to the company: 
Extract of accounts pertaining to the statement of financial position as at 31 December: 
Extra from the statement of financial position 
2020 2019 
R R 
Land and buildings at cost ...
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FAC1601-Financial Accounting And Reporting Assignment 4 Semester 1 2022.
- Exam (elaborations) • 16 pages • 2022
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FAC1601-Financial Accounting And Reporting Assignment 4 Semester 1 2022. Question 1 
Not yet answered 
Marked out of 6.00 
The information below relates to questions 1 – 20: 
The following information relates to Phokwane Limited: 
Extract of items from the statement of financial position information as at 28 February 2022: 
2022 2021 
R R 
Land and buildings at cost 668 300 397 500 
Furniture and equipment at cost 158 300 198 800 
Accumulated depreciation: Furniture and equipme...
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FAC1601-Financial Accounting And Reporting Assignment 4 Semester 1 2022.
- Exam (elaborations) • 16 pages • 2022
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FAC1601-Financial Accounting And Reporting Assignment 4 Semester 1 2022. Question 1 
Not yet answered 
Marked out of 6.00 
The information below relates to questions 1 – 20: 
The following information relates to Phokwane Limited: 
Extract of items from the statement of financial position information as at 28 February 2022: 
2022 2021 
R R 
Land and buildings at cost 668 300 397 500 
Furniture and equipment at cost 158 300 198 800 
Accumulated depreciation: Furniture and equipme...