Fac2601 notes Study guides, Study notes & Summaries

FAC2601 UPDATED LATEST 2022 Exam Pack (Questions and Answers) Recent exam questions and answers and summarized notes for exam preparation. Whatsapp 4 for assistance. All the best on your exams!!

The following balances were extracted from the trial balance of Bell Crest Ltd on 30 June 2020: Additional information R Land at cost 1, 2 800 000 Buildings at cost 1, 2 1 200 000 Plant and machinery at carrying amount (1 July 2019) Furniture and equipment at cost 2, 3, 5 4, 5 2 100 000 600 000 - Accumulated depreciation on furniture and equipment (1 July 2019) 4, 5 (120 000) Additional information: 1. Bell Crest Ltd owns property in Germiston, situated on stand 50, that it occupies fo...

International Financial Reporting Standards (FAC2601) notes. The 3rd edition of this essential book gives a clear explanation of the principles of International Financial Reporting Standards and the accounting and disclosure requirements, and provides a clarification of practical problems of compliance.

This question must be answered in your examination answer book – please only write down the number that you think is correct. Each question has only one correct answer. The marks per question are indicated in brackets at the end of each question. (a) The following list of balances appear, amongst others, in the accounting records of Vusi Ltd on 31 October 2020: Ordinary share capital (shares issued at R2.30 each) R1 265 000 Proceeds of ordinary shares issued on 30 June 2020 R 540 000 (Shares i...

FAC2601 EXAM PACK 2021 THIS PAPER CONSISTS OF EIGHT (8) PAGES PLEASE NOTE: 1. This paper consists of THREE (3) questions. 2. All questions must be answered. 3. Basic calculations, where applicable, must be shown. 4. Ensure that you are handed the correct examination answer book (blue for accounting) by the invigilator (only applicable for venue based exams). 5. Each question attempted must be commenced on a new (separate) page. 6. PROPOSED TIMETABLE: (Avoid ...

FAC2601 UPDATED LATEST 2022 Exam Pack. PART A DILATA LTD NOTES FOR THE YEAR ENDED 30 JUNE 2020 1. Property, plant and equipment The land and buildings were revalued by an independent sworn appraiser Calculations Buildings Cost at 1 June 2019 = 2 400 000 Accumulated depreciation at 1 June 2019 June 2018 = 2 400 000 x 2% x 6/12 = 24 000 June 2019 = 2 400 000 x 2% = 48 000 Total = 48 000 + 24 000 = 72 000 Additions during the year Depreciation to be capitalised = 20% x 1 920 000 x 4/...

FAC2601-SU2-Summary Notes

FAC2601 EXAM PACK 2022 FAC2601 - Financial Accounting And Reporting The following information regarding share capital in the accounting records of Mbaso Ltd was obtained on 28 February 2021: R Ordinary share capital at date of incorporation................................................................... 5 000 000 Proceeds on 800 000 ordinary shares issued – 31 August 2020 ....................................... 1 200 000 20 000 10% Cumulative preference shares ..........................