FAC1601 Assignment 1 of 2021 Study guides, Study notes & Summaries
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FAC1601 Assignment 5 (WORKINGS & ANSWERS) Semester 1 2023 (367161) - DUE 12 June 2023
- Exam (elaborations) • 36 pages • 2023
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FAC1601 Assignment 5 (WORKINGS & ANSWERS) Semester 1 2023 () - DUE 12 June 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 . 
Gill and Zaahir are in the business of supplying and installing solar panels in the form of a partnership trading as Solar Installations. Gill and Zaahir share profits and losses in the ratio1:2 respectively. On 31 May 2023 the following information was extracted from the accounting records of the partnership: ...
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS)
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FAC1601 ASSIGNMENT 1 Semester 2 2023 (ANSWERS) 
 
Question 1 
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Question 2 
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Question 3 
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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...
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FAC1601 ASSIGNMENT 3 SEMESTER 1 2023 (366858)
- 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 [Course title] FAC1601 Assignment 3 Semester 1 2023 (366858)
- Exam (elaborations) • 17 pages • 2023
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FAC1601 
ASSIGNMENT 
 
[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 following extract of balances as...
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FAC1601 Assignment 5 (WORKINGS & ANSWERS)
- Exam (elaborations) • 19 pages • 2023
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FAC1601 ASSIGNMENT 5 SOLUTIONS 
PLEASE RUN THE ASSIGNMENT FOR AT LEAST 2 HOURS SO THAT YOU ARE NOT FLAGGED FOR POSSIBLE 
INFORMATION SHARING 
QUESTION 1 
Cash receipt from customers 
 2021 2022 Cash 
received 
from 
customers 
Items in statement of profit or loss and other 
comprehensive income 
 + Accrued 
income 
- Accrued 
income 
 
 - Income 
received in 
advance 
+ Income 
received 
in advance 
 
Revenue 805 800 + 83 300 - 92 700 796 400 
 
QUESTION 2 
Cash generated from operations 
Cash r...
Too much month left at the end of the money?
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FAC1601 ASSIGNMENT 3 SEMESTER
- Exam (elaborations) • 17 pages • 2023
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- R162,62
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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 3 (DETAILED ANSWERS) Semester 2 2023 - DUE 2 October 2023
- Exam (elaborations) • 26 pages • 2023
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- R51,91
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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...
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FAC1601 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 - DUE 11 September 2023.
- Exam (elaborations) • 11 pages • 2023
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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...
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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 
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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 Assignment 1 Semester 1 of 2021
- Exam (elaborations) • 4 pages • 2021
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FAC1601 Assignment 1 Semester 1 of 2021
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