Fac2601 semester 1 2019 Study guides, Study notes & Summaries

FAC2601 Assignment 2 Semester 2 Solutions 2022 FAC2601 - Financial Accounting And Reporting The following information was extracted from the accounting records of Sankofa Ltd on 30 June 2020: R Inventories (additional information 3) 305 300 Trade and other receivables 220 000 Trade and other payables 35 000 Dividends payable 5 000 Bank 23 000 Retained earnings (30/06/2019) 49 800 Long-term loan – Kwasi Ltd (additional information 4) 950 000 Land at cost 1 000 000 Buildings at cos...

FAC2601 Assignment 2 Semester 2 Solutions 2022.SECOND SEMESTER 2022 ASSIGNMENT 02 (30 marks) (36 minutes) The following information was extracted from the accounting records of Sankofa Ltd on 30 June 2020: R Inventories (additional information 3) 305 300 Trade and other receivables 220 000 Trade and other payables 35 000 Dividends payable 5 000 Bank 23 000 Retained earnings (30/06/2019) 49 800 Long-term loan – Kwasi Ltd (additional information 4) 950 000 Land at cost 1 000 000 ...

FAC2601 Assignment 2 Semester 2 Solutions 2022 FAC2601 - Financial Accounting And Reporting The following information was extracted from the accounting records of Sankofa Ltd on 30 June 2020: R Inventories (additional information 3) 305 300 Trade and other receivables 220 000 Trade and other payables 35 000 Dividends payable 5 000 Bank 23 000 Retained earnings (30/06/2019) 49 800 Long-term loan – Kwasi Ltd (additional information 4) 950 000 Land at cost 1 000 000 Buildings at cos...

FAC2601 Assignment 2 Semester 2 Solutions 2022 FAC2601 - Financial Accounting And Reporting The following information was extracted from the accounting records of Sankofa Ltd on 30 June 2020: R Inventories (additional information 3) 305 300 Trade and other receivables 220 000 Trade and other payables 35 000 Dividends payable 5 000 Bank 23 000 Retained earnings (30/06/2019) 49 800 Long-term loan – Kwasi Ltd (additional information 4) 950 000 Land at cost 1 000 000 Buildings at cos...

FAC2601 FINANCIAL ACCOUNTING FOR COMPANIESThe 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 issued at R2.70 each) The following decision was taken and has not yet been recorded in the accounting records of Vusi Ltd as at 31 October 2020: The directors decided on a capitalisation share issue of 1 share f...

FAC2601 - Financial Accounting For Companies Semesters 1 and 2 3/2022. FIRST SEMESTER 2022 ASSIGNMENT 02 (30 marks) (36 minutes) 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 Jul...

FAC2601 ASSIGNMENT 02 SEMESTER 1 & 2 2021 VERIFIED. PART A DILATA Ltd Statement of financial position as at 30 June 2020 1. NOTE: PROPERTY, PLANT & EQUIPMENT Land Factory & Office buildings Machinery & Equipment Motor vehicles Total Balance at the beginning 1 JUL 2019 1 000 000 2 328 000 1 920 000 410 000 5 658 000 Cost 1 000 000 2 400 000 3 000 000 645 715 7 045 715 Accumulated depreciation - (72 000) (1 080 000) (235 715) (1 387 715) Revaluation 500 000 - - - 500 00...

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...

FAC2601 ASSIGNMENT 2 SEMESTER 1 - 2022 | Prepare the “Asset” section of the Statement of financial position of Laduma Ltd as at 30 June 2019, in compliance with International Financial Reporting Standards (IFRS). 3 LADUMA LTD STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2019 Assets R Non-current Assets Property Plant and Equipment 4 324 875 Investment in Subsidiary 45 000 Current Assets Inventory 723 000 Trade and Other Receivables

FAC2601 ASSIGNMENT 02 SEMESTER 1 & 2 PART A DILATA Ltd Statement of financial position as at 30 June 2020 1. NOTE: PROPERTY, PLANT & EQUIPMENT Land Factory & Office buildings Machinery & Equipment Motor vehicles Total Balance at the beginning 1 JUL 2019 1 000 000 2 328 000 1 920 000 410 000 5 658 000 Cost 1 000 000 2 400 000 3 000 000 645 715 7 045 715 Accumulated depreciation - (72 000) (1 080 000) (235 715) (1 387 715) Revaluation 500 000 - - - 500 000 Additions at ...