Fac2602 learning unit 6 Study guides, Study notes & Summaries

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............

FAC2602 Learning Unit 6 2022. FAC2602 - Selected Accounting Standards And Simple Group Structures The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation ...

FAC2602 Learning Unit 9 2022. FAC2602 - Selected Accounting Standards And Simple Group Structures. The following are the condensed financial statements of P Ltd and its subsidiary, S Ltd: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 20.7 P Ltd S Ltd R R ASSETS Property, plant and equipment Land at cost price 100 000 80 000 Plant at carrying amount 40 000 20 000 Investment in S Ltd at fair value 75 000 ordinary shares (cost price: R120 000) 120 000 - 20 000 preference shares (co...

Tutorial Letter 101/3/2022 Selected Accounting Standards and Simple Group Structures FAC2602 Semesters 1 and 2 Department of Financial Accounting IMPORTANT INFORMATION Please register on myUnisa, activate your myLife e-mail account and make sure that you have regular access to the myUnisa module website, FAC2602-2022-S1/S2, as well as your group website. Note: This is a fully online module. It is, therefore, only available on MyUnisa. FAC2602 101 2022 FAC2602/101/3/2022 2 CONTENTS ...

FAC2602 Learning Unit 6 2022. The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation 102 000 42 000 Staff costs 95 000 35 000 Interest paid on bank over...

FAC2602 Learning Unit 6 2022. The following are the trial balances of Sandy Ltd and South Ltd for the year ended 31 December 20.2: Sandy Ltd R South Ltd R Share capital - ordinary shares (800 000/355 000 shares) (800 000) (355 000) Retained earnings - 1 January 20.2 (480 000) (120 000) Gross profit (422 700) (166 200) Dividends received - 31 December 20.2 (23 800) - Auditors' remuneration 8 500 5 000 Depreciation 102 000 42 000 Staff costs 95 000 35 000 Interest paid on bank ove...

FAC2602 Learning Unit 6 2022

FAC2602 Learning Unit 9 2022. The following are the condensed financial statements of P Ltd and its subsidiary, S Ltd: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 20.7 P Ltd S Ltd R R ASSETS Property, plant and equipment Land at cost price 100 000 80 000 Plant at carrying amount 40 000 20 000 Investment in S Ltd at fair value 75 000 ordinary shares (cost price: R120 000) 120 000 - 20 000 preference shares (cost price: R25 000) 25 000 - Current account in S Ltd 8 000 - Invento...

FAC2602 Learning Unit 9 2022. Selected Accounting Standards And Simple Group Structures Learning_Unit. The following are the condensed financial statements of P Ltd and its subsidiary, S Ltd: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 20.7 P Ltd S Ltd R R ASSETS Property, plant and equipment Land at cost price 100 000 80 000 Plant at carrying amount 40 000 20 000 Investment in S Ltd at fair value 75 000 ordinary shares (cost price: R120 000) 120 000 - 20 000 preference shares ...