Fac1502 financial accounting principles concepts and procedures Study guides, Study notes & Summaries
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FAC1602 EXAM PACK 2023
- Exam (elaborations) • 188 pages • 2023
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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 ..............
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FAC1502 FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS AND PROCEDURES UNIVERSITY OF SOUTH AFRICA (UNISA) SEMESTER 2 FINAL EXAM PREPARATION
- Exam (elaborations) • 61 pages • 2023
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FAC1502 FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS AND PROCEDURES UNIVERSITY OF SOUTH AFRICA (UNISA) SEMESTER 2 FINAL EXAM PREPARATION
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FAC1502 (Financial Accounting Principles, Concepts and Procedures) LATEST EXAM PACK ANSWERS 2023
- Exam (elaborations) • 408 pages • 2023
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FAC1502 (Financial Accounting Principles, Concepts and Procedures) LATEST EXAM PACK ANSWERS 2023
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FAC1502 ASSIGNMENT 01 SOLUTIONS, SEMESTER 1, 2022
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FAC1502 - Financial Accounting Principles, Concepts And Procedures Assignment 01 Solutions (Distinction Guaranteed)
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FAC1502 SUMMARY STUDY NOTES.
- Summary • 157 pages • 2022
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FAC1502 SUMMARY STUDY NOTES. 
This is an all-inclusive guide to FAC1502 - Financial Accounting Principles, Concepts And Procedures. 
FINANCIAL PERFORMANCE AND THE EFFECT ON EQUITY 
The equations: 
Profit = I –E 
OE = C + (I-E) –D 
The Elements of the equation 
Income 
 Inflow of economic benefits (not from the owner) 
 Increase in assets or decrease in liabilities – THEREFORE 
Expenses 
 Outflow of economic benefits (not to the owner) 
 Decrease in assets or increase in liabili...
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fac1502_assignment_4_semester_1_2023_complete A+.
- Exam (elaborations) • 39 pages • 2023
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13/05/2023, 21:04 
 
 
 
 
 
 
MENU 
 
Dashboard / My courses / FAC1502-23-S1 
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES 
/ Assessment 4 
 
Not yet answered Marked out of 2.00 
 
 
Matties Discount Store sells furniture. They bought a laptop for the receptionist for R7 475 (including VAT) on credit from Diya Computers. The VAT rate is 15% and Matties Discount Store is a registered VAT vendor. 
Which one of the following entries in the b...
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES
- Exam (elaborations) • 96 pages • 2023
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES 
N & N ENTERPRISES 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 
Revenue 500 000 
Cost of Sales (362 800) 
Opening Inventory 100 000 
Purchases (283 000 + 39 000 – 5 000) 317 000 
Freight charges on purchases 5 000 
Shipping Fees 2 800 
Import duties 3 300 
Delivery Fees 4 100 
Modification Costs 2 600 
Closing Inventory (72 000) 
Gross Profit 137 200 
Other Income 2 860 
Int...
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FAC1502 ASSIGNMENT 2 SEMESTER 1 2023
- Exam (elaborations) • 68 pages • 2023
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FAC1502 ASSIGNMENT 2 SEMESTER 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .
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FAC1502_EXAM_PACK___FINANCIAL_ACCOUNTING_PRINCIPLES__CONCEPTS___PROCEDURES__1
- Exam (elaborations) • 96 pages • 2023
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FAC1502 EXAM PACK 
 
 
 
 
 
 
 
 
 
FINANCIAL ACCOUNTING PRINCIPLES, CONCEPTS & PROCEDURES 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MAY – JUNE 2023 
 
SOLUTION 1: STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME 
(a) N & N ENTERPRISES 
 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 
 
	R 
Revenue		500 000		 
Cost of Sales		(362 800)		 
Opening Inventory			100 000		 
Purchases (283 000 + 39 000 – 5 000)			317 000		 
Freight charges on purcha...
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FAC1502 Assignment 2 Semester 1 2023 (897389)
- Exam (elaborations) • 68 pages • 2023
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FAC1502 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .
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