FAC1502
FINANCIAL ACCOUNTING PRINCIPLES, CONCEPTS AND PROCEDURES
PAST EXAM PACK QUESTIONS AND ANSWERS
(2020 – 2014)
2020 MAY/JUNE EXAM QUESTIONS AND ANSWERS
2020 SUMMARISED NOTES
DISCLAIMER: Extreme care has been used to create this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted.
,1|Page
EXAMINATION PACK
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND
PROCEDURES
FAC1502
PAST PAPER SOLUTIONS
PRIM048 www.tutorialscampus.co.za +27 (71) 224 5255
,2|Page
PRIM048 www.tutorialscampus.co.za +27 (71) 224 5255
, OCTOBER/NOVEMBER 2018
QUESTION 1
(a)
Cash receipts journal
Details Bank
R
Subtotal 35350
Trade receivables control-Brookes 2110
Interest received 30
Correction of error-cheque633(510-
150) 360
Total 37850
Cash payments journal
Details Bank
R
Subtotal 32230
Cash
loss 22000
Bank charges 140
Trade receivables control-A Willson 250
Cash loss-Cheque no975 18000
Total 72620
(b) Bank Account
Date Details Amount Date Details Amount
2017 R 2017 R
1-Jan Balance b/d 3370 31-Dec Payments 72620
31-Dec Receipts 37850
Balance c/d 31400
72620 72620
2018
1-Jan Balance b/d 31400
FINANCIAL ACCOUNTING PRINCIPLES, CONCEPTS AND PROCEDURES
PAST EXAM PACK QUESTIONS AND ANSWERS
(2020 – 2014)
2020 MAY/JUNE EXAM QUESTIONS AND ANSWERS
2020 SUMMARISED NOTES
DISCLAIMER: Extreme care has been used to create this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. Directly submitting and/or reselling/ distribution / reproduction any part of this document is not permitted.
,1|Page
EXAMINATION PACK
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND
PROCEDURES
FAC1502
PAST PAPER SOLUTIONS
PRIM048 www.tutorialscampus.co.za +27 (71) 224 5255
,2|Page
PRIM048 www.tutorialscampus.co.za +27 (71) 224 5255
, OCTOBER/NOVEMBER 2018
QUESTION 1
(a)
Cash receipts journal
Details Bank
R
Subtotal 35350
Trade receivables control-Brookes 2110
Interest received 30
Correction of error-cheque633(510-
150) 360
Total 37850
Cash payments journal
Details Bank
R
Subtotal 32230
Cash
loss 22000
Bank charges 140
Trade receivables control-A Willson 250
Cash loss-Cheque no975 18000
Total 72620
(b) Bank Account
Date Details Amount Date Details Amount
2017 R 2017 R
1-Jan Balance b/d 3370 31-Dec Payments 72620
31-Dec Receipts 37850
Balance c/d 31400
72620 72620
2018
1-Jan Balance b/d 31400
