10/12/23, 1:15 PM FAC1502-23-S2: Assessment 4
UNISA 2023 FAC1502-23-S2 Welcome Message Assessment 4
QUIZ
Assessment 4
Opened: Monday, 9 October 2023, 8:00 PM
Closes: Monday, 16 October 2023, 11:00 PM
717806
Attempts allowed: 1
Time limit: 2 hours
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Marks / Grade /
State 85.00 100.00 Review Feedback
Finished Congratulations, you
Submitted Thursday, pass the assessment.
.,
PM
Your nal grade for this quiz is
Overall feedback
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No more attempts are allowed
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,10/12/23, 1:13 PM Assessment 4
Question 1
Not yet answered
Marked out of 5.00
The following information was obtained from the books
of Orange Traders:
TRIAL BALANCE OF ORANGE TRADERS AS AT 29 FEBRUARY 20.12
Debit Credit
R R
Capital.................................................................................................. - 100
Drawings.............................................................................................. 2 445 000
-
Land (at cost)....................................................................................... 120 000
Buildings (at cost)................................................................................ 80 000 -
Vehicles (at cost)................................................................................. 120 000 -
Furniture and fittings (at cost) ............................................................. 65 000 -
Accumulated depreciation on vehicles (1 March 20.11)..................... - -
54
Accumulated depreciation on furniture and fittings (1 March 20.11).. -
700
Trade receivables control.................................................................... 6 780
22
Inventory: Trading (1 March 20.11)..................................................... 13 550 700
Bank..................................................................................................... 7 775
-
Cash float............................................................................................. 500 -
Mortgage.............................................................................................. -
-
Loan from Africa Bank (@ 12% p.a.)................................................... - -
Trade payables control........................................................................ - 150
Sales.................................................................................................... - 000
Carriage on purchases........................................................................ 660 50
Commission income............................................................................ - 000
3 200
Credit losses........................................................................................ 244
Insurance............................................................................................. 2 400 243
645
Packing materials................................................................................ 3 300
-
Purchases............................................................................................ 154 880
15
Purchases returns................................................................................ - 000
Rent income......................................................................................... - -
Sales returns........................................................................................ 1 338
-
Settlement discount granted................................................................ 553 -
Settlement discount received.............................................................. -
-
Stationery............................................................................................. 2 345 245
Wages.................................................................................................. 56 775
3 300
Water and electricity............................................................................ 4 400 -
-
155
-
-
-
642 945 642
945
Additional information:
a. Inventory on hand at 29 February 20.12
Trading inventory – R12 800
Stationery – R345.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14129315&cmid=623193 2/15
,10/12/23, 1:13 PM Assessment 4
b. The insurance amount of R2 400 includes a
premium of R200 for March 20.12.
c. The loan was obtained from Africa Bank on 1
September 20.11. The interest on the loan has
still to be paid.
d. Rent income for February 20.12 is still
outstanding.
e. Provision must be made for depreciation as
follows:
Vehicles – 20% per annum on the diminishing
balance method.
Furniture and fittings – 10% per annum on the cost
price.
Use the information provided to prepare the asset
section of the statement of nancial position of
Orange Traders as at 29 February 20.12.
Instructions:
Drag the correct answer into the correct space.
An option can be used more than once.
If an options has been provided and it is not applicable
to the speci c questions please put a 0 in the amounts
column.
Keep the sequence strictly according to the
information given (under current assets bank should
be disclosed as the last item).
Non-current assets
Property, plant and equipment 288 040
Current assets
Land and buildings
Inventories 13 145
Current assets
Trade and other receivables 7 080
Cash float
Bank Prepayments 200
Accrued income
Cash and cash equivalent 8 275
Land, buildings and vehicles
Furniture and fittings
Trade receivables
Cash and cash equivalent
Accrued expenses
Trade and other receivables
Prepayments
Land, buildings, vehicles and furniture and fittings
Inventories
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14129315&cmid=623193 3/15
, 10/12/23, 1:13 PM Assessment 4
Consumable stores on hand
Trading inventory
Income received in advance
Trade receivables control
Non-current assets
Property, plant and equipment
13 145 345 13 895 7 080 2 400
385 000 265 300 200 000 12 800 58 275
2 200 500 307 600 300 3 600
13 550 3 300 8 275 7 775 200
6 780 7 280 288 040
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UNISA 2023 FAC1502-23-S2 Welcome Message Assessment 4
QUIZ
Assessment 4
Opened: Monday, 9 October 2023, 8:00 PM
Closes: Monday, 16 October 2023, 11:00 PM
717806
Attempts allowed: 1
Time limit: 2 hours
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Marks / Grade /
State 85.00 100.00 Review Feedback
Finished Congratulations, you
Submitted Thursday, pass the assessment.
.,
PM
Your nal grade for this quiz is
Overall feedback
Congratulations, you pass the assessment.
No more attempts are allowed
Back to the course
Contact us
Follow us
You are logged in as MONDLI DUNCAN NGUBANE (Log out)
Data retention summary
https://mymodules.dtls.unisa.ac.za/mod/quiz/view.php?id=623193 1/2
,10/12/23, 1:13 PM Assessment 4
Question 1
Not yet answered
Marked out of 5.00
The following information was obtained from the books
of Orange Traders:
TRIAL BALANCE OF ORANGE TRADERS AS AT 29 FEBRUARY 20.12
Debit Credit
R R
Capital.................................................................................................. - 100
Drawings.............................................................................................. 2 445 000
-
Land (at cost)....................................................................................... 120 000
Buildings (at cost)................................................................................ 80 000 -
Vehicles (at cost)................................................................................. 120 000 -
Furniture and fittings (at cost) ............................................................. 65 000 -
Accumulated depreciation on vehicles (1 March 20.11)..................... - -
54
Accumulated depreciation on furniture and fittings (1 March 20.11).. -
700
Trade receivables control.................................................................... 6 780
22
Inventory: Trading (1 March 20.11)..................................................... 13 550 700
Bank..................................................................................................... 7 775
-
Cash float............................................................................................. 500 -
Mortgage.............................................................................................. -
-
Loan from Africa Bank (@ 12% p.a.)................................................... - -
Trade payables control........................................................................ - 150
Sales.................................................................................................... - 000
Carriage on purchases........................................................................ 660 50
Commission income............................................................................ - 000
3 200
Credit losses........................................................................................ 244
Insurance............................................................................................. 2 400 243
645
Packing materials................................................................................ 3 300
-
Purchases............................................................................................ 154 880
15
Purchases returns................................................................................ - 000
Rent income......................................................................................... - -
Sales returns........................................................................................ 1 338
-
Settlement discount granted................................................................ 553 -
Settlement discount received.............................................................. -
-
Stationery............................................................................................. 2 345 245
Wages.................................................................................................. 56 775
3 300
Water and electricity............................................................................ 4 400 -
-
155
-
-
-
642 945 642
945
Additional information:
a. Inventory on hand at 29 February 20.12
Trading inventory – R12 800
Stationery – R345.
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14129315&cmid=623193 2/15
,10/12/23, 1:13 PM Assessment 4
b. The insurance amount of R2 400 includes a
premium of R200 for March 20.12.
c. The loan was obtained from Africa Bank on 1
September 20.11. The interest on the loan has
still to be paid.
d. Rent income for February 20.12 is still
outstanding.
e. Provision must be made for depreciation as
follows:
Vehicles – 20% per annum on the diminishing
balance method.
Furniture and fittings – 10% per annum on the cost
price.
Use the information provided to prepare the asset
section of the statement of nancial position of
Orange Traders as at 29 February 20.12.
Instructions:
Drag the correct answer into the correct space.
An option can be used more than once.
If an options has been provided and it is not applicable
to the speci c questions please put a 0 in the amounts
column.
Keep the sequence strictly according to the
information given (under current assets bank should
be disclosed as the last item).
Non-current assets
Property, plant and equipment 288 040
Current assets
Land and buildings
Inventories 13 145
Current assets
Trade and other receivables 7 080
Cash float
Bank Prepayments 200
Accrued income
Cash and cash equivalent 8 275
Land, buildings and vehicles
Furniture and fittings
Trade receivables
Cash and cash equivalent
Accrued expenses
Trade and other receivables
Prepayments
Land, buildings, vehicles and furniture and fittings
Inventories
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14129315&cmid=623193 3/15
, 10/12/23, 1:13 PM Assessment 4
Consumable stores on hand
Trading inventory
Income received in advance
Trade receivables control
Non-current assets
Property, plant and equipment
13 145 345 13 895 7 080 2 400
385 000 265 300 200 000 12 800 58 275
2 200 500 307 600 300 3 600
13 550 3 300 8 275 7 775 200
6 780 7 280 288 040
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14129315&cmid=623193 4/15
