FAC1501 ASSINGMENT 2 SEMESTER 2 DUE ON 14 AUGUST 2023

Time limit:40 mins

Grade to pass: 50.00 out of 100.00


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submittedFriday,11 August 2023 503




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, Question 1
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In the financial statements, vehicles will be classified as?

Select one:
a. Current assets
b. Non-current liabilities
c. Non-current assets
d. Current liabilities

Clear my choice




Question 2
Answer saved
Marked out of 2.00




SA Electric (registered VAT vendor), needs to charge fees for the amount of R2 625 (including VAT) to the
client account of Mr A South.
What will the total amount be that should be recorded on the invoice before VAT is added?


Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)


Answer: 2282.61