FAC3764
Assessment 9
10 October 2023
Question 1
a) Prepare all relevant general journal entries to correctly account for the
manufacturing plant in Kalkfontein, in the accounting records of Khoro Limited for the
year ended 30 September 2023.
1. Initial Acquisition:
• Debit Manufacturing Plant (Property, Plant, and Equipment) for
R3,500,000 (Land Cost)
• Credit Cash for R3,500,000 (Land Purchase)
2. Construction Costs:
Assessment 9
10 October 2023
Question 1
a) Prepare all relevant general journal entries to correctly account for the
manufacturing plant in Kalkfontein, in the accounting records of Khoro Limited for the
year ended 30 September 2023.
1. Initial Acquisition:
• Debit Manufacturing Plant (Property, Plant, and Equipment) for
R3,500,000 (Land Cost)
• Credit Cash for R3,500,000 (Land Purchase)
2. Construction Costs:
