FAC1502 Assignment 1 Due 19
March 2024
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UNISA
FAC1502
ASSIGNMENT 1
2024
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
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MENU
Dashboard / My courses / FAC1502-22-S1
Started on
/ WELCOME Friday, 11
TO FAC1502 March 2022,
FINANCIAL 7:50 PM 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
ACCOUNTING
State Finished
/ Assessment 1
Completed on Friday, 11 March 2022, 8:24 PM
Time taken 34 mins 45 secs
Marks 88.00/100.00
Grade 80.00 out of 100.00
Feedback Congratulations, you pass the assessment with a distinction.
Question 1
Answer saved
Marked out of 2.00
You are given the following information for Sibas Nail Bar: R
Equipment……………………………………………........................................................... 59 771
Manicure tables and chairs………………………………….......................................... 7 969
Inventory……………………………………………………….................................................... 19 923
Clients owing Sibas Nail Bar…………………………………………................................. 9 961
Sibas Nail Bar owes Salon Suppliers…………………………………….......................... 29 886
Bank overdraft……………………………………………………............................................... 5 977
The total current assets of Sibas Nail Bar will be …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 29884
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Distribution of this document is illegal R13,625 per year?
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Question 2
Answer saved
Marked out of 2.00
You are given the following information for Sibas Nail Bar: R
Equipment…………………………………...................................................................... 149 500
Manicure tables and chairs……………………………….............................................. 4 600
Inventory………………………………………….................................................................. 11 500
Clients owing Sibas Nail Bar……………………………………...................................... 28 750
Sibas Nail Bar owes Salon Suppliers………………………………………...................... 86 250
Bank ………………………………………......................................................................... 14 950
Short term loan…………………………………………....................................................... 57 500
Sibas Nail Bar equity will be…
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 65550
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
March 2024
written by
TutorHive
www.stuvia.com
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
UNISA
FAC1502
ASSIGNMENT 1
2024
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
MENU
Dashboard / My courses / FAC1502-22-S1
Started on
/ WELCOME Friday, 11
TO FAC1502 March 2022,
FINANCIAL 7:50 PM 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
ACCOUNTING
State Finished
/ Assessment 1
Completed on Friday, 11 March 2022, 8:24 PM
Time taken 34 mins 45 secs
Marks 88.00/100.00
Grade 80.00 out of 100.00
Feedback Congratulations, you pass the assessment with a distinction.
Question 1
Answer saved
Marked out of 2.00
You are given the following information for Sibas Nail Bar: R
Equipment……………………………………………........................................................... 59 771
Manicure tables and chairs………………………………….......................................... 7 969
Inventory……………………………………………………….................................................... 19 923
Clients owing Sibas Nail Bar…………………………………………................................. 9 961
Sibas Nail Bar owes Salon Suppliers…………………………………….......................... 29 886
Bank overdraft……………………………………………………............................................... 5 977
The total current assets of Sibas Nail Bar will be …
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 29884
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
, Stuvia.com - The study-notes marketplace
Question 2
Answer saved
Marked out of 2.00
You are given the following information for Sibas Nail Bar: R
Equipment…………………………………...................................................................... 149 500
Manicure tables and chairs……………………………….............................................. 4 600
Inventory………………………………………….................................................................. 11 500
Clients owing Sibas Nail Bar……………………………………...................................... 28 750
Sibas Nail Bar owes Salon Suppliers………………………………………...................... 86 250
Bank ………………………………………......................................................................... 14 950
Short term loan…………………………………………....................................................... 57 500
Sibas Nail Bar equity will be…
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
Answer: 65550
Downloaded by: khmu | Want to earn
Distribution of this document is illegal R13,625 per year?
