10/10/24, 11:33 Assessment 3 Attempt
PM review 2
8/14/22, 6:38 PM Assessment 3: Attempt review
MENU
Dashboard / My courses / FAC1502-22-S1
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
/ Assessment 3
Time taken 9 mins 15 secs
Marks 37.00/41.00
Grade 90.24 out of 100.00
Feedback Congratulations, you pass the assessment with a distinction.
Question 1
Incorrect
Mark 0.00 out of 1.00
Indicate whether the following statement is true or false:
The statement of financial position is prepared to reflect the financial position of the business over a specific period.
Select
one: True
False
The correct answer is 'False'.
Question 2
Incorrect
Mark 0.00 out of 1.00
Indicate whether the following statement is true or false:
The historical cost of asset and liabilities are increased if they become impaired or onerous.
Select
one: True
False
The correct answer is 'False'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2886923&cmid=117745 1/19
about:bl 1/
,10/10/24, 11:33 Assessment 3 Attempt
PM review 2
8/14/22, 6:38 PM Assessment 3: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Dashboard / My courses / FAC1502-22-S1
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
/ Assessment 3
Select
one:
True
False
ü
The correct answer is 'False'.
Question 4
Correct
Mark 1.00 out of 1.00
If the closing balance of the VAT input account and VAT output account for the month ended 31 December 20.20 amount to R4
566 and R16 780, respectively. Is the following statement true or false about the VAT control account for the month ended 31
December 20.20.
The VAT control account will be debited with the amount of the VAT input account of R4 566 and credited with the amount of
the VAT output account of R16 780.
Select
one:
True
ü
False
The correct answer is 'True'.
about:bl 2/
, 10/10/24, 11:33 Assessment 3 Attempt
PM https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2886923&cmid=117745
review 2 2/19
about:bl 3/
PM review 2
8/14/22, 6:38 PM Assessment 3: Attempt review
MENU
Dashboard / My courses / FAC1502-22-S1
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
/ Assessment 3
Time taken 9 mins 15 secs
Marks 37.00/41.00
Grade 90.24 out of 100.00
Feedback Congratulations, you pass the assessment with a distinction.
Question 1
Incorrect
Mark 0.00 out of 1.00
Indicate whether the following statement is true or false:
The statement of financial position is prepared to reflect the financial position of the business over a specific period.
Select
one: True
False
The correct answer is 'False'.
Question 2
Incorrect
Mark 0.00 out of 1.00
Indicate whether the following statement is true or false:
The historical cost of asset and liabilities are increased if they become impaired or onerous.
Select
one: True
False
The correct answer is 'False'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2886923&cmid=117745 1/19
about:bl 1/
,10/10/24, 11:33 Assessment 3 Attempt
PM review 2
8/14/22, 6:38 PM Assessment 3: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Dashboard / My courses / FAC1502-22-S1
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
/ Assessment 3
Select
one:
True
False
ü
The correct answer is 'False'.
Question 4
Correct
Mark 1.00 out of 1.00
If the closing balance of the VAT input account and VAT output account for the month ended 31 December 20.20 amount to R4
566 and R16 780, respectively. Is the following statement true or false about the VAT control account for the month ended 31
December 20.20.
The VAT control account will be debited with the amount of the VAT input account of R4 566 and credited with the amount of
the VAT output account of R16 780.
Select
one:
True
ü
False
The correct answer is 'True'.
about:bl 2/
, 10/10/24, 11:33 Assessment 3 Attempt
PM https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2886923&cmid=117745
review 2 2/19
about:bl 3/
