UNIVERSITY EXAMINATIONS
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UNISAI o{s$dE
FACl502 May/June 2018
RFAI5O2
SECOND PAPER
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
Duratron 2 Hours 100 Marks
EXAMINATION PANEL AS APPOINTEO BY THE OEPARTMENT
Use of a non-programmable pocket calculator rs permrssrble
Closed book examrnatron
Thrs eramrnatron queston paper remarns the property of the Unrversrty of South Afrrca and may not be
removed f:om the examlnatron venue
TURN OVER
, UNIVERSITY EXAM INATIONS
i.:ir.a;: tL:.n]:: ::
UNISAItr
FACl502 May/June 2018
RFA15O2
SECOND PAPER
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
Duratpn 2 Hours 100 Marks
EXAMINATION PANEL AS APPOINTED BY THE DEPARTMENT
Use of a non-programmable pocket calculator ls permtsgtble
Closed book examlnatron
Thrs examrnafuon questron paper remarns the propertyr of the Unrvere rty of South Afrrca and may not be
removed from the examlnatron venue
Thrs questron paper conssts of NINE (9) pages
PLEASE NOTE'
1 Thrs paper consrsts of FOUR (4) questrons
2 Ensure that you are wntrng the correct exarntnatton paoer
3 Ensure that you are handed the correct examrnatron answer book (BLUE for accountrng) by the
rnvrgrlator
4 All questrons must be answered
All calculatrons must be shown
6 The answer to each questlon m!.stcommence on a new (separate) page
7 Please wnte legrbly rn blue or black rnk
PROPOSED TIME-TABLE: devratrn from thrs as far as ble
TIME
QUESTION TOPIC MARKS (mrnutes)
1 Bank reconqhatron statement 22 26
Statement of finanqal posrtron and note for property, plant
2 43 52
and equrpment
? Trade recervables control and trade payables control
30 36
accounts
4 Multrple-chorce questrons - Theory 5 6
TOTAL 100 120
TURN OVER
, 2 FAC15O2
MAY/JUNE 2O1B
QUESTIONJ (22 marks)(26 minutes)
Commence thrs question on a new (separate) page.
The followrng rnformatron pertarns to Mrmosa One
Mrmosa One ts a medtum srzed busrness owned by Mrmosa Mrmosa rs solely responsrble for
recetvtng all the money and bankrng, wntrng out all the cheques and preparatron of accounttng records
of the busrness
BANK RECONCILIATION STATEMENT AS AT 30 SEPTEMBER 2017
R
Balance per bank statement 19 200
Outstandrng deposrts dated 28 September 22000
dated 30 September 1B 600
Cheques not yet presented for payment
No e61 ff,Untr €CO" 11 200
No 964 23 400
Favourable balance per bank account 57 200
0
Additonal informafton
1 On 31 October 2017 the balance on the bank statement was R52 000 (debrt) 6 Qnh{^gCC0
2 Only the outstandrng deposrt of R18 600 and cheque no 964 appeared on the October 2017
bank statement
3 The R22 000 dated 28 September 2017 had not been deposrted rnto the bank account and
Mmosa cannot account for the whereabouts of the cash The amount was clarmed from the
rnsurance company / k\0Le\ depOr;1 Cfl
4 The followrng (ems appeared on the October 2017 bank statement, but not rn the cash recerpts
purnal and cash payments yournal for October 2017
A drrect deposrt of R5 500 from a tenant/CRT
A drrect deposrt of R51 244 froma debtor, J Nardoo / C PJ
lnterest of R56 on thefavourable bank balance / Cfl..7
A drshonoured cheque, R410 recerved from a debtor, S Masemolo, rn settlement of hrs debt
of R415 J CP5
Bank charges of R2 620 V CpJ
5 The followrng rtems appeared rn the October 2017 cash recerpts ;ournal and cash payments
lournal, but not on the bank stalement for October 2017
A deposrt of R16 750 OO qdd tDSqnK i^QCCf\
Cheque no 965, R6 650 r\
Cheque no 979, R12 900 $
6 As rnternal audrtor you notrce that cheque no 975 for R18 000 appeared on the bank statement,
but not rn the cash payments lournal On rnvestrgaton you find that the busrness cheque (srgned
by Mrmosa) had been cashed by Mrmosa for hts own personal use V C f .f
7 Totals at 31 Oclober 2017 Mrmosa for hts own personal use
Cash recetptslournal, R368 000 CRJ
"
Cash paymentspurnal, R504 9701
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rruRN ovERI
Cq-
UNISAI o{s$dE
FACl502 May/June 2018
RFAI5O2
SECOND PAPER
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
Duratron 2 Hours 100 Marks
EXAMINATION PANEL AS APPOINTEO BY THE OEPARTMENT
Use of a non-programmable pocket calculator rs permrssrble
Closed book examrnatron
Thrs eramrnatron queston paper remarns the property of the Unrversrty of South Afrrca and may not be
removed f:om the examlnatron venue
TURN OVER
, UNIVERSITY EXAM INATIONS
i.:ir.a;: tL:.n]:: ::
UNISAItr
FACl502 May/June 2018
RFA15O2
SECOND PAPER
FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES
Duratpn 2 Hours 100 Marks
EXAMINATION PANEL AS APPOINTED BY THE DEPARTMENT
Use of a non-programmable pocket calculator ls permtsgtble
Closed book examlnatron
Thrs examrnafuon questron paper remarns the propertyr of the Unrvere rty of South Afrrca and may not be
removed from the examlnatron venue
Thrs questron paper conssts of NINE (9) pages
PLEASE NOTE'
1 Thrs paper consrsts of FOUR (4) questrons
2 Ensure that you are wntrng the correct exarntnatton paoer
3 Ensure that you are handed the correct examrnatron answer book (BLUE for accountrng) by the
rnvrgrlator
4 All questrons must be answered
All calculatrons must be shown
6 The answer to each questlon m!.stcommence on a new (separate) page
7 Please wnte legrbly rn blue or black rnk
PROPOSED TIME-TABLE: devratrn from thrs as far as ble
TIME
QUESTION TOPIC MARKS (mrnutes)
1 Bank reconqhatron statement 22 26
Statement of finanqal posrtron and note for property, plant
2 43 52
and equrpment
? Trade recervables control and trade payables control
30 36
accounts
4 Multrple-chorce questrons - Theory 5 6
TOTAL 100 120
TURN OVER
, 2 FAC15O2
MAY/JUNE 2O1B
QUESTIONJ (22 marks)(26 minutes)
Commence thrs question on a new (separate) page.
The followrng rnformatron pertarns to Mrmosa One
Mrmosa One ts a medtum srzed busrness owned by Mrmosa Mrmosa rs solely responsrble for
recetvtng all the money and bankrng, wntrng out all the cheques and preparatron of accounttng records
of the busrness
BANK RECONCILIATION STATEMENT AS AT 30 SEPTEMBER 2017
R
Balance per bank statement 19 200
Outstandrng deposrts dated 28 September 22000
dated 30 September 1B 600
Cheques not yet presented for payment
No e61 ff,Untr €CO" 11 200
No 964 23 400
Favourable balance per bank account 57 200
0
Additonal informafton
1 On 31 October 2017 the balance on the bank statement was R52 000 (debrt) 6 Qnh{^gCC0
2 Only the outstandrng deposrt of R18 600 and cheque no 964 appeared on the October 2017
bank statement
3 The R22 000 dated 28 September 2017 had not been deposrted rnto the bank account and
Mmosa cannot account for the whereabouts of the cash The amount was clarmed from the
rnsurance company / k\0Le\ depOr;1 Cfl
4 The followrng (ems appeared on the October 2017 bank statement, but not rn the cash recerpts
purnal and cash payments yournal for October 2017
A drrect deposrt of R5 500 from a tenant/CRT
A drrect deposrt of R51 244 froma debtor, J Nardoo / C PJ
lnterest of R56 on thefavourable bank balance / Cfl..7
A drshonoured cheque, R410 recerved from a debtor, S Masemolo, rn settlement of hrs debt
of R415 J CP5
Bank charges of R2 620 V CpJ
5 The followrng rtems appeared rn the October 2017 cash recerpts ;ournal and cash payments
lournal, but not on the bank stalement for October 2017
A deposrt of R16 750 OO qdd tDSqnK i^QCCf\
Cheque no 965, R6 650 r\
Cheque no 979, R12 900 $
6 As rnternal audrtor you notrce that cheque no 975 for R18 000 appeared on the bank statement,
but not rn the cash payments lournal On rnvestrgaton you find that the busrness cheque (srgned
by Mrmosa) had been cashed by Mrmosa for hts own personal use V C f .f
7 Totals at 31 Oclober 2017 Mrmosa for hts own personal use
Cash recetptslournal, R368 000 CRJ
"
Cash paymentspurnal, R504 9701
C?f
rruRN ovERI
