, 3/13/25, 4:29 PM Assessment 1 (page 1 of 2)
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 1
QUIZ
Assessment 1
Back
Time left 0:20:15
Question 1 On 1 February 2025, O Ramaoka a sole proprietor opened a computer shop, Big Ram Computing. The
Answer saved entity is registered as a VAT vendor and the applicable VAT rate is 15%.
Marked out of On 15 February 2025, Big Ram Computing completed repairs on a server of a client and invoiced R14
5.00 100 (VAT exclusive) for the services rendered. The client paid immediately with a debit card and a
receipt was issued.
Flag question
Required:
Complete the amounts on the below source document relating to the provided transaction.
Instructions for numeric responses:
1. If any of the numerical responses should be zero, please enter "0" in the block provided
2. Round off to the second decimal after the full stop (eg: 50.56)
Duplicate receipt
No. 0003 Date: 15 February 2025
Received from: B Mooketsi
R c
Amount:
Rand: Sixteen thousand two hundred and fifteen
Cent: None
16215 0
For: Services rendered (Cash)
Big Ram Computing
Signature: V van Wyk
Question 2 Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from
Answer saved the accounting records of SA Traders:
Marked out of Land and buildings - R1 340 000
3.00 Trade receivables - R44 800
Accrued income - R13 780
Flag question
Mortgage loan - R830 500
Favourable bank balance - R22 068
Determine the net worth of SA Traders as at 31 March 2024 by making use of the basic accounting
equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg:
-12141.72)
Answer: 590148
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24395492&cmid=1084941 1/4
UNISA 2025 FAC1501-25-S1 Welcome Message Assessment 1
QUIZ
Assessment 1
Back
Time left 0:20:15
Question 1 On 1 February 2025, O Ramaoka a sole proprietor opened a computer shop, Big Ram Computing. The
Answer saved entity is registered as a VAT vendor and the applicable VAT rate is 15%.
Marked out of On 15 February 2025, Big Ram Computing completed repairs on a server of a client and invoiced R14
5.00 100 (VAT exclusive) for the services rendered. The client paid immediately with a debit card and a
receipt was issued.
Flag question
Required:
Complete the amounts on the below source document relating to the provided transaction.
Instructions for numeric responses:
1. If any of the numerical responses should be zero, please enter "0" in the block provided
2. Round off to the second decimal after the full stop (eg: 50.56)
Duplicate receipt
No. 0003 Date: 15 February 2025
Received from: B Mooketsi
R c
Amount:
Rand: Sixteen thousand two hundred and fifteen
Cent: None
16215 0
For: Services rendered (Cash)
Big Ram Computing
Signature: V van Wyk
Question 2 Mr S Africa is the owner of SA Traders. On 31 March 2024, the following list of balances was extracted from
Answer saved the accounting records of SA Traders:
Marked out of Land and buildings - R1 340 000
3.00 Trade receivables - R44 800
Accrued income - R13 780
Flag question
Mortgage loan - R830 500
Favourable bank balance - R22 068
Determine the net worth of SA Traders as at 31 March 2024 by making use of the basic accounting
equation.
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
5. If the net effect on the accounting equation is a decrease, please enter the amount as a negative (eg:
-12141.72)
Answer: 590148
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=24395492&cmid=1084941 1/4
