FAC 1601 (FAC1601)
University of South Africa
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Exam (elaborations)
FAC1601 Assignment 5 (WORKINGS & ANSWERS)
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---19June 20232022/2023A+
- FAC1601 ASSIGNMENT 5 SOLUTIONS 
PLEASE RUN THE ASSIGNMENT FOR AT LEAST 2 HOURS SO THAT YOU ARE NOT FLAGGED FOR POSSIBLE 
INFORMATION SHARING 
QUESTION 1 
Cash receipt from customers 
 2021 2022 Cash 
received 
from 
customers 
Items in statement of profit or loss and other 
comprehensive income 
 + Accrued 
income 
- Accrued 
income 
 
 - Income 
received in 
advance 
+ Income 
received 
in advance 
 
Revenue 805 800 + 83 300 - 92 700 796 400 
 
QUESTION 2 
Cash generated from operations 
Cash r...
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$4.00 More Info
vinimusic254
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Exam (elaborations)
FAC 1601 financial accounting REVISION QUESTIONS
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---69October 20222022/2023A+
- FAC 1601 financial accounting REVISION QUESTIONS 
Contents 
Statement of Profit or Loss and Other Comprehensive Income	2 
Partnership Change in Ownership Structure	4 
Close Corporation	5 
Company Issue of Shares	7 
Close corporation: Statement of cash flows	9 
Analysis and interpretation of financial statements	10 
Dependent branches: Branch inventory account	12 
Time value of money	13 
Partnerships: Calculation of total comprehensive income	14 
Partnerships: Liquidation of ...
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$6.00 More Info
codersimon