FAC1502 FINANCIAL ACCOUNTING PRINCIPLES Study guides, Class notes & Summaries
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FAC1502 FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS AND PROCEDURES UNIVERSITY OF SOUTH AFRICA (UNISA) SEMESTER 2 FINAL EXAM PREPARATION
- Exam (elaborations) • 61 pages • 2023
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FAC1502 FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS AND PROCEDURES UNIVERSITY OF SOUTH AFRICA (UNISA) SEMESTER 2 FINAL EXAM PREPARATION
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES
- Exam (elaborations) • 96 pages • 2023
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES 
N & N ENTERPRISES 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 
Revenue 500 000 
Cost of Sales (362 800) 
Opening Inventory 100 000 
Purchases (283 000 + 39 000 – 5 000) 317 000 
Freight charges on purchases 5 000 
Shipping Fees 2 800 
Import duties 3 300 
Delivery Fees 4 100 
Modification Costs 2 600 
Closing Inventory (72 000) 
Gross Profit 137 200 
Other Income 2 860 
Int...
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