Fac1502 financial accounting principles concepts and procedures Study guides, Class notes & Summaries
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FAC1602 EXAM PACK 2023
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Introduction and overview of the module ......................................................... ii 
LEARNING UNIT 1 
Introduction to the preparation of financial statements .......................... 1 
LEARNING UNIT 2 
Financial statements of a sole proprietorship ........................................ 24 
LEARNING UNIT 3 
Establishment and financial statements of a partnership ...................... 46 
LEARNING UNIT 4 
Changes in the ownership structure of partnerships ..............
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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 FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS AND PROCEDURES UNIVERSITY OF SOUTH AFRICA (UNISA) SEMESTER 2 FINAL EXAM PREPARATION
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FAC1502 (Financial Accounting Principles, Concepts and Procedures) LATEST EXAM PACK ANSWERS 2023
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FAC1502 (Financial Accounting Principles, Concepts and Procedures) LATEST EXAM PACK ANSWERS 2023
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FAC1502 ASSIGNMENT 01 SOLUTIONS, SEMESTER 1, 2022
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FAC1502 - Financial Accounting Principles, Concepts And Procedures Assignment 01 Solutions (Distinction Guaranteed)
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fac1502_assignment_4_semester_1_2023_complete A+.
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13/05/2023, 21:04 
 
 
 
 
 
 
MENU 
 
Dashboard / My courses / FAC1502-23-S1 
/ WELCOME TO FAC1502 FINANCIAL ACCOUNTING 1: FINANCIAL ACCOUNTING CONCEPTS, PRINCIPLES AND PROCEDURES 
/ Assessment 4 
 
Not yet answered Marked out of 2.00 
 
 
Matties Discount Store sells furniture. They bought a laptop for the receptionist for R7 475 (including VAT) on credit from Diya Computers. The VAT rate is 15% and Matties Discount Store is a registered VAT vendor. 
Which one of the following entries in the b...
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FAC1502 EXAM PACK FINANCIAL ACCOUNTING PRINCIPLES CONCEPTS PROCEDURES
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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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FAC1502 ASSIGNMENT 2 SEMESTER 1 2023
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FAC1502 ASSIGNMENT 2 SEMESTER 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .
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FAC1502_EXAM_PACK___FINANCIAL_ACCOUNTING_PRINCIPLES__CONCEPTS___PROCEDURES__1
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FAC1502 EXAM PACK 
 
 
 
 
 
 
 
 
 
FINANCIAL ACCOUNTING PRINCIPLES, CONCEPTS & PROCEDURES 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MAY – JUNE 2023 
 
SOLUTION 1: STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME 
(a) N & N ENTERPRISES 
 
STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2015 
 
	R 
Revenue		500 000		 
Cost of Sales		(362 800)		 
Opening Inventory			100 000		 
Purchases (283 000 + 39 000 – 5 000)			317 000		 
Freight charges on purcha...
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FAC1502 Assignment 2 Semester 1 2023 (897389)
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FAC1502 Assignment 2 Semester 1 2023 () 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 .
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fAC1502 Study unit 5 2022 as per My Modules FAC1502 Study unit 5 2022 as per My Modules
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FAC1502 Study unit 5 2022 as per My Modules FAC1502 Study unit 5 
2022 as per My Modules 
lOMoARcPSD| 
Financial Accounting 1: 
Financial Accounting 
Concepts, Principles and 
Procedures 
COLLECTING AND PROCESSING THE 
ACCOUNTING DATA OF ENTITIES 
PART B 
FAC1502 
lOMoARcPSD| 
2 
TOPIC B 
COLLECTING AND PROCESSING THE 
ACCOUNTING DATA OF ENTITIES 
Learning outcome 
You should be able to collect, to process, to adjust (where necessary) and to record 
financial information in order to complete the...
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