Journal entry 1 Study guides, Class notes & Summaries
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FAC3701 Assignment 1 (WRITTEN) Semester 1 2024 - 1 DUE 1 April 2024
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FAC3701 Assignment 1 (WRITTEN) Semester 1 2024 - 1 DUE 1 April 2024 ............ 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . 
ASSESSMENT 01 (First semester) (30 marks) 
WRITTEN ASSESSMENT 
Ndlovu Jam Ltd is a company specializing in the manufacturing of various types of 
jams and sauces. 
The following is an extract of Ndlovu Jam Ltd’s trial balance for the year 
ended 31 December 2023: 
 Notes D...
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MAC2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (767154) - DUE 8 April 2024 ;
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MAC2601 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (767154) - DUE 8 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.......... Question 
1 
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Question 
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QUIZ 
When overhead costs are assigned to production during the month, the correct journal entry would be … 
a. 
Dr Work-in-Progress; Cr Production Overheads Clearance. 
b. 
Dr Production Overheads Cleara...
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FAC1503 ASSIGNMENT 8 FOR 2024 EXPECTED QUESTIONS AND ANSWERS
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Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...
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FAC1503 ASSIGNMENT 3 FOR 2024 - Distinction
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Question text 
The transactions are summarised in the ledgers and contain the information such as names of parties to the transaction, description of transactions, source document numbers etc. 
Select one: 
 True 
 False 
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Question text 
Use the following information to answer the question below: 
SA Traders is a business that sells electronic equipment. The entity i...
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FAC3701 ASSIGNMENT 1 SEMESTER 2 - 2023
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FAC3701 ASSIGNMENT 1 SEMESTER 2 - 2023 
 
CLOSING DATE: 01 SEPTEMBER 2023 
 
(a) Prepare the necessary journal entry in the accounting records of Brickblock Ltd to correctly record additional information (6) for the year ended 31 December 2022. 
 
(b) Disclose the income tax expense note (including the tax rate reconciliation, using R–values in the notes to the annual financial statements of Brickblock Ltd for the financial year ended 31 December 2022, according to the requirements of IAS 12, ...
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Intermediate Accounting J David Spiceland 10th Edition- Test Bank
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Intermediate Accounting, 10e (Spiceland) Chapter 2 Review of the Accounting Process 
1) Owners' equity can be expressed as assets minus liabilities. 
Answer: TRUE 
Difficulty: 1 Easy 
Topic: Accounting equation 
Learning Objective: 02-01 Understand routine economic events-transactions-and determine their effects on a company's financial position and on specific accounts. 
Bloom's: Remember 
AACSB: Reflective Thinking 
AICPA/Accessibility: BB Critical Thinking / Keyboard Navigation 
2) Debits ...
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AIS3702 Assignment 2 (COMPLETE ANSWERS) 2023 - DUE 28 July 2023
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AIS3702 Assignment 2 (COMPLETE ANSWERS) 2023 - DUE 28 July 2023 
 
Questions answered: 
 
9.5.2 Assignment 02 
PRACTICAL VERBAL SUBJECT HEADINGS 
Read study units 13-16 and do the examples as instructed at the end of each study unit. 
Study the examples in Tutorial Letter 103 (the workbook) and answer the questions after each 
section. Check your answers to determine your understanding. Read the explanations provided 
with the answers. Below is another example of the process: 
1. The Gospel a...
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AQA A-level ACCOUNTING 7127/1 Paper 1 Financial Accounting Version: 1.0 Final *jun237127101* IB/G/Jun23/E14 7127/1 A-level ACCOUNTING Paper 1 Financial AccountingQUESTION PAPER & MARKING SCHEME/ [MERGED] Mark scheme June 2023
- Exam (elaborations) • 67 pages • 2024
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AQA 
A-level 
ACCOUNTING 
7127/1 
Paper 1 Financial Accounting 
Version: 1.0 Final 
*jun* 
IB/G/Jun23/E14 7127/1 
A-level 
ACCOUNTING 
Paper 1 Financial Accounting 
Friday 26 May 2023 Morning Time allowed: 3 hours 
Materials 
For this paper you must have: 
• a calculator. 
Instructions 
• Use black ink or black ball-point pen. 
• Fill in the boxes at the top of this page. 
• Answer all questions. 
• You must answer the questions in the spaces provided. Do not write 
outside the box...
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COB 242 - Exam 1 Already Passed
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COB 242 - Exam 1 Already Passed Gross Margin % (Revenue - COGS) ÷ Revenue 
indicates how much of each sales dollar is left after deducting the cost of goods sold to cover expenses and provide a profit. 
Units: % 
Earnings Per Share (Net Income - Dividends on Preferred Stock) ÷ Average Outstanding Shares 
This measure indicates how much income was earned for each share of common stock outstanding. 
Units: $ 
Working Capital Current Assets - Current Liabilities 
measure of both a company's effi...
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FAC1601 Assignment 2 Semester 1 2023/2024 Update
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FAC1601 Assignment 2 Semester 1 2023/2024 Update 
FAC1601 Assignment 2 Semester 1 2023/2024 Update 
 
Question 1 
 Which of the following statements is correct: 
1. When revaluing an asset or liability in terms of a change in ownership structure, the current account is used. The current account is then closed off to the accounts of theexisting partners according to their existing profit-sharing ratio. 
2. The selling price of a partnership is determined by the cost price of the partnership. 
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