100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
FAC1501 ASSIGNMENT 1 FOR 2ND SEMESTER 2024 $2.94   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Introductory Financial Accounting (FAC1501)

Other

FAC1501 ASSIGNMENT 1 FOR 2ND SEMESTER 2024
 62 views  3 purchases
  • Course
  • Introductory Financial Accounting (FAC1501)
  • Institution
  • University Of South Africa (Unisa)

The document contians two different attempts with distinctions obatined on both. Kindly note that the questions may differ and therefore the document may be used as a guideline. For direct assistance kindly contact us 0/6/3/1/7/3/8/1/8/1/ but the fee differs.

Preview 2 out of 15  pages

Document information

  • August 29, 2024
  • 15
  • 2024/2025
  • Other
  • Unknown

Subjects

  • 2024

Written for

  • University of South Africa (Unisa)
  • Introductory Financial Accounting (FAC1501)
All documents for this subject (87)

Seller

avatar-seller
FENDTUTORIALS

Reviews received

Content preview

FAC1501
ASSIGNMENT 1 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Summary of your previous attempts

Marks / Grade /
Attempt State 25.00 100.00 Review Feedback
1 FinishedSubmitted Thursday, 29 August 2024, 22.00 88.00 Congratulations,
9:49 AM the good work.
Highest grade: 88..00.

Overall feedback

Congratulations, you passed this assessment with a distinction. Keep up the good work.


Question 1
Not yet answered
Marked out of 6.00

Flag question

Question text
Raphulu Spaza is situated in the Limpopo province. The Spaza shop is not a registered VAT vendor
and applies the principles of the perpetual inventory system. After a recent robbery, the owner
of Raphulu Spaza decided to run his business cashless and opened a bank account with Savers Bank.
During the month of January 2024, Raphulu Spaza maintained an unfavourable bank balance.


On 28 January 2024 Raphulu Spaza purchased new shelves for the shop for R9 830 and paid with an
electronic funds transfer.


REQUIRED:
Analyse the transaction of Raphulu Spaza that took place on 28 January 2024 in tabular format
as follows:


Account to Element Account to Element
Date Amount Amount
be debited debited be credited credited

Example: May 2 Raphulu Spaza purchased inventory for the amount of R5 000 and
paid cash. Raphulu Spaza makes use of the periodic inventory system.
R R
May 2 Purchases -5 000 Equity Bank -5 000 Asset


Complete the table below by selecting the account to be debited, the account to
be credited and the element affected on the statement of Financial position


Whatsapp Marlvin @ +2763 173 8181

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller FENDTUTORIALS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.94. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.94  3x  sold
  • (0)
  Add to cart