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FAC2602 ASSIGNMENT 2 SEMESTER 2 2024 3. Use the scenario loaded under additional resources to answer the following question. The value of other expenses in the consolidated statements is: 1. R. R. R. R1 575 000$2.84
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Selected Accounting Standards and Simple Group Structures (FAC2602)
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FAC2602 ASSIGNMENT 2 SEMESTER 2 2024 3. Use the scenario loaded under additional resources to answer the following question. The value of other expenses in the consolidated statements is: 1. R. R. R. R1 575 000
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Course
Selected Accounting Standards and Simple Group Structures (FAC2602)
Institution
University Of South Africa (Unisa)
FAC2602 ASSIGNMENT 2 SEMESTER 2 2024
3. Use the scenario loaded under additional resources to answer the following question.
The value of other expenses in the consolidated statements is:
1.
R1 480 000
2.
R1 535 000
3.
R1 720 000
4.
R1 575 000
Selected Accounting Standards and Simple Group Structures (FAC2602)
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FAC2602
Assessment 2
Use the scenario loaded under additional resources to answer the following question.
The correct journal entry to eliminate the unrealised profit included in the opening inventory is:
1.
Retained earnings – Lex (R1 200 000 x 20/120)
Ltd..................
Cost of sales – Lex (R1 200 000 x
Ltd..................... 20/120)
2.
Retained earnings – E-Volvo (R1 200 000 x 20/120)
Ltd...........
Inventory – Lex (R1 200 000
Ltd........................... x 20/120)
3.
Cost of sales – Lex (R870 000 x 20/120)
Ltd..........................
Inventory E-Volvo (R870 000 x 20/120)
Ltd.......................
4.
Retained earnings – Lex (R1 200 000 x 20/120)
Ltd..................
Cost of sales – E- (R1 200 000
Volvo Ltd.............. x 20/120)
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