Accounting 200 - Study guides, Class notes & Summaries

FAC1602 Assignment 1 Semester 1 2024 (SOLUTIONS) Question 1 Answer saved Marked out of 6.50 Flag question Question text Mhlalkwana Dealers is in the business of selling leather jackets, at a price of R1 500 each, around the townships of KwaNdebele. The owner, Masango, was approached by a local clothing store called Thubana Clothing for a bulk sale. Mhlalkwana Dealers sold 18 jackets to Thubana Clothing on credit and this transaction was concluded on 31 October 2023. This transacti...

TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 - DUE 18 September 2023 100% TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance.......................... ..... QUESTION 1 (40 Marks) Tirisano (Pty) Ltd (“Tirisano”) is a South African resident company that specialises in the production of aluminium. The aluminium is sold mainly to aluminium window and door frame manufacturers as well other aluminium products manufacturers. The company is registered as ...

WGU C253 Advanced Managerial Accounting, Exam Questions and answers, Rated A+. VERIFIED. 2000 underapplied 900 (Debit COGS by 200 and credit MOH) 16600 (debit MOH 2000 and credit COGS 2000) $42.00 per machine-hour $359,520 $(1520) $3.40 per machine-hour $5094 $134,000 151000 Legal Services $3 / machine hour $4 142,000 Equivalent Units of Production: Material 9140 / Conversion 8650 Cost per equivalent unit: Material 10.514 / Conversion $17.422 Cost of units completed and tr...

Question 2 Not yet answered Marked out of 1.00 Flag question 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 Question 3 Not yet answered Marked out of 2.00 Flag question Question text Use the following information to answer the question below: SA Traders is a business that sells electronic equipment. The entity i...

Accounting 200 Exam 1; Questions & Answers 100% Verified account payable Correct answer-a liability backed by the general reputation and credit standing at the debtor. accounting Correct answer-the information system that measures business activities, processes that information into reports and financial statements, and communicates the results to decision makers. accounting equation Correct answer-assets=liabilities+owners equity asset Correct answer-an economic resource that is ex...

Accounting 200 - Exam 1 Prep Questions and Answers (100% Pass)

True or False: Corporations generally receive more favorable tax treatment than sole proprietorships and partnerships. Correct Answer-False In which forms of business organization are the owners personally liable for all the debts of the business? A) Sole proprietorships and corporations B) Sole proprietorships and partnerships C) Partnership and corporation D) All of the above Correct Answer-B) Sole proprietorships and partnerships Which of the following is NOT an external user of a...

Well-structured TAX3701 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!).. QUESTION 1 (35 marks, 63 minutes) Tau Steelworks (Pty) Ltd (Tau) is a South African company manufacturing a range of steel products used in building construction for the local and the export market. The company is not a small business corporation as defined and is also registered as a VAT vendor with the South African Revenue Service (SARS). The company’s pro...

Accounting 200 - Exam 1 Prep; Questions & Answers 100% Verified Which of the following is a characteristic of a sole proprietorship? Correct answer-The owner is personally responsible for the debts of the business even if the debts are more than the owner has invested in the business Select the financing activities from the list below. (Select all that apply.) Correct answer-- Issued Stock - Issued a Notes Payable