StudyNotesWiki

Hey all...
who els is going to take FAC 1502 this semester (2, 2011)??

Please add me on 49356097@mylife.unisa.co.za

I have a new text book which im selling for FAC1501, you can mail me with your contact numbers to 48043761@mylife.unisa.ac.za

I'm taking this subject in this semester. (2.2011)

charmwiggett@gmail.com

Thanks Charmaine

Hello Everybody:)

Is anyone finished whith the 1st assignment?

These are my answers if anyone would like to compare answers:

1.4
2.2
3.1
4.4
5.1
6.2
7.?
8.3
9.1
10.2
11.1
12.3
13.3
14.4
15.2
16.3
17.?
18.?
19.?
20.?

Still working on hte other with question marks.

wow thank you...will go through it...and let you know the ones that differ...I am finding the last 5 or so VERY hard!!!!

please contact me on 49356097@mylife.unisa.as.ca

I'll do this assignment on Monday and get back to you guys! Hang in there, there is still time!

I am also doing it failed last semester

busy with assingment ,I have a suggestion if you dont mind what about we take questions one by one
and do some working and show how did we come up with answers (assignment 1)

Tuswan

tuswan wrote:
I am also doing it failed last semester

busy with assingment ,I have a suggestion if you dont mind what about we take questions one by one
and do some working and show how did we come up with answers (assignment 1)

Tuswan

Hi! Stick with us and we'll help you every step of the way. On Monday I'll post my first answer and explanations and we can discuss it then.

@ Charmaine thanking u in advance

I'm also doing this subject this semester and would really like participate in your discussions.

Kind regards,
Lungile

Hi guys! Doing this subject as well this semester and don't intend failing it . I would also like to participate in the discusiions and forums in future if thats all right?

Hi All

I'm new at everything... First time student and I will be following your posts for a while, trying to learn as much as I can from you guys if you don't mind. I am doing the following modules this semester: FAC1502, ECS1501, MNB1501, INM1013 and INM1024 would apreciate any help anyone could offer to me.

Thanks
Mongs

gracelyla wrote:

1st assignment?

1.4
2.2
3.1
4.4
5.1
6.2


1. 4
(ii) True see page 9 (1.7) in the textbook
(v) true see 1.1 (Page 4 in study guide) paragraph 3
(vi) Page 40 Textbook

2. Will come back to this one

3. 1 Page 23 2.3.2 (Textbook)

4. 4
(1) Purchasesreturn journal will change Creditorscontrol, sales returnjournal will have a influence on Debitors.
(2) Goods for cash goes into Bank and Sales (No influence on debtors)
(3) Debtors gets a Crefitnote and not debitnote
(4) P berry is a debitor therefore debitors: P Berry's account needs to be debited with R300

5. 4
Assets = Liabilities + Equity
-500 (Asset thats sold) / +750 (Debtors: Alpha Bpk) = 0 + (+) 250 (Profit)

6. 2
Assets = Liabilities + Equity
(i) +3000 (Bank)/ - 3000 (Debtors) = 0 + 0
(ii) -2500 (Bank) = 0 + (-)2500 (Expences)(iii) -3000 (Bank) = -3000 (Creditors) + 0
(iv) -4000 (Bank)/ + 4 000 (Assets) = 0 + 0

Please give feedback on answers.

hi

Also doing human resource. I have a few old exam papers if you can pop me a mail i will mail them to you.deirdre.meyer@murrob.com

Hi guys,

Here are my answers (the ones I could figure out anyway). Please feel free to suggest any corrections - the last time I did accounting was 15 years ago!

I agree with Charmaine's answers in the previous post.


2. 3
Option (ii) is incorrect (pg 24 of textbook - the statement refers to neutrality)


8. 2

80 000
---------------------------20 000
28 000
--------------------------40 000
--------------------------10 000
---------------------------5 000
3 000
83 000
--------------------------150 000
--------------------------50 000

So difference of R81 000 is the Bank


9. 4
Pg 93 of textbook


10. 2
pg 63 of Study guide


11. 1
pg 127 of textbook


12. 3 (?)
I'm not sure about this one. How would the policy taken out on 31 December affect the Income Statement if it's for the year ended 31 December?


13. 3
R2400 fee received less rent paid in advance (R600) = R 1800 profit


14. 4

1. 2 Agree
2. 3
(iv) Incorrect. Page 24 textbook. Prudence is a qualitative factor.
(iii) Correct. Page 24 and 25 textbook.
(ii) Correct. Page 10 (1.11) textbook
(i) Correct. Page10 textbook.
3. 1 Agree
4. 4 Agree
5. 4 Agree
6. 2 Agree

Hey There

I'm doing my FAC1502 this semester as well. I'm employed full time and would like to participate in your group as well.
I'll be starting today with assignment 1. Only receiving textbook today.

Hi I have done upto Q10

1.2
2.3
3.1
4.4
5.4
6.2
7.need to work this one out as I think its 4 but not sure
8.2
9..4
10.2

hi guys ,
I'm new at this just joined the site , this is my second try at Fac1502 , so look forward to comparing answers.

Thanks

Hi selling this textbook if anybody needs.
johannesburg.gumtree.co.za/c-ViewAd?AdId...IVEMXAdIdMZ299067716

Contact me on 0835573094