23/05/2026, 10:34 FAC1501-Exam May/June 2026 (page 1 of 6)
Question 1
Answer saved
Honest Bookkeeping Services provides bookkeeping services to a variety of small businesses. Honest Bookkeeping
Services is not a registered VAT vendor.
Marked out of
On 30 June 2025, the financial year-end of Honest Bookkeeping Services, the following accounts with balances and
8.00 totals appeared in the general ledger:
Dashboard Calendar
Balances
Dashboard / My courses and totals at 30/ June
/ FAC1501-26-EX06 2025 Message / FAC1501-Exam May/June 2026
Welcome
R
Capital 329 500
Drawings 31 950
Land and buildings 225 325
Furniture and equipment 90 750
Trade receivables control 18 700
Bank (Dr) 12 970
Trade payables control 21 265
Services income 1 024 450
Cost of services 590 100
Interest income 4 220
Water and electricity 25 370
Telephone expenses 22 615
Salaries 115 250
Stationery 41 145
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=454021&cmid=72841 2/4
, 23/05/2026, 10:34 FAC1501-Exam May/June 2026 (page 1 of 6)
Additional information:
The following adjustments must still be done:
1. The owner of Honest Bookkeeping Services noted at year-end that bookkeeping services valued at R25 325, that
were completed before year-end, were not invoiced before year-end.
Dashboard Calendar
The related cost of services have been recorded at year-end.
Dashboard / My courses
2. By/analysing
FAC1501-26-EX06
the cost of/services
Welcome Message it/ was
at year-end, FAC1501-Exam May/June
found that an amount2026
of R12 860, included in these costs, is
for services that will only be provided in the following financial year.
REQUIRED
Prepare the trading account of Honest Bookkeeping Services at the financial year-end.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. If no amount should be recorded in any of the numeric spaces, then please indicate it by filling in a 0 (eg: 0)
4. If no description should be recorded in any of the description spaces, then please indicate it by choosing N/A (eg:
N/A)
5. Do not type the amount with any spaces or commas as separators for thousands (eg: 12141.72)
Dr Trading account Cr
2025 2025
Jun 28 Cost of services GJ 590100.00 Jun 28 Services income GJ 999125.00
Gross profit GJ 409025.00 N/A GJ 0
0 0
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=454021&cmid=72841 3/4
Question 1
Answer saved
Honest Bookkeeping Services provides bookkeeping services to a variety of small businesses. Honest Bookkeeping
Services is not a registered VAT vendor.
Marked out of
On 30 June 2025, the financial year-end of Honest Bookkeeping Services, the following accounts with balances and
8.00 totals appeared in the general ledger:
Dashboard Calendar
Balances
Dashboard / My courses and totals at 30/ June
/ FAC1501-26-EX06 2025 Message / FAC1501-Exam May/June 2026
Welcome
R
Capital 329 500
Drawings 31 950
Land and buildings 225 325
Furniture and equipment 90 750
Trade receivables control 18 700
Bank (Dr) 12 970
Trade payables control 21 265
Services income 1 024 450
Cost of services 590 100
Interest income 4 220
Water and electricity 25 370
Telephone expenses 22 615
Salaries 115 250
Stationery 41 145
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=454021&cmid=72841 2/4
, 23/05/2026, 10:34 FAC1501-Exam May/June 2026 (page 1 of 6)
Additional information:
The following adjustments must still be done:
1. The owner of Honest Bookkeeping Services noted at year-end that bookkeeping services valued at R25 325, that
were completed before year-end, were not invoiced before year-end.
Dashboard Calendar
The related cost of services have been recorded at year-end.
Dashboard / My courses
2. By/analysing
FAC1501-26-EX06
the cost of/services
Welcome Message it/ was
at year-end, FAC1501-Exam May/June
found that an amount2026
of R12 860, included in these costs, is
for services that will only be provided in the following financial year.
REQUIRED
Prepare the trading account of Honest Bookkeeping Services at the financial year-end.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. If no amount should be recorded in any of the numeric spaces, then please indicate it by filling in a 0 (eg: 0)
4. If no description should be recorded in any of the description spaces, then please indicate it by choosing N/A (eg:
N/A)
5. Do not type the amount with any spaces or commas as separators for thousands (eg: 12141.72)
Dr Trading account Cr
2025 2025
Jun 28 Cost of services GJ 590100.00 Jun 28 Services income GJ 999125.00
Gross profit GJ 409025.00 N/A GJ 0
0 0
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