Assessment 1 (page 1 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
DOCUMENT COMPILED BY EXPERT ACADEMY
Time left 1:16:54 BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
Answer saved
DISTINCTION GUARANTEED
Marked out of 1.50
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
Relevance and faithful representation are
the…
a. enhancing qualitative
characteristics of the disclosure
requirements as stipulated in
IFRS.
b. fundamental qualitative
characteristics of �nancial
reporting as stipulated in IFRS.
c. enhancing qualitative
characteristics of �nancial
reporting as stipulated in the
Conceptual Framework.
d. fundamental qualitative
characteristics of �nancial
reporting as stipulated in the
Conceptual Framework.
Clear my choice
1 of 1 2026/03/18, 15:16
,Assessment 1 (page 2 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
Time left 1:11:33
Answer saved
Marked out of 1.50
An entity identi�es an item that meets the
de�nition of an asset but the value is
extremely uncertain and cannot be
measured reliably; which factor may
prevent the asset from being recognised?
a. Lack of timeliness
b. Lack of faithful representation
c. Lack of neutrality
d. Lack of comparability
e. None of the above
Clear my choice
1 of 1 2026/03/18, 15:17
,Assessment 1 (page 3 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
Time left 1:10:53
Answer saved
Marked out of 2.00
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
A company purchases 1 000 units at R100 DISTINCTION GUARANTEED
each and receives a trade discount of 10%. DOCUMENT COMPILED BY EXPERT ACADEMY
What is the total cost of inventory? BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
DOCUMENT COMPILED BY EXPERT ACADEMY
a. None of the above BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
b. R90 000
c. All of the above
d. R100 000
e. R110 000
Clear my choice
1 of 1 2026/03/18, 15:17
,Assessment 1 (page 4 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
Time left 1:10:33
Answer saved
Marked out of 2.00
A company incurs direct labour costs of
R100 000 and administrative salaries of
R40 000; both amounts are included in the
cost of inventories.
True
False
1 of 1
2026/03/18, 15:17
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
DOCUMENT COMPILED BY EXPERT ACADEMY
Time left 1:16:54 BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
Answer saved
DISTINCTION GUARANTEED
Marked out of 1.50
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
Relevance and faithful representation are
the…
a. enhancing qualitative
characteristics of the disclosure
requirements as stipulated in
IFRS.
b. fundamental qualitative
characteristics of �nancial
reporting as stipulated in IFRS.
c. enhancing qualitative
characteristics of �nancial
reporting as stipulated in the
Conceptual Framework.
d. fundamental qualitative
characteristics of �nancial
reporting as stipulated in the
Conceptual Framework.
Clear my choice
1 of 1 2026/03/18, 15:16
,Assessment 1 (page 2 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
Time left 1:11:33
Answer saved
Marked out of 1.50
An entity identi�es an item that meets the
de�nition of an asset but the value is
extremely uncertain and cannot be
measured reliably; which factor may
prevent the asset from being recognised?
a. Lack of timeliness
b. Lack of faithful representation
c. Lack of neutrality
d. Lack of comparability
e. None of the above
Clear my choice
1 of 1 2026/03/18, 15:17
,Assessment 1 (page 3 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
Time left 1:10:53
Answer saved
Marked out of 2.00
DOCUMENT COMPILED BY EXPERT ACADEMY
BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
A company purchases 1 000 units at R100 DISTINCTION GUARANTEED
each and receives a trade discount of 10%. DOCUMENT COMPILED BY EXPERT ACADEMY
What is the total cost of inventory? BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
DOCUMENT COMPILED BY EXPERT ACADEMY
a. None of the above BOOK SLOT AND WRITTEN ON WHATSAPP 0645167275
DISTINCTION GUARANTEED
b. R90 000
c. All of the above
d. R100 000
e. R110 000
Clear my choice
1 of 1 2026/03/18, 15:17
,Assessment 1 (page 4 of 30) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=312...
FAC1601-26-S1 Welcome Message Assessment 1
QUIZ
Time left 1:10:33
Answer saved
Marked out of 2.00
A company incurs direct labour costs of
R100 000 and administrative salaries of
R40 000; both amounts are included in the
cost of inventories.
True
False
1 of 1
2026/03/18, 15:17
