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:
Balances and totals at 30 June 2025
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
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:
Balances and totals at 30 June 2025
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
