FAC1502 EXAM 2025 Financial Accounting Questions and
Solutions
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You are given the following information for United Tennis Club for the year ended 31 December 20.6:
Dashboard / My courses / FAC1502-25-EX06A / FAC1502 - MAY/JUNE EXAM / FAC1502-Exam May/June
2025 a) Membership fees received for the year is R62 345.
b) Membership fees was R355 in 20.5, R400 in 20.6 and will be R460 in 20.7.
c) On 1 January 20.6, the membership fees of six members for 20.5 were still due.
d) On 31 December 20.5, five members prepaid their membership fees for 20.6.
e) On 31 December 20.6 three members paid their membership fees for 20.7.
f) Membership fees received during 20.6 included the membership fees of three members who did not pay in 20.5. The other three members'
membership fees must be written off as irrecoverable.
g) On 31 December 20.6, four member’s membership fees for 20.6 were still outstanding.
Required:
Prepare the membership fees account in the general ledger as at 31 December 20.6.
Instructions:
1. Do not type the amount with any spaces as separators for thousands (eg: 12141)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the "R" for the Rand sign (eg: 12141)
4. Keep the transactions strictly according to date sequence
5. When no amount needs to be entered in a column, then indicate this by entering "0" in the column.
6. If an option has been provided and it is not applicable to the specific question, please put N/A in the account column.
GENERAL LEDGER
UNITED TENNIS CLUB
Dr Membership fees Cr
20.6 20.6
Jan 1 Jan 1
Dec 31 Dec 31
67 010 67 010
Solutions
Dashboard Calendar
Dashboard / My courses / FAC1502-25-EX06A / FAC1502 - MAY/JUNE EXAM / FAC1502-Exam May/June 2025
, Question
Not yet answered
Marked out of
1
10.00
Dashboard Calendar
You are given the following information for United Tennis Club for the year ended 31 December 20.6:
Dashboard / My courses / FAC1502-25-EX06A / FAC1502 - MAY/JUNE EXAM / FAC1502-Exam May/June
2025 a) Membership fees received for the year is R62 345.
b) Membership fees was R355 in 20.5, R400 in 20.6 and will be R460 in 20.7.
c) On 1 January 20.6, the membership fees of six members for 20.5 were still due.
d) On 31 December 20.5, five members prepaid their membership fees for 20.6.
e) On 31 December 20.6 three members paid their membership fees for 20.7.
f) Membership fees received during 20.6 included the membership fees of three members who did not pay in 20.5. The other three members'
membership fees must be written off as irrecoverable.
g) On 31 December 20.6, four member’s membership fees for 20.6 were still outstanding.
Required:
Prepare the membership fees account in the general ledger as at 31 December 20.6.
Instructions:
1. Do not type the amount with any spaces as separators for thousands (eg: 12141)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the "R" for the Rand sign (eg: 12141)
4. Keep the transactions strictly according to date sequence
5. When no amount needs to be entered in a column, then indicate this by entering "0" in the column.
6. If an option has been provided and it is not applicable to the specific question, please put N/A in the account column.
GENERAL LEDGER
UNITED TENNIS CLUB
Dr Membership fees Cr
20.6 20.6
Jan 1 Jan 1
Dec 31 Dec 31
67 010 67 010
