4/16/26, 11:34 AM FAC1501-26-S1: Assessment 4
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Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
Assessment 4
528472
You must have completed the required activities for Learning units 1 to 9 in order to prepare for this assessment.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 4 and the overall feedback for Mandatory
Assessment 4 after you have submitted your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the due date of
Mandatory Assessment 4.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone.
Attempts allowed: 1
This quiz opened at Thursday, 16 April 2026, 8:00 AM
This quiz will close on Thursday, 16 April 2026, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 1 hour 30 mins
Summary of your previous attempts
Marks / Grade /
State 75.00 100.00 Review Feedback
Finished 74.54 98.39 Congratulations, you passed this assessment with a
Submitted Thursday, 16 April distinction. Keep up the good work.
2026, 11:34 AM
Your final grade for this quiz is 98.39/100.00.
Overall feedback
Congratulations, you passed this assessment with a distinction. Keep up the good work.
No more attempts are allowed
Back to the course
https://cas.myexams.unisa.ac.za/mod/quiz/view.php?id=72790 1/2
,4/16/26, 11:30 AM Assessment 4 (page 2 of 7)
Question 1
Answer saved
Marked out of 35.00
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The following transactions for March 2025 pertain to Nontatu Traders. The entity applies a periodic inventory system, has a favourable bank balance
and is not registered as a VAT vendor.
Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
2025 2 An electronic transfer was made for R4 890 as a repayment on a loan
Mar obtained from SA Bank.
13 Paid TR Transport by means of an electronic transfer for carriage on
goods purchased, R1 700.
19 Received R1 150 from P Modise in full settlement of his account via an
electronic transfer.
23 Paid the owner’s personal cell phone account with an electronic
transfer for R1 820.
24 Paid via an electronic transfer a local newspaper, Africa News, for an
advertisement placed in the March edition of the newspaper, R2 340.
28 An amount of R475 appeared on the bank statement for interest
received on a favourable bank balance.
REQUIRED:
Analyse the above transactions of Nontatu Traders in tabular format as follows:
Account to be
Date Account to be debited Amount Element debited Amount Element credited
credited
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, 4/16/26, 11:30 AM Assessment 4 (page 2 of 7)
Example: May 2 Nontatu Traders purchased inventory for R5 000 and paid cash. Nontatu Traders makes use of the periodic inventory system.
R R
May 2 Purchases -5 000 Equity Bank -5 000 Asset
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Complete the table below by selecting the account to be debited, the account to be credited and the element affected on the statement of
Financial position (assets, equity and liabilities) from the dropdown menu and filling in the applicable amounts in the correct spaces.
Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
Please indicate whether the transaction increases or decreases the affected element (assets, equity and liabilities) in the amount column
(see instruction 3 and 4 for examples)
Instructions for numeric responses:
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. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)
4. An increase must be indicated by the amount without any sign (eg: 1000.01)
Element
Date Account to be debited Amount Account to be credited Amount Element credited
debited
R R
2 Loan: SA Bank -4890.00 Liabilities Bank -4890.00 Assets
13 Carriage on goods -1700.00 Equity Bank -1700.00 Assets
19 Bank 1150.00 Assets Trade receivables -1150.00 Assets
23 Drawings -1820.00 Equity Bank -1820.00 Assets
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Dashboard Calendar
Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
Assessment 4
528472
You must have completed the required activities for Learning units 1 to 9 in order to prepare for this assessment.
Kindly note that you will only be able to view your mark obtained for Mandatory Assessment 4 and the overall feedback for Mandatory
Assessment 4 after you have submitted your attempt.
You will be able to view the questions you have received for the attempt, with its answers and general feedback, after the due date of
Mandatory Assessment 4.
NB: Please complete this assessment using a computer. If not possible use the web browser of your phone.
Attempts allowed: 1
This quiz opened at Thursday, 16 April 2026, 8:00 AM
This quiz will close on Thursday, 16 April 2026, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 1 hour 30 mins
Summary of your previous attempts
Marks / Grade /
State 75.00 100.00 Review Feedback
Finished 74.54 98.39 Congratulations, you passed this assessment with a
Submitted Thursday, 16 April distinction. Keep up the good work.
2026, 11:34 AM
Your final grade for this quiz is 98.39/100.00.
Overall feedback
Congratulations, you passed this assessment with a distinction. Keep up the good work.
No more attempts are allowed
Back to the course
https://cas.myexams.unisa.ac.za/mod/quiz/view.php?id=72790 1/2
,4/16/26, 11:30 AM Assessment 4 (page 2 of 7)
Question 1
Answer saved
Marked out of 35.00
Dashboard Calendar
The following transactions for March 2025 pertain to Nontatu Traders. The entity applies a periodic inventory system, has a favourable bank balance
and is not registered as a VAT vendor.
Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
2025 2 An electronic transfer was made for R4 890 as a repayment on a loan
Mar obtained from SA Bank.
13 Paid TR Transport by means of an electronic transfer for carriage on
goods purchased, R1 700.
19 Received R1 150 from P Modise in full settlement of his account via an
electronic transfer.
23 Paid the owner’s personal cell phone account with an electronic
transfer for R1 820.
24 Paid via an electronic transfer a local newspaper, Africa News, for an
advertisement placed in the March edition of the newspaper, R2 340.
28 An amount of R475 appeared on the bank statement for interest
received on a favourable bank balance.
REQUIRED:
Analyse the above transactions of Nontatu Traders in tabular format as follows:
Account to be
Date Account to be debited Amount Element debited Amount Element credited
credited
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=436659&cmid=72790&page=1 2/4
, 4/16/26, 11:30 AM Assessment 4 (page 2 of 7)
Example: May 2 Nontatu Traders purchased inventory for R5 000 and paid cash. Nontatu Traders makes use of the periodic inventory system.
R R
May 2 Purchases -5 000 Equity Bank -5 000 Asset
Dashboard Calendar
Complete the table below by selecting the account to be debited, the account to be credited and the element affected on the statement of
Financial position (assets, equity and liabilities) from the dropdown menu and filling in the applicable amounts in the correct spaces.
Dashboard / My courses / FAC1501-26-S1 / Welcome Message / Assessment 4
Please indicate whether the transaction increases or decreases the affected element (assets, equity and liabilities) in the amount column
(see instruction 3 and 4 for examples)
Instructions for numeric responses:
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. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01)
4. An increase must be indicated by the amount without any sign (eg: 1000.01)
Element
Date Account to be debited Amount Account to be credited Amount Element credited
debited
R R
2 Loan: SA Bank -4890.00 Liabilities Bank -4890.00 Assets
13 Carriage on goods -1700.00 Equity Bank -1700.00 Assets
19 Bank 1150.00 Assets Trade receivables -1150.00 Assets
23 Drawings -1820.00 Equity Bank -1820.00 Assets
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=436659&cmid=72790&page=1 3/4
