FAC1503-26-S1 FAC1503 - Financial Accounting Principles for L
QUIZ
Assessment 4
Opened: Monday, 20 April 2026, 8:00 AM
Closes: Monday, 20 April 2026, 7:00 PM
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Submitted Monday, 20 April 2026, 12:27 PM
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,4/20/26, 12:19 PM Assessment 4 (page 1 of 12)
Question 1
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NB: If the below question is not answered, you will receive zero for your assignment!
I declare that the work submitted in this assignment is my own. I did not request assistance to complete the assignment
questions from any third parties.
I declare that I did not provide assistance to other students completing the assignment.
a. Yes
b. No
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, 4/20/26, 12:19 PM Assessment 4 (page 7 of 12)
Question 2
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The following balances were obtained from the accounting records of SA Attorneys on 1 February 2025:
Client Trust creditors'
Client account
account
R
R
A South 19 200 Cr 8 700 Dr
S Africa 15 200 Cr 7 900 Dr
34 400 Cr 16 600 Dr
The following transactions took place and were accounted for in the accounting records on 28 February 2025:
Client Receipts from Payments from Fees charged at the
trust bank trust bank end of the day
R R R
A South 3 200 6 700 5 100
S Africa 5 200 11 600 7 800
8 400 18 300 12 900
Required:
Prepare the following general ledger accounts for SA Attorneys after all the obligations to S Africa have been met in full on 28
February 2025:
a) Clients’ ledger
b) Trust creditors’ ledger
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