FAC1503
University of South Africa
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Fac1503_Exam_Pack_2013_2017.
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---143november 20212021/2022A+
- SOLUTION 1: SUBSIDIARY JOURNALS 
EXPRESS SERVICES SUPPLIES 
(a) CASH RECEIPTS JOURNAL – APRIL 2017 
Date Details Bank Sales Trade Services VAT Sundry accounts 
Receivables rendered Output 
Control 
Amount Details 
R R R R R R 
13 Cash Sales (i) 1 482 1 300 182 
28 S Smith 400 400 
30 Services rendered 5 700 5 000 700 
(i) Cash Sales – 13 April 
Sales (1 482 ∗ 114 ) 
Total Sales 
VAT Output 14 
(ii) April 30 Services rendered 
Total Services(1 rendered482∗ 14 ) 
VAT Output 114 
Services r...
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LOVELY01
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Tentamen (uitwerkingen)
FAC1503 EXAM Pack Updated.
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---150november 20212021/2022A+
- FAC1503 EXAM Pack Updated 
FAC1503 EXAM Pack Updated 
lOMoARcPSD| 
lOMoARcPSD| 
FAC1503 EXAM Pack Updated 
lOMoARcPSD| 
FAC1503 EXAM Pack Updated
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LOVELY01
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Tentamen (uitwerkingen)
FAC1503 EXAM PACK-VERIFIED ANS.
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---74november 20212021/2022A+
- FINANCIAL 
ACCOUNTING 
PINCIPLES FOR 
LAW 
PRACTITIONERS 
FAC1503 EXAM PACK-2017Answers. 
OCTOBER – 
NOVEMBER 
2017 
SOLUTION 1: SUBSIDIARY JOURNALS 
EXPRESS SERVICES SUPPLIES 
(a) CASH RECEIPTS JOURNAL – APRIL 2017 
Date Details Bank Sales Trade 
Receivables 
Control 
Services 
rendered 
VAT 
Output 
Sundry accounts 
Amount Details 
R R R R R R 
13 
28 
30 
Cash Sales (i) 
S Smith 
Services rendered 
1 482 
400 
5 700 
1 300 
400 
5 000 
182 
700 
(i) Cash Sales – 13 April 
R 
Total Sale...
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ExellentStudyResources
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Samenvatting
FAC1503-Summarized-Study-Notes-Latest.
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--2132november 20212021/2022
- STUDY UNIT 1- THE NATURE AND FUNCTION OF ACCOUNTING 
The aim of this study unit is to enable learners to understand the nature and the function 
of accounting in an organisation. This study unit builds the understanding of accounting 
knowledge for the learner in relation to financial management. 
The nature of Accounting 
Accounting is a process: A process refers to the method of performing any specific job step by 
step according to the objectives, or target. Accounting is identified as a proc...
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ExellentStudyResources
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Tentamen (uitwerkingen)
FAC1503 ASSIGNMENT 5 -PACK.
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--1137november 20212021/2022A+
- On 25 January 2021, SA Traders withdrew cash and paid wages to the amount of R5 000. 
What will the effect of this transaction be on the accounting equation? 
Assets Equity Liabilities 
+ 0 + 0 + 0 
- 5000 - 5000 + 0 
Question 1 of 23 
2.0/ 6.0 Points 
Click to see additional instructions 
SA Traders entered into the following transactions during July 2020. The entity uses the periodic inventory 
system and is not registered as a VAT vendor. 
Date Transactions 
5 Purchased trading inventory on c...
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ExellentStudyResources
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Tentamen (uitwerkingen)
FAC1503_Assignment_1__2021
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---15oktober 20212021/2022A+
- FAC1503_Assignment_1__2021 
Question 1 of 39 
3.0 Points 
Please match the accounting term with the most suitable definition, example or description provided. A. When all the financial information of a business entity that is needed to understand the 
economic events and transactions were included in the financial statements, we can say that the 
information adhered to the fundamental characteristic of …………………. B. Reflects all the income earned and expenses paid by a business entit...
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lectdenis
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Tentamen (uitwerkingen)
FAC1503_EXAM_pack_2019_UPDATED.pdf.
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---153september 20212021/2022A+
- FAC1503_EXAM_pack_2019_UPDATED.pdf. 
FAC1503_EXAM_pack_2019_UPDATED.pdf.
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$3.99 Meer Info
lectdenis