FAC2602 Selected Accounting Standards and Simple Group Structures
University of South Africa
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FAC2602 EXAM PACK 2022 UPDATED TO OCTOBER/NOVEMBER 2019
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---111april 20222021/2022A+
- FAC2602 EXAM PACK 2022 
UPDATED TO 
OCTOBER/NOVEMBER 2019 
FAC2602 EXAM PACK 2022 
UPDATED TO 
OCTOBER/NOVEMBER 2019
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$4.29 Meer Info
lectdenis
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FAC2602 ASSIGNMENT 02 Semester 1 & 2.
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---5april 20222021/2022A+
- FAC2602 
ASSIGNMENT 02 
Semester 1 & 2. 
PART A 
a) ELIMINATION OF THE UNREALISED PROFIT INCLUDED IN THE OPENING 
AND CLOSING INVENTORY 
DEBIT CREDIT 
Cost of sales (Burgers-Eat) 7 500 
Inventory (Travelwell) 7 500 
Elimination of unrealised intragroup profit included 
in the closing inventory of Travelwell Ltd 
(25/125 x 37 500) 
Retained earnings (Burgers-Eat) 22 000 
Cost of sales 22 000 
Elimination of unrealised intragroup profit included 
in the opening inventory of Travelwell Ltd 
(25/125...
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$3.99 Meer Info
ExellentStudyResources
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Tentamen (uitwerkingen)
FAC_2602_ASSIGNMENT_2___2021.
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---5september 20212021/2022A+
- PART A 
Consolidation Journals DR CR NCI 
Share Capital 
Retained Earnings 
Goodwill 
Purchase Consideration 
NCI 
Elimination of owners' equity of Travel well Ltd at 
acquisition 
A) 
Income;Sales(Burgers Eat ltd) 
cost of sales(Travelwlell ltd) 
Elimination of intra group sales 
cost of sales (Burgers Eat ltd) 7500 
Inventory(Travelwlell ltd) 7500 
Elimination of intra group profit included in closing 
inventory of sub 25/125x37500 
Retained earnings (Burgers Eat ltd) 22000 
Cost of s...
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$3.99 Meer Info
lectdenis