Unisa Tutorials - fac

FAC1501 Assignment 1 Semester 1 2012

Tutorial Name	Description
Question 1	Management and Accounting Info
Question 2	GAAP
Question 3	Equity
Question 4	Accounting Equation
Question 5	Choose the correct option
Question 6	Current Assets
Question 7	Current Liabilities
Question 8	Service Entity
Question 9	Original Tax Invoice
Question 10	Original Tax Invoice
Question 11	Original Tax Invoice
Question 12	Original Tax Invoice
Question 13	Analysis of a transaction
Question 14	Accounting Equation - Cheque issued
Question 15	Cash Discount
Question 16	Cheque Amount
Question 17	Till Slip
Question 18	Profit or Loss
Question 19 and 20	Person owes money to an entity - and VAT

FAC1501 Assignment 2 Semester 1 2012

Tutorial Name	Description
Question 1	Choose the inaccurate statement
Question 2	Sales Returns
Question 3	Individual Debtor's Balance
Question 4	Selling Price, Cost Price and Mark-up
Question 5	CPJ and CRJ
Question 6	Balance on the Bank Account in the General Ledger
Question 7	Cash Deposit in CRJ
Question 8	Outstanding Cheques
Question 9	Cost of Sales
Question 10	Periodic Inventory - Accounting Equation
Question 11	Carriage on Purchases - Perpetual Inventory
Question 12	Valuing Inventory
Question 13	Closing Inventory - weighted average method
Question 14	Average Price - Weighted Average Method
Question 15	Perpetual Inventory - Inventory Removed by Owner for Personal Needs

FAC1502 Assignment 1 Semester 1 2012

Tutorial Name	Description
Question 1	Choosing the incorrect statement GAAP
Question 2	Nature and Function of Accounting
Question 3	Total Cost in March
Question 4	Closing Journal Entry - Settlement Discount Granted
Question 5	Accounting Equation - Effect on Equity
Question 6	Accounting Equation
Question 7	Prepaid Expenses
Question 8	Purchases Journal
Question 9	Purchases Account/Inventory Account
Question 10	Closing Journal Entry
Question 11	General Journal
Question 12	Periodic Inventory
Question 13	Trading Account and Profit/Loss
Question 14	Insurance Premium
Question 15	Bank Reconcilliation
Question 16	Input and Output VAT
Question 17	Perpetual Inventory Balance
Question 18	Cost of Sales
Question 19	Allowance for Credit Losses Reduced
Question 20	Gross Profit Percentage

FAC1502 Assignment 2 Semester 1 2012

Tutorial Name	Description
Question 1	Current Depreciation
Question 2	Current Depreciation - equipment and vehicle
Question 3	Credit Losses to be disclosed in the SOCI
Question 4	Non-current and current liabilities
Question 5	Closing Inventory
Question 6	Gross Profit Percentage
Question 7	Rental Income Received
Question 8	Goods sold on credit - periodic inventory system
Question 9	Inventory sold on credit - periodic inventory system
Question 10	Merchandise sold on credit - analysis in the Cash Receipts Journal
Question 11	Membership Fees
Question 12	Monthly Income
Question 13	Effect on equity
Question 14	Determining Gross Profit
Question 15	Current Assets
Question 16	Net Profit for the year ended -
Question 17	Perpetual Inventory System, Sale of Merchandise on Credit
Question 18	Finding the Bank Balance on the trial balance
Question 19	Amount paid to creditors
Question 20	Final Bank Account Balance

FAC1502 May June 2011 Exam

Tutorial Name	Description
Question 1	Download the suggested solution for 1.1 & 1.2 click on this tutorial, scroll to the bottom of the page.
Question 2	Download the suggested solution for 2.1 & 2.2 click on this tutorial, scroll to the bottom of the page.
Question 3.1	Download the suggested solution for 3.1- click on this tutorial, scroll to the bottom of the page.
Question 3.2	Download the suggested solution for 3.2- click on this tutorial, scroll to the bottom of the page.
Question 3.3	Download the suggested solution for 3.3- click on this tutorial, scroll to the bottom of the page.
Question 4.1	Download the suggested solution for 4.1- click on this tutorial, scroll to the bottom of the page.
Question 4.2 and 4.3	Download the suggested solution for 4.2-4.3 click on this tutorial, scroll to the bottom of the page.

FAC1502 May/June 2010 Exam

Tutorial Name	Description
Question 1.1	Creditors Control Account
Question 1.2	Creditors Reconcilliation Statement
Question 2	Adjustments in the General Journal
Question 2 Part 2	Adjustments in the General Journal
Question 3 (a)	Calculating Equity based on Assets and Liabilities info.
Question 3 (b) Part 1	Preparing the Bank Account
Question 3 (b) Part 2	Preparing the Debtors Account
Question 3 (b) Part 3	Preparing the Creditors account
Question 3 (b) Part 4	Preparing the Insurance and Rent Expense Accounts
Question 4.1 Part 1	Closing entries in the general journal
Question 4.1 Part 2	Closing entries in the general journal
Question 4.1 Part 3	Closing entries in the general journal
Question 4.1 part 4	Closing entries in the general journal
Question 4.2	Preparing the Trading Account and the Profit/Loss Account

FAC1502 Oct/Nov 2009 Exam Paper

Tutorial Name	Description
Question 1.1	Preparing Cash Receipts Journal
Question 1.2	Preparing Cash Payments Journal
Question 1.3	Bank Account in the General Ledger Balanced
Question 1.4	Bank Reconciliation
Question 2.1	Calculate the total comprehensive income
Question 2.2	Statement of Changes in Equity
Question 2.3 Part 1	Calculating the Plant, machinary and equipment value
Question 2.3 Part 2	Other Financial Assets
Question 2.3 Part 3	Current Assets, Inventories, Trade Receivables; Cash and Cash Equivalents
Question 2.3 Part 4	Equity and Liabilities
Question 2.3 Part 5	Putting it all together
Question 3 Part 1	Bank Account Ledger
Question 3 Part 2	Cost of Sales
Question 3 Part 3	Trading Inventory
Question 3 Part 4	Sales Account
Question 3 Part 5	Vat Input
Question 3 Part 6	Vat Output
Question 4 Part 1	Debtors Control Account
Question 4 Part 2	Creditors Control
Question 4 Part 3	Inventory
Question 4 Part 4	Trading Account
Question 5 Part 1	Finding the carrying amount at the beginning of the year
Question 5 Part 2	Additions, Depreciation and Disposals
Question 5 Part 3	Summarising based on information already entered and double checking
Question 5 Part 4	Completing the note on Property, Plant and Equipment

FAC1502 Oct/Nov 2010 Exam Paper

Tutorial Name	Description
Question 1.1	Calculating Total Costs to offset against income.
Question 1.2	Gross Profit Percentage
Question 1.3	Credit Losses disclosed in the Statement of Comprehensive Income
Question 1.4	Profit or Loss on the scrapping of an asset.
Question 1.5	Membership Fees Account
Question 1.6	Preparing a bank reconiciliation statement.
Question 2	Accounting Equation and which account to debit or credit
Question 3.1	Vehicle Account on Asset Realization
Question 3.2	Accumulated Depreciation and Asset Realization
Question 3.3	Asset Realization Account
Question 4.1 Part 1	Trial Balance and Adjustments
Question 4.1 Part 2	Statement of Comprehensive Income
Question 4.2	Statement of Changes in Equity
Question 4.3 Part 1	Statement of Financial Position - ASSETS
Question 4.3 part 2	Statement of Financial Position - EQUITY AND LIABILITIES

FAC1502 Revision

Tutorial Name	Description
FAC Revision 1 Debtors Control	18 mark question with information regarding debtors you need to compile and balance the debtors control
FAC Revision 2 Part 1	Opening up rental income account closing off the account and posting to Profit/Loss account
FAC Revision 2 Part 2	This part deals with stationary, inventory and profit/loss accounts
FAC Revision 2 Part 3	Opening accounts for Water and electricity and accrued expenditure and posting to the profit/loss account
FAC Revision 2 Part 4	Commission income and received in advance, profit/loss account
FAC Revision 2 Part 5	Credit Losses and irrecoverable amounts, debtors control and profit/loss accounts
FAC Revision 2 Part 6	Accummulated Depreciation, Depreciation and Profit/Loss accounts
FAC Revision 2 Part 7	Machinery at Cost
FAC Revision 2 Part 8	The adjustments recorded in the General Journal and then posted to the General Ledger Accounts
FAC Revision 2 Part 9	Adjustments Entries
FAC Revision 2 Part 10	Adjustment to rental income
FAC Revision 2 Part 11	Adjustment to Stationary
FAC Revision 2 Part 12	Adjustment to Commission Income
FAC Revision 2 Part 13	Adjustments for Credit Losses
FAC Revision 2 Part 14	Adjustments for Depreciation
FAC Revision 2 Part 15	Adjustment Water and Electricity; Accrued Expenditure
FAC Revision 2 Part 16	Closing Transfers J2
FAC Revision 2 Part 17	Closing Transfers J2
FAC Revision 2 Part 18	Statement of Financial Position (Partial)

FAC1502 Revision ACN101 2008 Exam

Tutorial Name	Description
Question 1.1 Part 1	Finalising the CRJ
Question 1.1 Part 2	Finalising the CPJ
Question 1.1 Part 3	Posting the CRJ and CPJ totals to the Bank Account in the GL
Question 1.2	Open and Complete the bank account
Question 1.3	Preparing the Bank Reconcilliation Statement
Question 2	Preparing the Debtors Control Account
Question 3.1 Part 1	Calculating the estimated profit/loss from Asset and Liability info.
Question 3.1 Part 2	Calculating the estimated profit/loss from Asset and Liability info.
Question 3.1 Part 3	Calculating the Estimated Profit/Loss
Question 3.2 Part 1	Statement of Financial Positions Total Assets
Question 3.2 Part 2	Statement of Financial Positioin Total Equity and Liabilties
Question 3.3	Note on Property, plant and equipment ie. carrying amounts
Question 4.1	Opening and Closing Inventory - Periodic Inventory system
Question 4.2 Part 1	Showing the Journal Entries for the closing of accounts.
Question 4.2 Part 2	Closing transfer of Settlement Discount Granted to the Sales Account
Question 4.2 Part 3	Closing transfer of Settlement Discount Received to the Purchases Account
Question 4.2 Part 4	How the closing transfers look in the general ledger for Sales and Purchases.
Question 4.2 Part 5	Closing Transfers to Trading Account - Debit Items on the Trading Account
Question 4.2 Part 6	Closing transfers of credit items in the Trading Account
Question 4.2 Part 7	Working out Gross Profit to credit Profit/Loss
Question 4.2 part 8	Journal Entries to debit Trading Acc. and credit Profit/Loss
Question 4.2 part 9	Debit Items for the Profit and Loss
Question 4.2 Part 10	Credit items for the Profit and Loss
Question 4.2 Part 11	General ledger Profit and Loss and journal entries for Net Profit to the Capital account.
Question 4.3	See Question 4.2 Part 7 and Question 4.2 Part 11

FAC1601 Assignment 1 Semester 1 2012

Tutorial Name	Description
Question 1	GP Percentages
Question 2	Revenue - Partnership
Question 3	Credit Losses
Question 4	Total Equity
Question 5	Valuation Account
Question 6	Profit Sharing Ratio
Question 7	Retiring Partner Macbeth
Question 8	Profit/Loss on liquidation - This is a big file pls be patient.
Question 9	Capital Account balances after liquidation
Question 10	First Interim Payment - Loss Absorption Capacity

FAC1601 Assignment 1 Semester 2 2011

Tutorial Name	Description
Question 1	Sharing of comprehensive income between partners - hardcopy of assignment
Question 2	Total Comprehensive Income
Question 3	Share of total comprehensive income - partnership
Question 4	Liquidation Account for the liquidation of a partnership
Question 5	Capital Account Balance : Raymond
Question 6	Profit/Loss Sharing Ratio
Question 7	Valuation Account Profit/Loss
Question 8	Calculating the goodwill acquired
Question 9	Capital Account Moses: Prior to liquidation
Question 10	Interim Payment on Liquidation

FAC1601 Assignment 2 Semester 1 2011

Tutorial Name	Description
Question 1	Assignment 2 Semester 1 Question 1 - hardcopy of assignment
Question 2	Assignment 2 Semester 1 Question 2
Question 3	Assignment 2 Semester 1 Question 3
Question 4	Assignment 2 Semester 1 Question 4
Question 5	Assignment 2 Semester 1 Question 5
Question 6	Assignment 2 Semester 1 Question 6
Question 7	Assignment 2 Semester 1 Question 7
Question 8	Assignment 2 Semester 1 Question 8
Question 9	Assignment 2 Semester 1 Question 9
Question 10	Assignment 2 Semester 1 Question 10

FAC1601 Assignment 2 Semester 1 2012

Tutorial Name	Description
Question 1	Close Corporations
Question 2	Finance Costs in SOCI
Question 3	Members' Contribution
Question 4	Profit Before Tax in SOCI
Question 5	Retained Earnings
Question 6	Loans from members - non-current liabilities
Question 7	Ordinary Share Capital
Question 8	Dividends payable
Question 9	Cash Paid to Suppliers and Employees
Question 10	Cash Generated from Operations

FAC1601 Assignmnet 2 Semester 2 2011

Tutorial Name	Description
Question 1	Retained Earnings - hardcopy of assignment
Question 2	Income Tax Expense
Question 3	Interest and loan repayment
Question 4	Cash Receipts from Customers
Question 5	Long-term borrowing
Question 6	Current Portion of long-term borrowings
Question 7	Proceeds from Sale of Furniture and Equipment
Question 8	Purchase of Land and Buildings
Question 9	Ordinary Shares and Share Premium
Question 10	Issuing of Share Capital: Ordinary Shares

FAC1601 May June 2009 Exam

Tutorial Name	Description
Question 1 Part 1	Comprehensive Income Statement Part 1 Download the question paper HERE
Question 1 Part 2	Comprehensive Income Statement Part 2
Question 1 Part 3	Comprehensive Income Statement Part 3
Question 1 Part 4	Comprehensive Income Statement Part 4
Question 2 Part 1	Liquidation in columnar format according to the loss-absorption capacity method.
Question 2 Part 2	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 3	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 4	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 5	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 6	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 7	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 8	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 9	Liquidation in columnar format according to the loss-absorption capacity method
Question 2 Part 10	Liquidation in columnar format according to the loss-absorption capacity method
Question 2.2	First interim repayment of available cash
Question 3 Part 1	Cash Flows From Operating Activities - Sole Trader Indirect Method
Question 3 Part 2	Cash Flows From Operating Activities continued
Question 4.1 Part 1	Underwriter's Commission, Application and Allotment of Shares, Share Premium
Question 4.1 Part 2	Refund of inissued shares and commission paid over.
Question 4.2 Part 1	Capitalisation of Shares - the calculations
Question 4.2 Part 2	The entry in the General Journal for the capitalisation of shares
Question 5.1.1	Gross Profit Percentage
Question 5.1.2	Return on Total Assets
Question 5.1.1	Gross Profit Percentage
Question 5.1.2	Return on Total Assets
Question 5.2.1	Current Ratio
Question 5.2.2	Acid Test Ratio

FAC1601 May June 2010 Exam

Tutorial Name	Description
Question 5 Part 1	Inventory to Branch: Deliveries at Cost - Download the EXAM HERE
Question 5 Part 2	Branch Adjustment: Mark-up on Deliveries
Question 5 Part 3	Inventory sent to branch at Selling Price
Question 5 Part 4	Cash Sales, Credit Sales and Returns to HO
Question 5 Part 5	Mark-up on inventory returned: Branch Adjustment
Question 5 Part 6	Branch Expense - Stolen Inventory; Branch Adj. Mark-up on Stolen Inventory.
Question 5 Part 7	Branch Adjustment: Discount on Sales
Question 5 Part 8	Inventory in Transit and On Hand - Closing Balances
Question 5 Part 9	Balancing item: inventory shortfall
Question 5 Part 10	The other information

FAC1601 May June 2011 Exam

Tutorial Name	Description
Question 2 Part 1	Manamela's new share
Question 2 Part 2	Tsebe's new share
Question 2 Part 3	Moshe's share and the final sharing ratio
Question 2 Part 4	Capital accounts of M and T before Valuation Account.
Question 2 Part 5	Amounts to transfer of listed assets to the valuation account
Question 2 Part 6	Final Capital Accounts and Moshe's new capital - total new equity
Question 2 Part 7	Calculating the Goodwill
Question 3 Part 1	Statement of Comprehensive Income for Shoe Fever CC
Question 3 Part 2	Statement of Comprehensive Income for Shoe Fever CC
Question 5.1	Number and Value of Ordinary Shares to be issued. Download the question paper HERE
Question 5.2	Record the issue of the capitalisation shares in the general journal

FAC1601 October November 2009 Exam

Tutorial Name	Description
Question 1.1 Part 1	Members Contribution and Retained Earnings Download Question Paper HERE
Question 1.1 Part 2	Long-term Loans
Question 1.1 Part 3	Current Portion of L/Term Loans and Trade and Other Payables
Question 1.1 Part 4	Distribution to members and income tax outstanding
Question 1.1 Part 5	Final Overview
Question 1.2 Part 1	Carrying amount at the beginning of the year
Question 1.2 Part 2	Calculating the current depreciation
Question 1.2 Part 3	Carrying amount at the end of the year
Question 2 Part 1	Sales Revenue
Question 2 Part 2	Cost of Sales
Question 2 Part 3	Gross Profit
Question 2 Part 4	Distribution, Administrative and other expenses
Question 2 Part 5	Finance Costs and Profit for the year
Question 3 Part 1	Replacement of vehicle
Question 3 Part 2	Additions to equipment
Question 3 Part 3	Proceeds from sale of land
Question 3 Part 4	Proceeds from Insurance Claim
Question 3 Part 5	Fixed Deposit and Investment - Net Cash Used In Investing Activities
Question 3 Part 6	Net Cash Used In Financing Activities
Question 4 Part 1	Liquidation Account - Look at the accumulated depreciation
Question 4 Part 2	Sale of Furniture and Equipment
Question 4 Part 3	Creditors were paid in full
Question 4 Part 4	Debtors Settled with a 10% discount
Question 4 Part 5	Liquidation costs
Question 4 Part 6	Balancing the liquidation account
Question 4.2	The Capital Account for O Phinda
Question 5 Part 1	Calculating the underwriter's commission
Question 5 Part 2	Receipt of application money from the public
Question 5 Part 3	Allotment of ordinary shares to share capital and share premium acc.
Question 5 Part 4	The underwriters have to buy the unissued shares - 20 000 shares
Question 5 Part 5	The underwriters pay over the difference
Question 5 Part 6	Share issues expenses

FAC1601 October November 2010 Exam

Tutorial Name	Description
Question 1 Part 1	Statement of Changes in equity - open balances - download paper HERE
Question 1 Part 2	Profit to Appropriation Account.
Question 1 Part 3	Salaries, Interest and Profit Share
Question 1 Part 4	Getting your totals right.
Question 2.1	The Liquidation account
Question 2.2	Capital Account: Lisa
Question 3 Part 1	Property, plant and equipment
Question 3 Part 2	Investment at fair value and callable loan to A Showers
Question 3 Part 3	Trade Receivables
Question 3 Part 4	Prepaid expenses and inventory
Question 3 Part 5	Members' Contribution and Retained Earnings
Question 3 Part 6	Non-current and Current Liabilities
Question 5.1	Profit Margin Calculation
Question 5.2	Acid Test Ratio Calculation
Question 5.3	Trade Payables Payment (Settlement) Period

FAC1601 Revision

Tutorial Name	Description
Question 1	Question pertaining to the issue of shares and underwriting commission
Question 2 Part 1	Statement of Comprehensive Income for Kudu CC
Question 2 Part 2	Continuation of Statement of Comprehensive Income for Kudu CC
Question 3 Part 1	Preparing the valuation account for a partnership in preparation for a new partner
Question 3 Part 2	Calculating the goodwill of the business
Question 3 Part 3	Working out the new profit sharing ratio
Question 4 Part 1	Cash Flow from Investing Activities and Cash Flow from Financing Activities
Question 4 Part 2	Continuation of Part 1
Question 5 Part 1	Statement of Comprehensive Income for a Partnership - Revenue
Question 5 Part 2	Statement of Comprehensive Income for a partnership - Cost of Sales
Question 5 Part 3	SOCI - Partnership - Distribution, administrative and other expenses.
Question 5 Part 4	Completing the Statement of Comprehensive Income for a Partnership
Question 5 Part 5	Statement of Changes in Equity
Question 5 Part 6	Note on Property, Plant and Equipment
Question 5 Part 7	Statement of Financial Position
Question 5 Part 8	Preparing the appropriation account and closing it off with correct contra-ledger entries.
Question 5 Part 9	Preparing the current accounts for the partners.
Question 6 Part 1	SOCI Calculating Revenue
Question 6 Part 2	SOCI showing the calculations to determine cost of sales
Question 6 Part 3	SOCI - Calculating the Gross Profit and adding other income.
Question 6 Part 4	SOCI - Distribution, Administrative and Other Expenses
Question 6 Part 5	Calculating the credit loss amount for SOCI
Question 6 Part 6	Calculating the stationary consumed for the SOCI
Question 6 Part 7	Depreciation on office furniture calculation for SOCI
Question 6 Part 8	Calculating the depreciation on the vehicle
Question 6 Part 9	Looking at the whole SOCI
Question 6 Part 10	Statement of Changes in Equity
Question 6 Part 11	Appropriating the loss between the partners
Question 7 Part 1	Statement of Financial Position - Non-current assets - Property, plant and equip.
Question 7 Part 2	Continuing with Property, Plant and equipment for the SOFP
Question 7 Part 3	Caculating the carrying amt to use in the SOFP
Question 7 Part 4	SOFP Total Assets
Question 7 Part 5	SOFP Total Equity and Liabilities
Question 7 Part 6	SOFP Total Equity and Liabilities continued......

FAC2601 Assignment 1 Semester 1 2012

Tutorial Name	Description
Question 1	Financial Statements
Question 2	Income according to the Accounting Framework
Question 3	Capitalisation Shares
Question 4	Dividends Paid Out
Question 5	Preference Share Dividend
Question 6	Expenses
Question 7	Type of Preference Share
Question 8	Basis of Accounting
Question 9	Revenue on Subscriptions
Question 10	Revenue from Tuition Fees