QUESTION ONE [30] The following figures are available for Insure (Pty) Ltd: Actual (2020) Budget (2020) January February March April May Sales 96 000 120 000 60 000 160 000 200 000 Purchases 100 000 50 000 160 000 84 000 60 000 Sales commission 400 600 1 200 800 400 Wages 800 800 800 ? ? 40% of all sales are for […]
Posted: March 22, 2023
Question 1: Refer to the following transactions entered into by TH Traders during the year ended 30 June 2012 and answer the question that follow: Transaction 1. The owner deposited R 60 000 into business account as his contribution to the business 2. Sold goods on credit to F Meko, R 7 000 3. The business obtained a loan of R30 000 from FNB. […]
Posted: March 6, 2023
Pedaltrain Ltd. is a private UK company formed in 2017 by Johnny Miller. The company manufactures a high-tech stationary exercise cycle that is favoured by high grade athletes and serious cycling enthusiasts when they can’t get out on a real bike. The company prides itself on producing an innovative product that is of excellent quality that enjoys a world-wide reputation with the cycling community. The […]
Posted: March 4, 2023
QUESTION 1 (28 marks)(35 minutes) The following information pertains to F Fox, an attorney trading as Fox Attorneys: Transactions during August 2022: Aug 1 F Fox deposited R30 000 as initial capital into the bank account of Fox Attorneys, and purchased furniture and equipment to the value of R6 000 for the office, paid from his personal bank account. 2 Paid a rental deposit from […]
Posted: February 11, 2023
Question 1: The trial balance, adjustments and additional information given below were extracted from the accounting records of Whetstone Stores on 28 February 2022, the end of the financial year. WHETSTONE STORES PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2022 Debit (R) Credit (R) Balance sheet accounts section Capital 3 759 100 Drawings 310 000 Land and buildings 2 840 […]
Posted: November 14, 2022
Question 1: The following transactions entered into by XYZ Ltd for the year ended 31 December 2017: R18 000 was paid for rent expense for the period of 1 March 2017 to 28 February The monthly payments were constant throughout this period. Wages and salaries for 2 months are outstanding, R2 000 is paid monthly for wages and XYZ LTD received a 6-month cleaning service […]
Posted: November 2, 2022
Question One The following information relates to Stimulus Traders: Balance at 31 December 2012 R Trading inventories on 01 January 2012 15 000 Trading inventories on 31 December 2012 12 000 Inventory of stationary on 31 December 2012 1 500 Sales 166 000 Purchase 90 000 Sales Returns 3 000 Purchases Returns 5 500 Freight on purchases 3 000 Freight on sales 10 000 Import […]
Posted: November 1, 2022
QUESTION 1 Comel Bhd is a company that buys and sells computers. On 1 June 2013 it had 200 unsold computers in stock, each valued at RM800. During June, the company received deliveries as follows: Date Number of computers received Unit cost Market price 9 100 RM900 RM 1,000 18 200 RM1,000 RM 1,200 22 100 RM1,100 RM 1,300 Also in June, the sales […]
Posted: October 26, 2022
You are required to analyse a company’s Corporate Governance Report and Sustainability report (Most Singapore Exchange (SGX) top listing companies produce a Corporate Governance report and Sustainability report). Your selected company must be listed on the SGX top 200 lists. The length of the assignment would be 1500-2000 words. The format of the assignment is down to your style of analytical writing, and research efforts; […]
Posted: October 9, 2022
