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Financial Reporting and Analysis Assessment Answers

QUESTION 1 (20 MARKS) REQUIRED Use the information provided below to prepare the Statement of Comprehensive Income for the year ended 28 February 2023. FIESTA TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2023   Debit (R) Credit (R) Balance Sheet accounts section     Capital   2 520 000 Drawings 160 000   Land and buildings 1 800 000   Vehicles at cost 1 […]

Posted: November 8, 2023
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General Financial Reporting (IFRS) (HFAC232-1) Assignment Answers

QUESTION (25 marks) The Fix (Pty) Ltd, is a clothing retailer with a 30 June financial year-end. The June 2023 financial year-end annual financial statements were presented to the board of directors on 18 August 2023 for authorisation for issue. You are the accountant of The Fix (Pty) Ltd. The following events have taken place since the reporting date: Event 1: Flood damage During July […]

Posted: October 30, 2023
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General Financial Reporting (IFRS) (HFAC232-1) Assignment Answers

QUESTION 1 (53 marks) Cape Climate (Pty) Ltd is a company based in Cape Town that supplies residential and commercial air conditioners. The company has a June financial year-end. During the current financial year-end, Cape Climate (Pty) Ltd entered into a contract with a local restaurant franchise, called Pizza Perfect, to supply, install and maintain the air conditioners in all their restaurants across Cape Town. […]

Posted: October 19, 2023
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