QUESTION 1 (35 marks) Tortoise Ltd acquired a 60% controlling interest in Snail Ltd on 1 July 2021 when the retained earnings of Snail Ltd was R175 000 and its share capital R50 000. Rabbit Ltd acquired a 75% controlling interest in Tortoise Ltd on 1 July 2022 when the retained earnings of Tortoise was R235 800 and its share capital R100 000. The share […]
Posted: May 23, 2024
Question 1 [20 Marks] Background: Your friend Nina’s baby clothing business is growing, but sales are still recorded in a book. You have decided to showcase acquired skills using Microsoft (MS) Access databases and develop a database for the clothing shop. You have identified several entities from your research on the operations of the clothing shop and decided to include a customer, product and sales […]
Posted: May 23, 2024
QUESTION 1 [20 MARKS] “Practitioners and academics alike are interested in stakeholder management as a crucial strategy for achieving project success” (Francisco de Oliveira & Rabechini Jr, 2019). Required: • Write an essay in which you assess the approaches to managing project stakeholders, including methods for resolving conflicts of interest, establishing effective communication channels, and how these approaches affect the success of projects and stakeholder […]
Posted: May 20, 2024
QUESTION 1 (20 marks) James Biggs is a new Trainee Auditor for Arthur Panders Incorporated. He has just completed his three-year degree and is very excited to join the firm. His father is the CEO of Basic Furniture (Pty) Ltd, and he indicated to Chester, one of the Partners of Arthur Panders, that Basic Furniture (Pty) Ltd is currently looking for auditors. Chester is very […]
Posted: May 15, 2024
QUESTION 1 (63 marks) Fixbox Ltd (“Fixbox”) and Gearup Ltd (“Gearup”) are two companies that sell tools. Both entities have a 31 December financial year-end. The following trial balances were obtained from the financial records of Fixbox and Gearup for the financial year ended 31 December 2023: Trial balance Fixbox Ltd (R) GearupLtd (R) DR CR DR CR Ordinary share capital (R1 each for all […]
Posted: May 6, 2024
QUESTION 1 (59 marks) Mr. James Storm is an investment consultant employed at Standard Peak Ltd (“Standard Peak”). Each investment consultant of Standard Peak is allocated their own portfolio of existing and new clients. Accordingly, Mr James Storm has also been assigned a portfolio of clients to assist. The following clients allocated to Mr James Storms currently have queries and require assistance: CASE 1: MRS […]
Posted: April 30, 2024
QUESTION 1 (34 Marks) Karoo Ltd is a retailer of furniture and fittings that allows customers to buy on credit. The following information pertains to Karoo’s for the year ended 31 March 2024: Extract from the pre-adjusted trial balance of Karoo as at 31 March 2024 Trade receivables R2 208 960 Allowance for doubtful debts R220 896 The following are the policies of Karoo Ltd: […]
Posted: April 24, 2024
QUESTION 1 (40 marks) Linda, a 68-year-old South African resident, has been a full-time employee at Aqua Limited (‘Aqua’) since 2005. She works at Aqua’s Gauteng branch. The following information relates to Linda’s 2024 year of assessment: 1. Linda earned a monthly salary of R57 000 from Aqua for the period 1 March 2023 to 29 February 2024 (247 working days). Linda was obliged to […]
Posted: April 20, 2024
Question 1: 1.1) Describe the difference between the terms Cost and Price. (4 Marks) 1.2) Gregory is given a weekly allowance of R50 to spend on his two favourite snacks, Coke and Lays chips. The price of Coke is R10 and the price of Lays chips is R5. He spends his entire allowance on these two goods. Using the information provided, complete the table below […]
Posted: April 16, 2024
