QUESTION ONE [20] Show how the below transactions affect the financial position of the business as represented by A = E + L. You need to clearly indicate whether the element has increased or decreased and provide the relevant amount and account that would be affected. EG. The business pays R6 333 per month for the rental of some business premises. All rentals were paid […]
Posted: October 30, 2023
QUESTION ONE [25] List and discuss the two main factors of economic growth in terms of the production possibility frontier. (10) Evaluate four (4) factors that affect the demand curve according to demand and supply analysis. (8) Assume there is an increase in the number of sellers in a market for a good or service. Analyse the economic effect on the equilibrium price and quantity […]
Posted: October 30, 2023
QUESTION ONE [40] Discuss the consequences of a company having a separate legal personality. (12) Contravention of the Companies Act 71 of 2008 is regarded as a criminal offence. In light of the above discuss the protective measures when determining a name for a company. (18) Discuss the application of the ultra vires doctrine. Refer to case law in support of your answer. (10) QUESTION […]
Posted: October 26, 2023
QUESTION ONE [21] Explain the purposes of law. (8) Discuss the origins of South African Law. (10) List the three (3) arms of Government. (3) QUESTION TWO [33] Distinguish between Substantive Law and Procedural Law. (6) Explain each of the following terms: Void Contract (3) 2.2.2. Voidable Contract (3) Discuss the case of Salomon v Salomon and Co Ltd [1897] AC 22 (HL) in relation […]
Posted: October 26, 2023
QUESTION ONE [45] Peter and Pan are partners in Captain Hook Stationers. The list of balances as at 31 December 2022, before additional information was considered, is as follows: Description Amount Office furniture and equipment 525 000 Accumulated depreciation on office furniture and equipment 65 000 Inventory 84 560 Bank 675 895 Debtors control 65 875 Allowance for credit losses 2 675 Long-term loan 432 […]
Posted: October 12, 2023
Flexibility and financial security are not negotiable, Gen Z says The pandemic has pushed flexibility to the forefront, and continued demand for this model illustrates the well-being priorities for today’s workforce. Generation Z makes up a higher percentage of the workforce now, but the flexibility Gen Z is seeking is not a top priority for many business leaders, according to a new report. An Economist […]
Posted: September 14, 2023
QUESTION ONE [25] N Sibiya is the sole owner of Sibiya’s General Dealers. At 31 March 2021 the entity had the following assets and liabilities: (show all workings): R Equipment…………………………………………………………. 36 000 Inventory…………………………………………………………… 108 000 Bank (favourable)…………………………………………………. 18 000 Trade receivables control………………………………………… 84 000 Accrued expenses………………………………………………… 12 000 Trade payables control…………………………………………… 72 000 Required: Calculate the Net Asset Value of Sibiya’s General Dealers at […]
Posted: September 14, 2023
QUESTION ONE [35] Discuss the Duties of the Audit Committee of a Company. (17) Examine the Role of the Company Secretary. (18) QUESTION TWO [20] Explain how Shareholders exercise their Voting Rights? QUESTION THREE [35] Discuss the Liability of Directors and Prescribed Officers with reference to Section 77 of the Companies Act. (17) Model your understanding of Relief from Oppressive or Prejudicial Conduct in terms […]
Posted: September 12, 2023
Question 1: Wisdom Paine, a qualified dentist, decided to set up his own practice Paine-free Dentistry. The following are transactions for March 2020, the first month of business activities. Date Transactions Example 1.3.2020 W Paine, the owner, deposited R100 000 as his opening capital. 2.3.2020 3.3 6.3 7.3 10.3 16.3 24.3 27.3 28.3 31.3 W […]
Posted: September 11, 2023
QUESTION ONE [30] “The aggregate demand curve, like the demand curves for individual goods, is downward sloping, implying that there is an inverse relationship between the price level and the quantity demanded of real gross domestic product.” In terms of the above statement, examine the three (3) reasons for the downward-sloping shape of the aggregate demand curve. QUESTION TWO [20] “Monetary policy is the macroeconomic […]
Posted: August 31, 2023
