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UNISA
2024
FAC1501-24-S1
Welcome Message
Assessment 2
QUIZ
Assessment
Side panel
UNISA
2024
FAC1501-24-S1
Welcome Message
Assessment 2
QUIZ
Assessment 2
Started on Tuesday, 2 April 2024, 7:16 PM
State Finished
Completed on Tuesday, 2 April 2024, 8:01 PM
Time taken 45 mins
Marks 0.91/40.00
Grade 2.27 out of 100.00
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Question 1
Partially correct
Mark 0.91 out of 5.00
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Question text
Mekgoe Florist is situated in the Western Cape. The business is a registered VAT vendor and makes use of the perpetual inventory system. During the month of March 2024, Mekgoe Florist maintained a favourable bank balance. The VAT rate is 15%.
On 28 March 2024 Mekgoe Florist received a tax invoice from Mazwi Stores (registered VAT vendor) for R16 445 (VAT inclusive) for new tables to use in the shop′s exhibition at the annual bridal show and made an electronic funds transfer in settlement. Internet banking notice of payment 010 was issued.
Required:
Record the transaction on 28 March 2024 in the correct subsidiary journal of Mekgoe Florist.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (zero)
4. If a column name is not applicable, choose N/A from the dropdown menu.
5. Only show the amount, do not show the ″R″ (eg: 1000)
Mekgoe Florist
Answer
– March 2024
Answer
CPJ1
Mark 0.00 out of 1.00
Sundry accounts
Doc No
Day
Details
Fol
Answer
N/A
N/A
Mark 1.00 out of 1.00
Bank
Inventory
VAT Answer
Output
Amount
Fol
Details
010
28
Answer
Mazwi Stores
Mazwi Stores
Mark 1.00 out of 1.00
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