202_2011_2_e - FAC1502/202/2/2011 SCHOOL OF ACCOUNTING...

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FAC1502/202/2/2011 SCHOOL OF ACCOUNTING SCIENCES DEPARTMENT OF FINANCIAL ACCOUNTING ACCOUNTING COURSE FAC1502 TUTORIAL LETTER 202 FOR FAC1502 SOLUTION ASSIGNMENT 02/2/2011 (SECOND SEMESTER) Dear Student Enclosed you will find the solution to assignment 02/2/2011. It is in your own interest to work through the assignment in conjunction with the solution and your answer. Refer to paragraph 7 of tutorial letter 101/3/2011 for more information regarding the examination. The examination paper is a two-hour paper and consists of “long type” questions.
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2 TELEPHONE NUMBERS Please replace the telephone numbers listed in paragraph 3.1 of Tutorial Letter 101/3/2011 with the following number: ± The telephone number assigned to FAC1502 is 012 429 4245. Prof D Scott Ms A du Plessis Mr P Maraisane Ms KA Nkome Mr D von Well Ms JHJ Coetzee (Secretary) PLEASE NOTE We are available for telephone enquiries from 08:00 to 16:00 on weekdays. ANNEXURE A: EXAMINATION INFORMATION ANNEXURE B: SOLUTION ASSIGNMENT 02/2/2011 (SECOND SEMESTER)
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FAC1502/202/2/2011 3 ANNEXURE A: EXAMINATION INFORMATION (TIPS) A. Your examination paper will start with the following information and/or instructions: Use of a non-programmable pocket calculator is permissible. PLEASE NOTE: 1. Ensure that you are writing the correct examination paper (FAC1502). 2. Ensure that you are handed the correct examination answer book (BLUE) by the invigilator. 3. All questions must be answered. 4. Basic calculations, where applicable, must be shown. 5. Each question must be commenced on a new (separate) page. 6. Please do not answer the paper in pencil. B. 1. Do the calculations in your script (not on the exam paper). 2. It is not necessary to answer the questions in number sequence. 3. The examination script consists of 12 pages. Every page has three columns on the right hand side. If you don’t want or cannot use the columns, ignore them and draw your own columns or T-accounts. You may open the book and use the left hand (Dr- side) as well as the right hand (Cr-side) page. Make sure that you indicate what is being debited and what is being credited. No marks will be allocated if you swap the debit and credit sides. Thus ensure that you know what must be debited and what must be credited. 4. When it is required of you to prepare one of the cash journals (CRJ or CPJ), please use a double page (e.g. page 2 and 3) to prepare the journal. Use the given columns, which will avoid the time consuming to draw several lines. 5. Ensure that you apply the correct format of the Statement of comprehensive income, Statement of financial position and Statement of changes in equity. 6. NB: Do your calculations on the page opposite to your actual answers. Marks are sometimes allocated for calculations. 7. Please commence each question on a new (separate) page. Basic calculations , where applicable, must be shown .
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This note was uploaded on 02/27/2012 for the course IT 101 taught by Professor Unsure during the Spring '11 term at University of South Africa.

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202_2011_2_e - FAC1502/202/2/2011 SCHOOL OF ACCOUNTING...

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