ECO 101 Test 2: 23 March 2010
\RHODES UNIVERSITY
DEPARTMENT OF ECONOMICS AND ECONOMIC HISTORY
TEST 2: 23 March 2010
ECONOMICS 101
Examiner: Professor G.G. Antrobus
Marks: 40
Professor G.C.G. Fraser
Time: 90 minutes
_
1. All questions are to be answered.
2
Question 1
Special ledger accounts for transactions between the partners and the partnership
On 21 February 2011, A Apple and P Pie decided to form a partnership trading as Applepie
Furnitue and Fittings. The partnership will commence trading on 1 March 2
Special ledger accounts for transactions between the partners and the partnership
On 21 February 2011, A Apple and P Pie decided to form a partnership trading as Applepie
Furnitue and Fittings. The partnership will commence trading on 1 March 2011 and
bot
Requireme
nts for this
paper:
Multiple
choice
cards:
Nonprogram
mable
pocket
calculato
r:
Graph
paper:
X
Openbook
exam:
Laptop
compute
r:
TEST 1:
AUGUST 2009
DEGREE/DIP B Com (CA, FOR
LOMA:
and CIMA)
SUBJECT CODE:
SUBJECT:
ACCC 121
FINANCIAL ACCOUNTING
DU
Debentures
Fundamentals Of Accounting
Learning Objectives
After studying this unit, you will be able to:
Understand the meaning and basic purpose
for raising debentures by the company
Differentiate between shares and debentures
of a company
Understand
RHODES UNIVERSITY
DEPARTMENT OF ACCOUNTING
ACCOUNTING 101
PROGRESS TEST: 5 MAY 2010
SUGGESTED SOLUTIONS
QUESTION
MARKS
POS
1
67
2
33
TOTAL
100
ACT
QUESTION 1
SUGGESTED SOLUTION
1.
Debit
1 June
Dr Bank (A)
30 000^
Cr Bank loan: ABC Bank (L)
3 June
Dr Inven
DEPARTMENT OF ACCOUNTING
EXAMINATION : JUNE 2010
ACCOUNTING 101
EXAMINERS:
Mrs LP Bezuidenhout
Ms N Brouwer
Mr J Hefer
MARKS:
DURATION:
MODERATORS:
100
3 hours
Mrs P Townsend (External)
NOTES:
1.
Answer ALL questions.
2.
Start each answer on a new page.
3
DEPARTMENT OF ACCOUNTING
EXAMINATION : JUNE 2009
ACCOUNTING 101
EXAMINERS:
MODERATORS:
Mrs P Bezuidenhout
Mr J Hefer
Mrs P Townsend (External)
Mrs J Pretorius (Internal)
MARKS:
DURATION:
200
3 hours
NOTES:
1.
Answer ALL questions.
2.
Start each answer on
FinancialAccounting1B
AFI3592
Tutorial5
IntroductiontoCompanies
August10th,2012
TLNakweenda
The essential principles that you should know before you
attemptthefollowingintegratedquestionare:
Knowthedifferencebetween:
Ordinarysharesandpreferenceshares.
Cum
University of Namibia
Accounting Department
Financial Accounting, AFI 3592
Tutorial 5
August 10th, 2012
Instructions to candidates:
The following questions serve as self-assessment for Introduction to Companies.
Show all your workings clearly and in log
University of Namibia
Accounting Department
Financial Accounting, AFI 3592
August 1st, 2012
T.L Nakweenda
Office: D-0107
Ext: 3186
Email: [email protected]
SUGGESTED SOLUTION TO Q.2
TUT. 2: COMPULSORY-HOMEWORK
Note: This Suggested solution may be subject
University of Namibia
Accounting Department
Financial Accounting, AFI 3592
Tutorial 1
Suggested solution
July 31th, 2012
NON-PROFIT ORGANIZATIONS
Q.1.
1.
Fun and Games Club
Bar trading statement for the year ended 31 December 2003
N$
Sales (72 750 + 15 60
University of Namibia
Accounting Department
Financial Accounting, AFI 3592
Tutorial 1
July 31th, 2012
Q. 1 (25 marks: 30 minutes)
Fun and Games is a club which caters for people who enjoy playing different board games and at
the same time meeting new peop
RedemptionofRedeemablePreferenceshares
Different ways of redemption of preference
shares- Section 98, Companies Act:
1.
Redemption of preference shares by means of a
new share issue
2.
Redemption of preference shares by means of
retained earnings
3.
Redem
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May 24, 2012
What is the
Trade and other receivables
Contents
Objectives
Introduction
Valuation of receivables
Receivables from sales of goods and services and from miscellaneous sources
Trade receivables
Measuring trade receivables
Estimating probability of collection
Doubtful d
ACCOUNTING FOR INVENTORY AND VALUE ADDED TAX (VAT)
According to statement IAS2 Inventories, inventories are assets:
(a) Held for sale in the ordinary course of business;
(b) In the process of the production for such sale; or
(c) In the form of materials o
Inventory
Activities
Activity 1 (10 minutes)
SRC Traders commenced business on 1 April 2010. The following data for April 2010 is available for inventory
item A:
Inventory data Item A
April 2010
Date purchased
Purchases units
Unit price
Cost of sales
Apri
2. EVERYDAY ARITHMETIC
The part of mathematics that deals with numbers and counting or calculation is known
as Arithmetic. For a person belonging to any profession, knowledge of Arithmetic is essential
to cope up with the needs of daily life.
A good comma
9. INTEGRAL CALCULUS
9.1 Introduction:
Calculus deals principally with two geometric problems.
(i) The problem of finding SLOPE of the tangent line to the curve, is
studied by the limiting process known as differentiation and
(ii) Problem of finding the A
8. DIFFERENTIAL CALCULUS
Calculus is the mathematics of motion and change. When increasing or
decreasing quantities are made the subject of mathematical investigation, it
frequently becomes necessary to estimate their rates of growth or decay.
Calculus wa
1.2.3. Summation of some special series
Sum of the first n natural numbers :
1 + 2 + 3 + . + n =
n
n
1
This is an A.P where a = 1, d = 1, = n
n
n
n
n(n + 1)
Sn = [a + ] = [1 + n] n =
2
2
2
1
Example 64: Find the sum of 1 + 2 + 3 + + 30
n (n + 1)
Solution
1.
NUMBER THEORY
1.0 INTRODUCTION
Since vedic period Indians used numbers and fractions. They also used irrational
numbers. Greeks did not regard irrational numbers as numbers at all. But Indians treated all
numbers alike and this served them well in the
1. MATRICES AND DETERMINANTS
1.1 Matrix Algebra
1.1.1 Introduction
The term matrix was first introduced by Sylvester in 1850. He defined a
matrix to be an arrangement of terms. In 1858 Cayley outlined a matrix algebra
defining addition, multiplication, sc
3. ALGEBRA
3.1 Partial Fractions:
Definitions:
p(x)
An expression of the form q(x) where p(x) and
q(x) 0 are polynomials in x is called a rational expression.
2
3x + 2x-1
5x 2
,
are examples for rational
The expressions
2
2
x + x 22
x + 3x + 2
expressions