FAC1502 Assignment 5 Due 5 November 2024

1/4/24, 11:17 AM
Assessment 5 (page 1 of 2)
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FAC1502-24-S2 Welcome Message Assessment 5
QUIZ
Assessment 5
Opened: Monday, 4 November 2024, 8:00 AM
Closes: Tuesday, 5 November 2024, 8:00 AM
Attempts allowed: 1
Time limit: 1 hour 20 mins
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
State
Grade /
100.00 Review Feedback
Finished
93
20
You passed this assessment with a
Submitted Monday,
distinction. Keep up the good work.
4 November 2024, 7:32 AM
Question 1
You are given the following transactions for an entity that uses the periodic inventory
system:

Transaction Details
Answer saved
Marked out of
9.00
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1
Sold inventory on credit to Mr L Thando for R9 600 (VAT exclusive)
2
Returned goods to WW Suppliers and received a credit note for R4 200