Questions and answers by

Tlokotsi Semela

Questions (45)

Bookkeeper calculated net profit to be R420 000, and the following adjustments were not recorded:-Bank charges were R820 -Owner
1. 1 answer
2. 117 views
What would be the effect on a business profit, which has been calculated including inventory at cost, of discovering that one of
1. 1 answer
2. 56 views
According to IAS 2 Inventories, which of the following costs should be included in valuing the inventories of a manufacturing
1. 1 answer
2. 110 views
Thunder Limited had inventory with a cost of R10,000 at the end of the financial period, 31 December 20.19.It estimated the net
1. 1 answer
2. 106 views
Any amount of write-down of inventories to net realisable value should be…a. Treated as a deferred expense and written off
1. 1 answer
2. 80 views
Which of the following costs must be expensed under IAS 2?a. Costs of purchase that are paid to the suppliers of raw materials.
1. 1 answer
2. 82 views
Sticky Ltd manufacturers and sells adhesive warning signs for workplaces.The stock of signs was included in the closing
1. 1 answer
2. 74 views
Trace’s Ltd business sells three products: A, B and C. The following information was available at the year-end:Product A:
1. 1 answer
2. 126 views
Zippy Machines Ltd is in the business of procuring a specific type of machine and sells them to international markets.During the
1. 1 answer
2. 100 views
The estimated selling price in the ordinary course of business, less any completion costs and costs of sale is called…?
1. 1 answer
2. 84 views
The closing inventory of AB Ltd amounted to R116,400 excluding the following two inventory lines:(a) 400 items which had cost R4
1. 1 answer
2. 67 views
Shaw Ltd imported raw materials from China worth R100,000.They paid R8,000 as import duties and R2,000 as import taxes (the
1. 1 answer
2. 76 views
Zippy Machines Ltd is in the business of procuring a specific type of machine and sells them to international markets.During the
1. 1 answer
2. 93 views
What would be the effect on a business profit, which has been calculated including inventory at cost, of discovering that one of
1. 1 answer
2. 67 views
Sticky Ltd manufacturers and sells adhesive warning signs for workplaces.The stock of signs was included in the closing
1. 1 answer
2. 71 views
ABC Ltd has the following inventory records for the month of January 20.20January 1 Inventory on hand: 50 units at a cost of R10
1. 1 answer
2. 109 views
Which of the following is allowed as a cost of inventory under IAS 2?a. Abnormal waste b. Storage costs c. Selling costs d.
1. 1 answer
2. 73 views
a.Treated as a deferred expense and written off based on the average inventory holding period. b. Recognise as an expense in the
1. 1 answer
2. 93 views
Trace’s Ltd business sells three products: A, B and C. The following information was available at the year-end:Product A:
1. 1 answer
2. 103 views
Which of the following costs are not included while computing the cost of purchase of Inventories (IAS 2)?a. Purchase Price b.
1. 1 answer
2. 93 views
Thunder Limited had inventory with a cost of R10,000 at the end of the financial period, 31 December 20.19.It estimated the net
1. 1 answer
2. 102 views
Shaw Ltd imported raw materials from China worth R100,000.They paid R8,000 as import duties and R2,000 as import taxes (the
1. 1 answer
2. 150 views
Which of the following costs must be expensed under IAS 2?a. Costs of purchase that are paid to the suppliers of raw materials.
1. 1 answer
2. 105 views
estimated selling price in the ordinary course of business, less any completion costs and costs of sale is called…?a. Present
1. 1 answer
2. 79 views
According to IAS 2 Inventories, which of the following costs should be included in valuing the inventories of a manufacturing
1. 1 answer
2. 102 views
The closing inventory of AB Ltd amounted to R116,400 excluding the following two inventory lines:(a) 400 items which had cost R4
1. 1 answer
2. 75 views
Inonge is 13 years old. She is the eldest of five children and has four younger brothers. They live with their mother, father,
1. 1 answer
2. 121 views
Inonge is 13 years old. She is the eldest of five children and has four younger brothers. They live with their mother, father,
1. 1 answer
2. 118 views
Inonge is 13 years old. She is the eldest of five children and has four younger brothers. They live with their mother, father,
1. 1 answer
2. 111 views
Inonge is not doing very well at school. Although she is bright, her homework is often poorly done, or not done at all, and she
1. 1 answer
2. 104 views
How can I convert Facebook group to Facebook page
1. 1 answer
2. 82 views
Which approach are you going to consider as a teacher when a child is aggressive and violent at a school. How are you going to
1. 1 answer
2. 60 views
Happy Valentine's day to my girlfriend
1. 1 answer
2. 76 views
Letter to request volunteerism to teach at Sekgutlong high school as I'm teaching student
1. 1 answer
2. 134 views
Letter to request volunteerism to teach at Sekgutlong high school
1. 1 answer
2. 120 views
Message to my girlfriend telling how much I love her
1. 1 answer
2. 92 views
How to deal with dementia/alzheimer
1. 1 answer
2. 92 views
Types of Brain sickness
1. 1 answer
2. 53 views
Types of Braid sickness
1. 1 answer
2. 103 views
Persal number
1. 1 answer
2. 48 views
Pursal number
1. 1 answer
2. 51 views
Perusal number
1. 1 answer
2. 53 views
Appeal to University of the Free State for asking permission to register for the following modules that I've failed twice,
1. 1 answer
2. 112 views
Happy new year to my best friend Keitumetse
1. 1 answer
2. 72 views
Happy new year message to my girlfriend Tumi
1. 1 answer
2. 94 views

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