252435/ 11241 – Apply basic invoicing and accounting principles: Section B – Summative Assessment
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Question 1 of 18
1. Question
Question 1 (SO 1, AC 1, AC 2)
Identify revenue and expenditures from the following list;
- Bank interest
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Question 2 of 18
2. Question
•Rent
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Question 3 of 18
3. Question
•Carriage outwards
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Question 4 of 18
4. Question
- Salary
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Question 5 of 18
5. Question
- Discount received
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Question 6 of 18
6. Question
- Depreciation
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Question 7 of 18
7. Question
- Sales
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Question 8 of 18
8. Question
Question 2 (SO 2, AC 4, AC 5)
I.) Identify 2 examples of variable costs that could be confused as fixed costs.
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Question 9 of 18
9. Question
II.) Identify and describe the consequences of confusing a variable cost for a fixed cost.
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Question 10 of 18
10. Question
Question 3 (SO 4, AC 1, AC 3)
Identify 4 examples of landside and surface charges in air and ocean freight.
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Question 11 of 18
11. Question
Identify 4 examples of disbursement charges in ocean freight.
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Question 12 of 18
12. Question
Question 4 (SO 4, AC 7)
Identify 3 methods that an organisation can use to send out supplementary invoices to clients.
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Question 13 of 18
13. Question
Question 5 (SO 5, AC 1)
01/02/2012 We sold R50 000 worth of computers to CFX, a company in Zambia. We paid cartage charges of R8 000 cash on their behalf.
I.) Show the double entry transaction for the payment.
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Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 14 of 18
14. Question
Question 5 (SO 5, AC 1) 01/02/2012 We sold R50 000 worth of computers to CFX, a company in Zambia. We paid cartage charges of R8 000 cash on their behalf.
II.) Show the double entry transaction for the transfer to the disbursement account.
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This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 15 of 18
15. Question
Question 6 (SO 5, AC 2)
On the 30/03/2013 we received an order from our usual client T&D computers for the purchase of 800 computers (each costing R6000). We sent the computers to the airport for shipment the next day. Since the computers had to be stored until the next day we had to pay storage fee of R105 000. We paid with a cheque
I.) Show the double entry transaction for the payment.
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This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 16 of 18
16. Question
Question 6 (SO 5, AC 2)
On the 30/03/2013 we received an order from our usual client T&D computers for the purchase of 800 computers (each costing R6000). We sent the computers to the airport for shipment the next day. Since the computers had to be stored until the next day we had to pay storage fee of R105 000. We paid with a cheque
II.) Show the double entry transaction for the transfer to the disbursement account.
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This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 17 of 18
17. Question
Question 7 (SO 5, AC 3)
Computer Center bought R1 000 000 worth of laptops and tablets from our company on the 1st of May 2013. Since the consignment required extra security during delivery we hired CTM security to escort the cargo. We paid CTM security R50 000 (cash) on behalf of Computer Word.
I.) Show the double entry transaction for the payment.
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This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -
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Question 18 of 18
18. Question
Question 7 (SO 5, AC 3)
Computer Center bought R1 000 000 worth of laptops and tablets from our company on the 1st of May 2013. Since the consignment required extra security during delivery we hired CTM security to escort the cargo. We paid CTM security R50 000 (cash) on behalf of Computer Word.
II.) Show the double entry transaction for the transfer to the disbursement account.
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This response will be awarded full points automatically, but it will be reviewed and possibly adjusted after submission.
Grading can be reviewed and adjusted.Grading can be reviewed and adjusted. -