Bcom Law Y1 AA JAN 2022 CH

REGENT Business School
Bachelor of Commerce Law

Year 1
JANUARY 2022
Academic and Assessment

Calendar
BACHELOR OF COMMERCE LAW YEAR 1 – ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE
CONTENTS PAGE
1. MESSAGE FROM THE PROGRAMME COORDINATOR 2
2. PURPOSE OF ACADEMIC AND ASSESSMENT CALENDAR 3
3. CONTACT INFORMATION 3
4. STUDENT SUPPORT SERVICES 4
5. PROGRAMME STRUCTURE AND DUE DATES 5
6. WORKSHOPS 6
7. PROGRAMME ASSESSMENT 6
8. ASSIGNMENT SUBMISSION GUIDELINES 7
9. PRESCRIBED/RECOMMENDED READINGS 8
10. ASSIGNMENT SCHEDULE 9
11. EXAMINATIONS 41
APPENDIX A: ASSIGNMENT COVER SHEET 42
REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 1

1. MESSAGE FROM THE PROGRAMME COORDINATOR
Welcome to REGENT Business School (RBS)
It gives me great pleasure in addressing you as the Programme Coordinator for the Bachelor
of Commerce in Law Programme
We at REGENT Business School are excited that you have joined our team and we hope
that this year brings you much enjoyment, enthusiasm and most importantly a fruitful
academic learning experience.
The Bachelor of Commerce programme at REGENT Business School is an expansive

programme incorporating Commerce and Law modules. The programme content is
designed to provide students with graduate-level knowledge, specific skills and applied
competence. The envisaged programme provides opportunities for continued personal
intellectual growth, gainful economic activity and for making rewarding contributions to
society.
Through the duration of your studies, you will receive academic support from your facilitators.
Electronic content will be uploaded to the student portal. Studying towards this programme
requires a lot of hard work, but there is no better sense of personal achievement than the
satisfaction experienced at graduation upon completion of your studies. Keep this goal in
mind throughout your studies.
I therefore wish you the very best throughout your studies and look forward to getting to know
you better in the months ahead.
Please feel free to contact me for Academic support required.
Best wishes and welcome to REGENT Business School.

Munira Osman
BCom Law Programme Coordinator

2. PURPOSE OF ACADEMIC AND ASSESSMENT CALENDAR
The objective of the academic and assessment calendar is to clearly define the rollout for the
academic year ahead, and assist the student in grasping the assessment terminology and
requirements. Students will find the programme structure inclusive of the module outlines,
timeframes and other important deliverables.
The calendar contains all the formative assessments that need to be completed and
submitted, together with the summative assessment dates.
The assessment and academic calendar is a supplementary booklet, and it is
imperative that it be referenced in conjunction with the General Handbook for the
academic year.
3. CONTACT INFORMATION
3.1 RBS OFFICES
REGENT Business School offers its academic programme via the distance learning mode of
delivery. All administration of academic programmes are conducted at REGENT Business
School Head Office in Durban. The Johannesburg Office provides administrative and support
services and helps facilitate communication between the Head Office and students.
The contact details of the offices are follows:

Durban Johannesburg
Physical Address:
Physical Address:
13 Frost Avenue, Sunnyside,
35 Samora Machel (Aliwal) Street
Auckland Park,
Durban,
Johannesburg,
4001,
2092
South Africa
Postal Address:
Postal Address:
PO Box 291353
PO Box 10686
Melville
Marine Parade, 4056, South Africa
Johannesburg, 2109, South Africa
Telephone: +27 31 3044626 or 0861 727 622
Telephone: +27 11 4821404
Fax:+27 31 3047303
Fax: +27 11 4825299
WEBSITE: http://www.regent.ac.za
Email: studentsupport@regent.ac.za

4. STUDENT SUPPORT SERVICES: STUDENT INFORMATION DESK (SID)
Student Centric education is one of the major policy objectives of REGENT Business School.
In pursuance of this policy, the institution established a dedicated office to deal with student
enquiries called the Student Information Desk (SID). SID is managed by a team which is
committed to the principle of excellence in service delivery.
Perhaps, more importantly, SID gives intrinsic meaning and credence to the institution’s
motto – “Taking The Distance Out Of Distance Learning”. The team at SID ensures that the
many challenges and problems experienced by students at a distance are dealt with
efficiently.
Furthermore, in an effort to coordinate all student queries and ensure timeous and
appropriate feedback; a specially designed system has been developed with the following
focus:
➢ Formalise all queries and generate reference numbers for future communication.
➢ To coordinate communication between students and different divisions of the
Business School.
➢ To follow-up on each query and bring it to a closure.
➢ To identify student challenges and strategise support with a view to mitigating
challenges.
Once again on behalf of the management and support team, REGENT Business School
would like to confirm its commitment to students to ensure that you have a rewarding and
fulfilling study experience.
We wish you everything of the best with your studies. Please feel free to contact the support
staff of RBS.
We are committed towards your success.

studentsupport@regent.ac.za

5. PROGRAMME STRUCTURE
BACHELOR OF COMMERCE LAW YEAR 1
SEMESTER MODULES YEAR MODULES (ANNUAL)

(EXAMINATIONS IN SEMESTER 2)
(EXAMINATIONS IN SEMESTER 1)
• Business Management 1
• Business Communication 101
• Economics 1
• Fundamentals of the South African Legal Systems
• Accounting 1
SEMESTER MODULES SEMESTER MODULES

(EXAMINATIONS IN SEMESTER 1) (EXAMINATIONS IN SEMESTER 2)
• Financial Law
• Information Systems
• Public Law
• Business Law
• E-Commerce Law
SEMESTER MODULES SEMESTER MODULES

(EXAMINATIONS IN SEMESTER 1) (EXAMINATIONS IN SEMESTER 2)
• Business Ethics
• Taxation
• Labour Law
• Property Law
• International Business Law
• Consumer Law
6. WORKSHOPS
6.1. Format for Delivery

Workshops will be held in Webinar format. A schedule with links will be sent through via
email.

SEMESTER ONE: JANUARY – JUNE 2022 WORKSHOP

SEMESTER ONE START DATE
• Fundamentals of the South African Legal

System
• Business Communication 101 12 March 2022

• Accounting 1
• Economics 1
SEMESTER TWO: JULY – DECEMBER 2022 WORKSHOP
SEMESTER TWO START DATE
20 August 2022
• Accounting 1
• Economics 1
A DETAILED WORKSHOP/WEBINAR SCHEDULE WILL BE UPLOADED TO THE STUDENT

PORTAL.
7. FORMATIVE ASSESSMENT (ASSIGNMENTS)
• For annual modules a student is required to submit two assignments per module
(assignment 1 and assignment 2) [formative] and one formal written examination
(summative). Both assessments are compulsory.
• For semester modules a student is required to submit one assignment (formative) and
one formal written examination per module (summative). Both assessments are
compulsory.
• The final mark is computed as a weighted average of 40% from the formative
component and 60% of the summative component.
N.B A student is required to obtain a final mark of at least 50%, a sub-minimum of
30% for the formative component and at least 40% for the summative component to
pass a module.
• Refer to the General Handbook, for details pertaining to REGENT Business School’s
Assessment Policy

8. ASSIGNMENT SUBMISSION GUIDELINES
The submission of assignments is compulsory. Students who do not submit an assignment

for a module may be refused entry to the examination in that module. There is normally one
assignment per module. The dates indicated in the assignment submission schedule are the
final due dates. Students will be penalised if they submit assignments after the final
submission date. Hand written assignments will not be accepted.
Ensure that an assignment cover page is attached to your assignment before submitting.
Please print your own assignment cover page. Assignments that do not have an assignment
cover page will not be processed for assessment. A sample copy is attached at the back of
this academic and assessments calendar.
8.1 Mode of Submission

Kindly note that all assessments for your registered modules must be submitted through the
REGENT Online portal.
Take note of the following important requirements:
• Ensure that you use a computer, or an appropriate device
• Ensure that you have stable internet connectivity.
• You must be online to download the assignment question and online to upload your
answer booklet
To submit your assessments, please note the following steps:
Step 1: Click on your browser, and type in https://regentonline.ac.za
Step 2: Enter in your student number and password
Your login password format is Rbsddmmyyyy, where ddmmyyyy is your date
of birth.
Once you have typed in your student number and password, click on Login.
Step 3: Click on the module that you want to submit the assignment for.
Step 4: Now click on Compulsory Assignment. (this is a section heading in your
course)
Step 5: Read through the instructions for the assignment. A detailed guideline
document is available on the portal
Should you have any queries, then kindly write to studentsupport@regent.ac.za
• It is imperative that the General Handbook be further referenced on the assignment rules
and guidelines for submission of assignments.

9. PRESCRIBED/ RECOMMENDED READINGS
Based on the publication of new editions as well as ongoing programme design

development and review, the prescribed lists of textbooks are subject to revision on a
regular basis. The latest edition of each book should beused. Students are further
encouraged to consult their module guides for additional and recommended readings.
MODULE PRESCRIBED READINGS

Title: Effective Communication in Organisations- 4TH
Business Edition 2019
Communication 101 Author/s: Fielding
Publisher: Juta
Title: Klein, D.,Viljoen F., Zitzke, E and Madi, P. (2018).

Beginners Guide for Law Students. 5th ed. Juta and
Fundamentals of the Company
South African Legal
System Author/s: Humby T., Kotzé L., Du Plessis, A., Du Plessis,
W., Barnard-Naudé J., Freedman, W., Mahler-Coetzee, J.,
Bronkhorst, C., Bellengère, A., Swanepoel, N., Karels, M.,
Keevy, I and Letsoalo D. (2017).
Publisher: 8th Impression by Oxford University Press.
Title: Business Management - A Value Chain Approach-
2nd Edition Revised 2018
Business Management 1
Author/s: Nieman and Bennet
Publisher: Van Schaik
Title: Economics for South African Students – 6th Edition,

2020
Economics 1
Author/s: Mohr P, Fourie and Associates
Publisher: Van Schaik
Title: Financial Accounting: Fresh Perspectives, 2017
Accounting 1 Author/s: Lodewyckx, Lotter, Rhodes, Seedat and Claase
Publisher: Prentice Hall
All prescribed textbooks may be purchased from Shesha Books or any other
accredited bookseller. You can contact Shesha Books on +27 31 3322702 or email
sales@sheshabooks.co.za for further details.

10. ASSIGNMENT SCHEDULE
ASSIGNMENT SUBMISSION
MODULE DATE
SEMESTER ONE
Business Communication 101

18 March 2022
Fundamentals of the South African Legal

System 28 March 2022
Business Management 1 – Assignment 1

06 April 2022
Economics 1 – Assignment 1
19 April 2022
Accounting 1 – Assignment 1
28 April 2022
SEMESTER TWO
Business Management 1 – Assignment 2

31 August 2022
Economics 1 – Assignment 2
07 September 2022
Accounting 1 – Assignment 2
21 September 2022

10.1 ASSIGNMENT QUESTIONS: SEMESTER ONE (JANUARY – JUNE 2022)
10.1.1 BUSINESS COMMUNICATION 101 [100]

QUESTION ONE [50]
Samsung marketing communication mix utilises a number of marketing communication

channels such as print and media advertising, sales promotion, events and experiences and
public relations. Samsung Electronics uses these channels in an integrated manner
(Dudovskiy, 2018).
According to West & Turner (2007), the three most well-known models for Communication
are Linear, Interactional, and Transactional. Each model sheds light on the development of
communication but emphasises different parts of the communication process.
1.1 As a communications expert at Samsung, write an essay that explains all three (3)
models of communication. Use practical examples to support your explanation. (30)
1.2 As a communication strategist at Samsung, explain the four basic strategies for active
listening and discuss the benefits of active listening. (20)
QUESTION TWO [25]
2.1. Controlling your body language is crucial for creating a good impression, and also for
showing the brand or company that you work for in a good light. Think of it as
managing your business brand. You want to make sure you are sending the right
messages to your customers and not the bad ones that will drive them away.
(Extracted from: Sherman, 2018)
Non-verbal communication refers to the transmission of information by means other
than language.

By referring to the above, discuss the following non-verbal indications/cues in a

business setting.
2.1.1. Silence (5)
2.1.2. Proxemics (10)
2.2. Organisations can arrange different forms of interviews. It depends on the objectives
of taking the interview. Identify and discuss three (3) main interviews used in a
business. (10)
QUESTION THREE [25]

An application for a job is undertaken with a letter of application and a Curriculum Vitae (CV).
Therefore, it is crucial that they are well prepared and of a good quality.
Please review the job advert below and prepare the following: (a) an application letter and,
(b) a 2-page CV.
Financial Administrator Job at ABC Holdings

Our company is looking to hire a Finance Administrator. The ideal candidate must have
excellent communication and typing skills, and they must be able to work independently as
well as in a team with other administrative professionals.
Requirements include:
Bachelor’s Degree in Financial Management
Duties include:
• Daily reporting.
• Analysing targets.
• Meeting with department heads.
• Managing and coordinating monthly reporting, budgeting and reforecast processes.
• Liaising with accountant teams.
To apply for this position, please send an application letter and a 2-page CV to
abcholdings@kmail.com
END OF BUSINESS COMMUNICATION 101 ASSIGNMENT

10.1.2 FUNDAMENTALS OF THE SOUTH AFRICAN LEGAL SYSTEM [100]
QUESTION ONE [33]
1.1. The roots of modern South African law extend back to Roman law, Roman-Dutch
law, African customary law and English law, as well as religious-based systems
such as the Islamic, Hindu and Jewish legal systems. Customary Law focuses on
social practices that the community concerned accepts as obligatory. Expand on
what is considered African Customary Law. (7)
1.2. Section 9(1) of the Constitution expresses the rule of law as equality before the law
of ‘everyone’, as well as ‘the right to equal protection and benefit of the law’. List the
8 Characteristics of the Rule of Law. (8)
1.3. Itemise the primary sources of law in South Africa and provide a brief description of
each. (8)
1.4. Explain each of the following terms : -
1.4.1 Pacta Servanda (2)
1.4.2 Die (2)
1.4.3. Ex parte. (2)
1.4.4 Litigants (2)
1.4.5. prosecution (2)
QUESTION TWO [22]
2.1. Section 35 of the Constitution of the Republic of South Africa Act 108 of 1996 deals
with arrested, accused and detained persons, discuss the section 35 rights afforded
to these persons and cite the relevant section and subsection. (8)

2.2. The Honourable Minister, Mr. Julius Malema who is the head of the Economic
Freedom Fighters (EFF) political party has publicly announced that he is
contemplating suing the Daily News newspaper for publishing defamatory
statements in their paper whilst reporting on the current crisis in Senekal. Answer
the questions that follow: -
2.2.1. Briefly explain defamation law to Mr. Malema. (6)
2.2.2. Discuss with Mr. Malema the law in relation to Delict. Provide him with an
example to further explain your discussion. (8)
QUESTION THREE [25]

3.1. When considering the interpretation of the law within a constitutional context, Section
39(2) of the Constitution (Act 108 of 1996) requires that the courts adopt an
interpretative attitude that promotes the spirit, purport and objects of the Bill of Rights.
In your own words provide a discussion on the statutory interpretation and discuss the
decided case of S v Zuma 1995 (2) SA 642 (CC). (8)
3.2. Alternative Dispute Resolution (ADR) refers to all ways of resolving disputes other
than by litigation through the courts. Elaborate on this statement. (17)
QUESTION FOUR [20]

Tabulate between the two trial processes that have evolved in the law.
END OF FUNDAMENTALS OF THE SOUTH AFRICAN LEGAL SYSTEM

10.1.3 BUSINESS MANAGEMENT 1: ASSIGNMENT 1 [100]
QUESTION ONE [25]
1.1 The dairy dessert market has always been a competitive one. Still, recent changes in
consumer preferences, tastes, and more have made it even more difficult for today’s
gelato shops and producers. From chain-based wholesale gelato in shops to
independent creameries and dessert stores, many challenges must be overcome to
provide a high-quality product right for today’s market conditions (Nishitha, 2018).
Factors of production are referred to as the inputs needed to produce good and
service. In light of this, determine and discuss the factors of production that would be
appropriate to open an ice cream parlour. (16)
1.2 Identify and discuss three levels of management, found within a business. (9)
QUESTION TWO [25]

The emergence of the Classical Approach was influenced by the steam-engine which was a
product of the Industrial Revolution. Steam power provided for efficient production which in
turn led to a shift from farm work to factory work where the principle of mass production was
upheld. This shift from the agrarian mode to the factory system brought about a number of
organisational problems, such as poor motivation of workers.
In light of the above, discuss the theorist contributions to the Classical Management
Approach.
QUESTION THREE [25]

COVID -19 has impacted countries and business across the world bringing about
immense change.
3.1 In light of the above, analyse the external business environment for a
business of your choice in relation to the COVID-19 pandemic. (20)
3.2 Discuss one (1) opportunity and one (1) threat that has affected the
business above. (5)

QUESTION FOUR [25]

4.1 With the aid of appropriate examples, explain the importance of planning
to management. (15)
4.2 Describe how traditional management has had to adapt to modern digital
management. Provide examples to support your answer. (10)
END OF BUSINESS MANAGEMENT 1: ASSIGNMENT 1

10.1.4 ECONOMICS 1: ASSIGNMENT 1 [100]

QUESTION ONE [30]
1.1 Discuss how the production possibility frontier model can be used to illustrate the
basic economic problem of scarcity. (20)
1.2 Explain the consumer equilibrium condition according to utility theory. Include in your
answer the provision of its formula. (10)
QUESTION TWO [30]
2.1 List and explain four (4) factors that would result in the shift of the supply curve from
S1 to S2 in the diagram below. (20)
2.2 Discuss the two main types of related goods according to demand and
supply analysis. (10)

QUESTION THREE [30]
3.1 Discuss two (2) cases of price elasticity of demand. Use diagrams to motivate your
answer. (20)
3.2 Explain how, using elasticity as the basis for your answer, it can be determined
whether two goods, A and good B are complement goods or substitute goods in
consumption. (10)
QUESTION FOUR [10]

Discuss the type of price control that can be implemented by a government to protect
vulnerable labour in a country from being exploited. Substantiate your answer with
the aid of a diagram.
This is a research-based assignment and requires evidence of research
END OF ECONOMICS 1: ASSIGNMENT 1

10.1.5 ACCOUNTING 1: ASSIGNMENT 1 [100]
QUESTION ONE [15]

Four alternatives are provided for each of the following questions. Choose the correct
alternative for each of the questions/statements. Questions 1.1 to 1.5 carry
1 mark each. Questions 1.6 to 1.10 carry 2 marks each. Write down the question number
and the letter corresponding to your choice next to the question number.
E.g. 1.12 E
1.1 The components of a complete set of financial statements are the following:
A) Statement of financial position, Statement of changes in equity, Statement of
comprehensive income and Notes.
B) Statement of changes in equity, Statement of financial position, Statement of cash
flows and Statement comprehensive income.
C) Statement of financial position, Statement of cash flows, Statement of
comprehensive income, and Notes.
D) Statement of changes in equity, Statement of comprehensive income, Statement of
financial position, Statement of cash flows and Notes.
(1)
1.2 The elements shown in a set of financial statements are:

A) Assets, equity, liabilities, income and expenses.
B) Equity, liabilities, income, final accounts and assets.
C) Profit, losses, assets, control accounts and liabilities.
D) Assets, liabilities, income, expenses and nominal accounts. (1)
1.3 Which one of the following represents the net worth of an entity at any specific point in
time:
A) Statement of comprehensive income
B) Statement of financial position
C) Statement of cash flows.
D) Statement of changes in equity. (1)

1.4 “A resource under the control of an entity arising from past events from which future
economic benefits are expected to flow in to the entity” refers to which one of the
following:
A) Asset.
B) Income.
C) Liability.
D) Expense. (1)
1.5 “A decrease in economic benefits that results in a decrease in the equity of an entity
during a specific accounting period, except for distribution to owners”, describes which
one of the following:
A) Asset.
B) Income.
C) Expense.
D) Liability. (1)
1.6 Simphiwe, a student, bought 50 memory sticks at R40 each for cash. All the memory
sticks were marked to sell at R80 each. The sticks were sold for cash within 10 days,
as follows: 40 were sold at R80 each, 6 at R75 each and 4 at R70 each. The gross
profit percentage on sales (calculated to the nearest 2 decimal places) is;
A) 48,25%.
B) 49,11%.
C) 96,5%.
D) 100% (2)
1.7 On 3 January 2019 Zandile’s Boutique bought trade goods on credit from Nom’s
Wholesalers for R22 000, subject to a trade discount of 10%. A settlement discount of
5% is granted if the account is settled within 30 days from the date of purchase. If
payment for this purchase is made on 1 March 2019, which one of the following is the

amount that Zandile should pay Nom’s Wholesalers in terms of the agreement of
purchase and sale: (ignore VAT)
A) R19 800.
B) R22 000.
C) R18 810.
D) R20 790. (2)
1.8 Assume that Zandile’s Boutique registered as a VAT vendor effective 1 March
2019. Zandile’s Boutique had a VAT input total amount of R24 760 and a VAT output
total amount of R37 860 at 31 March 2019. Which one of the following represents the
balance of the VAT control account at 31 March 2019?
A) R13 100 debit.
B) R13 100 credit.
C) R62 620 debit.
D) R62 620 credit. (2)
1.9 Construction Boys CC, a registered VAT vendor, purchased equipment for
R92 000 (inclusive of 15% VAT) on credit from Jayzi Ltd. Arrangements were made to
settle the account over a six month period. Which of the following statements is
correct when recording the purchase of the equipment in the accounting records of
Construction Boys CC?
A) Debit equipment account (R105 800), credit VAT output (R13 800), credit creditors
control: Jayzi Ltd (R92 000).
B) Debit equipment account (R92 000), debit VAT input (R13 800), credit creditors
C) Debit equipment account (R80 000), debit VAT input (R12 000), credit creditors
D) Debit equipment account (R92 000), credit VAT output (R12 000), credit creditors
control: Jayzi Ltd (R80 000). (2)

1.10 N Minajo received an electronic funds transfer (EFT) of R4 500 from A Grand, a
debtor, in full settlement of her account of R5 000. Both Minajo and Grand are not
registered as VAT vendors. Which of the following is the correct option to record the
receipt in the accounting records of N Minajo?
A) Debit bank account (R5 000), credit debtors’ control (R4 500), and credit
settlement discount granted account (R500).
B) Debit bank account (R4 500), credit debtors control (R5 000), and debit settlement
discount received account (R500).
C) Debit debtors’ control (R5 000), credit bank account (R 4 500), and credit
settlement discount received account (R500).
D) Debit bank account (R4 500), credit debtors’ control account (R5 000),
and debit settlement discount granted account (R500). (2)
QUESTION TWO [25]
Peter Smart used to wash cars in the back yard of his home. He set up a car cleaning
business and rented premises, hired 2 staff and moved personal equipment to his business
premises where a small office was available. He kept very basic records and after 3 months
provided you with the following balances at 1 April 2022:
Account balances at 1 April 2022 R

Bank balance 23 000
Equipment 41 000
Consumables on hand 5 200
Creditors 3 700
Capital ??
The following transactions took place for the month of April 2022:
No.
1. Peter transferred R20 000 from his personal savings into the business bank
account. Transferred personal vehicle valued at R66 000 for business use.
2.. Paid rent for April 2022 by stop order arranged with the bank, R3 200.

3. Equipment to clean the inside and undercarriage of vehicles was bought on

credit from Fast Wash for R42 000. The account is payable in three (3) equal
annual instalments. The first instalment is payable on 30 April 2022.
4. Made an electronic funds transfer (EFT) of R2 000 in favour of A Flash to set

up a web page and on-line advertisements.
5. Paid Creditors a total of R3 400 on account and bought consumables for

R5 600 on credit.
6. Total cleaning fees of R49 000 for the month was deposited into the bank.
7. Peter Smart paid Fast Wash the first instalment due on 30 April 2022 from his
personal bank account.
Required:
2.1 Show workings to calculate the Capital at 1 April 2022. (2)

2.2 Process the above transactions through the basic accounting equation
for the month ended 30 April 2022 using the format shown below: (17)
Example of a transaction processed through the required format.

A) Paid R5 400 wages to cleaning staff.
No ASSETS = EQUITY + LIABILITIES
R Account R Account R Account
A. (5 400) Bank (5 400) Wages 0 ----
2.3 State whether the balance owing to Creditor Fast Wash should be shown in
the statement of financial position as a current or a non-current item. Briefly
explain why it should be shown as such. (2)
2.4. Define an asset and provide relevant examples for each classification. (4)

QUESTION THREE [20]

The following list of account balances were extracted from the accounting records of Don’s
Electrical Services as at 28 February 2021:
List of accounts Debit - R Credit - R

Land and buildings at cost 250 000
Vehicles at cost 155 000
Accumulated depreciation: Vehicles -1 March 2020 90 000
Equipment at cost 85 000
Accumulated depreciation: Equipment -1 March 2020 40 000
12% Fixed deposit: Lock Bank 30 000
Inventory: Consumables -1 March 2020 21 000
Debtors’ control 25 000

Allowance for credit losses 1 125
Bank 80 373
Long term borrowing: 10% per year 37 500
Creditors’ control 20 835
Capital: Don Dude 197 500
Drawings 89 327
Service fees 524 835
Interest on fixed deposit 1 688
Rent income 19 180
Advertising 9 735
Credit losses 2 100
Communication costs 5 078
Consumables purchased 84 148
Other operating expenses 92 902
Interest on borrowings 3 000
932 663 932 663

Additional information that needs to be taken into account:

1. Stock taking was done on 28 February 2021 and the consumable inventory on hand was
valued at R32 700.
2. The advertising amount includes a contract for R2 400 that was taken for the period 1
January 2021 to 30 June 2021.
3. Don received an amount of R600 from an insolvent debtor which was correctly recorded.
However this was only 25% of the total amount owed by the debtor. The outstanding
balance must now be written off as irrecoverable.
4. The Allowance for credit losses must be increased by R250.
5. Communication costs include valid prepaid phone cards to the value of R1 200.
6. Investment in the fixed deposit was made 31 March 2020 and matures on 31 May 2022.
Record the outstanding interest on the fixed deposit.
7. Vehicles and Equipment must be depreciated as follows for the current year;
• Vehicles at 20% on cost, and
• Equipment at 15% using the diminishing balance method.
No vehicles or equipment were bought or sold during the year.
8. The long term borrowing was taken on 31 July 2019 and the loan was to be settled by 4
equal annual instalments beginning 31 August 2020. Provide for the outstanding interest
due for the current year. A statement dated 28 February 2021 from the creditor revealed
the following:
9.
Date Details Amount - R
1 March 2020 Balance 50 000
31 August 2020 Less: Payment of 1st instalment (12 500)
28 February 2021 Balance 37 500

10. Rent has been received for the period 1 March 2020 to 31 March 2021. Rent was
increased by 10% with effect from 1 September 2020. Adjust the above records for the
amount received in advance for March 2021.
Required:
Prepare the statement of profit or loss and other comprehensive income (SOCI) for the year
ended 28 February 2021 to comply with the requirements of International Financial Reporting
Standards (IFRS) appropriate to Don’s Electrical Services.
Round up all calculations to the nearest Rand.

Show all workings.
QUESTION FOUR [20]
Mega Store (Pty) Ltd has a wholesale section that conducts some of their business on credit.
Transactions are first recorded in specialised journals and the general journal on a real time
basis. The accounting department uses clerks to post transactions recorded in the journals
into Debtors accounts and Creditors’ accounts in the subsidiary ledgers on a daily basis.
Transactions from the journals are posted into the Debtors’ Control account and the
Creditor’s Control account in the general ledger on a monthly basis. The following
information was extracted from the accounting records of Mega Store (Pty) Ltd on 31
December 2021.
R
Sales journal 78 102

Purchases journal 50 652
Sales returns journal 8 640
Purchases returns journal 4 356
Cash receipts journal :
Debtors control column 85 680
Settlement discount granted column 15 120

Sales column 149 778

Cash payments journal:
Purchases column 88 506
Debtors control column 10 638
Creditors control column 81 720
Settlement discount received column 11 934
General Journal: (Sundry entries)
Debtors control: Debits: Sale of Vehicle 12 186
Credits: Credit losses 1 860
Creditors control: Debits: NIL
Credits: Purchased Equipment 9 594
General Ledger: Balances at 1 January 2021 –
Debtors control account: debit balance 121 140
: credit balance 2 736
Creditors control account: credit balance (only) 82 116
Additional Information:
The following has not been taken into account in arriving at the figures above:
1. An amount of R5 202 owing by a debtor, F Skelm, must be written off as irrecoverable.
2. The allowances for credit losses must be increased by R2 250.
3. On 10 December 2021, goods to the value of R6 300 was purchased on credit, but was
incorrectly recorded in the sales journal.
4. The credit balances in the debtors’ ledger at 1 January 2021 must be transferred to the
creditors control account.
Required:
Prepare the following as they would appear in the general ledger of Mega Store (Pty) Ltd for
the year ended 31 December 2021:
4.1 Debtors control account (11)
4.2 Creditors control account. (9)

NB: - The accounts must be properly balanced or closed off.

- Each entry in the ledger account must reflect the contra account.
- Folio numbers may be omitted.
- Record the dates for transactions.
- Marks will be deducted for recording entries that are unrelated to
the control accounts.
QUESTION FIVE [20]

5.1 Neil Brown is a businessman who buys packages of goods and wholesales
the package for cash. His business is registered as a Vat Vendor. During
March 2022 he purchased for cash a package of goods for R28 000
(exclusive of 15% Vat). Neil used a mark-up of 30% on the cost price and
sold the package for R41 860 (Inclusive of 15% VAT). Neil uses the perpetual
inventory system to keep records of his trading activities.
Required:
Record general journal entries for the purchase and sale of the package of
goods. You do not have to record the dates but must include a brief narration
appropriate for both the purchase and sale of the goods above. (8)
5.2 Mary has a general dealer business and uses the periodic inventory system
to keep records of buying and selling goods. The following information was
extracted from the accounting records for financial year ended 30 June 2020.

List of selected accounts at 30 June 2021 R

Trading inventory : 1 July 2020 225 000
Purchases 916 400
Sales 1 668 800
Purchases returns 17 300
Sales returns 20 700
Settlement discounts received 32 600
Settlement discounts granted 17 900
Transport inwards (from suppliers) 45 200
Transport outwards (to customers) 23 100
Additional information:
1. Trading inventory at 30 June 2021 was taken and valued at R203 400.
2. Neil took inventory worth R18 100 for his personal use. This has not been recorded in
the above accounting records.
3. Insurance on goods transported from suppliers for R7 400 is also not yet included in the
above information.
Required:
Prepare only the trading section of the Statement of profit or loss and other comprehensive
income for Mary’s General Dealers for the year ended 30 June 2021. (12)
END OF ACCOUNTING 1: ASSIGNMENT 1

10.2 ASSIGNMENT QUESTIONS: SEMESTER TWO (JULY – DECEMBER 2022)
10.2.1 BUSINESS MANAGEMENT 1: ASSIGNMENT 2 [100]
QUESTION ONE [25]
1.1 According to Writing (2019), the purchasing department is responsible

for procuring raw materials and other resources at the best possible
price. In relation to the above, and with the aid of examples, discuss the functions
of the purchasing management. (15)
1.2 Explain the layout of production for a hotel’s interior and exterior and provide
examples to support your answer. (10)
QUESTION TWO [30]

Marketing refers to the process of communicating, creating, and delivering the
organisational function to their valuable clients.
2.1 Elucidate on the value that marketing management provides to an
organisation. (15)
2.2 With the aid of relevant examples, describe the role of digital marketing
to current business practice affected by COVID-19. (15)
QUESTION THREE [20]

The organisation’s human resources management function is that part of the management
process that specialises in the management of people in the organisation. It consists of
practices that help the organisation’s objectives and thus, help gain and sustain competitive
advantage.
In relation to the above, critically discuss some of the HR challenges management

has had to adapt to since the COVID-19 pandemic and provide examples to support
each challenge.

QUESTION FOUR [25]

Public relations (PR) are two-way communication between an organisation And its various
publics. It is an effective management role in various Industries from commerce and politics
to religion, charities and many others in between.
4.1 Discuss the responsibilities of a PR manager. (15)
4.2 Explain the importance of research when preparing for a public
relations campaign. (10)
END OF BUSINESS MANAGEMENT 1: ASSIGNMENT 2

10.2.2 ECONOMICS 1: ASSIGNMENT 2 [100]
QUESTION ONE [20]
Illustrate and fully discuss the derivation of the demand curve for a perfectly
competitive firm.
QUESTION TWO [25]
2.1 Discuss the relationship that exists amongst the three short-run total cost curves.
Motivate your answer with the aid of a diagram. (15)
2.2 Explain in detail, the shape of the individual supply of labor curve. Illustrate your
answer with the aid of a diagram. (10)
QUESTION THREE [25]
Compare the long-run equilibrium position of a perfectly competitive firm and a monopolist.
Illustrate your answer with the aid of diagrams.
QUESTION FOUR [30]
4.1 List and discuss the two (2) main instruments of fiscal policy. (14)
4.2 List and discuss two (2) reasons for the downward sloping shape of the aggregate
demand curve. (16)
This is a research based assignment and requires evidence of research
END OF ECONOMICS 1: ASSIGNMENT 2

10.2.3 ACCOUNTING 1: ASSIGNMENT 2 [100]
QUESTION ONE [20]
Samke Limited sells new equipment and repairs equipment for their regular customers. The
following information was extracted from the accounting records for the financial year ended
30 June 2021
1. Extracted from the Pre-Adjustment Trial Balance at 30 June 2021:

R
Fixed deposit 160 000
Inventory: Trade goods 219 800
Debtors control 39 090
Machinery 224 000
Accumulated depreciation: Machinery 130 000
Long term borrowing: Finhouse 281 200
Sales 1 680 000
Debtors allowances 17 000
Cost of sales 1 050 000
Service fee income (in respect of repair services) 297 140
Rent income 105 000
Interest income 11 200
Salaries and wages 294 640
Audit fees 30 000
Directors fees 230 000
Consumable stores 51 100
Bank charges 5 240
Travel and entertainment - Directors 15 910

2. Adjustments and additional information:
The internal auditors have identified the following errors or omissions:
2.1 auditors are owed a further R28 000 in audit fees.

2.2 Bank charges of R310 reflected on the June 2021 bank statement have not yet been
entered in the books.
2.3 The stock count on 30 June 2021 revealed the following on hand:
• Inventory: Trade goods; R202 000
• Consumable stores; R900
2.4 The tenant paid the July and August rent in June 2021. The rent was
increased by R700 per month on 1 January 2021.
2.5 Provide for depreciation on machinery at 10% p.a. on the diminishing-balance
method. Note that new machinery costing R30 000 was purchased on 31 December
2020, (this was recorded correctly).
2.6 Interest on the loan was capitalised. The loan statement from Finhouse on
30 June 2021 reflects the following:

FINHOUSE
Loan statement at 30 June 2021
Balance on 1 July 2020 R332 800
Interest charged ?
Monthly instalments of R4 300 x 12 paid R 51 600
Balance on 30 June 2021 R326 000
The interest expense for the year has not yet been entered in the books.
2.7 A credit note issued to a debtor, S Moon, dated 28 June 2021 was not recorded in the
books. The credit note was for price reduction on unsatisfactory repair of a piece of
equipment, R540.
2.8 Assume a company tax rate of 30%.

Required:
Prepare a Statement of profit or loss and other comprehensive income for the year ended 30
June 2021 in compliance with International Financial Reporting Standards appropriate to
Samke Ltd’s business activties. (20)
QUESTION TWO [20]
The following information relating to property plant and equipment was extracted from the
accounting records of Fred’s Transport for year ended 28 February 2022;
1. Balances at 28 February 2021:

- Equipment at cost R 56 000
- Accumulated depreciation: equipment R 10 860
- Vehicles at cost R560 000
- Accumulated depreciation: vehicles R285 360
2. The following transactions in respect of property, plant and equipment took place during
the current financial year:
2.1 An old vehicle was sold on 31 August 2021 for R144 000 cash. The cost price of the
vehicle sold was R240 000, and its accumulated depreciation amounted to R120 100
on 1 March 2021. The proceeds from the sale of the vehicle was used to partially
finance the purchase of another vehicle for R440 000 bought on 1 September 2021.
2.2 On 28 February 2022 sold used equipment for R14 400 cash. The accumulated
depreciation on this equipment was R3 280 at 1 March 2021. The cost price of the
equipment was R18 000.
3. Depreciation must still be provided for as follows:

• Equipment at 10% per year on the diminishing balance method, and
• Vehicles at 20% per year on the straight line method.
4. The financial year ends on the last day of February.

Required:
Prepare the property, plant and equipment note to be attached to the financial statements for
Fred’s Transport for the year ended 28 February 2022.
Show the cost, accumulated depreciation and the carrying amount of the disposed assets in
the property, plant and equipment note. You may omit the total column.
Show all workings. Round off all calculations to the nearest whole number.
QUESTION THREE [20]

Kane and Abel are in partnership sharing profits and losses in the ratio of 1:1. The following
relates to their business Two Wheels whereby they sell motor bikes. Their dealership is
popular with many motor-bike enthusiasts.
The list of balances at 28 February 2022 before relevant additional information was taken
into account is as follows:
R
Capital: Kane 400 000
Capital; Abel 600 000
Current account – Kane (1 March 2021) - Debit 44 000
Current account – Abel (1 March 2021) - Credit 130 000
Drawings – Kane 90 900
Drawings – Abel 87 960
Profit and loss account – profit for the year 1 084 800
1 On 1 September 2021, Abel contributed a further R100 000 as capital into the
partnership. The transaction has been recorded correctly.

2 The partnership agreement stipulates the following:

2.1 Partners are entitled to salaries as follows:
• Kane is entitled to R18 000 per month. From 1 December 2020 his
salary must be increased to R20 000 per month,
• Abel is entitled to a salary of R14 000 per month.

2.2 Interest on capital must be provided at 12 % per year.
2.3 Interest on current accounts must be provided at 5% per year on current account
balances at the beginning of the year (1 March).
2.4 Kane is entitled to a bonus equal to 10% of the profit for the year before any
appropriation is made in terms of the partnership agreement.
2.5 Kane and Abel share profits and losses equally.
3 During the year R144 000 and R96 000 were paid as salaries to Kane and Abel
respectively. These amounts were credited to the bank account but incorrectly debited
to the debtors’ control account. Correction is required.
Required:
Prepare a statement of changes in equity for the year ended 28 February 2022 for Two
Wheels that is appropriate to the business of the partnership. You may omit the total column
in the Current account section. Show all workings.
Use the following format: (include identifying features):
Capital accounts: Kane - R Abel - R Total – R

Balance at
Changes in contribution
Balance at

Kane Abel Appropriation

Current Accounts: R R R
Balance at
Profit for the year
Appropriations:
Salaries
Interest on capital
Interest on current a/c
Bonus
Remaining profit
Share of profits
Drawings
Balance at
QUESTION FOUR [15]
Bling Ltd was registered on 1 March 2021 with the following authorised share capital:
- 900 000 Ordinary shares (Class A)
- 400 000 9% preference shares of R5 each (Class B)
The following transactions took place for the financial year ended 28 February 2022:
2021
3 March The company offered 100 000 ordinary shares at R2,00 each and
20 000 9% preference shares to the subscribers to the memorandum
(founders of the company) . The founders took up the offer in full and
paid for the shares immediately.
11 March The company offered 200 000 ordinary shares at R2,00 each to the
public. The closing date for applications was 10 May 2021.
10 May Applications for 210 000 shares were received from the public with

application monies and the regulatory application documents.
1 June Shares were allotted to successful applicants.
8 June Unsuccessful applicants were repaid.

2022
21 January Directors presented a proposal to declare a dividend of 10 cents per
share payable on 28 February 2022. Shareholders approved the
proposal at the annual general meeting on 21 January 2022.
28 February The dividends were paid as approved.
Required:
Record the above transactions in the general journal of Bling Ltd for the financial
year ended 28 February 2022. (15)
NB: Record the date and a brief narration for each journal entry.
QUESTION FIVE [25]

Dash (Pty) Ltd provided the following information that was extracted from the financial
records for the year ended 31 December 2021. Relevant financial information are shown
below.
Information from the statement of financial position as at 31 December:

2021 2020
R R
Land and buildings at cost 620 000 520 000
Equipment at carrying amount 268 000 343 000
- Cost 354 000 441 000
- Accumulated depreciation (86 000) (98 000)
Fixed deposits 70 000 100 000
Inventory 66 000 100 000
Debtors control 64 000 70 000
Bank – favourable (debit) balance 86 000 -----

Prepaid expense – Rent ----- 6 000

Creditors control 26 000 48 000
Bank overdraft – credit balance ----- 6 000
SARS - tax payable 22 000 18 000
Shareholders – dividends payable 30 000 75 000
Interest payable 10 000 12 000
Ordinary share capital 850 000 750 000
Retained earnings 96 000 30 000
Long term borrowings 140 000 200 000
Extract of items shown on the statement of profit and loss and other comprehensive
income for the year ended 31 December 2021: R
Interest income on fixed deposit 30 000

Depreciation 38 000
Loss on sale of equipment 1 000
Interest on long term borrowings 32 000
Income tax expense 86 000
Profit for the year 141 000
1. Inventory is disclosed at cost.
2. Land has not been revalued in the current financial year.
3. An extension was added to the building and completed in the current financial year. All
building costs were paid for in cash. Buildings are not depreciated.
4. Interest on the long term loan is not capitalised.
5. No equipment was purchased during the current financial year but some equipment was
sold during the year for cash.
6. Dividends for the year as shown in the statement of changes in equity was R75 000.

Required:
Prepare the statement of cash flows of Dash (Pty) Ltd for the year ended 31 December 2021
to comply with the International Financial Reporting Standards (IFRS) in as much as the
above information allows. Use the indirect method. Comparative figures are not required.
END OF ACCOUNTING 1: ASSIGNMENT 2

11. SUMMATIVE ASSESSMENT (EXAMINATIONS)

11.1 EXAMINATION DATES/SCHEDULE FOR SEMESTER ONE & SEMESTER TWO
FINAL SUPPLEMENTARY
MODULES
EXAMINATION EXAMINATION
SEMESTER 1 MODULES
FUNDAMENTALS OF THE SOUTH Examinations will commence 13 June 2022

going onto 25 June 2022
AFRICAN LEGAL SYSTEM
BUSINESS COMMUNICATION 101
SEMESTER 2 MODULES (YEAR / ANNUAL MODULES)
ECONOMICS 1
Examinations will commence 31 October

2022 going onto 12 November 2022
ACCOUNTING 1
BUSINESS MANAGEMENT 1

Appendix A: ASSIGNMENT COVER SHEET
Programme
Module Name
Assignment Number
Surname
First Name/S
Student Number
Date Submitted
Postal Address
E-MAIL
myregent email address …………………………................................................@myregent.ac.za
E-Mail
(alternate email address)
Contact Numbers Cell :
Home :
Work :
Alternate contact :
Name:
Relationship:
Contact number:
I ___________________________ ID/Passport No._________________________hereby confirm that the

assignment submitted herein is my own original work.
Date: ______________________
FOR OFFICE USE ONLY

Marks per question (Q)
Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10

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REGENT Business School

Bachelor of Commerce Law

Academic and Assessment

1. MESSAGE FROM THE PROGRAMME COORDINATOR 2

2. PURPOSE OF ACADEMIC AND ASSESSMENT CALENDAR 3

4. STUDENT SUPPORT SERVICES 4

5. PROGRAMME STRUCTURE AND DUE DATES 5

8. ASSIGNMENT SUBMISSION GUIDELINES 7

10. ASSIGNMENT SCHEDULE 9

APPENDIX A: ASSIGNMENT COVER SHEET 42

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 1

1. MESSAGE FROM THE PROGRAMME COORDINATOR

Welcome to REGENT Business School (RBS)

The Bachelor of Commerce programme at REGENT Business School is an expansive

Please feel free to contact me for Academic support required.

Best wishes and welcome to REGENT Business School.

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 2

2. PURPOSE OF ACADEMIC AND ASSESSMENT CALENDAR

3.1 RBS OFFICES

The contact details of the offices are follows:

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 3

4. STUDENT SUPPORT SERVICES: STUDENT INFORMATION DESK (SID)

We are committed towards your success.

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 4

BACHELOR OF COMMERCE LAW YEAR 1

SEMESTER MODULES YEAR MODULES (ANNUAL)

BACHELOR OF COMMERCE LAW YEAR 2

SEMESTER MODULES SEMESTER MODULES

BACHELOR OF COMMERCE LAW YEAR 3

SEMESTER MODULES SEMESTER MODULES

6.1. Format for Delivery

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 5

SEMESTER ONE: JANUARY – JUNE 2022 WORKSHOP

• Fundamentals of the South African Legal

• Business Communication 101 12 March 2022

A DETAILED WORKSHOP/WEBINAR SCHEDULE WILL BE UPLOADED TO THE STUDENT

7. FORMATIVE ASSESSMENT (ASSIGNMENTS)

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 6

8. ASSIGNMENT SUBMISSION GUIDELINES

The submission of assignments is compulsory. Students who do not submit an assignment

8.1 Mode of Submission

Should you have any queries, then kindly write to studentsupport@regent.ac.za

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 7

9. PRESCRIBED/ RECOMMENDED READINGS

Based on the publication of new editions as well as ongoing programme design

MODULE PRESCRIBED READINGS

Title: Klein, D.,Viljoen F., Zitzke, E and Madi, P. (2018).

Title: Economics for South African Students – 6th Edition,

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 8

10. ASSIGNMENT SCHEDULE

Business Communication 101

Fundamentals of the South African Legal

Business Management 1 – Assignment 1

Business Management 1 – Assignment 2

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 9

10.1 ASSIGNMENT QUESTIONS: SEMESTER ONE (JANUARY – JUNE 2022)

10.1.1 BUSINESS COMMUNICATION 101 [100]

Samsung marketing communication mix utilises a number of marketing communication

QUESTION TWO [25]

REGENT BUSINESS SCHOOL (RBS) – JANUARY 2022 10

By referring to the above, discuss the following non-verbal indications/cues in a

QUESTION THREE [25]

Financial Administrator Job at ABC Holdings