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Contact session 2 – ACN100

September 2023
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WELCOME TO
THE FUTURE
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TOWARDS
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CONTENT
1 Overview of assignment
2 Working through the assignment questions
3 Overview of the online test
4 Perpetual inventory system and Periodic inventory system
5 Online classes still left
6 Questions & answers
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QUESTION 1 – REMITTANCE ADVICE (RECONCILIATION

STATEMENT
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QUESTION 1 – REMITTANCE ADVICE (RECONCILIATION

STATEMENT
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QUESTION 1 – REMITTANCE ADVICE (RECONCILIATION

STATEMENT
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QUESTION 1 – FORMAT
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QUESTION 1 – REMITTANCE ADVICE (RECONCILIATION

STATEMENT
REMEMBER

• Which two accounts are being affected?

• Do I need to adjust the VAT that should have not been included?

• Always use brackets in your calculations. No brackets for calculations no marks

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QUESTION 2
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QUESTION 2
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QUESTION 2
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QUESTION 2 - FORMAT
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QUESTION 2

• REMEMBER:
• Remember that trade receivables are people/companies that bought on credit from you
• Trade receivables increases on the debit side and decreases on the credit side
• Trade receivables are only affected when the mistake is made in your books
• Debtors list is only when a debtor is being affected with the mistake
• If no entry has been made the mistake should be listed in the Debtors list as well as in the trade receivable
account

• Remember that trade payables are people/companies that you bought from on credit
• Trade payables increases on the credit side and decrease on the debit side
• Trade payables are only affected when the mistake is made in their books
• Creditors list is only affected when a creditor is being affected with the mistake
• If no entry has been made the mistake should be listed in the creditors list as well as in the trade payable account
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QUESTION 3
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QUESTION 3 - FORMAT
Yes No
The costs of transporting merchandise purchased for eventual resale
purposes from our supplier to our premises

Wages of workers who assemble the parts of a vehicle at a vehicle

manufacturer

The fuel for the motorcycle which a pizza delivery man uses to
deliver our pizzas to customers

Salaries of sales staff

Salaries of office staff
The costs of storing our product before it gets sold
Import tariffs paid on the imported raw materials used in the
manufacture of our products
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QUESTION 4
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QUESTION 4
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QUESTION 4
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QUESTION 4
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QUESTION 5
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QUESTION 6
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QUESTION 7 – ACCOUNTING EQUATION

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QUESTION 7
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QUESTION 7
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QUESTION 7
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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PERPETUAL AND PERIOD INVENTORY SYSTEM

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PAY ATTENTION TO…

• Show always your calculations

• Answer all questions
• Ask frequently questions
• Make use of the given format
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PLAGIARISM AND SIMILARITY ISSUES

• We will pick up when students are working together so please don’t

• Keep your similarity less than 30%
• Always do your own work
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ONLINE TEST

• Please remember your online test will be 4-7 October 2023

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GOING FORWARD

• The following dates are important to make a note of:

• Consultation session 3 – 4 October 2023 @19:30

• Tutorial session 3 – 13 September 2023 @19:30

• Tutorial session 4 – 24 September 2023 @19:30

• Tutorial session 5 – 18 October 2023 @19:30

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QUESTION AND ANSWER

• In this module all questions should be done on CANVAS.

• If a question is asked for the whole group to see you select the Q&A on CANVAS.
• If you want to send a personal email you can use your inbox on CANVAS to communicate with me
• All questions will have a response within 48 hours as requested by Stadio.
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END OF SESSION 2
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THANK YOU
ENKOSITHANK YOU
ENKOSI
RE A LEBOGA
DANKIERE A LEBOGA
DANKIE
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