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FAC1503 ASSIGNMENT 5 QUIZ MEMO - SEMESTER 1 - 2024 - UNISA - DUE : 9 MAY 2024 (INCLUDES EXTRA 530 PAGES EXTRA MCQ BOOKLET WITH ANSWERS - DISTINCTION GUARANTEED)
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FAC1503 ASSIGNMENT 5 QUIZ MEMO - 
SEMESTER 1 - 2024 - UNISA - DUE : 9 MAY 
2024 (INCLUDES EXTRA 530 PAGES EXTRA 
MCQ BOOKLET WITH ANSWERS - DISTINCTION 
GUARANTEED) 
The contra ledger account - ANS-The other ledger account in the 
transaction 
Steps to take when recording a transaction - ANS-Identify the 
amounts involved 
Determine which accounts to involve and how 
Ensure amounts are equal 
Indicate the transaction's date 
Identify the contra ledger account 
Indicate folio number of subs...