# Accounting Paper 1, November 2024, question 1.1.2

> Calculate the cost price of vehicles on 31 August 2024. Marked mark by mark. Q1.1.2, Accounting Paper 1 November 2024, 4 marks.

Canonical: https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-2/
Last updated: 2026-11-12

Subject: Accounting. Source: Based on Nov 2024 · Paper 1 · Q1.1.2. Marks: 4. Not yet checked by a teacher.

## Question 1.1.2 (4 marks)

Company: Marula Traders Ltd. Financial year ended 31 August 2024.
Fixed assets information:
Cost price of vehicles on 1 September 2023: R1 480 000
A vehicle that cost R360 000 was sold during the year.
A new vehicle costing R450 000 was bought during the year.

Calculate the cost price of vehicles on 31 August 2024.

## Practise it

[Answer this question](https://sharpkop.co.za/accounting/2024-nov-p1/q1-1-2/) and see it marked mark by mark, with the reason for every lost mark.

## Related

- [More fixed assets and disposal questions](https://sharpkop.co.za/accounting/fixed-assets/)
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