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Mr. Bustomi decided to use MYOB Premier v12 accounting software for preparing his company 1
January to 31 December 2011 Financial Year Reports and prefer to use the 13th accounting
period for the audit trial adjustment.
Please use one of the account list provided by MYOB Premier 12.
So you don’t need to set up the account list completely.
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5570 0905 | Fax. : 021-5570 0907
E-mail : info@net21plus.com | Website : www.net21plus.com
MYOB Basic PreTest
MYOB Accounting v18
Setup the tax code as GST (Goods and Services Tax), Tax Type : Goods & Services Tax, Rate :
10%
Setup the Job List as R for Retail, S for Services.
Setup the Categories List as JKT for Jakarta, MLG for Malang.
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5570 0905 | Fax. : 021-5570 0907
E-mail : info@net21plus.com | Website : www.net21plus.com
MYOB Basic PreTest
MYOB Accounting v18
Setup the following inventory opening balance as 01 January 2011 :
Home Gym = 4 unit for $800/unit
Orbitrek = 5 unit for $900/unit
Magnetic Bike = 4 unit for $1,000/unit
Cross Trainer = 2 unit for $1,150/unit [Journal# : I-110001 ] [Category : JKT]
4. The following transactions are made in January 2011. Record these transactions in MYOB
according to the dates and details given below.
02 A purchase was raised to purchase the following inventory item from main POINT
Jan supplier, BIG JAYA on net 30 days credit terms. (PO#: P-110001, Supplier [4 marks]
2011 Inv#:BJ-110001)
Received 2 unit Home Gym (HG) for $800.-/unit (Job : R) (Exclude 10%
GST) each.
Received 4 unit Cross Trainer (CT) for $1,150.-/unit (Job : R) (Exclude
10% GST) each.
[Category : MLG]
03 Raised purchase to ICON for advertising $550 (Include 10% GST) on COD POINT
Jan Terms. (PO#: P-110002, Supplier Inv#: IC-110001). Bill was received. [Job : S] [4 marks]
2011 [Category : MLG]
[4 marks]
Full Payment to ICON from Cheque Account [Cheque No : D-110001] for total
amount $550 for bill on 3 Jan 2011.
04 Return 1 of Home Gym (HG) for $800 (Exclude 10% GST) to BIG JAYA, (PO#:P- POINT
Jan 110003, Supplier Inv#: BJ-110001) (Job : R) . Edit Journal Memo with [2 marks]
2011 “Purchase Return; BIG JAYA”. [Category : MLG]
Immediately applied the Debit note to Trade Creditor balance for BIG JAYA
[2 marks]
[ID#:P-110003] for bill on 2 Jan 2011.
15 Sold the following items to SANDIAGO on Net 15 days terms (Inv#: S-110001, POINT
Jan Cust PO#: SDG-110001 ). All the goods and invoice was delivered: [4 marks]
2011 Ship 1 unit of Home Gym (HG) for $990 (Include 10% GST) each [Job: R]
Ship 1 unit of Magnetik Bike (MB) for $1,210 (Include 10% GST) each [Job: R]
Ship 3 units of Cross Trainer (CT) for $1,375 (Include 10% GST) each [Job: R]
[Salesperson: Merry], [Category: JKT].
16 Sold the following items to TAKOMA on Net 20 days terms (Inv#:S-110002, POINT
Jan Cust PO#:TKM-110001). All the goods and invoice was delivered : [4 marks]
2011 Ship 2 units of Home Gym (HG) for $900 (Exclude 10% GST) each [Job : R]
Ship 1 unit of Orbitrek (OT) for $1,000 (Exclude 10% GST) each [Job : R]
[Salesperson : Rahmat], [Category : MLG]
18 Issued $100 Rebate Credit Notes to TAKOMA [Inv#: S-110003, Cust PO#:TKM- POINT
Jan 110001] as Discount Taken rebate and edit Journal Memo with “Sale Discount: [2 marks]
2011 TAKOMA”. [Salesperson: Rahmat], [Category: MLG].
[2 marks]
Immediately Pay Refund [Cheque No: D-110002] for the $100 Sales Rebate to
TAKOMA from the Petty Cash.
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5570 0905 | Fax. : 021-5570 0907
E-mail : info@net21plus.com | Website : www.net21plus.com
MYOB Basic PreTest
MYOB Accounting v18
19 Partly payment of $1000.- for invoice on 16 Jan 2011 was received from POINT
Jan TAKOMA and deposits to Cheque Account [ID#: R-110001]. [4 marks]
2011
20 Use Spend Money [Cheque No: D-110003] to record expenses from Cheque POINT
Jan Account $1,000 for Store Supplies [Category : JKT]. [4 marks]
2011
Use Receive Money [ID#: R-110002] to record : Deposit $500 to Cheque [4 marks]
Account for $550 Bank Interest Income And $50 Bank Charges [Category
JKT].
5. Perform Bank Reconciliation for the month of Jan 2011 for Cheque Account [4 marks]
the Bank statement shows a balance of $19,950 on 31 Jan 2011.
6. In addition to the transaction above, prepare a journal entry to record the [4 marks]
depreciation on 31 Jan 2011, for the following asset categories [GJ#:G-
110001] [Category : JKT] :
Office Equipment $150
Save as Monthly Recurring Transaction start from 28 Feb 2011 for those
journal then use the recurring and record depreciation journal for 28 Feb 2011
[GJ#:G-110003] [Category : JKT]
[4 marks]
Prepare a journal entry to record the GST Clearing journal on 31 Jan 2011
[GJ#:G-110002] for Dec 2010. [Category : JKT]
7. On 31 Jan 2011, prepare adjust inventory to record Inventory Unit Cost [4 marks]
Adjustment as COGS Account 5-1000 Purchases [IJ#: I-110002] of Cross
Trainer (CT) for amount $150. [Job : R] [Category : JKT]
9. From Security Preference, activate the option for “Use Audit Trail Tracking”, [4 marks]
then Lock the Accounting period for 31 Jan 2011. BACKUP your MYOB
company data file (ONLY), Check Company File for Error and Save the MYOB
company data backup file name as Your name in Backup Folder.
10. From Company Data Auditor – Transaction Review for 1 Jan 2011 to 31 Jan [4 marks]
2011, there is a “?” mark for Scan for Future Dated Transaction. Display it &
Sent to PDF the reports. And then delete that Future Dated Transaction
journal.
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5570 0905 | Fax. : 021-5570 0907
E-mail : info@net21plus.com | Website : www.net21plus.com
MYOB Basic PreTest
MYOB Accounting v18
11. Delete all transaction on 04 Jan 2011 [4 marks]
12. Edit the Recurring Transaction Template of Fixed Assets Depreciation for [4 mark s]
Office Equipment to $160 per month.
13. Modify to Microsoft Excel the Standard Balance Sheet reports as of Jan 2011 in [4 marks]
T Format (like the sample below)
Dinamika, PT.
Balance Sheet
As of January 2011
ASSETS LIABILITIES & EQUITY
Assets Liabilities
Fixed Assets Current Liabilities
Motor Vehicle Trade Creditors $253,220.00
Motor Vehicle at Cost $30,000.00 VAT Liabilities
Motor Vehicle Acc Dep ($3,325.00) VAT Collected $2,605.45
Total Motor Vehicle $26,675.00 VAT Paid ($14,520.00)
Total Fixed Assets $26,675.00 Total VAT Liabilities ($11,914.55)
Current Asset Total Current Liabilities $241,305.45
Bank & Cash in Hand Total Liabilities $241,305.45
General Cheque Account $135,244.00
HSBC Philippines $100,200.00
Petty Cash $2,000.00 Equity
Undeposited Funds $450.00 Paid Up Capital $150,000.00
Total Bank & Cash in Hand $237,894.00 Retained Earnings $4,984,428.62
Trade Debtors $103,560.00 Current Earnings ($120.47)
Inventory Total Equity $5,134,308.15
Inventory-Equipment $5,007,484.60
Total Inventory $5,007,484.60
Total Current Asset $5,348,938.60
~End of Assignment~
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5570 0905 | Fax. : 021-5570 0907
E-mail : info@net21plus.com | Website : www.net21plus.com