MYOB Qualification Test

LEVEL BASIC (MYOB Accounting v23)

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Code:L1R1BQ16
Effective from 17 Nov 2016

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 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)

MYOB Qualification Test Level Basic

Instructions to Participants:

1. You will have 2 hours to complete the test. Answer all questions in the test.

2. Please check that you have MYOB Accounting v22 on your computer. If you do not
see it, please inform the invigilator for assistance.

3. You are NOT allowed to bring any diskettes or paper into the examination room.

4. You must create new folder on hard disk. Please save your .MYO, backup folder,
and report folder in this folder and the folder will be collected from hard disk at
the end of the examination.

5. In the event of any unforseen circumstances e.g. electricity blackout or computer

failure that prohibits you from continuing with the examination, and such event is
not the cause of your own action(s), you will be allocated extra time to complete
the examination at the discretion of the invigilator. (This is to ensure consistency
with all the other instructions, which are expressed in the first person).

6. If you should encounter any technical difficulties with the computer during the
examination, please inform the invigilator for assistance.

7. Non-programmable electronic calculators are allowed for this examination.

8. You are not allowed to communicate with other examination candidates

throughout the examination.

9. You are NOT allowed to leave the examination room without the permission of the
invigilator.

10. The assignment and any used or unused paper, must be returned to the invigilator
at the end of the examination.

11. Total questions 13 with total score 100 points.

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)

The Case Study

Based the fact given, you are required to:
1. Setup the Company data file : [2 marks]

Mrs. Stefanny is the owner of the company “Stefanny Banquet”.

As Banquet Facility business type, the Stefanny Banquet offers unique venues and flexible space
with attention to detail, as our highly skilled staff caters to your guests.

Mrs. Stefanny decided to use MYOB Accounting v23 software for preparing his company 1
January to 31 December 2016 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 Accounting v23.
So you don’t need to set up the account list completely.

Setup the following information:

Company Address : Jl. Jenderal Sudirman Kav. 1 Jakarta
Tel : 021 – 2902 998
Fax : 021 – 2902 999
Email : info@stefannybanquet.com
[2 marks]
The following preferences option must be activated:
 System Preferences : Tick the option for “Warn if Jobs Are Not Assigned
to All Transaction [System-Wide]”
 Windows Preferences : Untick option for “Automatically Check Spelling in
Text Fields Before Recording Transaction”
 Sales Preferences : Tick the option for : “Warn for Duplicate Invoices
Numbers on Recorded Sales”
 Purchases Preferences : Tick the option for : “Warn for Duplicate Purchase
Orders Numbers on Recorded Purchases”
 Security Preferences : Click User IDs to add new User ID as your Name.

Log-off (exit) from MYOB – no backup is required, and then login to MYOB data file created
with your user name.

2. Setup the List below:

Setup the following Account List [2 marks]

- The Company don’t use the following account codes anymore :

 1-2120 Payroll Cheque Account
 1-2130 Cash Drawer
 1-2210 Less Prov’n for Doubtful Debts
 1-2320 Beverages
 5-1200 Beverages - Purchase

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)
- The Company changes some accounts as follows :
 1-2140 Petty Cash, Change to 1-2120
 1-2310 Food, Chage to Food & Beverages
 2-2300 GST Liabilities, Change to VAT Liabilities
 2-2310 GST Collected, Change to VAT Collected
 2-2330 GST Paid, Change to VAT Paid
 5-1100 Food – Purchase, Change to Food & Beverages - Purchases

- The Company need to add the following accounts :

 2-2340 VAT Clearing
 5-4000 Gazebo Ceremony

Delete all Tax Codes except N-T (Non Taxable), SR (Standard-rated supplies (GST7%)), TX7
(Purchases with GST 7%). Setup the Tax Code List as VAT (Value Added Tax), Tax Type:
Goods & Services Tax, Rate: 10%. [1 marks]

Setup the Job List : SV for Services, FR for Facility Rental, BS for Banquet Sales. [1 marks]

[1 marks]
Setup the Categories List : IND for Indonesia, SGD for Singapore, MLY for Malaysia.

Setup the following Cards List: [1 marks]

 THE 212 HOTEL (Customer)  HICKORY (Supplier)  Camila (Employee)
 HILTON HOTEL (Customer)  SCAVILL (Supplier)  Merry (Employee)
 SHANRILA (Customer)  DELPHI BANQ (Supplier)

Setup the Items List as follows: [2 marks]

Item No. BR CB PB

Item Name Banquet Room Continental Buffet Pasta Buffet

Selling Price Rp 900,000 Rp 700,000 Rp 1,000,000

Tax Code When

N-T N-T N-T
Bought/Sold
Selling Unit of
Day Pack Pack
Measure
5-1100 Food & 5-1100 Food &
I Buy This Item -
Beverages Purchase Beverages Purchase

I Sell This Item 4-1100 Facility Rental 4-1200 Banquet Sales 4-1200 Banquet Sales

I Inventory This 1-2310 Food & 1-2310 Food &

-
Item Beverages Beverages

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)
3. Setup Opening Balance information as of 01 January 2016: [2 marks]

Setup the customer ending balance as 31 Dec 2015: [2 marks]

Customer Name HILTON HOTEL SHANRILA
Total Rp5,500,000 Inc. VAT Rp4,400,000 Inc. VAT
Invoice# S-150001 S-150002
Cust. PO# HH-150001 SH-150001
Category SGD MLY

Setup the supplier ending balance as 31 Dec 2015: [2 marks]

Supplier Name HICKORY DELPHI BANQ
Total Rp3,300,000 Inc. VAT Rp3,300,000 Inc. VAT
PO# P-150001 P-150002
Supp. Inv# HI-150001 DB-150001
Category IND MLY

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)
Setup the following inventory opening balance as 01 January 2016 [Journal#: I-160001]
[Category: IND]: [2 marks]
Item No. Item Name Qty Unit Cost Amount Account#
CB Continental Buffet 200 Unit Rp 500,000 Rp 100,000.000 1-2310
PB Pasta Buffet 100 Unit Rp 600,000 Rp 60,000.000 1-2310

4. The following transactions are made in January 2016. Record these transactions in MYOB
according to the dates and details given below.
02 A purchase was raised to purchase the following inventory from main supplier, POINT
Jan HICKORY, with Net 30th after EOM days terms. (PO#:P-160001, Inv#:HI-160001). [4 marks]
2016 Bill and goods was received.
 Received 20 pack of Continental Buffet (CB) for Rp500,000/unit (Job : BS)
(Exclude 10% VAT).
 Received 50 pack of Pasta Buffet (PB) for Rp600,000/ unit (Job : BS) (Exclude
10% VAT). [Category : IND]

07 Raised purchase service to SCAVILL for Gazebo Ceremony (Acc#: 5-4000) POINT
Jan Rp5,500,000.- (Include 10% VAT), with COD terms. (PO#: P-160002, Supplier Inv#: [4 marks]
2016 SC-160001). Bill was received. [Job: SV] [Category : SGD]
[4 marks]
Payment to SCAVILL from Cheque Account [Cheque#: D-160001] with total amount
Rp 5,500,000.- for bill on 07 Jan 2016.

08 Return 5 packs of Continental Buffet (CB) for Rp500,000.-/unit (Exclude 10% VAT) POINT
Jan to HICKORY (PO#: P-160003, Supplier Inv#: HI-160001) (Job: BS). Edit Journal [2 marks]
2016 Memo with "Purchase Return; HICKORY". [Category : IND]
[2 marks]
Immediatelly applied the Return-Debit note to Trade Creditor balance for HICKORY
[ID#: P-160003] for bill on 02 Jan 2016.

10 Sold the following inventory and item service to HILTON HOTEL on Net 30th after POINT
Jan EOM days terms (Inv#: S-160001, Cust PO#: HH-160001). All the goods & Invoices [4 marks]
2016 was Received:
 Ship 70 packs of Continental Buffet (CB) @Rp 700,000.- (Exclude 10% VAT) [Job
: BS]
 Ship 20 packs of Pasta Buffet (PB) @Rp 1,000,000.- (Exclude 10% VAT) [Job : BS]
[Salesperson : Camila] [Category : SGD]

13 Full payment of Rp 75,900,000.- for invoice S-160001 was received from HILTON POINT
Jan HOTEL and deposits to Cheque Account [ID#: R-160001]. [4 marks]
2016
17 Raised sales for item services to SHANRILA with Net 19 days credit term for POINT
Jan Banquet Room (BR) 4 days @Rp 990,000.- (Include 10% VAT) [Job : FR] (Inv#: S- [4 marks]
2016 160002, Cust PO#: SH-160001). [Salesperson : Merry] [Category : MLY]

19 Issued Discount-Credit Notes to SHANRILA Rp 70,000.- as Discount Given (Acc#: 5- POINT

Jan 3000) [Job : SV] (Inv#: S-160003, Cust PO#: SH-160001) and edit Journal Memo [2 marks]
2016 with "Sale Discount: SHANRILA". [Salesperson: Merry] [Category: MLY]

Immediatelly applied the Discount-Credit Notes to Trade Debtor balance for [2 marks]
SHANRILA [ID#: S-160003] for bill on 17 Jan 2016.

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)
26 Use Spend Money, transfer Rp10,000,000.- from Cheque Account (Acc#:1-2110) to POINT
Jan Petty Cash (Acc#:1-2120). [Cheque#: D-160002] [Category: IND] [4 marks]
2016
29 Receive Money for total Rp1,000,000 to Cheque Account (Acc#: 1-2110), for POINT
Jan Rp1,100,000 as Interest Income (Acc#: 8-1000) with Rp100,000 Bank Charges [4 marks]
2016 (Acc#: 6-1200) [ID#: R-160002] [Category: IND]

5. Perform Bank Reconciliation for Cheque Account the Bank Statement shows a [4 marks]
balance Rp 361,400,000.- on 31 Jan 2016.

6. Prepare journal entry to record the depreciation on 31 Jan 2016, for the following [4 marks]
asset categories [GJ#:G-160001] [Category : IND] :
 Kitchen Equipment Rp 1,950,000.-

Save as Monthly Recurring Transaction start from 29 Feb 2016 for those journal
then use the recurring to record depreciation journal for 29 Feb 2016 [GJ#:G-
160003] [Category : IND]

Prepare a journal entry to record the VAT Clearing journal on 31 Jan 2016 [GJ#:G- [4 marks]
160002] for Dec 2015. [Category : IND]

7. On 31 Jan 2016,prepare adjust inventory to record Inventory Found [IJ#:I-160002] [4 marks]

[Category : IND] for:
 3 units of Continental Buffet (CB) @Rp 700,000.- [Job: BS] as 5-1100 Food
& Beverages Purchase
8. Generate the following financial reports at 1 January – 31 January 2016 to PDF file [4 marks]
format, save in REPORTS folder :
 Account Transaction [Accrual]
 Trial Balance
 Standard Balance Sheet
 Profit & Loss [Accrual]
 Reconciliation Report
 Bank Register
 GST [Detail-Accrual]
 Inventory Value Reconciliation

9. From Security Preference, Lock the Accounting period for 31 Jan 2016. BACKUP [4 marks]
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 2016 to 31 Jan 2016, [4 marks]
there is a “?” mark for Scan for Future Dated Transaction. Display it and send to
PDF, save in REPORTS folder.

11. Delete all related transaction on 08 Jan 2016. [4 marks]

12. Edit the Recurring Transaction Template of Fixed Assets Depreciation for Store [4 marks]
Equipment to Rp 2,000,000.- per month.

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com
 MYOB Basic Qualification Test
Level Basic (MYOB Accounting v23)
13. Generate and modify the report fields of Category Profit & Loss Statement for [4 marks]
SGD report like the sample below and then save as PDF Format.

~End of Assignment~

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988| Fax. : 021-5299 4599
E-mail : info@net21plus.com | Website : www.net21plus.com