Manual Recording and Computerised Accounts using MYOB Case Study - Brisbane Divers
Part A: Manual Recording
To record transactions manually, you must use the Excel files provided on the unit Canvas. Handwritten work or Excel files other than the Excel files provided on the unit Canvas are not eligible for submission.
Part B: Computerised accounts using MYOB
It is required that when setting up the company details using MYOB software, you need to put your group members' first names as part of the company name (e.g. Brisbane Divers - Group members' names). The address for the business is to be your own address (no need to be an actual postal address. You can create an address).
Part A Manual Recording
To record transactions manually, you must use the Excel files provided on the unit Canvas. Handwritten work or Excel files other than the Excel files provided on the unit Canvas are not eligible for submission.
Required:
1. Record the opening balances as at 1 August 2018 in the appropriate general ledger accounts.
2. Record August month's transactions in the general journal and post these to the general ledger.
3. Record end of month adjustments in the general journal and post these to the general ledger.
4. Prepare a Trial Balance after end of month adjustments as at 31 August 2018
5. Prepare an Income Statement for August 2018 and a Balance Sheet as at 31 August 2018.
Part B Computerised accounts using MYOB
It is required that when set up the company details using MYOB software put your group members first names as part of the company name (Brisbane Divers -Group members names). The address for the business is to be your own address (no need to be an actual postal address.
You can create an address.
For example, if your assignment group member's first names are Jia, Billy and Peter the company name will be Brisbane Divers -JiaBillyPeter. Any part B assignment with no student names in the company name will not be accepted.
1. Enter the business information, establish a chart of accounts, record supplier and customer balances, enter inventory balances and record opening ledger account balances as at 1 August 2018.
2. Record the transactions, including the adjusting entries, for the month of August 2018.
3. Produce Trial Balance as at August 31st, 2018 (after all adjustments). (This MUST be directly printed from MYOB).
4. Produce Transaction Journal from 1 August to 31 August for all transactions. (This MUST be directly printed from MYOB).
5. Produce Income Statement for month ended August 2018 (This MUST be directly printed from MYOB).
6. Produce Balance Sheet as at 31st August 2018 (This MUST be directly printed from MYOB).
Important Information
1. To record transactions manually, you must use the Excel files provided on the unit Canvas. Handwritten work or Excel files other than the Excel files provided on the unit Canvas are not eligible for submission.
2. When establishing the business name for the assignment, students are required to insert their own name after the business name (Refer above). Any part B assignment with no student names in the company name will not be accepted.
3. The assignment must be accompanied with an assignment cover sheet listing all members' full name and student identification number.
4. It is the student's responsibility to keep a backup copy of the assignment until all the assignment process is completed and marks are on Canvas.
5. Any assignments handed in late will be penalised as explained in the course guide.
Note: PART A MANUAL RECORDING ONLY
Attachment:- Assessment-Task-2-Manual-Recording.rar