Reference no: EM132505598

Case Study

Introduction

In this assignment students are required to use the:
• General Ledger
• Banking
• Sales - Accounts Receivable
• Purchases - Accounts payable
• Inventory
modules of the MYOB computer accounting program to process transactions and to produce a set of accounting reports relating to business operations.

Required:
1. Set up the business in MYOB - Remember to Incorporate YOUR NAME as part of the company name.
2. Modify the chart of accounts as required to ensure that the transactions affecting the company are recorded and classified correctly.
3. Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory.
4. Process transactions for July, Including the completion of the Bank Reconciliation.

5. Print reports for the month of July to be submitted, are as follows:
• Accounts (General Ledger)
Accounts List - Summary
Trial Balance
Transaction Journals = General Journal Profit & Loss Accrual
Standard Balance Sheet
• Sales (Accounts Receivable)
Receivables - Reconciliation Summary Item - Sales Summary
• Purchases (Accounts Payable)
Payables - Reconciliation Summary Item -Purchase Summary
• Banking
Transaction Journals
Cash Disbursements Journal Cash Receipts Journal
Cheques and Deposits
Reconciliation Report
• GST / Sales Tax Reports
GST Reports GST [Detail - Accrual]
• Inventory
Items
Items List Summary
Inventory Value Reconciliation

Attachment:- MAH-020520201222.rar