Record the transactions in the appropriate general

Assignment Help Financial Accounting

Reference no: EM132278020

Financial Information Systems Assignment - Xero assignment - Surf Haven case study

Required:

Part A: manual recording

1. Record the opening balances as at 1 March 2019 in the appropriate accounts and the opening balances of accounts receivable, accounts payable and inventory in the appropriate subsidiary ledgers.

2. Record the transactions in the appropriate general or special journal for March 2019. Record and post all transactions from journals to the general ledger in accordance with accounting procedures.

3. Prepare schedules of accounts receivable, accounts payable and inventory as at 31 March 2019 and reconcile these with the control accounts in the general ledger.

4. Record end of month adjustments in the general journal and post these to the general ledger.

5. Prepare a Trial Balance after end of month adjustments as at 31 March 2019.

6. Prepare closing entries for March 2019.

7. Prepare an Income Statement for March 2019 and a Balance Sheet as at 31 March 2019.

8. Prepare a Trial Balance after closing entries for March 2019.

Pro-forma journals, ledgers, worksheets and reports are available in the assessment folder and must be used to submit part A.

Part B: Computerised accounts using XERO

1. From your XERO Learning platform, download the data file for Surf Haven.

2. Enter the conversion balances as at 1 March 2019.

3. Record the transactions for March 2019.

4. Record end of month adjustments.

Attachment:- Assignment Files.rar

Reference no: EM132278020

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