Record for all the business transactions and economic events

Assignment Help Accounting Basics

Reference no: EM133144291

Computer Based Assignment

Assignment Introduction

In this assignment, the students are required to use the sets of Business Data given to complete the tasks required, which include:

Part 1: Using Excel spreadsheet to record for all the business transactions and the business-related economic events from the set of Business data given. Part 1 will be due in by the end of Week 7 on Sunday 23.59 pm (Sydney time).

Part 2: Using MYOB Accounting program to record for all business transactions and generate the required reports from MYOB.

Business data
The business is a book retailer named, "Student Name Pty Ltd" (students are to insert their own name) and is located at Your Address - Sydney NSW 2000.The firm's sales are both over-the-counter cash and credit to well-known customers.

Required Assessment Tasks

Part 1
You are required to use Excel Spread sheet to record for all the business transactions and economic events relating to the business.
Business transactions and economic events can be found from the DATA SOURCES

Part 2
You are required to use MYOB Accounting Program to record for all the business transactions and economic events relating to the business.
Set-up the business in MYOB - Remember to incorporate YOUR NAME as part of the company name.

Modify the chart of accounts as required to ensure that the transactions affecting the company are recorded and classified correctly.
Enter the Opening Balances to the General Ledger and set up the subsidiary ledger for Customers, Suppliers and Inventory.
Process all business transactions & economic events for July 2021
Print reports for the month of July to be submitted, are as follows:
Accounts (General Ledger)
Transaction Journals = General Journal Profit & Loss Accrual
Standard Balance Sheet
Sales (Accounts Receivable)
Sales & Receivables Transaction Journal
Purchases (Accounts Payable) Purchases & Payables Transaction Journals
Banking
Cash Disbursements Journal Cash Receipts Journal
Inventory
Items List Summary

Note: Only need Part B to be done

Attachment:- Computer Based Assignment.rar

Reference no: EM133144291

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