The Case Study
Based t he f act given, you are requi red t o :
1. Set up t he company dat a f il e : [ 4 marks]
Syst em Pr ef er ences : Tick t he opt ion f or “ Warn if Jobs Are Not Assigned to All Transaction [System-Wide]”
Wi ndows Pref erences : Unt ick opt ion f or “ Automatically Check Spelling in Text Fields Before Recording Transaction”
Sal es Pref er ences : Tick t he opt ion f or : “ Warn for Duplicate Invoices Numbers on Recorded Sales”
Purchases Pref er ences
Securit y Pref erences
:
:
Tick t he opt ion f or : “ Warn for Purchase Orders Numbers on Recorded Purchases”
Cl ick User IDs t o add new User ID as your Name.
2. Set up t he Li st bel ow : [ 8 marks]
Set up t he f ol l owing account l ist
- The Company don’ t use t he f ol l owi ng account codes anymor e : 1-2120 Payrol l Cheque Account
1-2130 Cash Drawer
1-2210 Less Prov’ n f or Doubt f ul Debt s
- The Company changes some account l ist as f ol l ows : 1-2140 Pet t y Cash, Change t o 1-2120
1-2160 Undeposi t ed Funds, Change t o 1-2130 Undeposit ed Cash
- The Company need t o add t he f ol l owi ng account s :
Account # Account Type Header/ Detail Level
2-2340 GST Cl eari ng Ot her Li abil i t y Det ail 4
Mr. Bust omi is t he owner of t he company “DINAMIKA, PT” .
As Sporting Goods Dealer, Mr. Bust omi buys and sel l s sport ing goods t o end users.
Mr. Bust omi decided t o use MYOB Premier v12 account ing sof t war e f or prepari ng his company 1 January to 31 December 2011 Financial Year Report s and pref er t o use t he 13th accounting period for the audit trial adj ustment.
Pl ease use one of t he account l ist provided by MYOB $FFRXQWLQJY. So you don’ t need t o set up t he account l ist compl et el y.
Set up t he f ol l owing inf ormat ion: The Company address : Jakart a Tel : 021-5707070
Fax : 021-5707080
Email : inf o@dinami ka. com
Set up t he t ax code as GST (Goods and Services Tax), Tax Type : Goods & Services Tax, Rate : 10%
Set up t he Job List as R f or Retail, S f or Services.
Set up t he Cat egori es Li st as JKT f or Jakarta, MLG f or Malang.
Set up t he it ems l i st as f ol l ows :
Item No. HG OT MB CT
Description Home Gym Or bit r ek Magnet i c Bi ke Cross Tr ai ner
Selling Price $900 $1000 $1, 100 $1, 250
Tax Code When Bought/ Sold
N-T N-T N-T N-T
Selling Unit of Measure
Unit Unit Unit Unit
I Buy This Item Pur chases Pur chases Pur chases Pur chases
I Sell This Item Sal es Sal es Sal es Sal es
I Invent ory This Item Merchandise Invent or y
Merchandi se Invent or y
Mer chandise Invent or y
Mer chandise Invent or y
Set up t he f ol l owing cust omer and suppl ier l ist :
SANDIAGO (Customer) BIG JAYA (Supplier)
TAKOMA (Customer) PURNAMA (Supplier)
SADINO (Customer) ICON (Supplier)
Set up t he empl oyees l ist : Merry, Rahmat and Mariana
3. Set up Bal ance Sheet i nf ormat ion as 01 January 2011 [ 8 marks]
Account # Account YTD Debit YTD Credit
1-1310 Bl dgs & Imprv at Cost $30, 000
1-1320 Bl dgs & Imprv Accum Dep $150 1-2110 Cheque Account $20, 000
1-2120 Pet t y Cash $2, 000 1-2200 Trade Debt ors $5, 500 1-2300 Merchandise Invent or y $14, 000
2-2200 Trade Cr edit or $6600 2-2310 GST Col l ect ed $600 2-2330 GST Paid $500
3-1100 Owner / Shar ehl dr Capi t al $54, 650 3-8000 Ret ai ned Ear nings $10, 000
Total : $72, 000 $72, 000
Set up t he f ol l owing ending bal ance as 31 Dec 2010 :
Set up t he f ol l owing invent ory opening bal ance as 01 January 2011 : suppl ier, BIG JAYA on net 30 days credit terms. (PO#: P-110001, Supplier Inv#:BJ-110001)
Rai sed purchase t o ICON f or advertising $550 (Include 10% GST) on COD
Terms. (PO#: P-110002, Supplier Inv#: IC-110001). Bil l was recei ved. [Job : S]
Immediat el y applied the Debit note to Trade Creditor balance f or BIG JAYA [ID#:P-110003] f or bill on 2 Jan 2011.
[Salesperson: Merry], [Category: JKT].
POINT
[Salesperson : Rahmat], [Category : MLG]
POINT 110001] as Discount Taken rebat e and edit Journal Memo wit h “ Sale Discount: TAKOMA” . [Salesperson: Rahmat], [Category: MLG].
Immediat el y Pay Refund [Cheque No: D-110002] f or t he $100 Sal es Rebat e t o TAKOMA f rom t he Petty Cash.
POINT [ 2 marks]
19 Jan 2011
Part l y payment of $1000. - f or invoice on 16 Jan 2011 was recei ved f rom TAKOMA and deposi t s t o Cheque Account [ID#: R-110001].
POINT [ 4 marks]
20 Jan 2011
Use Spend Money [Cheque No: D-110003] t o record expenses f r om Cheque Account $1, 000 f or Store Supplies [Category : JKT].
POINT [ 4 marks]
Use Receive Money [ID#: R-110002] t o record : Deposit $500 t o Cheque Account f or $550 Bank Interest Income And $50 Bank Charges [Category JKT].
[ 4 marks]
5. Perf orm Bank Reconciliation f or t he mont h of Jan 2011 f or Cheque Account t he Bank st at ement shows a bal ance of $19, 950 on 31 Jan 2011.
[ 4 marks]
6. In addit ion t o t he t ransact ion above, prepar e a j ournal ent ry t o record t he depreciation on 31 Jan 2011, f or t he f ol l owing asset cat egori es [GJ#:G-110001] [Category : JKT] :
Office Equipment $150
Save as Monthly Recurring Transaction start from 28 Feb 2011 f or t hose j ournal t hen use t he recurri ng and record depreciat i on j ournal for 28 Feb 2011 [GJ#:G-110003] [Category : JKT]
Prepare a j ournal ent ry t o record t he GST Clearing j ournal on 31 Jan 2011 [GJ#:G-110002] f or Dec 2010. [Category : JKT]
[ 4 marks]
[ 4 marks]
7. On 31 Jan 2011, prepare adj ust i nvent ory t o record Inventory Unit Cost Adj ustment as COGS Account 5-1000 Purchases [ IJ#: I-110002] of Cross Trainer (CT) f or amount $150. [Job : R] [Category : JKT]
[ 4 marks]
8. Generat e t he f ol l owing financial reports at 1 January – 31 January 2011 reports to PDF file format :
St andard Bal ance Sheet Prof it & Loss (Accrual ) General Journal
Bank Reconci l iat ion report Al l Sal es r eport
Al l Purchases r eport It em Regi st er (det ail ) Cash Receipt s Journal Cash Disbursement Journal
[ 4 marks]
9. From Security Preference, act i vat e t he opt ion f or “ Use Audit Trail Tracking”, t hen Lock the Accounting period f or 31 Jan 2011. BACKUP your MYOB company dat a file (ONLY), Check Company File for Error and Save t he MYOB company dat a backup f il e name as Your name in Backup Folder.
[ 4 marks]
10. From Company Data Auditor – Transaction Review f or 1 Jan 2011 to 31 Jan 2011, t here i s a “ ?” mark f or Scan for Future Dated Transaction. Displ ay it & Sent to PDF the reports. And t hen delete t hat Future Dated Transaction j ournal.
11. Del et e al l t ransact ion on 04 Jan 2011 [ 4 marks]
12. Edit the Recurring Transaction Template of Fi xed Asset s Depreci at i on f or Of f ice Equipment t o $160 per mont h.
[ 4 mark s]
13. Modi f y t o Mi crosof t Excel t he St andard Balance Sheet reports as of Jan 2011 in T Format (l ike t he sampl e bel ow)
[ 4 marks]
~End of Assignment ~
Dinamika, PT. Balance Sheet As of January 2011
ASSETS LIABILITIES & EQUITY
Assets Liabilities
Fixed Assets Current Liabilities
Mot or Vehicl e Trade Credit ors $253, 220. 00
Mot or Vehicl e at Cost $30,000.00 VAT Liabil it ies
Mot or Vehicl e Acc Dep ($3, 325. 00) VAT Collect ed $2, 605. 45
Tot al Mot or Vehicl e $26,675.00 VAT Paid ($14,520. 00)
Tot al Fi xed Asset s $26,675.00 Tot al VAT Liabil it i es ($11,914. 55) Current Asset Total Current Liabilities $241, 305. 45
Bank & Cash i n Hand Total Liabilities $241, 305. 45
General Cheque Account $135, 244. 00
HSBC Phil ippines $100, 200. 00
Pet t y Cash $2, 000. 00 Equit y
Undeposit ed Funds $450. 00 Pai d Up Capit al $150, 000. 00
Tot al Bank & Cash in Hand $237, 894. 00 Ret ained Earnings $4, 984, 428.62
Trade Debt ors $103, 560. 00 Current Earnings ($120. 47)
Invent ory Total Equity $5, 134, 308.15
Invent ory-Equi pm ent $5, 007, 484.60
Tot al Invent ory $5, 007, 484.60
Total Current Asset $5, 348, 938.60
Total ASSETS $5, 375, 613.60
Total LIABILITIES & EQUITY
