Code: L1HA12
Effective from 25 Oct 2012
MYOB Qualification Test
LEVEL BASIC
All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise
Please fill your data:
Full name
: ________________________________________________
Place & Date of Birth: _______________________________________________
Phone number
: ________________________________________________
MYOB Qualification Test Level Basic
Instructions to Participants:
1.
You will have 2 hours to complete the test. Answer all questions in the test.
2.
Please check that you have MYOB Premier v12 on your computer. If you do not
see it, please inform the invigilator for assistance.
3.
You are NOT allowed to bring any diskettes or paper into the examination room.
4.
You must create new folder on harddisk. Please save your .MYO, backup folder,
and report folder in this folder and the folder will be collected from harddisk at
the end of the examination.
5.
In the event of any unforseen circumstances e.g. electricity blackout or computer
failure that prohibits you from continuing with the examination, and such event
is not the cause of your own action (s), you will be allocated extra time to
complete the examination at the discretion of the invigilator. (This is to ensure
consistency with all the other instructions, which are expressed in the first
person).
6.
If you should encounter any technical difficulties with the computer during the
examination, please inform the invigilator for assistance.
7.
Non-programmable electronic calculators are allowed for this examination.
8.
You are not allowed to communicate with other examination candidates
throughout the examination.
9.
You are NOT allowed to leave the examination room without the permission of
the invigilator.
10.
The assignment and any used or unused paper, must be returned to the
invigilator at the end of the examination.
The Case Study
Based the fact given, you are required to :
1. Setup the company data file : [4 marks]
Mr. Handoko is the owner of the store “Quantum Home Appliance”.
As Home Appliance Dealer, Mr. Handoko buys and sells home appliances to end users.
Mr. Handoko decided to use MYOB Premier v12 accounting software for preparing his company 1 January to 31 December 2012 Financial Year Reports and prefer to use the 13th accounting period for the audit trial adjustment.
Please use one of the account list provided by MYOB Premier 12. So you don’t need to set up the account list completely.
Setup the following information: The Company address : Yogyakarta Tel : 0274-5707 07
Fax : 0274-5707 08
Email : [email protected]
The following preferences option must be activated :
System Preferences : Tick the option for “Warn if Jobs Are Not Assigned to All Transaction [System-Wide]”
Windows Preferences : Untick option for “Automatically Check Spelling in Text Fields Before Recording Transaction”
Sales Preferences : Tick the option for : “Warn for Duplicate Invoices Numbers on Recorded Sales”
Purchases Preferences
Security Preferences
:
:
Tick the option for : “Warn for Purchase Orders Numbers on Recorded Purchases”
Click User IDs to add new User ID as your Name.
2. Log-off (exit) from MYOB – no backup is required., and then login to MYOB data file created with your user name
Setup the List below : [8 marks]
Setup the following Account List
- The Company don’t use the following account codes anymore :
- The Company changes some accounts as follows :
1-2140 Petty Cash, Change to 1-2120
1-2160 Undeposited Funds, Change to 1-2130 Undeposited Cheque
- The Company need to add the following accounts :
Account # Account Type Header/Detail Level
2-2340 GST Clearing Other Liability Detail 4
Setup the Tax Code List as GST(Goods and Services Tax), Tax Type : Goods & Services Tax, Rate : 10%
Description Vacum Cleaner Coffee Maker Deep Fryer Turbo Mixer Home Theatre
Selling Price Rp600,000 Rp150,000 Rp13,000,000 Rp8,000,000 Rp17,000,000
Tax Code When
MR. GOGO (Customer) DIMARCO (Supplier) JOHAN (Employee)
ZALORA HOUSEWARE (Customer) IYASHI (Supplier) GENIE (Employee)
3. Setup Account Opening Balance Sheet information as 01 January 2012 [8 marks]
Setup the following ending balance as 31 Dec 2011 :
Customer Name MR. GOGO ZALORA HOUSEWARE CV. PRABU PERKAKAS
Total Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST Rp1,100,000 Inc. GST
Invoice# S-110001 S-110002 S-110003
Cust. PO# GP-110001 ZP-110001 PP-110001
Category YK BD SBY
Supplier Name DIMARCO IYASHI SHANO PELITA
Total Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST
PO# P-110001 P-110002 P-110003
Supp. Inv# DS-110001 IS-110001 SS-110001
Category YK BD SBY
Setup the following inventory opening balance as 01 January 2012 [Journal# : I-120001] [Category : YK]:
Item No. Qty Unit Cost
VC 10 units Rp500,000
CM 25 units Rp120,000
DF 8 units Rp12,000,000
according to the dates and details given below.
02 Jan 2012
A purchase was raised to purchase the following inventory item from main supplier, DIMARCO, with Net 25 after EOM credit terms. (PO#:P-120001, Supplier Inv#: DS-120001)
Received 2 unitsVacum Cleaner (VC) for Rp500,000.-/unit (Exclude 10% GST) each. With backorder 1 units of VC.
A bill was received from DIMARCO for Delivery Expenses (Acc# 5-4000) on amount Rp550,000 (Include GST 10%)on COD terms. (PO#: P-120002, Supplier Inv#: DS-120002) [Job : SA] [Category : YK]
Full payment to DIMARCO from Petty Cash[Cheque No: D-120001] for total amount Rp550,000.- for bill on 3 Jan 2012. (PO#:P-120003, Supplier Inv#: DS-120001) (Job : SA) . Edit Journal Memo with “Purchase Return; DIMARCO”. [Category : YK]
Immediately applied the Return-Debit note to Trade Creditor balance for DIMARCO [ID#:P-120003] for bill on 2 Jan 2012. terms (Inv#: S-120001, Cust PO#: ZP-120001). All the goods & Invoice was Received :
Ship 2 units of Deep Fryer (DF) Rp14,300,000.-/ each (Include 10% GST) [Job : LA]
Ship 2 units of Turbo Mixer (TM) Rp8,800,000.-/ each (Include 10% GST) [Job : LA]
[Category : BD] [Salesperson : GENIE]
POINT
[4 marks]
16 Jan 2012
Sold 1 unit Home Theatre (HT) Rp18,700,000 (Include 10% GST) to MR.GOGO on Net 10 days terms (Inv#: S-120002, Cust PO#: PP-120001) All the goods & Invoice was received. [Job: OS][Category : YK] [Salesperson : JOHAN]
POINT
[4 marks]
17 Jan 2012
Raised sale services for Home Theatre Installation to MR.GOGO as
Miscellaneous Income (Acc# 4-8000) for Rp880,000 (Include 10% GST) on COD terms (Inv#: S-120003, Cust PO#:GP-120001). Invoice was delivered. [Job: OS] [Salesperson: JOHAN] [Category: YK].
Full payment of Rp880,000.- for invoice on 17 Jan 2012 was received from MR.GOGO and deposits to Petty Cash [ID#: R-120001].
[4 marks]
18 Jan 2012
Issued Discount-Credit notes to ZALORA HOUSEWARE Rp420,000 as Discount Given (Acc# 5-3000) (Inv#: S-120004, Cust PO#: ZP-120001) and edit Journal Memo with “Sale Discount : ZALORA HOUSEWARE”. [Job : LA] [Category : BD] [Salesperson : GENIE]
Immediately Pay Refund [Cheque No: D-120002] for the Rp420,000
Discount-POINT
Credit notes to ZALORA HOUSEWARE from the Petty Cash. [2 marks]
Receive money for total Rp100,000 on Cheque Account for Rp105,000 as Bank interest Income with Rp5000 Bank Charges [ID#: R-120002][Category : YK]
[4 marks]
5. Perform Bank Reconciliation for the month of Jan 2012 for Cheque Account the Bank statement shows a balance of Rp70,100,000 on 31 Jan 2012.
[4 marks]
6. In addition to the transaction above, prepare a journal entry to record the depreciation on 31 Jan 2012, for the following asset categories [GJ#:G-120001] [Category : YK] :
Bldgs & Imprv Rp1,000,000
Save as Monthly Recurring Transaction start from 29 Feb 2012 for those journal then use the recurring and record depreciation journal for 29 Feb 2012 [GJ#:G-120003] [Category : YK]
Prepare a journal entry to record the GST Clearing journal on 31 Jan 2012 [GJ#:G-120002] for Dec 2011 balance. [Category : YK]
[2 marks]
[2 marks]
7. On 31 Jan 2012, prepare adjust inventory to record Inventory Total Unit Cost Adjustment increased by Rp170,000 as 5-1200 Small Appliance Purchases [IJ#: I-120002] of Coffee Maker (CM)[Job : SA] [Category : YK]
[4 marks]
8. Generate the following financial reports at 1 January – 31 January 2012 reports to PDF file format :
Account Transactions [Accrual]
Trial Balance
Standard Balance Sheet
Profit & Loss (Accrual)
General Journal
Cash Receipts Journal
Cash Disbursement Journal
[4 marks]
9. From Security Preference, activate the option for “Use Audit Trail Tracking”, then Lock the Accounting period for 31 Jan 2012. BACKUP your MYOB company data file (ONLY), Check Company File for Error and Save the MYOB company data backup file name as Your name in Backup Folder.
[4 marks]
13. Generate and modify the Sales -Item [Sales Summary] report like the sample below and then save as PDF Format
[4 marks]
