Perdisco MYOB practice set Inventory, receivables and payables PDF

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Perdisco MYOB practice set Inventory, receivables and payables...

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Inventory, receivables and payables

https://www.perdisco.com/elms/qsam/html/qsam.a

MYOB AccountRight Practice Set Australian Edition 3, Updated for MYOB v19 Bookmark

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Completed By: Charlotf1

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Feedback: Inventory, receivables and payables This is a feedback page. Please review this page carefully. It includes the original questions along with grading of your responses and detailed feedback. After you have reviewed this feedback page, click Continue at the bottom of this page for the next page of your practice set.

Now that you have prepared the adjusted trial balance for Hi-Fi Way, Phebe asks you to provide the values of inventory items on hand, and the current balances of each customer and supplier account.

Instructions 1. Use MYOB to print the following reports for Hi-Fi Way as of 31 January 2019: • • •

Items List [Summary] report - include line items with zero quantities Aged Receivables [Summary] report - include line items with zero balances Aged Payables [Summary] report - include all zero balances

2. Transcribe your results into the reports provided below. Note that if MYOB displays a negative sign in front of a number, you must display that amount as a negative number. Additionally, if MYOB presents numbers in brackets, you must enter those numbers as negative numbers. • •

Items List [Summary] report The report below shows the value of all items that are currently in stock as of 31 January 2019:

BG90 plasma televisions

Time frames are only a guide. You may take more or less time to complete each page.

Your grading outcome (still in progess)

Hi-Fi Way Items List [Summary] 31/01/2019 Item Name

Completed: 93% (approximately) Remaining pages: up to 0.75 hours

Total Value ($)

4160

305

350

23

23

0

36

328

409

On this page After this page Total

30030

MX620 notebook computers

63960

MYOB Learning Centre

Tony ZIO MLP projectors

20880

• •

119030

Total Points

Prior to this page

DK800 desktop computers

Total

Awarded Points

MYOB Learning Centre Quick reference guide

Information from previous pages • • • •

Welcome page Academic integrity General instructions Navigating your practice set

Inventory, receivables and payables

https://www.perdisco.com/elms/qsam/html/qsam.a • • • • • • • • • •

Accounting policies and procedures Creating the company file Setup information Spend money (first transaction) Transactions list (to January 31) Bank reconciliation information Reconciliation report Trial balance (pre adjustments) Adjusting entries information Adjusted trial balance

Feedback

Hi-Fi Way Items List [Summary] Report 31/01/2019 Item Name

Total Value ($)

BG90 plasma televisions

4,160

DK800 desktop computers

30,030

MX620 notebook computers

63,960

Tony ZIO MLP projectors

20,880

Total

119,030

Aged Receivables [Summary] report The Aged Receivables [Summary] report for Hi-Fi Way as of 31 January 2019 is shown below:

Hi-Fi Way Aged Receivables [Summary] 31/01/2019 Name

Total Due ($)

9132

Handys Electronics Hypertronics

22286

Radio Hut

50325

Total

81743

Feedback

Hi-Fi Way Aged Receivables [Summary] 31/01/2019 Name Handys Electronics Hypertronics

Total Due ($) 9,132 22,286

Inventory, receivables and payables

https://www.perdisco.com/elms/qsam/html/qsam.a

Radio Hut

50,325

Total

81,743

Aged Payables [Summary] report The Aged Payables [Summary] report for Hi-Fi Way as of 31 January 2019 is shown below:

Hi-Fi Way Aged Payables [Summary] 31/01/2019 Name

Total Due ($)

0

Big Telco Moon Megasystems

24153

Pear Technology

35090 59243

Total

Feedback

Hi-Fi Way Aged Payables [Summary] 31/01/2019 Name Big Telco

Total Due ($) 0

Moon Megasystems

24,153

Pear Technology

35,090

Total

59,243

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