Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Appendix 1 Tasks 1-4 Task 1 - Preparing deposit facility and lodging ows Background You are employed as a part-time Accounting Assistant for Complete Business

image text in transcribed
image text in transcribed
Appendix 1 Tasks 1-4 Task 1 - Preparing deposit facility and lodging ows Background You are employed as a part-time Accounting Assistant for Complete Business Services. As part of this position, you are required to arrange to deposit and bank the receipts {through a role play]. You are required to prepare the deposit of the six (6] transactions given in a separate table ( List of Transactions) at the Commonwealth Bank branch as per the banking procedures outlined in the organisational Policies and Procedures document. You are required to refer to "Banking information" for additional information to help you complete the tasks. Notes for the roleplay as {d} below: You as the depositor will need to obtain proof of lodgement from the bank clerk} teller [another participant in your roleplay] e.g. through signed documentation}. Your roleplay should be 12 minutes in duration and recorded. You will require another participant eg friend/ another classmate:r family member who will be in the role of a clerkfteller. You will need to upload the video on Canvas. Complete the following: The student's task list includes the following: a] Name the deposit facility you will use to complete the transactions b) Describe two [2] ways to deliver the monies safely and securely c] Prepare the deposit facility that will be used to process all six {6) transactions and complete the deposit slip which is provided below. d) Conduct and record a roleolay you (the student] will play the role of the depositor and the other participant will be the bank clerk! teller. You, the depositor, must present your completed documentation to the bank clerk/teller. The bank clerk/teller must them check the amount and sign the documentation as proof of lodgement. e} List 2 features from the organisational Policies and Procedures for handling electronic payments, cheques and cash. {2 examples for each of the payment methods}! f] Following is the copy of the cheque you have received from Smith 8: Co.as referred in transaction no. 2 in the table given for list of transactions. You are required to check the validity of the cheque by checking the amount in words and gures. You need to carefully check the spelling for your business. Write "yes\" if the amounts match. If no. Write "no" and state what differences you found. g] You are also required to conrm with the telier during your roleplay that the money received from Tory Michael as an electronic payment is being credited to your business bank account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics for Accounting

Authors: Vernon Richardson

1st edition

1260375196, 9781260375183 , 978-1260375190

More Books

Students also viewed these Accounting questions

Question

Technology

Answered: 1 week ago

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago