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ASSUME IT IS 1 May 2024 This is important! No matter what the real date is right now, this simulation begins on 1 May 2024
ASSUME IT IS 1 May 2024 This is important! No matter what the real date is right now, this simulation begins on 1 May 2024 and all the transactions within it occur during the month of May 2024. Please be careful when you are entering dates into MYOB because dates in that software are likely to default to the current real-world date and you must change them appropriately. This is not unusual. Even in a real-world accounting practice, most transactions that accountants must enter into accounting software systems occur on a date other than the day that the accountant is making the software entry. Take care with dates! A question from your mentor about dates Your mentor, Celia Cohen, is very concerned that you enter the correct dates for your transactions and she asks you a question to see if you have been paying attention. Select the most appropriate answer to her question. Celia asks, when you enter the transactions for your first month of business operations, the dates that you input into MYOB are best described as being: whatever MYOB automatically selects for you. the real-world date on which you enter the transactions into MYOB. such that each transaction
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