Complete the deposit slip using the information given.

The business name is Master Productions Ltd.

The account number is 456801678-1.

The deposit is being made by Sally Brown.

The date is 1 June 2016.

Cash deposited is made up of 11 x $50, 19 x $20, 36 x $10, 24 x $5, Coin $30.

Cheques include:

o$220 from Mr Barker's Commonwealth Bank account at Bow Hill.

$600 from K West's National Bank account at Crawford

Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Assessment Details Qualification Code/Title Assessment Type Assessment -02 ( Project) Time allowed Due Date Location AHIC Term / Year Unit of Competency National Code/Title FNSACC301 Process financial transactions and extract interim reports Student Details Student Name Student ID Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ____________________________ Date: _____/______/__________ Assessor Details Assessor's Name RESULTS (Please Circle) SATISFACTORY NOT SATISFACTORY Feedback to student: ......................................................................................................................................................................................... ......................................................................................................................................................................................... ......................................................................................................................................................................................... ......................................................................................................................................................................................... ........................ Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights. Signature: _______________________________ Date: ______/_______/___________ Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback. Signature: ________________________________________ Date: ______/_______/___________ Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 1 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Instructions to the Candidates Instructions to the Candidates This assessment is to be completed according to the instructions given below in this document. Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit. If you are not sure about any aspect of this assessment, please ask for clarification from your assessor. Please refer to the College re-submission and re-sit policy for more information. If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately. To be deemed competent for this unit you must achieve a satisfactory result with tasks of this assessment along with a satisfactory result for the other assessment (Project) There are two sections in this assessment. This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately. This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the Assessments to your Trainer/ Assessor. Plagiarism is copying someone else's work and submitting it as your own. Any Plagiarism will result in a mark of Zero. Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 2 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Project 1 Complete the deposit slip using the information given. The business name is Master Productions Ltd. The account number is 456801678-1. The deposit is being made by Sally Brown. The date is 1 June 2016. Cash deposited is made up of 11 x $50, 19 x $20, 36 x $10, 24 x $5, Coin $30. Cheques include: o $220 from Mr Barker's Commonwealth Bank account at Bow Hill. o $600 from K West's National Bank account at Crawford. o Front Side of Deposit Bank of Australia, King William Street Account Name: master production ltd. Office use only Signature: Date:1 june 2016 Account Number:456801678 -1 Cash Total:1440 $100 x0 $ 50 x11 Cheque Total:820 $ 20 x19 $ 10 x36 $ 5 x24 Coin$30 Paid in by (name): Number of items:2 Total Deposit:2260 Total Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 3 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Rear of Deposit Bank of Australia, King William Street Drawer Bank Branch Amount Mr Barker Commonwealth Bank Bow Hill 220 K West National Bank Crawford 600 Total Cheques: 820 Project 2 1. Enter the account for each transaction. Some are already entered. Date 1 4/3/2016 Transaction Filled car with fuelpaid cash Amount 32.80 Account Motor vehicle expenses Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 4 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia 2 5/3/2016 Cash sale 156.99 3 6/3/2016 Invoice sale (R Smith) 1,999.00 4 6/3/2016 Cash sale 1,899.00 5 6/3/2016 Copy paper paid cash 11.50 Stationery 6 11/3/2016 Filled car with fuelpaid cash 28.50 Motor vachle expenses 7 11/3/2016 Cash sale 8 13/3/2016 Copy paper paid cash 9 13/3/2016 Invoice sale (W Jones) 3,450.00 10 17/3/2016 Filled car with fuelpaid cash 31.75 11 19/3/2016 Cash sale 64.99 12 20/3/2016 Rentpaid cash 350.00 13 25/3/2016 Filled car with fuelpaid cash 18.25 14 26/3/2016 Cash sale 15 28/3/2016 16 28/3/2016 Interest received Payment received for invoice sale 1,275.00 11.50 1,999.00 1.89 3,450.00 Sales Account receivable sales sales Stationery Account receivable Motor vachle expenses sales Rent Motor vachle expenses sales Interest Account receivable 2. Enter the transactions using T accounts and complete the T account totals. Cash Debit Date Credit Ref Amount Date Ref Amount Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 5 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Motor Vehicle Expenses Debit Date Credit Ref Amount Date Ref Amount Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 6 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Sales Debit Date Credit Ref Amount Date Ref Amount Accounts Receivable Debit Date Credit Ref Amount Date Ref Amount Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 7 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Stationery Expenses Debit Credit Date Ref Amount Date Ref Amount Rent Expenses Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 8 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Debit Credit Date Ref Amount Date Ref Amount Interest Received Revenue Debit Credit Date Ref Amount Date Ref Amount 3. Prepare the general ledger entries using the worksheet. General ledger Date Docket Details Post Ref Debit Credit Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 9 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia 4/3/2016 GJ-1-1 5/3/2016 GJ-1-2 6/3/2016 GJ-1-3 6/3/2016 GJ-1-4 6/3/2016 GJ-1-5 11/3/2016 GJ-1-6 Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 10 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia 11/3/2016 GJ-1-7 13/3/2016 GJ-1-8 13/3/2016 GJ-1-9 17/3/2016 GJ-1-10 19/3/2016 GJ-1-11 Cash sale Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 11 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia 20/3/2016 GJ-1-12 25/3/2016 GJ-1-13 26/3/2016 GJ-1-14 28/3/2016 GJ-1-15 28/3/2016 GJ-1-16 Debtors ledger Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 12 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia R Smith Date Docket Details 1/3/2016 Post Ref Debit Credit Balance Opening Balance 0.00 6/3/2016 31/3/2016 Closing Balance W Jones Date Docket Details 1/3/2016 Post Ref Debit Credit Balance Opening Balance 0.00 13/3/2016 28/3/2016 31/3/2016 Closing Balance Trade Debtor's Schedule Opening Balance 0.00 Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 13 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Closing Balance 4. Prepare a trial balance for the accounts. Trial Balance Account DR$ CR$ Cash Motor Vehicle Expenses Sales Accounts Receivable Stationery Rent Interest Received Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 14 of 15 Australian Harbour International College RTO ID: 41338 CRICOS Provider Code: 03449J ABN: 74 603 036 102 T: 02 9268 0085 E: admissions@ahic.edu.au W: www.ahic.edu.au A: Level 4, 114-120 Castlereagh Street Sydney NSW 2000 Australia Australian Harbour International College, 114-120 Castlereagh Street, Sydney NSW 2000, Australia |RTO NO: 41338 | CRICOS Provider Code: 03449J File Name : FNSACC301 Process financial transactions and extract interim reports Version 7.0/ August 2016 Review Date: February 2017 Page 15 of 15