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Comprehensive Excel case study, and ERP assignment DigiPrint Ltd (Located in Dammam) retails printers, and currently Zoho books accounting software. Its financial year ends
Comprehensive Excel case study, and ERP assignment DigiPrint Ltd (Located in Dammam) retails printers, and currently Zoho books accounting software. Its financial year ends on 31st January. It is thinking of adopting an ERP system, effective from 1st February 2022. The following information relates to the year ending 31st January 2022. DigiPrint Ltd Trial Balance as at 31st January 2022 Account Description Debit Credit SAR SAR Land and Buildings 500,000 Accumulated Depreciation on Land and Buildings 30,000 Motor Vehicles 40,000 Accumulated Depreciation on Motor Vehicles 10,000 Furniture and Fittings 190,000 Accumulated Depreciation on Furniture & Fittings 42,500 Inventory (01/02/2021) 150,000 Accounts Receivable 33,000 Cash at Bank 60,000 Cash in Hand 5,000 Motor vehicle expenses prepaid 200 Accounts Payable 25,000 Electricity accrued 300 Issued and paid up capital 650,000 Accumulated retained earnings reserve b/f (01/02/2021) 80,000 Sales 490,000 Purchases 250,000 Discount Received 4,000 Discount Allowed 3,000 Sales Return Inwards 5,000 Purchases Return Outwards 2,000 Salary 50,000 Depreciation on Land and Buildings 6,000 Depreciation on Motor Vehicles 8,000 Depreciation on Furniture & Fittings 9,000 Telephone 5,100 Rent 6,000 Electricity 8,500 Motor vehicle expenses 5,000 1,333,800 1,333,800
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