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For this assessment you will again be using MYOBV19.7 Education Edition or MAC AccountEdge. You are to create and submit the following registers, schedules and
For this assessment you will again be using MYOBV19.7 Education Edition or MAC AccountEdge. You are to create and submit the following registers, schedules and reports from your company file and submit them with your assessment.
You must apply the following processes and show that you have undertaken the 3 tasks required by submitting reports that show both debits and credits.
- Tracing and reconciling errors systematically or seek expert advice if required
- Applying double-entry principles
- Completing all tasks according to organisational policies and industry standard
Tasks - Registers, Schedules and Reports
- A detailed asset register and depreciation schedule which includes:
- Property, plant and equipment from fixed asset transactions
- Copies of legers that you have recorded entries for balance day adjustments including:
- Recording depreciation of non-current assets and disposal of fixed assets
- Adjusting expense accounts and revenue accounts for prepayments and accruals
- Recording bad and doubtful debts
- Adjusting ledger accounts for inventories, if required, and transferring to final accounts
- Prepare final general ledger accounts to reflect gross and net profits for reporting period
- Financial reports as follows:
- Revenue statement
- Balance sheets
Where do I get the above information from to complete the reports?
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