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hi im currently doing an assignment on MYOB (on the left) and my balance doesnt match with assignment which is on the right. can someone
hi im currently doing an assignment on MYOB (on the left) and my balance doesnt match with assignment which is on the right. can someone please tell me what i did wrong? i will upvote if you tell asap. thanks
AccountRight Plus - [Report Display] File Edit Lists Command Centres Setup Reports Window Services Help of 9 + QD LAND ON As of 1/07/2021 Redisplay View: Screen Report Balance Sheet As of 1/07/2021 The 2022 financial year is from 1st July 2021 to 30 June 2022. The last month of the financial year is June 2022. The conversion month for this case study is July 2021. Opening Balances as at 1 July 2021 Credit $85,600.00 $1,000.00 $56,000.00 $11,205.00 $11.205.00 $69.180.00 $222 985.00 Assets Current Assets Cash at bank Petty Cash Accounts Receiveable Other Assets Prepaid Insurance Total Other Assets Merchandise Inventory Total Current Assets Non-Current Assets Computer Equipment Computer Equipment Computer Equip - Accum Dep'n Total Computer Equipment Shop Fixture and Fittings Shop Fixture and Fittings Shop Fix & Fit Accum Dep'n Total Shop Fixture and Fittings Investments, Long term Total Non-Current Assets Total Assets Debit $85,600 $1,000 $56,000 $69,180 $11,205 $125,000 DI $125,000.00 -$35,000.00 $90,000.00 $35,000 $160,000 $160,000.00 -$62,000.00 398,000.00 $40,000.00 $228,000.00 $450 985.00 $62,000 Cash at Bank Petty Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Computer Equipment Accum Depn - Computer Equipment Shop Fixtures and Fittings Accum Depn - Shop Fixtures & Fittings Investments (Shares in Telstra) - Long Term "Accounts Payable PAYG Withholdings Payable Accrued Expenses - Sales Commissions Interest Bearing Loan (Due 30-Sep-2021) GST Collected GST Paid Bank Loan - Non-current Paid Up Capital Retained Earnings Total $40,000 Labels Lument Liabilities Credit Cards Accounts Payable Accued Expenses - Sales Comm Interest Bearing Loan GST Liabilities GST Collected $36.000.00 $4,000.00 $40,000.00 $36,000 $12,000 $4,000 $40,000 $12,000 GST Pad $12.000.00 $7,000.00 $5.000.00 $7,000 Total GST Lababies Parol Liabetes PAYG Wirtolong Payable Total Pastol Liabates Total Current Liabilities Non-Current Liabilities Bank Loans Total Non-Cument Laoties Total Liabilities $12,000.00 $12,000.00 $97.000.00 AYO! Suppli $210,000 $120,000 $23,985 $554,985 $210,000.00 $210,000.00 $307 000.00 $554,985 Nel Assets $143.985.00 Egy As of: 1/07/2021 Redisplay View: Screen Report Balance Sheet As of 1/07/2021 $85,600.00 $1,000.00 $56.000.00 $11,205.00 $11,205.00 $69.180.00 $222,985.00 Current Assets Cash at bank Petty Cash Accounts Receiveable Other Assets Prepaid Insurance Total Other Assets Merchandise Inventory Total Current Assets Non-Current Assets Computer Equipment Computer Equipment Computer Equip - Accum Dep'n Total Computer Equipment Shop Fixture and Fittings Shop Fixture and Fittings Shop Fix & Fit Accum Deph Total Shop Fixture and Fittings Investments Long term Total Non-Current Assets Total Assets $125,000.00 $35,000.00 $90,000.00 $160,000.00 -$62,000.00 $98,000.00 $40,000.00 $228,000.00 $450 985.00 $36,000.00 $4,000.00 $40,000.00 Liabilities Current Liabilities Credit Cards Accounts Payable Accrued Expenses - Sales Comm Interest Bearing Loan GST Liabilities GST Collected GST Paid Total GST Liabilities Payroll Liabilities PAYG Withholding Payable Total Payroll Labines Total Current Liabilities Non-Current Liab ties Bank Loans Total Non-Current Labies Total Liabilities $12,000.00 -$7000.00 $5,000.00 $12.000.00 312,000.00 $97 000.00 $210,000.00 $210,000.00 $307,000.00 Net Assets $143,985.00 Equity
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