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please answer. how to input the closing stock figure and how to process relevant journal entey in detail. Record Journal Entry Display in GST [BAS]
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Record Journal Entry Display in GST [BAS] reports as: C Sale (Supply) General Journal # GJ000002 Date: 01/08/20 Memo: Cost of Goods Sold Journal Entries Acct #1 Debit Name Opening stock food & drinks $12,188.00 $278,190.00 Purchases food & drinks Closing stock food & drinks Cash at bank Total Debit Total Credit Tax : Out of Balance: 5-1000 5-2000 5-3000 1-1010 Purchase (Acquisition) Credit 4 $12,188.00 $278,190.00 $290,378.00 $290,378.00 $0.00 $0.00 Job Tax Inclusive Memo Tax N-T N-T N-T N-T A The bookkeeper, a, did not know how to input the closing stock figure of $18,402 into the MYOB management accounts and specifically asks you to process the relevant journal entry/entries directly into MYOB on her behalf. You note from perusing the MYOB data file that she has left the opening stock figure of $12,188 (which she entered on 1 August 2020) in the MYOB management accounts as She did not know how to do the adjustment how to input the closing stock figure and how to process relevant journal entey in detail.
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