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QUESTION 3 UBS can be used to record the business transaction using a method called batches Explain the mechanism of batches in UBS Accounting Software
QUESTION 3
UBS can be used to record the business transaction using a method called batches
- Explain the mechanism of batches in UBS Accounting Software
(6 marks)
- Describe the step taken to create the following batches
Sales Journal Oct 20 (Batch 1)
Purchased Journal-Oct 20 (Batch 2)
Bank Receipts-Oct 20 (Batch 3)
Bank Payments- Oct 20 (Batch 4)
Sales Return Journal Oct 20 (Batch 5)
Purchased Return Journal-Oct 20 (Batch 5)
(12 marks)
- After the batch has been created, we can enter the transaction. Describe the step taken to enter the following transactions.
Bank Payments- Oct 20 (Batch 4)
Date | Description | Ref No | Amount |
15/10/2020 | Travelling | BPV 11/1 | RM150 |
30/10/2020 | Salary | BPV 11/2 | RM1,500 |
30/10/2020 | Water and Electricity | BPV 11/3 | RM200 |
(12 marks)
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