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SECTION B TAKE - ON OF OPENING BALANCES Task 1 0 : Process take - on general journals 1 0 . 1 Create the four
SECTION B TAKEON OF OPENING BALANCES
Task : Process takeon general journals
Create the four subaccounts required for the takeon of the opening balances.
Process but do not update the General Journals to takeon the trial balance balances using the
appropriate opening balance subaccounts.
Hover Hub Ltd
Trial Balance
April
Dr Cr
Retained Income
Share Capital
Investments
Computer Equipment @ Cost
Computer Equipment Accumulated Depreciation
Furniture and Fittings @ Cost
Furniture and Fittings Accumulated Depreciation
Repair & Maintenance @ Cost
Repair & Maintenance Accumulated Depreciation
Nedbank Current Account
Petty Cash float
Inventory Control
Customer Control
Supplier Control
VAT Control
Print the General Journal without contras.
Update the General Journal batch.
Make a backup of HH Pastel company in a new folder named Take on TB Save a copy of this backup on
an external memory device.
Its not letting me post to the supplier and customer control account what do i do
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