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World Of Games - A Combined Practice Set

World Of Games - A Combined Practice Set

Wendy Pabst, Brian Perrin

ISBN: 978-0-730-32925-1

Jan 2016

208 pages

Select type: Paperback

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CHAPTER 1 Introduction  1

Business background: World of Games  2

Part A: Manual accounting system  2

Part B: Computerised accounting system  2

Conclusion  2

PART A: MANUAL ACCOUNTING SYSTEM  5

CHAPTER 2 Manual accounts 6

Account balances  7

Requirements for Part A  9

PART B: COMPUTERISED ACCOUNTING SYSTEM  11

CHAPTER 3 Computerised accounts  12

MYOB software  12

Completing Part B  13

Downloading MYOB AccountRight Plus  13

Running MYOB AccountRight Plus and opening a company file  13

MYOB AccountRight Plus graphical interface  15

CHAPTER 4 Setting up the data file  17

Set up the business details using the New Company File Assistant  17

Set up the accounts list  21

Double-entry accounting and linked accounts  25

Entering general ledger opening balances  27

Check the accounts list  28

Set up customer cards and enter opening balances  29

Set up supplier cards and enter opening balances  35

Set up inventory items  39

Record inventory opening balances  43

CHAPTER 5 Entering transactions for period 1  47

Reversing journal entries  47

Purchase order  48

Cash sales  50

Pay a supplier  52

Spend money (cheque)  53

Convert a purchase order into a bill  54

Receipt from a customer  56

Credit sales  57

Electronic transfer of funds  59

Credit purchase  60

Spend money (two tax codes)  62

Spend money (wages)  63

Purchase order  64

CHAPTER 6 Reports  65

Using the command centre to produce reports  65

Using the main menu bar to produce reports  66

Profit and loss  68

Balance sheet  68

Trial balance  69

CHAPTER 7 Completing the practice set  70

Period 2 transactions (11 July to 17 July)  70

Period 3 transactions (18 July to 24 July)  70

Period 4 transactions (25 July to 31 July)  71

APPENDIX 1 Source documents — June 2016  74

APPENDIX 2 Glossary of source documents  84

APPENDIX 3 Transactions — July 2016  87

APPENDIX 4 An introduction to the GST and PAYG  100

APPENDIX 5 Chart of accounts  102

APPENDIX 6 MYOB Help  104