Skip to main content

e-Generation: A Computerised and Manual Accounting Practice Set Using MYOB AccountRight PLUS Version 19, Student Edition

e-Generation: A Computerised and Manual Accounting Practice Set Using MYOB AccountRight PLUS Version 19, Student Edition

Wendy Pabst, Brian Perrin

ISBN: 978-0-730-31924-5

Aug 2014

88 pages

Select type: Paperback

Product not available for purchase

Related Resources

Instructor

Contact your Rep for all inquiries

CHAPTER 1 Introduction  1

Business background: e-Generation  1

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  8

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  14

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  24

Entering general ledger opening balances 25

Check the accounts list  27

Set up customer cards and enter opening balances  28

Set up supplier cards and enter opening balances  34

Set up inventory items  37

Record inventory opening balances  41

Initial bank reconciliation  43

CHAPTER 5 Entering transactions for period 1  46

Purchase order  46

Cash sales  47

Spend money (cheque)  49

Receipt from a customer  51

Convert a purchase order into a bill  52

Pay a supplier (part payment)  54

Spend money (petty cash)  55

Credit sales (new customer)  56

Purchase return  58

Spend money (pay wages)  61

Pay a supplier (including prompt payment discount)  62

Cash sales and undeposited funds  65

CHAPTER 6 Reports  67

Using the command centre to produce reports  67

Using the main menu bar to produce reports  69

Profit and loss  70

Balance sheet  71

Trial balance  71

CHAPTER 7 Completing the practice set  73

Period 2 transactions (11 January to 17 January)  73

Period 3 transactions (18 January to 24 January)  73

Period 4 transactions (25 January to 31 January)  74

APPENDICES  75

APPENDIX 1 Source documents — December 2014  76

APPENDIX 2 Glossary of source documents  89

APPENDIX 3 Transactions — January 2015  92

APPENDIX 4 An introduction to the GST and PAYG  107

APPENDIX 5 Chart of accounts  109

APPENDIX 6 MYOB help  111