Computerised accounting

ASSESSMENT TASK MODULE 3 – VARIOUS TASKS (Due Date: Refer to your unit guide)

NAME : ___________________

VU STUDENT ID : _________________ (If you do not provide this your assessment will not be marked.)

Your SAP login number or 3 digits used : CA-_____

Instructions:

 All files must be uploaded to VU Collaborate Assessment Dropbox.  DO NOT EMAIL this assessment or any assessment to your lecturer.  You must use this document in word format to compete your answers without deleting the

questions contained in this document.  If you do not submit via the Assessment Dropbox on VU Collaborate, you will receive NO

MARKS for this assessment and NO discussion will be entertained in this regard.  If you experience any problems, you will always contact the Unit Coordinator and NOT your

lecturer. The unit coordinator’s email address is [email protected]  You should have only 2 documents, one for, all balances and another for all transactions.  If you enter these transactions in company code CXXX, you will get no marks for

this assessment  When you submit the screenshots, make sure you show a good clear image. You can

use “snipping tool” if you have windows operating system. Do NOT do a screen dump as the image is not clear.

Question Enter the following transactions using a single document for all transactions in company code DXXX. The Value Date for Bank account is TODAY’s date.

Note: All transactions must be done using ONE document. Do not enter each transaction by repeating a GL account. For example, do not do transaction 1, as Dr. Bank and Cr Long term Loan and then transaction 2 as Dr Office supplies and Cr Bank. You should only use Bank account once with the net figure at the end. If you not sure ask your lecturer.

All transactions occur TODAY in Company Code DXXX

For the amounts, replace “xxx” by your 3 digits of the login

1. The company was successful in obtaining a Long term Loan to the amount of $856,xxx. This amount was deposited into the firm’s Bank account

2. Office supplies were purchased for cash to the amount of $155,xxx 3. Paid off a part of the Mortgage $293,xxx 4. Invested a further $632,xxx into another long term investment. The due date is

1.1.2030 5. Patents were revalued at $1,130,xxx and Goodwill was revalued at $356,xxx 6. Additional shares were issued for $625,xxx 7. Purchased a new Motor Vehicle for $88,xxx cash 8. Purchased Factory Equipment for $752,xxx cash 9. Paid $322,xxx off the Other short term Payables 10. Sold Furniture and Fittings for $155,xxx cash.

NOTE: Most transactions are cash transactions and as such will affect the Bank account only. One transaction involves no cash and that is the Patents and Goodwill which must be offset against the 510000 Reserves account.

REQUIRED

Once you have entered these transactions then provide on this answer sheet

 Write down the documents in the suggested solution answer sheet below.  screenshots for the following reports for DXXX:

1.

2. 3.

NOTE: No late submissions and no resubmissions are permitted for this task.

SUGGESTED SOLUTION

 Document Number is : Balances ______________________ Transactions ______________________

 Paste the 3 screenshots for the above reports below (Note: if you cannot show the entire page, that’s ok, just the first page will do):