Computerised Financial Systems N4 — Document
June 2019 — N4 — Computerised Financial Systems
N4
2019
Nated Business
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Q1— Section header —
1.1hoose a term from COLUMN B that m atches a description in COLUMN A Write only the letter (A J\ next to the question number (1.1.1
1.1.5\in the ANSWER BOOK. COLUMN A COLUMN B
1.1.5This is the shortcut key for he note facility For standardi ation purposes, you want all users to enter data in the same format
1.2Indicate whether the following statements are TRUE or FALSE. Choose the answer and write only rue' or ' alse' next to the question number
1.2.5in the ANSWER BOOK Correct the statement if it is FALSE.
1.2.1The business determines the percentage of tax.
1.2.2Zero rate items include financial services and donated goods.
1.2.3uppliers who have to submit returns on a six monthly basis , make use of Category A tax periods
1.2.4The percentage that will be used for inclusive items is 100%.
1.2.5The tax that will be used for fixed assets is 01. (5 2\ (10\
1.3State the FIVE steps to add a company from another drive. (5\ [20] TOTAL SECTION A: 20 (6030154\20
Q2— Section header —
2.1ENTRY TYPES (A lready set up\ No ntry t ype
2.2GENERAL LEDGER ACCOUNTS (A lready set up\ Account Number Sales 1000/000 Purchases 2000/000
2.3SUPPLIERS SCHEDULE (A lready set up\ Process the opening balances of the suppliers according to the age analysis on 30 April 2018. Code
2.4CUSTOMERS SCHEDULE ( lready set up\ Code Customers F001 Freema n, L
2.5STOCK AS ON 30 APRIL 2018 ( tock items already set up\ The stock system of the business is dealt with on a continuous basis with the
4.1You are required to do the Bank Reconciliation for May 2018. Do NOT update the Cash Receipts and Cash Payments batches until after you have completed th e Bank Reconciliation.
4.2Use the REFERENCE RECONCILIATION METHOD for Bank Reconciliation purposes.
4.3When processing computerised source documents, select the option to display TAX PERCENTAGES in the line entries on these documents.
4.4Onc e you have completed the input of computerised source documents and journal batch es, you have to print and update them
4.5Refer to the attached annexure concerning the ad missible deductions with regard to INPUT TAX.
4.6If there is no ledger acco unt to enter a specific transaction, such an account must be created. Apply the account structure as it is set out. TAKE ON BALANCES Use the information at
2.3above to process the opening balances of the supplier accounts on 30 April 2018 accordi ng to the age analysis in the relevant journal. Update the batch. (6030154\ 10
7.5% overall discount Quantity Description Unit Price Inclusive Amount Inclusive 10 Cal
13.1Record the bank charges. .2 The direct depo sit is from Xandria Welch for additional capital.
13.3The int ernet acc ount transfer was for an office desk and cabinets purchased from Vivo Furnishers.
13.4Debit order is in favour of Seshego Municipality for the May rates and taxes.
13.5Sal ary for R. Whiting for May 2018.
13.6INT is for interest on the current account. 14. SUNDRY TRANSACTIONS FOR MAY 2018 (Period 3\(Print the entry types after you have completed all the adjustments .\ LIFE DISTRIBUTORS M5/1 TO
15.1Age Analysis of Suppliers ( NOT show details\ (April 2018\ (5\
15.2Computerised source documents (May 2018\ Supplier invoices Debit not es Tax invoices Credit notes (27\ (7\ (26\
15.3Batch listings with generated entries (May 2018\ Supplier ournal Supplier allowance j ournal
15.4Bank Reconciliation Statement as at 31 May 2018 (4\
15.5Entry t ype details of Petty Cash Payments Journal for May 2018 (8\
15.6Inventory v aluation on 31 May 2018 print zero items. Print according to the description. (3\
15.7Customer listing of C. Swart (Show details\ (N o user defined fields\ (9\
15.8Trial Balance (May 2018\(Income Statement accounts first\(Do NOT print zero items \Do NOT include opening balances
Multiple Choice Options
3C)Swart
A)Mampa
A)Mampa
Topics Identified
3
Business EnvironmentsForms of OwnershipLeadership
Mark Allocation
Total200 marks
Sections20 = 20 marks
Key Information
Contact Number062
883
4835 · 015
345
6788
Email Addressherdien.z1@iafrica.com
Paper information
TitleDocument
SubjectComputerised Financial Systems
LevelN4
Document typeQuestion paper
Year2019
MonthJune
Pages20
Downloads6
Examination context
Decade2010s
Years ago7y
SeasonWinter (SH)
Start daySaturday
Exam periodJune 2019
Days since exam2,689
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