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Q1— Section header —
1.1ENTRY TYPES (already setup\ NO. ENTRY TYPE CB 1 Payments (Cash Payments Journal\ CB 1 Receipts (Cas h Receipts Journal\
1.2GENERAL LEDGER ACCOUNTS (already set up\ ACCOUNT NUMBER BALANCE Sales 1000/000 Purchases 2000/000
1.3SUPPLIERS SCHEDULE (already setup\ Code Supplier S001 Campbell Wholesalers S002 PTA Office Supplies S003
1.4CUSTOMERS SCHEDULE (already setup\ Code Customers Balance 30 April 2018 C001 Louisvale Pty Ltd 10 750
1.5STOCK AS ON 30 JUNE 2018 (Stock items already set up\ The stock system of the business is dealt with on a continuous basis with the computer program. ALL stock purchases are made by means of purchase no
3.1You are required to do the Bank Reconciliation for July 2018 . Do NOT update the Cash Receipts and Cash Payments batches until after you have completed the Bank Reconciliation.
3.2Use the REFERENCE RECONCILIATION METHOD for Bank Reconciliation purposes.
3.3When processing computerised source documents, select the option to display TAX PERCENTAGES in the line entries on these documents.
3.4Once you have completed the input of computerised source documents and journal batches, you must print and update it.
3.5Refer to the attached ADDENDUM conc erning the ad missible deductions with regard to INPUT TAX.
3.6If there is NO ledger account to enter a specific transaction, such an account must be created. Apply the account structure as it is set out. 4. TAKE ON BALANCES Use the information at
1.2and 1.5 above to process the opening balances of the Ge neral Ledger a ccounts and stock items on 30 June 2018 in the relevant journal. Print and update the batches. 6030154
12.1Record the bank charges and interest.
12.2DD1 on 25 July 2018 is for the m onth' s insurance of R3 456 78 at Pella Insurers.
12.3EFT on 23 July 2017 is for the VAT for June 2018.
12.4Transfer CAPITEC is for an invest ment at Capitec @ 10 5% interest per annum (account 7150/000\ 6030154
14.1General Journal balances (June 2018\ (10\
14.2Inventory Journal balances (June 2018\ (8\
14.3Computerised source documents (July 2018\ Supplier invoices Debit notes Tax invoices Credit notes (18\ (8\ (31\ (6\
14.4Batch listings with generated entries (July 2018\ Supplier Journal Supplier Allowance Journal General Journal (adjustments\ Cash Float Payments Journal Cash Payments Journal (after Bank Reconciliation\
14.6Bank Reconciliation Statement as at 31 July 2018 (4\
14.7Supplier listing of King Office Supplies (show details\ ( no user defined fields\ (9\
14.8Income Statement for July 2018 (Do NOT print zero items\ (3\
14.9Balance Sheet for July 2018 using the alternative layout and print Capital Employed first. (2\
14.10Customers detailed ledger of ALL credit customers. (6\
14.11Print item based pri ce list for wax crayons only showing the exclusive selling price. (3\ [180
2.1Ms Shemeez Pietersen is the bookkeeper who is responsi ble to complete the VAT 201 return but made many mistakes. Identify TEN mistakes that she made and key them in on the note facili ty by