Soal MYOB Pretest Jewellery Store

  Code: L1JS12R3 Effective from 10 Jun 2013

  MYOB Qualif icat ion Test

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or t ransmit t ed in any f orm by any means, el ect ronic, mechanical, phot ocopying, recording, or

  Ful l name : ________________________________________________ Pl ace & Dat e of Bi rt h: _______________________________________________ Phone number : ________________________________________________ Fol der name : ________________________________________________

  MYOB Qualification Test Level Basic Instructions to Participants: 1. You will have 2 hours to complete the test. Answer all questions in the test.

  3. You are NOT allowed to bring any diskettes or paper into the examination room.

  4. You must create new folder on harddisk. Please save your . MYO, backup folder, and report folder in this folder and the folder will be collected from harddisk at the end of the examination.

  5. In the event of any unforseen circumstances e.g. electricity blackout or computer failure that prohibits you from continuing with the examination, and such event is not the cause of your own action (s), you will be allocated extra time to complete the examination at the discretion of the invigilator. (This is to ensure consistency with all the other instructions, which are expressed in the first person).

  6. If you should encounter any technical difficulties with the computer during the examination, please inform the invigilator for assistance.

  7. Non-programmable electronic calculators are allowed for this examination.

  8. You are not allowed to communicate with other examination candidates throughout the examination.

  9. You are NOT allowed to leave the examination room without the permission of the invigilator.

  10. The assignment and any used or unused paper, must be returned to the invigilator at the end of the examination.

  11. Total questions 13 with total score 100 points.

  2. Please check that you have MYOB

  $FFRXQWLQJ

   v1 on your computer. If you do not see it, please inform the invigilator for assistance.

  The Case Study Based t he f act given, you are required t o :

  1. Set up t he company dat a f il e : [4 marks] Mrs. Ret a is t he owner of t he company “ KOREAN JEWELLERY” .

  As Jewellery Store, Mrs. Ret a buys and sell s j ewel l ery t o end users. Mrs. Ret a decided t o use MYOB Premier v13 sof t ware f or preparing his company 1 January to

  31 December 2013 Financial Year Report s and pref er t o use t he 13th accounting period for the audit trial adj ustment.

  Pl ease use one of t he account l ist provided by MYOB $FFRXQWLQJ Y 1 . So you don’ t need t o set up t he account l ist compl et ely.

  Set up t he f oll owing informat ion: The Company address : Yogyakarta Tel : 0274-570375 Fax : 0274-570470 Email : koreanj ewellery@gmail.com The f ol l owing pref erences opt ion must be act ivat ed :

   : Tick t he opt ion f or “ Warn if Jobs Are Not Assigned Syst em Pref erences to All Transaction [System-Wide]”

   : Unt ick opt ion f or “ Automatically Check Spelling in Windows Pref erences

  Text Fields Before Recording Transaction”

   “ Warn for Duplicate Invoices Sal es Pref erences : Tick t he opt ion f or :

  Numbers on Recorded Sales”

   : Tick t he opt ion f or : “ Warn for Purchase Orders Purchases Pref erences Numbers on Recorded Purchases”

  : Cl ick Securit y Pref erences

   User IDs t o add new User ID as your Name.

  2. Set up t he List bel ow : [8 marks]

  Set up t he f oll owing account l ist

• The Company don’ t use t he foll owing account codes anymore :

   1-2120 Payroll Cheque Account

   1-2130 Cash Drawer 

  1-2210 Less Prov’ n for Doubt f ul Debt s The Company changes some account l ist as f ol l ows : -

   1-2140 Pet t y Cash, Change t o 1-2120

   1-2160 Undeposit ed Funds, Change t o 1-2130 The Company need t o add t he f ol lowing account s : -

  

Account # Account Type Header/ Detail Level

  2-2340 GST Cl earing Ot her Liabil it y Det ail

  4 Set up t he t ax code as GST (Goods and Services Tax), Tax Type : Goods & Services Tax, Rate : 10% Set up t he Job List as RS for Retail Sales, SS for Service Sales.

  Set up t he Cat egories List as YOG f or Yogyakarta, SMG for Semarang.

  Set up t he it ems l ist as foll ows :

  

 Bracelet (It em no. BR, selling price $50/ piece N-T). Linked Account : I Buy: 5-1100

  Jewel l ery Purchases , I Sell: 4-1100 Jewel l ery Sales, I Inventory: 1-2300 Merchandise . Invent ory

   Necklace (It em no. NL, selling price $100/ piece N-T). Linked Account : I Buy: 5-1100

  Jewel l ery Purchases , I Sell: 4-1100 Jewel l ery Sales, I Inventory: 1-2300 Merchandise . Invent ory

   Ring(It em no. RG, selling price $75/ piece N-T). Linked Account : I Buy: 5-1100 Jewell ery Purchases , I Sell: 4-1100 Jewel l ery Sal es, I Inventory: 1-2300 Merchandise Invent ory.

 Silver (It em no. SV, selling price $150/ piece N-T) . Linked Account : I Buy: 5-1300

  Precious Met al Purchases , I Sell: 4-1200 Ot her Sales, I Inventory: 1-2300 Merchandise Invent ory . Set up t he f oll owing cust omer, suppl ier and employee l ist :

  Mr. Andy (Customer) Mr. David (Supplier) Bambang (Employee)

    

  Mrs. Angel (Customer) Metal Accessories (Supplier) Dewi (Employee)

       Mrs. Melanie (Customer) Mr. Charles (Supplier)

  3. Set up Bal ance Sheet informat ion as

  01 January 2013 [8 marks] Set up t he f oll owing ending bal ance as

  31 Dec 2012 :  Mr. Andy

  $1, 320 inc.GST, [Inv#: S-120001, PO#:AP-120001] [Category: YOG]  Mrs. Angel

  $1, 100 inc.GST, [Inv#: S-120002, PO#:GP-120001] [Category: YOG]  Mrs. Melanie $1, 100 inc. GST, [Inv#: S-120003, PO#:MP-120001] [Category: SMG],  Mr. David $1, 100 inc, GST, [PO#: P-120001, Inv#: DS-120001] [Category: SMG]  Metal Accessories $550 inc. GST, [PO#: P-120002, Inv#: MS-120001] [Category: SMG],  Mr. Charles $770 inc GST, [PO#: P-120003, Inv#: CS-120001] [Category: YOG] Set up t he f oll owing invent ory opening bal ance as

  01 January 2013 [IJ#: I-130001] [Category: YOG]. :  Bracelet (BR) = 60 pieces, unit cost $40/ piece.

   Necklace (NL) = 80 pieces, unit cost $90/ piece.

   Ring (RG) = 40 pieces, unit cost $60/ piece.

   Silver (SV) = 20 pieces, unit cost $120/ piece.

  4. The f ol l owing t ransact ions are made in January 2013. Record t hese t ransact ions in MYOB according t o t he dat es and det ails given below.

  POINT

  02 Jan A purchase was raised t o purchase t he foll owing invent ory it em f rom main _{t h} METAL ACCESSORIES on Net 10 days credit terms. (PO#: P- [4 marks]

  2013 suppl ier, 130001, Supplier Inv#:MS-130001) Received 5 pieces of Bracelet (BR) f or $40 (Exclude 10% GST) each,  wit h backorder 2 units.

   Received 10 pieces of Ring (RG) f or $60 (Exclude 10% GST) each, wit h backorder 2 units Received 10 pieces of Necklace (NL) for $90 (Exclude 10% GST) each,  [Category: SMG]

  POINT

  03 Jan Raised design-service purchase t o MR. CHARLES as 5-1400 Other Purhases 2013 [Job: SS] f or $100 (Exclude 10% GST) on Net 10 days credit terms. Bill was [4 marks] received (PO#: P-130002, Supplier Inv#: CS-130001). [Category: YOG]

  POINT

  METAL ACCESSORIES f rom Cheque Account [Cheque No : D-

  04 Jan Ful l Payment t o 2013 120001] f or t ot al amount $550 for Inv#: MS-120001 bil l on 31 Dec 2012. [4 marks]

  POINT

  05 Jan Ret urn 5 pieces of Ring (RG) $60 (Exclude 10% GST) t o METAL ACCESSORIES 2013 (PO#: P-130003, Supplier Inv#: MS-130001) and edit Journal Memo wit h [2 marks] “ Purchase Return: METAL ACCESSORIES ” . [Category: SMG] [2 marks] Immediat el y appl ied t he Debit Note to Trade Creditor bal ance for METAL ACCESSORIES f or bill on 2 Jan 2013 t ransact ion. [ID#: P-130003] _th

  POINT

  15 Jan Sold t he f ol lowing it ems t o MR. ANDY on Net 20 after EOM credit t erms 2013 (Inv#: S-130001, Cust PO#: AP-130001 ). Al l t he goods and invoice was [4 marks] del ivered:

   Ship 1 piece of Bracelet (BR) f or $55 (Include 10% GST) each [Job: RS]

   Ship 1 piece of Necklace (NL) f or $110 (Include 10% GST) each [Job: RS]

   Ship 1 piece of Silver (SV) for $165 (Include 10% GST) each [Job: RS] [Category: YOG], [Salesperson: Bambang]

  POINT

  16 Jan Raised Repair-Service sales t o Mrs. Melanie as 4-1300 Repairs f or $132 Include 10% GST) on COD (Inv#:S-130002, Cust PO#:MP-130001). Invoice [4 marks]

  2013 ( was del ivered [Job: SS] [Category: SMG] [Salesperson: Dewi] Ful l y payment of $132. - f or inv#:S-130002 received f rom Mrs. Melanie and [4 marks] Petty Cash [ID#: R-130001]. deposit ed t o

  POINT

  17 Jan Issued $5 Discount -Credit Not es t o Mrs. Melanie [Inv#: S-130003, Cust 2013 PO#:MP-130001] as 5-3000 Discount Given and edit Journal Memo wit h “ Sale [2 marks] Discount: Mrs. Melanie” . [Salesperson: Dewi], [Category: SMG].

  Immediat el y Pay Refund [Cheque No: D-130002] f or t he $5 Sal es Rebat e t o [2 marks] Mrs. Melanie f rom t he Petty Cash.

  POINT

  18 Jan Use Spend Money [Cheque No: D-130003] t o record expenses f rom Cheque Account $400 f or Wages & Salaries [Category : YOG]. [4 marks]

  2013 Use Receive Money [ID#: R-130002] t o record : Deposit $50 t o Cheque [4 marks] Account for $55 Bank Interest Income And $5 Bank Charges [Category : YOG]. Bank Reconciliation for t he mont h of 31 Jan 2013 f or Cheque [4 marks]

  5. Perf orm Account t he Bank st at ement shows a bal ance of $2, 100 on 31 Jan 2013.

  6. In addit ion t o t he t ransact ion above, prepare a j ournal ent ry t o record t he [4 marks] depreciation on 31 Jan 2013, f or t he foll owing asset cat egories [GJ#:G- 130001] [Category : YOG] :

   Bldgs & Imprv $2 Save as Monthly Recurring Transaction starting from 28 Feb 2013 t hen use the recurring depreciat ion t ransact ion t empl at e t o record depreciation j ournal f or 28 Feb 2013 [GJ#:G-130003] [Category : YOG] [4 marks] Prepare a j ournal ent ry t o record t he GST Clearing j ournal on 31 Jan 2013 [GJ#:G-130002] f or Dec 2012. [Category : YOG]

  7. On 31 Jan 2013, prepare adj ust invent ory t o record Inventory Found 1 piece [4 marks] Ring (RG) for $60/ piece as 5-1100 Jewellery Purchases [IJ#: I-130002] [Job : RS] [Category : YOG]

  8. Generat e t he f oll owing financial reports at 1 January – 31 January 2013 [4 marks] reports to PDF file format :

   St andard Bal ance Sheet 

  Prof it & Loss (Accrual )

   General Journal 

  Account Transact ions [ Accrual ]

   Sal es Regist er - Al l Sal es report

   Purchase Regist r - All Purchases report

   Cash Receipt s Journal 

  Cash Disbursement Journal

  9. From Security Preference, act ivat e t he opt ion for “ Use Audit Trail Tracking” , [4 marks] t hen Lock the Accounting period f or 31 Jan 2013. BACKUP your MYOB company data file (ONLY), Check Company File for Error and Save t he MYOB company dat a backup f il e name as Your name in Backup Folder.

  Data Auditor – Transaction Review f or 1 Jan 2013 to 31 Jan [4 marks]

  10. From Company 2013, t here is a “ ?” mark f or Scan for Future Dated Transaction. Displ ay it & Sent to PDF the reports.

  Delete all transactions on 05 Jan 2013. [4 marks] 11.

  12. Edit the Recurring Transaction Template of Bldgs & Imprv Depreciation t o [4 marks] $1. 7per mont h.

  13. Generate and customise t he Items Register [Detail] report fields l ike t he sampl e below and t hen save as PDF Format.

  ~End of Assignment ~