MYOB Basic Qualification Test MYOB Accounting v18

LEVEL BASIC

  Code: L1HA12 Effective from 25 Oct 2012 MYOB Qualification Test

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  Please fill your data: Full name : ________________________________________________ Place & Date of Birth: _______________________________________________ Phone number : ________________________________________________ Folder name : ________________________________________________

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

MYOB Qualification Test Level Basic

Instructions to Participants:

  1. You will have 2 hours to complete the test. Answer all questions in the test.

  2. Please check that you have MYOB Premier v12 on your computer. If you do not see it, please inform the invigilator for assistance.

  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.

  

The Case Study

  Based the fact given, you are required to : 1.

  [4 marks]

  Setup the company data file : Mr. Handoko is the owner of the store “Quantum Home Appliance”. As Home Appliance Dealer, Mr. Handoko buys and sells home appliances to end users.

  Mr. Handoko decided to use MYOB Premier v12 accounting software for preparing his company

  1 January to 31 December 2012 Financial Year Reports and prefer to use the 13th accounting period for the audit trial adjustment.

  Please use one of the account list provided by MYOB Premier 12. So you don’t need to set up the account list completely.

  Setup the following information: The Company address : Yogyakarta Tel : 0274-5707 07 Fax : 0274-5707 08 Email : The following preferences option must be activated :

  : Tick the option for

  “Warn if Jobs Are Not Assigned

   System Preferences

  to All Transaction [System-Wide] ”

  : Untick option for

  “Automatically Check Spelling in

   Windows Preferences

  Text Fields Before Recording Transaction ”

  : Tick the option for :

  “Warn for Duplicate Invoices

   Sales Preferences

  Numbers on Recorded Sales”

  : Tick the option for :

  “Warn for Purchase Orders

   Purchases Preferences

  Numbers on Recorded Purchases ”

  : Click User IDs to add new User ID as your Name.  Security Preferences 2.

  Log-off (exit) from MYOB – no backup is required., and then login to MYOB data file created with your user name

  [8 marks] Setup the List below : Setup the following Account List

  The Company don’t use the following account codes anymore :

• 1-2120 Payroll Cheque Account  1-2130 Cash Drawer

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

VC CM DF TM HT

N-T N-T N-T N-T N-T

  Appliance Purchases 5-1300 Audio/Video Purchases

   MR. GOGO (Customer)  DIMARCO (Supplier)  JOHAN (Employee)  ZALORA HOUSEWARE (Customer)  IYASHI (Supplier)  GENIE (Employee)  CV. PRABU PERKAKAS (Customer)  SHANO PELITA (Supplier)

  Setup the following Card List :

  Merchandise Inventory 1-2300 Merchandise Inventory

  Merchandise Inventory 1-2300 Merchandise Inventory 1-2300

  I Inventory This Item 1-2300 Merchandise Inventory 1-2300

  Appliance Sales 4-1300 Audio/Video Sales

  Appliance Sales 4-1100 Large Appliance Sales 4-1100 Large

  I Sell This Item 4-1200 Small Appliance Sales 4-1200 Small

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

  I Buy This Item 5-1200 Small Appliance Purchases 5-1200 Small

  Selling Unit of Measure Unit Unit Unit Unit Unit

  Tax Code When Bought/Sold

  Description Vacum Cleaner Coffee Maker Deep Fryer Turbo Mixer Home Theatre Selling Price Rp600,000 Rp150,000 Rp13,000,000 Rp8,000,000 Rp17,000,000

  4 Setup the Tax Code List as GST (Goods and Services Tax), Tax Type : Goods & Services Tax, Rate : 10%

Setup the Job List as SA for Small Appliance Sales, LA for Large Appliance Sales and OS for

Other Sales. Setup the Category List as YK for Yogyakarta, BD for Bandung and SBY for Surabaya. Setup the Items List as follows : Item No.

  Account # Account Type Header/Detail Level 2-2340 GST Clearing Other Liability Detail

  The Company need to add the following accounts :

   1-2140 Petty Cash, Change to 1-2120  1-2160 Undeposited Funds, Change to 1-2130 Undeposited Cheque -

   1-2210 Less Prov’n for Doubtful Debts - The Company changes some accounts as follows :

  Appliance Purchases 5-1100 Large Appliance Purchases 5-1100 Large

  PT. NET21PLUS Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  PO# P-110001 P-110002 P-110003

  Item No. Qty Unit Cost

  [Journal# : I-120001] [Category : YK]:

  Setup the following inventory opening balance as 01 January 2012

  YK BD SBY

  IS-110001 SS-110001 Category

  Supp. Inv# DS-110001

  IYASHI SHANO PELITA Total Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST

  Tel. : 021-5570 0905 | Fax. : 021-5570 0907 3.

  YK BD SBY Supplier Name DIMARCO

  GP-110001 ZP-110001 PP-110001 Category

  Customer Name MR. GOGO ZALORA HOUSEWARE CV. PRABU PERKAKAS

Total Rp2,200,000 Inc. GST Rp2,200,000 Inc. GST Rp1,100,000 Inc. GST

Invoice# S-110001 S-110002 S-110003 Cust. PO#

  Setup the following ending balance as 31 Dec 2011 :

  [8 marks]

  Setup Account Opening Balance Sheet information as 01 January 2012

  VC 10 units Rp500,000 CM 25 units Rp120,000 DF 8 units Rp12,000,000 TM 8 units Rp7,000,000 HT 2 units Rp15,000,000

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  Raised sale services for

  Received :

   Ship 2 units of Deep Fryer (DF) Rp14,300,000.-/ each (Include 10%

  GST) [Job : LA]

   Ship 2 units of Turbo Mixer (TM) Rp8,800,000.-/ each (Include 10%

  GST) [Job : LA] [Category : BD] [Salesperson : GENIE] POINT [4 marks]

  16 Jan 2012

  Sold

  1 unit Home Theatre (HT) Rp18,700,000 (Include 10% GST) to MR.GOGO on Net 10 days terms (Inv#: S-120002, Cust PO#: PP-120001) All the goods & Invoice was received.

  [Job: OS][Category : YK] [Salesperson : JOHAN] POINT [4 marks]

  17 Jan 2012

  Home Theatre Installation to MR.GOGO as Miscellaneous Income (Acc# 4-8000) for Rp880,000 (Include 10% GST) on COD

  terms

  terms

  

(Inv#: S-120003, Cust PO#:GP-120001). Invoice was delivered. [Job: OS]

[Salesperson: JOHAN] [Category: YK].

  Full payment of

  Rp880,000.- for invoice on 17 Jan 2012 was received from MR.GOGO and deposits to Petty Cash [ID#: R-120001].

  [4 marks]

  18 Jan 2012

  Issued

  

Discount-Credit notes to ZALORA HOUSEWARE Rp420,000 as Discount

Given (Acc# 5-3000) (Inv#: S-120004, Cust PO#: ZP-120001) and edit Journal

  Memo with

  “Sale Discount : ZALORA HOUSEWARE”. [Job : LA] [Category : BD] [Salesperson : GENIE]

  Immediately

  (Inv#: S-120001, Cust PO#: ZP-120001). All the goods & Invoice was

  th days after EOM

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

4.

  DIMARCO for Delivery Expenses (Acc# 5-4000) on

  The following transactions are made in January 2012. Record these transactions in MYOB according to the dates and details given below.

  02 Jan 2012

  A purchase was raised to purchase the following inventory item from main supplier, DIMARCO, with Net 25 after EOM credit terms. (PO#:P-120001,

  Supplier Inv#: DS-120001)

   Received 2 units Vacum Cleaner (VC) for Rp500,000.-/unit (Exclude 10% GST) each. With backorder 1 units of VC.

   Received 10 units Coffee Maker (CM) for Rp120,000.-/unit (Exclude

  10% GST). [Category :YK] POINT

  [4 marks]

  03 Jan 2012

  A bill was received from

  amount

  Sold the following items to ZALORA HOUSEWARE on net 10

  Rp550,000 (Include GST 10%) on COD terms. (PO#: P-120002, Supplier Inv#: DS-120002) [Job : SA] [Category : YK]

  Full payment to DIMARCO from Petty Cash [Cheque No: D-120001] for total amount

  Rp550,000.- for bill on 3 Jan 2012.

  POINT [4 marks] [4 marks]

  04 Jan 2012

  Return 1 of Coffee Maker (CM) for Rp120,000 (Exclude 10% GST) to DIMARCO,

  (PO#:P-120003, Supplier Inv#: DS-120001) (Job : SA) . Edit Journal Memo with “Purchase Return; DIMARCO”. [Category : YK]

  Immediately

  

applied the Return-Debit note to Trade Creditor balance for

DIMARCO [ID#:P-120003] for bill on 2 Jan 2012.

  POINT [2 marks] [2 marks]

  15 Jan 2012

  Pay Refund [Cheque No: D-120002] for the Rp420,000 Discount- POINT [2 marks] Credit notes to

  [2 marks] ZALORA HOUSEWARE from the Petty Cash.

  POINT

  20 Using

  Spend Money [Cheque No: D-120003] to record expenses on January [4 marks]

  Jan from

  

Petty Cash Rp500,000 for Water Rp150,000 and Telephone Rp350,000

  2012 [Category : YK].

  [4 marks] Receive money for total Rp100,000 on Cheque Account for Rp105,000 as Bank interest Income with Rp5000 Bank Charges [ID#: R-120002] [Category : YK] 5.

  [4 marks]

  Perform Bank Reconciliation for the month of Jan 2012 for Cheque Account the Bank statement shows a balance of

  Rp70,100,000 on 31 Jan 2012.

  6.

  [2 marks]

  In addition to the transaction above, prepare a journal entry to record the

  depreciation on 31 Jan 2012, for the following asset categories [GJ#:G- 120001] [Category : YK] :

   Bldgs & Imprv Rp1,000,000

  Save as Monthly Recurring Transaction start from 29 Feb 2012 for those

  journal then use the recurring and record depreciation journal

  for 29 Feb 2012 [GJ#:G-120003] [Category : YK]

  Prepare a journal entry to record the

  GST Clearing journal on 31 Jan 2012 [2 marks] [GJ#:G-120002] for Dec 2011 balance. [Category : YK] 7.

  [4 marks]

  On 31 Jan 2012, prepare adjust inventory to record Inventory Total Unit Cost

  Adjustment increased by Rp170,000 as 5-1200 Small Appliance Purchases [IJ#: I-120002] of Coffee Maker (CM) [Job : SA] [Category : YK] [4 marks] 8.

  Generate the following financial reports at 1 January – 31 January 2012

  reports to PDF file format :

   Account Transactions [Accrual]  Trial Balance  Standard Balance Sheet  Profit & Loss (Accrual)  General Journal  Cash Receipts Journal  Cash Disbursement Journal 9.

  [4 marks]

  From Security Preference, activate the option for “Use Audit Trail Tracking”, then

  

Lock the Accounting period for 31 Jan 2012. BACKUP your MYOB

company data file (ONLY), Check Company File for Error and Save the MYOB

  company data backup file name as Your name in Backup Folder.

  10.

  [4 marks]

  From Company Data Auditor – Transaction Review for 1 Jan 2012 to 31 Jan

  2012, there is a “?” mark for Scan for Future Dated Transaction. Display it &

  Sent to PDF the reports.

  [4 marks] 11.

  Edit payment from MR.GOGO on 17 Jan 2012 to: partly payment for amount Rp880,000 from Petty Cash for bill on 31 Dec 2011, keep the Cheque No. record as R-120001.

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

  

PT. NET21PLUS

Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.

  

Tel. : 021-5570 0905 | Fax. : 021-5570 0907

12.

  Delete all related transaction on 4 Jan 2012.

  [4 marks]

  13. Generate and modify the Sales -Item [Sales Summary] report like the sample below and then

  save as PDF Format [4 marks]

  

~End of Assignment~