Module 8 INVENTORY


Listings Quantity


Inventory cost report


View/Inventory/Listings/Items View/Inventory/Quantities


View/Inventory/Inventory Valuation MONTHLY


Trial Balance


Income Statement Balance Sheet


General Ledger accounts Entry Type (after updating)


8.3 Tutorial 2


Animal Kingdom is a retail company and the company mission is anchored in patriotism in South Africa. Tey believe that our freedom and prosperity is best upheld through a strong economy. It is their mission to produce and sell pet products. Te business makes use of the computerised accounting system, Pastel®. You are appointed as the bookkeeper.


The financial year of the business runs from 1 March 20.. (last year) to 28 February 20..(this year).


Te business is registered for VAT purposes and makes two monthly payments to the South African Revenue Services (SARS), according to the invoice basis.


You are requested to complete setup parameters as shown under ADDITIONAL PARAMETER SETUP. Process the rest of the transactions for April 2014 (Period 2). GENERAL LEDGER ACCOUNTS (Rename/add accounts where necessary)


Account description Sales Purchases


Opening Stock Closing Stock


Interest on Fixed Deposit Bad Debts Recovered


Interest on Current Account Advertising & Promotions Bad Debts


Bank Charges


Consumable Goods Donations


100 Code


1000/000 2000/000 2010/000 2020/000 2800/000 2850/000 2950/000 3050/000 3150/000 3200/000 3250/000 3600/000


Financial Category


Sales


Cost of Sales Cost of Sales Cost of Sales Other Income Other Income Other Income Expenses Expenses Expenses Expenses Expenses


Report Writer


Category Sales


Cost of Sales Cost of Sales Cost of Sales Other Income Other Income Other Income Expenses Expenses Expenses Expenses Expenses


Balance 31/03/20.. (this year)


View/General Ledger/Financial Reports/Trial Balance View/General Ledger/Financial Reports/Income Statement View/General Ledger/Financial Reports/Balance Sheet


View/General Ledger/Transactions/Detailed Ledger/Select account View/General Ledger/Entry Type Details/Select entry type


FutureManagers


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