This document outlines the requirements for an accounting assignment using Peachtree software. Students must:
1) Create a new company and chart of accounts
2) Enter opening balances for all accounts
3) Take a print of the beginning trial balance
4) Add customers, vendors, and inventory items
5) Conduct various sales, purchase, payment, and journal entry transactions
6) Take prints of final reports including aged receivables, aged payables, balance sheet, and profit and loss statement
This document outlines the requirements for an accounting assignment using Peachtree software. Students must:
1) Create a new company and chart of accounts
2) Enter opening balances for all accounts
3) Take a print of the beginning trial balance
4) Add customers, vendors, and inventory items
5) Conduct various sales, purchase, payment, and journal entry transactions
6) Take prints of final reports including aged receivables, aged payables, balance sheet, and profit and loss statement
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
This document outlines the requirements for an accounting assignment using Peachtree software. Students must:
1) Create a new company and chart of accounts
2) Enter opening balances for all accounts
3) Take a print of the beginning trial balance
4) Add customers, vendors, and inventory items
5) Conduct various sales, purchase, payment, and journal entry transactions
6) Take prints of final reports including aged receivables, aged payables, balance sheet, and profit and loss statement
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online from Scribd
2- Make a chart of accounts (Covering maximum balance sheet and profit and loss head of accounts) for the created company, and enter the opening balances for all accounts. 3- Take a print of general ledger trial balance of beginning balances for hard copy submission along with assignment 4- Add in at least 5 customers 5- Add in at least 5 vendors 6- Add in at least 10 inventory items 7- Describe a couple of services being provided by the company (optional) 8- Do at least 10 sales transactions, using Quotes, Sales orders 9- Issue at least 2 return memos for sales invoices 10- Make at least 5 purchase transactions, using Quotes, Sales orders 11- Issue at least 2 return memos for sales invoices 12- Issue at least 2 return memos for purchase invoices 13- Receive money for your sales transactions 14- Pay for the purchase invoices 15- Do the General Journal Entries for the period (At least 10) 16- Purchase few assets 17- Do adjustment in two inventory items, after the physical inventory count. Also mention the reason for the adjustment 18- Take a print of final aged receivables for submission with the assignment, comment on the health of your receivables 19- Take a print of final aged payables for submission with the assignment, comment on the health of your payables 20- Take a print of the Profit and Loss Account and Balance Sheet as at March 31, 2010 (1st Quarter Result) for submission along with the Trial Balance for the date. 21- Submit your assignment by April 30, 2010, data copied in a CD with the following reports in hard copy: a. Name and Roll Numbers of Group Members FAST-NU Peachtree Assignment-09 1 b. Introduction of the company c. Cash Receipt Journal d. Customer Ledger e. Customer Master File List f. Invoice Register g. Ledger of any one customer h. Cash Disbursement Journal i. Check Register j. Purchase Journal k. Leger of any one vendor l. General Journal m. Inventory Items List n. Inventory Reorder Worksheet o. Inventory Profitability Report p. Physical Inventory List as at March 31,2010 q. Chart of Accounts as at March 31, 2010 r. All the reports prescribed in Point 1 to Point 20
N. B. The requirements prescribed above are minimum; you may include
more transactions to make your company’s Balance Sheet and Profit & Loss Account for the period look good and attain maximum marks.
You may contact me on my cell no 0333 526 55 27 if inevitable.
(Don’t forget to mention your name and course being attended in your txts)