1. You are required to compare the results of your printed reports and the results of reports...
Question:
1. You are required to compare the results of your printed reports and the results of reports of the MYOB assignment book in your MYOB assignment. If it is assumed that two results of the reports are different, write down the possible reasons of the difference based on your experience.
2. Explain what is meant by the purchase and expenditure cycle as a "mirror image" of the sales and revenue cycle.
3. What are the challenges posed by the existence of various types of information systems in the enterprise? How can these challenges be addressed?
4. When you decide to write off a bad debt, you need to reflect this in your MYOB. Bad debts are a reversal of the original sale, but the transaction is allocated to a bad debts expense account. Explain briefly how to create bad debts expense account.
5. You are instructed to record in MYOB for purchasing a desk, chair and computer for $9,900 (including GST) from Richard Business Supplies of which details has been already recorded as a supplier in the MYOB. Briefly describe how to record the buying transaction via Banking Command Centre of MYOB.
6. To what extent should management monitor employee performance by, for example, using software to track keystrokes per hour or some other unit of time? If such information is collected, how should it be used?
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,