5.3.b

Which menu option should you choose in MYOB AccountRight to record credit card payments? Select the best fit option. Select the best fit answer, then explain the process.

1. "Sales"
2. "Banking"
3. "Accounts"
4. "Inventory"

Hint

Conduct an online search, using the keywords 'How to record credit card payments using MYOB AccountRight'.

(Approximate word count: 10 - 20 words).

Attach filesSave

5.3.c

Your company wants to collect payments directly from customers' bank accounts using direct deposit. Which menu option in MYOB AccountRight should you select to initiate a direct deposit? Select the best fit answer, then explain the process.

1. "Sales"
2. "Banking"
3. "Accounts"
4. "Purchases"

Hint

Conduct an online search, using the keywords 'How to receive funds from customers by direct debit using MYOB AccountRight'.

(Approximate word count: 10 - 20 words).

Attach filesSave

5.3.d

Emma, a customer, has received an invoice for her recent purchase. To record the payment against the invoice in MYOB AccountRight, which menu option should you choose? Select the best fit answer, then explain the process.

1. "Sales"
2. "Banking"
3. "Accounts"
4. "Purchases"

Hint

Conduct an online search, using the keywords 'How to record an invoice payment in MYOB AccountRight'.

(Approximate word count: 10 - 20 words).

Attach filesSave

5.3.e

Your company maintains a petty cash fund to cover minor expenses. To replenish the petty cash, which menu option in MYOB AccountRight should you select? Select the best fit answer, then explain the process.

1. "Sales"
2. "Banking"
3. "Accounts"
4. "Inventory"

Hint

Conduct an online search, using the keywords 'How to replenish petty cash in MYOB AccountRight'.

(Approximate word count: 10 - 20 words).

Attach filesSave

5.3.f

At the end of the accounting period, you need to make balance day adjustments in MYOB AccountRight. Which transaction entry screen should you use for recording adjustments like accruals, prepayments, and depreciation? Select the best fit answer. Explain your answer.

1. "Spend Money"
2. "Receive Payments"
3. "Journal Entry"
4. "Bank Reconciliation"

Hint

Conduct an online search, using the keywords 'How to make balance day adjustments in MYOB AccountRight'.

(Approximate word count: 10 - 20 words).