QUESTION $1-$ Pastel $(70$ marks$)$ & Excel $(3$ marks$)$

Immediately print $($to a virtual printer$)$ when instructed to do so$.$

You will be required to enter your student number in specified fields several times, for example, where you see "Student nr xxxxxxxxx$"$ or "Your own student number" or $"$xxxxxxxxx$".$ You only need to include your student number in numbers and not the description "student number". Your student number will then appear on the documents and reports requested for marking. Should your student number not appear on those documents and reports you will be awarded $0\%$ for your whole assignment.

Please note: This is a scenario for the $2024$ financial year and may contain current and future dates for processing.

Ms Fezeka is the owner of Fezeka Exclusive Furniture $($Pty$)$ Ltd $($FEF$).$ This company sells Exclusive and Designer living space furniture; Versatile and Bespoke dining furniture pieces as well as unique Cleaning kits to individuals and wholesale clients. FEF further has an in$-$house specialised services department that deals with restoring and fixing furniture that may have been damaged or needs renewing. FEF uses specialised equipment to perform the service function due to the specialised nature of the furniture.

FEF has been in business for the past five years and decided to convert to Pastel Partner for their transaction processing.

Ms Fezeka has invested R$593,250($share capital$)$ to set$-$up Fezeka Exclusive Furniture $($Pty$)$ Ltd $($FEF$).$

SECTION A $-$ COMPANY SETUP

Task $1$: Use the Setup Assistant to create Fezeka Exclusive Furniture $($Pty$)$ Ltd $($FEF$)$ on Pastel Partner.

$1\mathrm{.}1$ Use the following information $($use the default information provided, unless specific information is given$)$:

Postal address: PO Box $108,$ Pretoria, $2001$;

Date sequence: DMY$,$ with four digits per year, confirm that the Sample Date format is correct i$.$e$.$ dd$/$mm$/$yyy;

Start date of financial year $($current financial year$)$: $01/06/2024,$ with each period ending on the last day of the month. FEF uses one period for each month of the year;

In this assignment period $x$ of $2024$ will refer to the $x^{th}$ period falling within the $2024$ financial year which ends on $31/05/2024$ and period $x$ of $2025$ will refer to the $x^{th}$ period falling within the $2025$ financial year which ends on $31/05/2025.$

Use the Retail Chart of Accounts as the standard chart of accounts for FEF;

FEF has a current account at TimeBank. They also use a petty cash account to pay for smaller, adhoc expenses;

FEF has two price lists $-$ Wholesale and Individual. Store owners are charged 'Wholesale' prices should they register as a wholesale client by supplying certain documentation required by FEF. 'Individual' prices are the most common $($default$)$ prices to be used for all individual customers unless the 'wholesale' prices have specifically been authorised by the financial manager;

The default terms for customers are $30$ days after the period and the customer accounts are prepared using open item processing;

FEF has a brand new updated laser printer for printing all their company documents and correspondence on plain paper using single sheets. $($Before you continue please ensure that the virtual and$/$or physical printer you are using paper size is set to A$4.$ Refer to Pastel Manual Lesson $1$ for instructions$)$