Question: QUESTION 2 [ 2 0 MARIKS ] Company Customization Complete the following setup and customization ( default ) options for Let's Dance before you begin

QUESTION 2[20 MARIKS]
Company Customization
Complete the following setup and customization (default) options for Let's Dance before you begin processing. Using the setup menu, change the
following default settings:
Setup Customers Control Configuration tab:
Interent: Annual rate 15% Default tax type: Vat standard rated at 15% Tax prompt amount: R5000.00
User defined lines: Line 1: Director Line 2: Cell No.
Defaults tab: Tax entry method: Inclusive
Statement tab: Terms: Strictly 30 days Terms +1: Settle your account ASAP Terma +2: Please settle to awoid Additional charges.
Setup Customers Documents
Quotation: Quotation message should read: Valid for 30 days only
Tax Invoice: Tax invoice message should read: Thank you for your purchase
Terms: Create the following default early payment terms for customers: 2.5%30 days from last day of period 3%14 days from date of invoice
Setup Suppliers Control
Configuration tab Default tax type Vat standard rated at 15 y 1lear defined lines: Line 1: Contact Person Line 2: Cell No. Goods Received Notes:
Mandatory
Setup Suppliers Documents |nvoice:
Invoice message should read:
Received by:
Signature:
Date:
 QUESTION 2[20 MARIKS] Company Customization Complete the following setup and customization

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!