Question: THIS IS FROM MYOB PRACTICE SET PREDISCO- This is the first time I'm doing, please tell me how to record each of those transactions in

THIS IS FROM MYOB PRACTICE SET PREDISCO- This is the first time I'm doing, please tell me how to record each of those transactions in MYOB account rightv19 (Australia)

Transactions from early January 2023

Old description: Purchased 9 units Mieca camera lenses from Pony at $1,023 each (includes 10% GST), Purchase #320, Supplier Inv#334. Issued Cheque No. 4054 for $4,000 to this supplier for this particular invoice at the time of the purchase.

Correct description: Purchased the following items from Pear Technology, Purchase #320, Supplier Inv#334: 9 units Mieca camera lenses at $1,023 each (includes 10% GST) 7 units MX620 notebook computers at $1,353 each (includes 10% GST). Issued Cheque No. 4054 for $4,000 to this supplier for this particular invoice at the time of the purchase.

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!