Book Keeping in Accounting

Running head: BOOK KEEPING IN ACCOUNTING
Book Keeping in Accounting
Name of the Student:
Name of the University:
Authors Note:

1
BOOK KEEPING IN ACCOUNTING
Contents
Task 1:.............................................................................................................................................2
Part a:...........................................................................................................................................2
Part b:...........................................................................................................................................2
Par c:............................................................................................................................................4
Part d:...........................................................................................................................................4
Part e:...........................................................................................................................................5
Part f:...........................................................................................................................................6
Answer 2:.........................................................................................................................................6
Part b:...........................................................................................................................................7
Part c:...........................................................................................................................................8
Answer 3:.........................................................................................................................................9
Part a:...........................................................................................................................................9
Part b:...........................................................................................................................................9
Part c:.........................................................................................................................................10
Answer 4:.......................................................................................................................................11
Part a:.........................................................................................................................................11
Part b:.........................................................................................................................................11
Part c:.........................................................................................................................................11
Part d:.........................................................................................................................................11

2
BOOK KEEPING IN ACCOUNTING
Part e:.........................................................................................................................................12
Answer 5:.......................................................................................................................................12
Part a:.........................................................................................................................................12
Part b:.........................................................................................................................................13
Part c:.........................................................................................................................................13
Part d:.........................................................................................................................................13
References:....................................................................................................................................15

3
BOOK KEEPING IN ACCOUNTING
Task 1:
Part a:
Keeping an effective communication with the clients is important to not only maintain a good
relationship with the clients but also to understand the different requirements of the clients and
accordingly provide services to clients to fulfill those requirements.
Part b:
Business needs Accountant
(Registered with
TPB and ASIC)
Bookkeeper
(Registered with
TPB)
Tax Agent
(Registered with
TPB and ASIC)
Petty cash and bank
reconciliation
To maintain
proper accounting
records for petty
cash expenses.
Preparation of
periodical bank
reconciliation
statement.
Maintain books of
accounts.
X
Prepare depreciation
schedule
Record
depreciation
entries correctly.
Correctly calculate
depreciation in the
books of accounts.
To check whether
depreciation is
accordance with tax
laws for tax