BSB30115 Certificate in Business Assessment 2022

BSB30115 CERTIFICATE III IN BUSINESS
Modules 11 and 12: Financial records
BSBFIA301 Maintain financial records
BSBITU304 Produce spreadsheets
Assessment 3 of 4
Student name: KULVINDER SINGH GILL
Student number: E0847674
Assessment: 33108IN/03

Activity 1: Preparing the financial reports for Bell Floral Designs
Task a – task h: in Microsoft Excel.
Activity 1: Task g;
The following task is normally required when the trail balance shows untallied
balance. Due to some unfavourable reason the trial balance is not machining in both side.
However in case of maintaining the document the following provisions are maintained by the
company;
For Sales
Bell Floral Designs issue their customers with an invoice for the floristry services provided.
If the customer pays with cash immediately the Cash Payment box on the invoice is ticked.
For Purchases
Floristry supplies are generally purchased on credit and a supplier’s invoice is received. If
supplies are returned the suppliers issue a credit note.
For Payments
The preferred payment methods is by cheque using the cheque butt as the source document.
Other methods of payment include; direct debit, credit card and automatic payments from the
bank account. These payments are evidenced in the bank statement.
For Receipts
When a customer pays for a service or an invoice a receipt is issued. Deposit slips are
prepared for the daily banking.
For Goods and Services Tax (GST)
Bell Floral Designs charges GST on its services and pays GST on its purchases. Two
accounts are required to deal with the GST.