Find & Fix Errors in MYOB AccountRight Practice Set - Desklib

10/9/2017 Find & fix errors
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MYOB Learning Centre
MYOB Learning Centre
Quick reference guide
Information from previous pages
Welcome page
Academic honesty
MYOB AccountRight Practice Set
Australian Edition 3, Updated for MYOB v19
Feedback: Find & fix errors
This is a feedback page. Please review this page carefully. It includes the original questions along with grading of your
responses and detailed feedback. After you have reviewed this feedback page, click Continue at the bottom of this page
for the next page of your practice set.
It is now 8 January 2017
You receive an email from Leonardo that explains he accidentaly gave
you an old version of the transactions list that had an error in it.
The old list provides the following description of the purchase
transaction that occurred on 3 January:
Old description: Purchased 6 units NR759 video recorders from
Pony at $902 each (includes 10% GST), Purchase #344, Supplier
Inv#735. Issued Cheque No. 4024 for $3,200 to this supplier at
the time of the purchase.
The above transaction description is incorrect and should be replaced
with the description below:
Correct description: Purchased the following items from Moon
Megasystems, Purchase #344, Supplier Inv#735:
6 units NR759 video recorders at $902 each (includes 10% GST)
7 units DK800 desktop computers at $1,606 each (includes 10%
GST)
Issued Cheque No. 4024 for $3,200 to this supplier.
After giving you the above details, Leonardo asks you to perform the
necessary changes in MYOB so that the company's accounts reflect
the correct transaction, not the incorrect transaction that he gave you
earlier.
Leonardo then requests that you email him the correct outstanding
balances owed to those suppliers. Once this is done, Leonardo will ask
you to answer some questions about finding and fixing errors in
MYOB.
Instructions
Using MYOB, find the incorrect record of the 3 January purchase
transaction that you entered earlier.
Make the necessary changes to that record in MYOB so that it
reflects the correct transaction description that is given above.
You may find it useful to review our MYOB video tutorials, in
particular the troubleshooting techniques tutorial to help you
correct errors in MYOB.
Once you have finished making those changes, print the Aged
Payables [Summary] report as of 8 January 2017 and enter the
correct balances of Moon Megasystems and Pony accounts in
the email below.
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