Practice Transaction for MYOB AccountRight: Spend Money Window

10/9/2017 Practice transaction
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General instructions
MYOB AccountRight Practice Set
Australian Edition 3, Updated for MYOB v19
Feedback: Practice transaction
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.
Leonardo is pleased that you have now finished creating and setting
up the company file for Intermaweb Computer. Before asking you to
start entering transactions into MYOB, he wants to make sure that
you understand how a transaction is typically recorded in the Spend
Money window.
First transaction: Leonardo informs you that the first transaction
that you will have to record is a cash payment transaction. On 2
January 2017, Cheque No. 4023 was issued to 'Office Supplies
Warehouse' for the cash purchase of $4,400 worth of equipment. The
GST tax code for this transaction is CAP (Capital Acquisitions).
Instructions
Enter the given transaction into the replica of the Spend Money
window provided below.
Note that Office Supplies Warehouse is not a supplier that the
business uses regularly and therefore you did not set it up as a
supplier in your MYOB company file. This means there is no card ID
for this supplier. Please be careful when entering the name of the
supplier into the Spend Money window because it must match the
name written on the actual cheque.
Note also that, at this stage, you are only asked to input the
transaction details into the replica window that we have provided.
This will allow us to provide you with feedback on how proficient
you are in using MYOB before you enter any transactions directly
into MYOB for the Intermaweb Computer company file that you
have already created.
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