MYOB Project: Surfing Shops Australia Balance Sheet (BISM7209)

This assignment is a project focusing on the creation and analysis of a balance sheet for Surfing Shops Australia (SSA) using MYOB AccountRight Plus. The project is part of the BISM7209 Accounting Information Systems course. The assignment requires students to integrate sales, purchasing, and inventory data within the MYOB software to produce a comprehensive balance sheet. The provided balance sheet, as of July 1, 2018, includes detailed breakdowns of assets (current and fixed), liabilities (current and long-term), and equity. The project emphasizes the practical application of accounting principles within a computerized system, mirroring the transition of SSA from a manual to a computerized accounting system. Students are expected to add/modify accounts to ensure complete financial statements can be produced. The assignment highlights the importance of accurate data entry, frequent backups, and the integration of various accounting modules to generate a complete financial picture of the business.

Surfing Shops Australia- Vishwa Shah
45101720
Balance Sheet
As of 01-07-18
14-05-19
12:04:18 AM
1-0000 Assets
1-1000 Current Assets
1-1100 Cash On Hand
1-1110 ANZ Bank $0.00
1-1120 Payroll Cheque Account $0.00
1-1130 Cash Drawer $0.00
1-1180 Undeposited Funds $0.00
1-1190 Electronic Clearing Account $0.00
Total Cash On Hand $0.00
1-1200 Trade & Other Receivables $0.00
1-1210 Prov'n for Doubtful Debts $0.00
1-1215 Financial Assets $0.00
1-1220 Deferred Tax Assets $0.00
1-1230 Short-term Investments $0.00
1-1300 Inventory
1-1310 Surfboards $0.00
1-1320 Surfboard fins $0.00
1-1330 Surf gear $0.00
1-1340 Wetsuits & gear $0.00
1-1400 Prepaid Insurance $0.00
1-1500 Prepaid Interest $0.00
1-1600 Prepaid Rend $0.00
1-1700 Deposits Paid $0.00
Total Current Assets $0.00
1-1900 Withholding Credits
1-1910 Voluntary Withholding Credits $0.00
1-1920 ABN Withholding Credits $0.00
Total Withholding Credits $0.00
1-3000 Fixed Assets
1-3100 Warehouse Equipment
1-3110 Warehouse Equipment at Cost $0.00
1-3120 Warehouse Equipment Accum Dep $0.00
1-3200 Motor Vehicle
1-3210 Motor Vehicle at Cost $0.00
1-3220 Motor Vehicle Accum Dep $0.00
1-3300 Truck
1-3310 Truck at Cost $0.00
1-3320 Truck Accum Dep $0.00
1-3400 Furniture & Fixture
1-3410 Furniture & Fixtures at cost $0.00
1-3420 Furniture & Fixtures Accum Dep $0.00
1-3500 Warehouse
1-3510 Warehouse at cost $0.00
1-3520 Warehouse Accum Dep $0.00
1-3600 Land $0.00
Total Fixed Assets $0.00
Total Assets $0.00
2-0000 Liabilities
2-1000 Current Liabilities
2-1100 Credit Cards
2-1110 Master Card $0.00
2-1120 Visa Card $0.00
Total Credit Cards $0.00
2-1200 Trade & Other Payables $0.00
2-1210 Accrual $0.00
2-1230 Liabilities for Investments $0.00
2-1240 Deferred Tax Liability $0.00
2-1300 GST Liabilities
2-1310 GST Collected $0.00
2-1320 GST Paid $0.00
Total GST Liabilities $0.00

Surfing Shops Australia- Vishwa Shah
Balance Sheet
As of 01-07-18
14-05-19
12:04:18 AM
2-1350 Fuel Tax Credits Accrued $0.00
2-1355 WET Payable $0.00
2-1360 Import Duty Payable $0.00
2-1370 Voluntary Withholdings Payable $0.00
2-1380 ABN Withholdings Payable $0.00
2-1390 Luxury Car Tax Payable $0.00
2-1400 Payroll Liabilities
2-1410 Payroll Accruals Payable $0.00
2-1420 PAYG Withholding Payable $0.00
Total Payroll Liabilities $0.00
2-1500 Customer Deposits $0.00
2-1600 Warranty $0.00
Total Current Liabilities $0.00
2-2000 Long Term Liabilities
2-2100 Bank Loans $0.00
2-2200 Other Long Term Liabilities $0.00
2-2300 DB Plan Deficits $0.00
Total Long Term Liabilities $0.00
Total Liabilities $0.00
Net Assets $0.00
3-0000 Equity
3-1000 Surfing Shops Shareholders' Eq $0.00
3-2000 Shareholder Capital "B" Shares $0.00
3-3000 Capital Drawings $0.00
3-8000 Retained Earnings $0.00
3-9000 Current Year Earnings $0.00
3-9999 Historical Balancing $0.00
Total Equity $0.00