MYOB AccountRight: Error Correction in Australian Edition 3, v19

This assignment provides a detailed solution to a practical problem involving error correction in MYOB AccountRight, specifically within the Australian Edition 3 practice set updated for MYOB v19. The scenario involves rectifying an incorrect purchase transaction by updating supplier invoices and balances. The solution includes adjusting the purchase record, identifying restricted fields during modification, navigating the Purchases Register, and utilizing advanced filter options in the Find Transactions window. The corrected supplier balances for Moon Megasystems and Pony are provided, along with answers to multiple-choice questions related to MYOB functionalities. Desklib offers similar solved assignments and study resources for students.

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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.
Bookmark Previous pages Completed By: CarolineAye17 Bookmark Status: Saved

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General instructions
Navigating your practice set
Accounting policies and procedures
Creating the company file
Setup information
Spend money (first transaction)
Transactions list (to 7 January)
Trial balance (at 7 January)
Receivables & payables (at 7 January)
Answer all of the questions about MYOB that are presented on
this page of the practice set.
Email to Leonardo
Please complete your reply email to Leonardo about the correct
amounts owed to Moon Megasystems and Pony:
Sent: 8 January 2017 9:00 AM
To: Leonardo Downing
Subject: Account balances
Dear Leonardo,
I have amended the record of the 3 January purchase transaction that you emailed earlier.
After making the necessary changes in MYOB, the balances of the two supplier accounts are as
follows:
Supplier Balance ($)
Moon Megasystems 20054
Pony 19932
Feedback
You are correct.
Sent: January 8, 2017 9:00 AM
To: Leonardo Downing
Subject: Account balances
Dear Leonardo,
I have amended the record of the 3 January purchase transaction that you emailed earlier.
After making the necessary changes in MYOB, the balances of the two vendor accounts are as
follows:
Vendor Balance ($)
Moon Megasystems 20,054
Pony 19,932
Questions on MYOB
(Q=253.F.M.FE.P1.Q1)
After you have corrected the 3 January transaction record in MYOB, Leonardo asks you to select the field(s) that MYOB
restricts changes to when users try to modify a partly paid purchase bill:
the Purchase # field
the Supplier field

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the Date field
all of the above fields
(Q=253.F.M.FE.P2.Q2)
Leonardo asks you to open the Purchases Register window and identify the tab that is available in that window.
To open the Purchases Register window, go to the Purchases Command Centre and click Purchases Register.
Select the tab that is available in the Purchases Register window:
All Purchases
Returns & Credits
Closed Quotes
Open Invoices
(Q=253.F.M.FE.P3.Q1)
Leonardo asks you to open the Find Transactions window (Account view) and identify the advanced filter options that are
in the Account view of that window.
To open the Find Transactions window (Account view), go to bottom of any command centre, click the down arrow icon
next to the Find Transactions option and select Account. Then, click the Advanced icon to open the Advanced Filters
window.
Which of the following shows the filter options that are available in the Advanced Filters window for account transactions:
Transaction Type and Sort by Category
Source Journal and Sorted by Date/ID#
Search by Card and Dated From/To
Item ID and Item Price
Specific agreement
I have amended the record of the 3 January purchase transaction, completed the email to Leonardo and answered all
of the above multiple choice questions. I understand that if I fail to correct that record and follow the given
instructions, I will not be able to successfully complete the rest of the practice set.
MYOB AccountRight Practice Set, Australian Edition 3, Updated for MYOB v19 (VMA3t.19)
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