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Unformatted text preview: End of month posting http://www.perdisco.com/elms/qsam/html/qsam.aspx 1 of 10 17/05/2008 10:48 PM Navigation map Original information The information in the above links comes from the 'Overview' and 'Further information' pages at the beginning of the practice set. If you did not print them out, and you would like to refer to them, you may review them below: Overview Further information Additional information To answer this question you may need the following information: Inventory details End of month posting [feedback page] This is a feedback page. Please review this page carefully because later pages in this practice set may build on the feedback provided here. When you are ready, click continue . Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Instructions for end of month posting Total the columns in the special journals. Record the total in the bottom line of each journal. Post the totals of the columns in the special journals to their corresponding ledger account. To confirm that the posting has been performed, a posting reference is recorded in the last row of the special journals. If the total of a column is not required to be posted, you need to record an X in the post reference field for that column. Record the final unadjusted balance of each ledger account in the Unadjusted Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Unadjusted Balance row must still be filled out in order to receive full marks. Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) are the correct answers, not your particular answers. Remember to enter all answers to the nearest whole dollar . When calculating a discount, if a discount is not a whole number, round the discount to the nearest whole dollar. Then, to calculate the cash at bank amount, subtract the discount from the original amount. Additional instructions Displaying selected journals and ledgers: Not all journals and ledgers will be displayed on every page. On this page you can access all journals and ledgers necessary to answer this question. There are several tabs representing different views of the journal and ledgers. The active tab by default is Show All, but you may also select to view just the special journals or the general ledger accounts by selecting the appropriate tab....
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This note was uploaded on 03/03/2012 for the course ACCT 1501 taught by Professor Helen during the Three '09 term at University of New South Wales.
- Three '09