Computerised Financial Systems N4 - Assignment

Assignment Task

Questions 

1. Yanga Mnini started a business, selling cement products. Namaste is a leading manufacturer of garden furniture, ornamentals, pillars and decking systems. The business makes use of the computerised accounting system, Pastel. You are the appointed Bookkeeper.

2. The business is registered for VAT purposes and makes two monthly payments to the South African Receiver of Revenue, according to the invoice basis.

3. Enter the opening balances on 28 February 2022 and rename the accounts as indicated below.

4. The stock system of the business is dealt with on a continuous basis with the computer program. The following stock codes and prices (VAT Excl.) is applicable: Create the inventory items and enter the opening balances.

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