Assignment Requirements
The coursework consists of two parts.
Part A (Total 35 marks)
I) Create your own business as a Sole Trader with a financial year starting on the first day of any month in the year 2015. You should then identify and process for the first quarter of the period, at least twenty transactions to be used to demonstrate the operation of Sage line 50 (Financial Controller) software.
The transactions MUST include the following:
Bank Receipts (4 transactions)
i. The Capital you introduced to commence the business (the amount should be more than £28,000 but less than £40,000). Sales Receipts (1 Capital Introduced and 3 from cash sales). NB: cash sales mean non-credit sales.
Make sure that you have bought goods from Suppliers (Purchase Ledger) before you can make any sales since you need inventory to sell. Create 3 suppliers account and process 3 batch supplier invoices. The each invoice amount should be more than £4,250 but less than £7,000.
Bank Payments
i. Make Payment for any single asset worth less than £3,000.00 bought with your business debit card (1 asset).
Process payments for expenses and purchases (2 expenses, 1 purchase). No single transaction should exceed £2,850.
Sales Invoices
i. Create 4 customer (Sales Ledger) accounts and process batch invoices for any 3 of them.
Customer receipts
i. From the transactions in C (i) above, two customers pay their invoices in full within two weeks of the invoice dates. Process these customer receipts (2 receipts).
Transfer of sufficient amount from Bank Current Account to Petty Cash Account to enable you to pay cash expenses.
i. Create a petty cash transfer
Petty cash payments
i. Make 3 different expenses payments from the Petty Cash Account
Prepare a VAT return for the first quarter.
Note: State any assumptions you have made in creating the illustrative data.
ii) Using SAGE, record these transactions.
Submit a print out (in PDF format) of the following:
Details of all customers and suppliers (4 marks)
All Suppliers and Customers Activities (Detailed Report) (4 marks)
The Audit Trail for all transactions (5 marks)
Transactional Trial Balance Report for the quarter (6 marks)
Profit and Loss Account for the quarter (6 marks)
Balance Sheet for the quarter (6 marks)
VAT return (4 marks) for the first quarter of trading.
Part B
Evaluate the usefulness of SAGE Line 50 as a computerised Accounting Software and briefly provide your thoughts on the effectiveness of this package. (15 marks)
This coursework counts as 20% of the total mark. This is an individual assignment. The work must be your own original work. All sources (including internet sites such as those of the company and regulatory bodies) must be fully and properly referenced.
Marks will be lost if this is not done. You must avoid any breach of assessment regulations – see relevant sections in your Course Handbook and the University’s Assessment Regulations.
All your reports should be exported into a pdf file format and then submitted electronically on Blackboard TURNITIN.
Order Now
https://thecustomwritings.com/order/
YOU CAN ALSO PLACE OTHER SIMILAR ORDERS ON OUR WEBSITE AND GET AMAZING DISCOUNTS!!!
Our Service Charter
-
Excellent Quality / 100% Plagiarism-Free
We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers. -
Free Revisions
We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed. -
Confidentiality / 100% No Disclosure
We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service. -
Money Back Guarantee
If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit. -
24/7 Customer Support
We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.