Million Accounting Workbook With GST PDF

A Step-by-Step Million Accounting Workbook
This workbook is designed according to the latest version of MILLION

Accounting Software. It is catered mainly for companies which would like to
computerise their account departments.
The simple step-by-step guide aids beginner understanding. It is in every
confidence that this workbook will beneficial to all.
All rights reserved. No part of this publication may be reproduced, stored in a

retrieval system, or transmitted in any form or by any means; electronic,
mechanical, photocopying, recording and or otherwise, without the prior written
permission of Million Software Sdn Bhd
No patent liability is assumed with respect to the use of the information
contained herein. Every precaution has been made to supply complete and
accurate information. However, Million Software .neither resumes responsibility
for its use, nor for any infringement of patents or other rights of third parties
which would result.
COPYRIGHT 2011. Million SOFTWARE Sdn Bhd
(Last Modified on June 2014)
Published By:
MILLION SOFTWARE SDN BHD
Head Office: 35A, Jalan Kebudayaan 4, Taman University,
81300 Skudai, Johor Bahru, Johor.
Tel :+6(07)520 3434 Fax :+6(07)520 1949
Branch Office: 72-2,Persiaran Bayan Indah, Bayan Bay,
11900 Bayan Lepas Penang.
Tel: +6(04)638 4911
Website: www.million.my
E-mail: support@million.my / sales@million.my
Copyright of Million Software Sdn Bhd
Page
1. System Requirements
Before we continue, please ensure that your computer has the minimum specifications mentioned below.
Processor Type
Pentium 4 or higher
Processor Speed
1GHz or higher
Operating System
Microsoft Windows XP or later
Memory (RAM)
1GB or more
Hard Disk
Approximately 1GB of available hard-disk space
Display
Super VGA (1024 X 768) or higher-resolution video adapter or

monitor
Other Devices
Mouse or compatible pointing devices
Page
CONTENTS
Page
1.
Preface
2.
System Requirement
3.
Content
4.
Lesson 1
- Setting Company Profile

- Create chart of accounts
- Create Debtor & Creditor account
- Organise batches
- Add / Edit / Delete Transaction
- Print Reports
- Assignment 1
4-8
5.
Lesson 2
- Open Item Debtor & Creditor

- Foreign Currency Transaction
- Enter opening balance
- Maintain Stock Value
- Post Dated Cheques
- Bank Reconciliation Statement
- Transaction involving period 13
- Year End Processing
- Assignment 2
8 15
6.
Lesson 3
- Departmental Account
- Assignment 3
16 - 19
7.
Lesson 4
- Manufacturing Account
- Maintain Multiple Stock Value
- Assignment 4
20 - 23
8.
Lesson 5
- Non Profit Organization Account

-Assignment 5
24 - 27
9.
Lesson 6
GST Assignment
28 - 32
10. Answers for Assignments
33 - 45
11. Appendix I
46 - 51
- Sample Chart of accounts

- Trading Company
- Manufacturing Company
- Non-Profit Organisation Account
Page
Lesson 1
Objectives:
Learn how to:
(1)
Set up Company Profile
(2)
Create Chart of Accounts
(3)
Debtor and Creditor File Maintenance
(4)
Maintain Batches
(5)
Be able to differentiate between Single and Fast Entry at GL Transaction
(6)
Print the Chart of Accounts, General Ledger and Trading and Profit & Loss Account
(7)
Learn the correct way to backup your directory
(8)
Edit Chart of Accounts
(9)
Learn how to
Search for a Transaction
Edit a Transaction
Delete a Transaction
Page
ASSIGNMENT 1
Go to SystemGeneral Setup Company, to add the following company profile
Company Name
Registration No.
Accounting Period
Actual Start Date
: Sunrise Trading Sdn Bhd

: 168958-A
: 01/01/2012 31/12/2012
: 01/01/2012
Set the format type for the accounts codes:

Account Format: XXXX/XXXX
( System General Setup Options )
1. Create the following Chart of Account Numbers:

(Go to General GL Accounts Add the below general chart of accounts.)
Account Number
1000/0000
1050/0000
1051/0000
3000/0000
3010/0000
3020/0000
4000/0000
5000/0000
6010/0000
9001/0000
9005/0000
9010/0000
9015/0000
A/C Description
Capital
Retained Earning
Current Profit & Loss
Trade Debtors
Bank
Cash In Hand
Trade Creditors
Sales
Purchases
Discount Allowed
Salaries
Telephone
Water & Electricity
A/C Group
Capital & Reserves
Capital & Reserves
Capital & Reserves
Current Assets
Current Assets
Current Assets
Current Liabilities
Revenue
Cost Of Goods Sold
Expenditure
Expenditure
Expenditure
Expenditure
2. Add the following Debtors:

(Go to Debtors Debtor Maintenance Add)
Debtor No.
Name
3000/M001
Maya Plastic Trading
3000/M002
Microsoft Sdn Bhd
3000/S001
Sakura Communication Co
Classified As
Retained Earning
Current Year Profit / (Loss)
Debtor
Bank
Cash
Creditor
Sales
Purchases
-
Phone
Billing Address
Numbers
112, Jalan Payu, Tampoi, JB 07-3340707
No. 5, Jalan Harimau, KL
03-9543262
333, Jalan Bintang, Penang 04-3322556
3. Add the following Creditors:

(Go to Creditors Creditor Maintenance Add)
Creditor No. Name
Address
4000/A001
Aloha Corporation
No. 10, Jalan Suria 19, JB
4000/T001
Time Dotcom Sdn Bhd
No. 56, Jalan Merah, KL
Phone
Numbers
07-3328378
03-5432626
Page
4.
Create the following batches:

(General Batch Add)
Code
Description
Batch Type
10
CREDIT SALES
Sales
20
CREDIT PURCHASES
Purchases
30
BANK
Bank
40
CASH
Cash
50
CN / DN
Journal
(Select From Month = January To January Year = 2012 Generate Yes)
5.
Add the following Credit Sales Transactions

(Go to Debtors Invoice Add )
02/01/2012
05/01/2012
06/01/2012
6.
Ref. No.
Purchased from Aloha Corporation
Inv 2100
Purchased from Time Dotcom Sdn Bhd I 88556
RM
17,600.00
8,800.00
Sales to Maya Plastic Trading

Sales to Microsoft Sdn Bhd
Sales to Sakura Communication Co
Add the following Bank Transactions

(Go to General Cash Book Payment Add)
31/01/2012
31/01/2012
31/01/2012
8.
RM
13,600.00
3,500.00
18,000.00
Add the following Credit Purchases Transactions

( Go to Creditors Purchases Invoice Add )
01/01/2012
05/01/2012
7.
Ref. No.
Inv2001
Inv2002
Inv2003
Salaries
Telephone
Water & Electricity
Ref. No.
PV0101
PV0102
PV0103
RM
1,800.00
500.00
300.00
Ref. No.
CS 0001
CS 0002
RM
70.00
100.00
Add the following Cash Transactions

(Go to General Cash Book Receipt Add)
21/01/2012
31/01/2012
Cash Sales
Cash Sales
Page
9.
Add the following Receive Transactions.

(Go to Debtors Receive Payment Add)
21/01/2012
Received Payment from Maya

Plastic
Ref. No.
OR0001
RM
13,000.00
10. Add the following Payment Transactions.

(Go to Creditors Pay Bills Add)
31/01/2012
Ref. No.
PV0104
RM
5,000.00
Ref. No.
Being discount allowed to Maya
CN 0001
Plastic Trading for Invoice No.: Inv2001
RM
600.00
Paid to Time Dotcom Sdn Bhd
11. Add the following Credit Note to Journal

(Go to Debtors Credit Note Add )
31/01/2012
12. View the following Reports:

(i) Print Batch of Transactions (General More Report Print Batch Of Transaction)
(ii) Bank Ledger (General View Ledgers)
(iii) Trial Balance (General Trial Balance)
(iv) Trading And Profit & Loss Account (General Profit & Loss Account)
13. Save a copy of data into hard disk (C drive), or others drive.
(i) Go to SystemBackup Database
(ii) Enter the directory path as C:\BACKUP\SUNRISE\
(iii) Click on the Backup button to backup.
Experiments
1. Change the Account Description from Telephone to Telephone Charges.
(Go to General GL Accounts Filter Edit)
2. Change the Sales amount for Maya Plastic Trading from RM13, 600.00 to RM13, 600.50.
(Go to Debtors Invoice Filter Edit Reverse)
3. Delete the entire transaction for Cash Sales No. CS 0001 of RM70.00.
(Go to General Cash Book Receipt Delete)
4. Change the Bank Account Number from 3010/000 to 3050/0000.
(Go to System Administrative Tools Change Data User ID & Password: Admin Accounts)
Page
Lesson 2
Objectives:
(1)
Maintain Company Profile

- Set the Accounting Year
(2)
Generate Sample Chart of Accounts

-Trading Company
(3)
Debtor / Creditor
- Maintain Debtor / Creditor accounts
- B/F Transactions
- Sales Invoice / Purchase Invoice
- Receive Payment / Pay Bills
- Knock off Bills
(4)
Enter Foreign Currency transaction
(5)
Cash Book entry

- Payment
- Receipt
(6)
Maintain Closing Stock Value
(7)
Post Dated Cheque
(8)
View Reports
- Debtor Statement
- Aging Reports
- Payment Due
(9)
Year End Processing

- Backup
Page
ASSIGNMENT 2
Company Profile
(System General Setup Company)
Company Name
: Wong Long Sdn Bhd
R.O.C. No.
: 123456-A
Address
: 123 Jalan Seroja 39, Taman Johor Jaya, 81100 Johor Bahru
Accounting Year
: 01/01/2012 31/12/2012
Actual Starting Date
: 01/11/2012

1.
Create a Sample Chart Of Account

(General GL Accounts Sample Trading Account Generate enter admin
user name & password Login Yes OK)
2. Maintain Debtors Accounts

(Debtors Debtor Maintenance Add)
Debtor A/C
3000/S001
3000/S002
3000/U001
3000/V001
Name
Sakura Trading Sdn Bhd
Seng Tech Sdn. Bhd.
United Co. Sdn Bhd
Victor Pte. Ltd
Currency: SGD
Currency Rate: 2.30 *
(Go to General Miscellaneous Currency SGD Exchange RateAdd Date from 01/11/2012
To 30/11/2012 Save)
3.
Creditors Accounts
(Creditors Creditor Maintenance Add)
Creditor A/C
4000/L001
Name
Lee C.S. Sdn Bhd
Page
4. Enter the following opening as at 31/10/2012

(General A/C Opening Balance)
Description
Capital
Retained Earning
Sakura Trading
United Co. S/B
Bank PBB A/C
Cash
Stock
Lee C. S. Sdn Bhd
Debit
(RM)
Credit
(RM)
18,000.00
1,150.00
9,500.00
3,500.00
9,000.00
150.00
8,000.00
30,150.00
11,000.00
30,150.00
Note: Lock the opening balance.
5. The Company has two debtors and their Unpaid Bills till 31/10/2012 are shown below
(Debtors B/F Transaction Add)
Date
01/09/2012
03/09/2012
18/10/2012
24/10/2012
05/08/2012
29/08/2012
Account No.
3000/S001
3000/S001
3000/S001
3000/S001
3000/U001
3000/U001
Bill No.
I 9801
I 9802
I 9803
I 9804
I 9805
I 9806
Description
Sales
Sales
Sales
Sales
Sales
Sales
Amount (RM)
2,500.00
1,800.00
3,500.00
1,700.00
1,950.00
1,550.00
Note: Use the List button to check whether there is difference between debtor opening balance and total B/F
transaction.
6. Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance

(Creditors B/F Transaction List Generate Yes)
7. Generate a set of Batches for November 2012
(General Batch Add Sample Yes OK )
Code
Description
Batch Type
10
Sales
Sales
20
30
Purchases
Bank
Purchase
Bank
40
Cash
Cash
50
Journal
Journal
(Select From Month = November to December Year = 2012 Generate Yes)
Page
10
8. Enter the following transactions for the month of November 2012

Batch: Sales
(Debtors Invoice Add)
Date
Description
01/11/2012 Sakura Trading
02/11/2012 United Co.
26/11/2012 United Co.
28/11/2012 Seng Tech Sdn Bhd
30/11/2012 Victor Pte. Ltd
Ref No.
I 9820
I 9821
I 9822
I 9823
I 9824
Amount
1,230.00
1,010.00
250.00
500.00
$500.00
Ref No.
8208
8220
Amount
2,300.00
1,100.00
Chq No.
PBB155661
Ref No.
OR0001
Amount
2,500.00
RHB224455
OR0002
1,000.00
RHB221158
OR0003
550.00
PBB155770
OR0005
4,500.00
TLB551144
OR0006
500.00
SBB553222
OR0007
$500.00
PBB155800
OR0009
1,230.00
RHB233100
OR0010
250.00
Chq No.
BOC776601
PBB144333
BOC776602
Ref No.
OR0004
OR0008
OR0011
Amount
1,000.00
500.00
1,000.00
(Currency Rate : 2.30)
9. Batch: Purchases
(Creditors Purchase Invoice Add)
Date
07/11/2012
21/11/2012
Description
Lee C. S. S/B
Lee C. S. S/B
10. Batch: Bank

(Debtors Receive Payment Add)
Date
02/11/2012
Description
Sakura Trading
Pay For:I 9801
02/11/2012
United Co.
Pay For:I 9806
07/11/2012
United Co.
Pay For:I 9821
24/11/2012
Sakura Trading
Pay For:I 9803 & I 9804
28/11/2012
Seng Tech Sdn Bhd

Pay For:I 9823
30/11/2012
Victor Pte.Ltd
Pay For:I 9824
(Currency Rate : 2.20)
01/12/2012
Sakura Trading
Pay For:I 9820
28/12/2012
United Co.
Pay For:I 9822
11. (General Cash Book Receipt Add)

Date
Description
08/11/2012 Rental Income
01/12/2012 Sundry Income
05/12/2012 Rental Income
Page
11
12.
(General Cash Book Payment Add)
Date
05/11/2012
28/11/2012
28/12/2012
13.
14.
Chq No.
PBB886601
PBB886602
PBB886605
Batch: Cash
Description
Date
20/11/2012 Stationery
25/11/2012 Stamps
Ref No.
PV0001
PV0002
PV0003
Amount
180.00
1,800.00
2,000.00
Ref No.
CV0001
CV0002
Amount
15.00
20.00
Ref No.
CS 0001
CS 0002
Amount
300.00
100.00
Ref No.
CN0001
Amount
700.00
(General Cash Book Receipt Add)
Date
05/11/2012
17/11/2012
15.
Description
Water & Electricity
Salary
Salary
Description
Cash Sales
Cash Sales
Batch: Journal
(Debtors Credit Note Add)
Date
Description
28/11/2012 Goods Return from Sakura
For Invoice no.: I 9804
16.
Enter Closing Stock Value for Year 2012

(General Maintain Stock Value Add Save Enter Closing Stock Add )
Opening Stock Value as at 01/11/2012 = RM 8,000.00
Closing Stock Value as at 31/12/2012 = RM2,200.00
17.
Received a Post Dated Cheques (PDC) from a Debtor

(i) Enter the following PDC transaction
Batch: Bank Dec 2011
Date
Description
(Pay For)
Chq No.
25/12/2012
Sakura Trading
(I 9802)
PBB155886
Ref No.
PDC12/01
Amount
1,800.00
(ii) View Debtor Statement for 30 Nov 2012

(Debtors Debtor Reports Debtor Statement Print Preview)
Page
12
18.
The following is the Bank Statement as at 31/10/2012

(General Bank Reconciliation Select Bank PBB A/C Edit Maintain B/F Trans Add)
Bank Reconciliation Statement as at 31/10/2012
Balance as per Bank Statement
7,500.00
Add: Deposits Not Credited By Bank

01/10/2012 OR 2145
Sakura Trading Sdn Bhd
PBB 149875
2,000.00
20/10/2012 OR 2166
Rental Received
MBB 154477
1,800.00
3,800.00
11,300.00
Less: Unpresented Cheque

28/10/2012 PV 1897
Water & Electricity
PBB234891
30/10/2012 PV1854
Rental
PBB146321
Balance as per Bank Account
500.00
1,800.00
2,300.00
9,000.00
Page
13
The following is the Bank Statement as at 30/11/2012

(General Bank Reconciliation Select Bank PBB A/C Edit Select the
Statement Date = November 2012 Refresh)
19.
PUBLIC BANK BERHAD

(Johor Bahru)
Statement
Wong Long Sdn Bhd

123, Jalan Seroja 39,
Taman Johor Jaya,
81100 Johor Bahru, Johor.
Date
Transaction Description
05/11/2012
09/11/2012
20/11/2012
28/11/2012
30/11/2012
Balance B/F
Local Cheque Deposit
Debit Cheque Deposit
Debit Cheque
Total of debit items :
Total of credit items :
(Customer Copy)
Transaction Amount
(RM)
155661
224455
776601
155770
886602
2,500.00
1,000.00
1,000.00
4,500.00
1,800.009,000.00
1,800.00
Balance
(RM)
7,500.00
10,000.00
11,000.00
12,000.00
16,500.00
14,700.00
4
1
Note:
1. All items and balances shown above will be considered correct unless the Bank is notified of any discrepancy
within 14 days.
2. Please notify us of any change of address in writing.
View the Bank Reconciliation Statement as at November 2012

Result:
Balance as per Bank Statement = RM 14,700.00
Balance as per Bank Account
= RM 18,170.00
20.
Experiment
(i) The bill for United Co. OR 0003 is wrongly knocked off and should be knocked off against
Invoice no.: I 9806 instead.
Reverse Bills (Debtors Knock Off Bill Edit Reverse)
Knock Off again the correct Invoice with the payment.
(Debtors Knock Off Bill Edit Edit)
21. View the following debtors reports for Nov 2012

(i) Preview Debtor Statement
(Debtors Debtor Reports Debtors Statement OK Statement Date: 30/11/2012)
Page
14
(ii) Preview Debtor Aging

(Debtors Debtor Reports Debtors Aging OK To Date: 30/11/2012)
Aging by Month)
(iii) Preview Debtor Payment Due
(Debtors Debtor Reports Debtors Payment Due OK To Date: 30/11/2012)
22. Enter the following Sales invoice for January 2013
(General Batch Add From/To Month: January Year: 2013 Generate Yes)
(General GL Transaction Quick Entry Sales Invoice OK)
Batch: Sales
Date
Description
02/01/2013 Sakura Trading Sdn Bhd
05/01/2013 United Co. Sdn Bhd
17/01/2013 Seng Tech Sdn Bhd
Ref No.
Inv 2093
Inv 2094
Inv 2095
Amount
1,600.00
5,000.00
1,530.00
23. Year end processing for Year 2012

(System Backup Database Backup To: C:\Backup\Wonglong\ Backup)
(System Administrative Tools Year End Closing OK enter admin user & password
Page
15
Lesson 3
Objectives:
(1)
Learn how to use Project Code to handle Departmental Account
(2)
Learn how to maintain Department Stock Value
(3)
Learn how to use the Consolidated Account to print out columnised

Profit & Loss Account for all the departments.
(4)
At the end of this assignment, the student should be able to apply the concept to other type
of accounts such as contract accounts with many projects, branch accounts, organization with
many cost centers, etc.
Page
16
ASSIGNMENT 3
Departmental Account
1.
Seng Long Supermarket has 3 departments accounts. The 3 departments are: Ladies, Gents &
Children. Their accounting year starts from 01/01/2012 to 31/12/2012.
2.
Using the following codes to maintain the department codes respectively:(Go to General Miscellaneous Project Add)
Project
LD
GT
CD
Description
Ladies
Gents
Children
Date Start
01/01/2012
01/01/2012
01/01/2012
Date Complete
31/12/2012
31/12/2012
31/12/2012
3. Maintain General accounts.

(General GL Accounts Add)
A/C No.
1000/0000
1050/0000
1051/0000
3010/0000
3020/0000
3100/0000
4000/0000
5000/0000
6000/0000
6010/0000
6100/0000
9010/0000
9020/0000
9030/0000
A/C Description
Capital
Retained Earning
Current Profit / Loss
Cash In Hand
Bank
Stock
Trade Creditor
Cash Sales
Opening Stock
Purchases
Closing Stock
Salary
Insurance
Rental
Account Group
Capital & Reserves
Capital & Reserves
Capital & Reserves
Current Assets
Current Assets
Current Assets
Current Liabilities
Revenue
Cost Of Goods Sold
Cost Of Goods Sold
Cost Of Goods Sold
Expenditure
Expenditure
Expenditure
Classified As
Retained Earning
Current Year Profit/(Loss)
Cash
Bank
Closing Stock
Creditor
Sales
Opening Stock
Purchases
Closing Stock
-
4. Maintain Creditors accounts

Creditor No.
4000/L001
4000/R001
4000/J001
Company Name
Lee Corporation
R & D Fashion
JJ Fashion
Page
17
5. Organise Januarys batches

6. Enter the following transactions for the respective department:

Purchases
(Go to Creditors Purchase Invoice Add)
Date
01/01/2012
02/01/2012
09/01/2012
Description
Lee Corporation
R & D Fashion
JJ Fashion
Departments
Ref. No.
Auto (PI001)
Auto
Auto
Ladies
6,000.00
3,000.00
9,000.00
Gents
5,000.00
1,000.00
4,800.00
Children
4,500.00
1,500.00
3,500.00
Cash
Date
11/01/2012
12/01/2012
13/01/2012
Description
Cash Sales
Cash Sales
Cash Sales
Ref. No.
Auto (CS001)
Auto
Auto
Departments
Ladies
10,000.00
5,000.00
12,000.00
Gents
8,000.00
3,000.00
6,800.00
Children
7,500.00
2,500.00
5,500.00
Bank
Date
21/01/2012
21/01/2012
25/01/2012
Description
Salary
Insurance
Rental
Ref. No.
Ladies
Auto (PV001) 1,600.00
Auto
300.00
Auto
900.00
7. The stock value for each department

( Go to General Maintain Stock Value Add )
Ladies
Stock as at 01/01/2012 (Opening)
6,000.00
Stock as at 31/01/2012 (Closing)
5,000.00
Departments
Gents
5,000.00
3,000.00
Gents
1,500.00
100.00
480.00
Children
1,450.00
150.00
350.00
Children
4,500.00
1,500.00
Total
15,500.00
9,500.00
Page
18
Go to General Maintain Stock Values to enter the above Closing stock values.
Project
LD
Bal. Sheet Closing Stock

3100/0000
Description
Stock
P&L Opening Stock

6000/0000
GT
CD
3100/0000
3100/0000
Stock
Stock
6000/0000
6000/0000
P&L Closing Stock

6100/0000
6100/0000
6100/0000
8. View reports for each department:

(i) View the respective departments Profit and Loss Account;
(Go to General Profit and Loss Account Select Project Code)
(ii) Print a consolidated Profit and Loss Account that includes all departments;
(Go to General More Report Consolidated Account Maintain Generate Generate Project
OK)
Page
19
Lesson 4
Objectives:
Learn how to:
(1)
Create a Chart of Account for Manufacturing Account
(2)
Use the function of Special Account function
(3)
Maintain Multiple Opening & Closing Stock account
(4)
Print Manufacturing Account
Page
20
ASSIGNMENT 4
Manufacturing Account
CREATIVE INDUSTRIES SDN BHD wishes to control their using Million Accounting System. Their
accounting year is from 01/01/2012 to 31/12/2012.
1.
Create the following chart for the Manufacturing Account :
A/C No
A/C Description
A/C Group
Classified As
Group To
7000/0000
Cost Of Goods Sold
Cost Of Goods Manufactured
7000/0000
7000/1000
Raw Material
7000/1000
7000/1010
Opening Stock Raw
Opening Stock
7000/1000
Purchases
7000/1000
Material
7000/1020
Purchases Of Raw
Material
7000/1030
Carriage Inwards
7000/1000
7000/1040
Closing Stock Raw
Closing Stock
7000/1000
Material
7000/2000
Direct Labour
7000/2000
7000/2010
Product Wages
7000/2000
7000/2020
E.P.F. Contribution
7000/2000
7000/2000
(Production)
7000/2030
SOCSO Contribution
(Production )
7000/3000
Factory Overhead
7000/3000
7000/3010
Factory Rental
7000/3000
7000/3020
Factory Expenses
7000/3000
7000/3030
Water & Electricity
7000/3000
7000/3000
(Factory)
7000/3040
Depreciation of Plant &

Machinery
7000/4000
Packing Material
7000/4000
7000/4010
Opening Stock
Opening Stock
7000/4000
Purchases
7000/4000
Closing Stock
7000/4000
7000/5000
Packing Material
7000/4020
Purchases of Packing
Material
7000/4030
Closing Stock
Packing Material
7000/5000
Work In Progress
Page
21
7000/5010
Opening Work In
Opening Stock
7000/5000
Closing Stock
7000/5000
Progress
7000/5020
Closing Work In
Progress
1000/0000
Capital
Capital & Reserves
1000/0000
1050/0000
Retained Earning
Capital & Reserves
Retained Earning
1050/0000
1051/0000
Current Profit & Loss
Capital & Reserves
1051/0000
2001/0000
Plant & Machinery
Fixed Assets
Fixed Assets
2001/0000
2001/0050
Accum. Deprn. Plant
Fixed Assets
Accumulated Depreciation
2001/0000
& Machinery
3010/0000
Cash At Bank
Current Assets
Bank
3010/0000
3020/0000
Stock
Current Assets
Closing Stock
3020/0000
3020/1000
Stock Raw Material
Current Assets
Closing Stock
3020/1000
3020/4000
Stock Packing
Current Assets
Closing Stock
3020/4000
Current Assets
Closing Stock
3020/5000
Material
3020/5000
Stock Work In
Progress
2. Organise Januarys batches

(General Batch Add Sample Yes OK)
3. Add the following transactions for Jan2012 :
Bank Book Jan2012
Date
Description
01/01/2012
Purchase of Raw Material
01/01/2012
Carriage Inward
07/01/2012
Production Wages
07/01/2012
E.P.F. Contribution (Production)
07/01/2012
SOCSO Contribution (Production)
07/01/2012
Factory Rental
15/01/2012
Factory Expense
15/01/2012
Water & Electricity (Factory)
18/01/2012
Upkeep of Machinery (7000/3050)
20/01/2012
Purchase of Packing Material
Ref. No.
PV2001
PV2002
PV2003
PV2004
PV2005
PV2006
PV2007
PV2008
PV2009
PV2010
Amount
38,000.00
120.00
5,000.00
600.00
50.00
3,000.00
30.00
1,000.00
800.00
1,200.00
Ref. No.
JV2001
Amount
5,600.00
Journal Jan2012
(General GL Transaction Add)
Date
31/01/2012
Description
Depreciation of Plant & Machinery
Page
22
4. The figures for Opening & Closing Stock as at 31/01/2012 are as follows: ( Go to General Maintain Stock Value Add )
Opening Stock
Closing Stock
Raw Material
60,000.00
58,000.00
Packing Material
3,000.00
1,600.00
Work-in-progress
10,000.00
11,000.00
Go to General Maintain Stock Values to enter the above stock values.
Project
Bal. Sheet Closing Stock

3020/1000
Description
Stock
P&L Opening Stock

7000/1010
3020/4000
3020/5000
Stock
Stock
7000/4010
7000/5010
P&L Closing Stock

7000/1040
7000/4030
7000/5020
5. Print the following Financial Reports: Manufacturing Account (General More Reports Manufacturing Account)
ii) Profit and Loss Account (General Profit & Loss Account)
iii) Balance Sheet (General Balance Sheet)
i)
Page
23
Lesson 5
Objectives:
Learn how to:
(1)
Set up Company Profile
(2)
Create Chart of Accounts
(3)
Enter Opening Balance for

The first month of financial year
(4)
Organise Batches
(5)
Add / Edit Transactions
(6)
Edit Account Type Description
(7)
View Report
Page
24
ASSIGNMENT 5
1. Company Profile
Company Name
: XYZ Social Club
Address
: 123 Jalan Seroja 47, Taman Johor Jaya, 81100 Johor Bahru
Accounting Year
: 01/01/2012 31/12/2012
: 01/01/2012

General Accounts
Account Number
1000/0000
1001/0000
2010/0000
2020/0000
3010/0000
3020/0000
3030/0000
4000/0000
4005/0000
8010/0000
8020/0000
8030/0000
8040/0000
8050/0000
8060/0000
9001/0000
9005/0000
9010/0000
9015/0000
9020/0000
9025/0000
9030/0000
9040/0000
A/C Description
Accumulated Fund B/F
Accumulated Fund
Furniture & Fitting
Premises
Bank
Cash In Hand
Subscription in Arrears
Subscription in Advance
Other Creditors
Member Subscription
Entrance Fees
Donation
Ground Rent
Locker Rent
Social Activities
Rent and Rates
Salaries & Wages
Telephone Charges
Water & Electricity
Printing & Stationery
Sundry Expense
Upkeep of Furniture & Fitting
Expenses of Social Activities
A/C Group
Capital & Reserved
Capital & Reserved
Fixed Assets
Fixed Assets
Current Assets
Current Assets
Current Assets
Current Liabilities
Current Liabilities
Other Revenue
Other Revenue
Other Revenue
Other Revenue
Other Revenue
Other Revenue
Expenditure
Expenditure
Expenditure
Expenditure
Expenditure
Expenditure
Expenditure
Expenditure
Classified As
Retained Earning
Current Year Profit / Loss
Fixed Assets
Fixed Assets
Bank
Cash
-
Page
25
2. Following are the opening balances as at 01/01/2012:

(Go to General Account Opening Balance)
Description
Debit (RM)

Furniture & Fitting
Premises
Bank
Cash In Hand
Subscription in Advance
Credit (RM)
60,000.00
15,000.00
20,000.00
25,000.00
500.00
60,500.00
500.00
60,500.00
3. Organise the batches as follows:

(General Batch Add Sample Yes OK)
Code
Description
Batch Type
10
Bank Receipts
Bank
20
Bank Payments
Bank
30
Cash Receipts
Cash
40
Cash Payments
Cash
50
Journal
Journal
4. Following are the transactions for January 2012
Bank Receipts Jan12
Date
Description
01/01/2012
Ground Rent
10/01/2012
Members Subscription
11/01/2012
Donation
31/01/2012
Entrance Fees
31/01/2012
31/01/2012
Social Activities
Bill No.
OR 2001
OR 2002
OR 2003
OR 2004
OR 2005
OR 2006
Cheque No.
SBB420000
PBB123410
RHB433210
PBB420003
PBB441152
CBB545541
Amount
2,800.00
3,500.00
1,000.00
1,200.00
4,500.00
6,000.00
Bill No.
BPV 1001
BPV 1002
BPV 1003
BPV 1004
Cheque No.
PBB355001
PBB355002
PBB355003
PBB355004
Amount
1,000.00
3,000.00
2,500.00
500.00
Bank Payments Jan12

Date
15/01/2012
15/01/2012
15/01/2012
15/01/2012
Description
Desks and Chairs (F&F)
Rental
Salaries
Page
26
15/01/2012
30/01/2012
Water & Electricity

BPV 1005
Expenses of Social Activities BPV 1006
PBB355005
PBB355006
800.00
2,100.00
Bill No.
OR 8200
OR 8201
OR 8202
Amount
800.00
200.00
450.00
Bill No.
CPV 001
CPV 002
CPV 003
CPV 004
Amount
1,000.00
40.00
1,000.00
60.00
Cash Receipts Jan12

Date
01/01/2012
05/01/2012
31/01/2012
Description
Entrance Fees
Locker Rent
Cash Payments Jan12

Date
Description
31/01/2012
Cleaning Fee
31/01/2012
31/01/2012
Sundry Expenses
31/01/2012
Stationery
5. Experiments
i)
Change the Bank Received from Members Subscription on 31/01/2012 from RM4,500.00 to
RM4,800.00.
ii) Change the Word Other Revenue to Income

( Go to System Administrative Tools Account Group )
iii) Change the Trading And Profit And Loss Account to Income And Expenditure Account
NET PROFIT/(LOSS) to Accumulated Fund and
RETAINED PROFIT/(LOSS) to Accumulated Fund B/F
( Go to General Profit and Loss Account Print Edit Report Wording )
6. View the following information:
(i)
Chart of Accounts;
(ii) Trial Balance as at 31/01/2012;
(iii) Trading And Profit & Loss for the month ended 31/01/2012;
(iv) Balance Sheet as at 31/01/2012;
Page
27
Lesson 6
Objectives:
Learn how to:
(1)
Set up GST code
(2)
Transaction with GST

Debtor Invoice
Creditor Invoice
(3)
View GST report

GST Transaction Listing
GST FORM 3
Generate GAF
GST Accrual report
Page
28
ASSIGNMENT 6
Company Profile
Company Name
: Wonderful Sdn Bhd
R.O.C. No.
: 234567-H
TAX No.
: 345678
Address
: 12 Jalan Permas Jaya 2/10, Taman Permas Jaya, 81100 Johor

Bahru
Accounting Year
: 01/01/201x 31/12/201x
: 01/11/201x

Ensure Account Format: XXXX/XXXX and GST entry is set up
(System General Setup Optionsselect GST FormatMY)
1. Create a Sample Chart Of Account
(General GL Accounts Sample Trading Account Generate enter admin
user name & password Login Yes OK)
2. Set up GST code

(GeneralMiscellaneousGST Sample Select GST Output tax/Input tax A/C No. Generate)
3. Maintain Debtors Accounts
(Debtors Debtor Maintenance Add)
Debtor A/C
Name
3000/A001
3000/T002
3000/U001
Apple Trading Sdn Bhd

Tomato Design Sdn. Bhd.
United Co. Sdn Bhd
Default GST
SR
ZR
SRI
4. Creditors Accounts
Creditor A/C
4000/C001
Name
Lee C.S. Sdn Bhd
Default GST
TX6
5. Add the following Nominal Accounts:

Some account codes may have already been set up. Check and set up new accounts as required.
(General GL Accounts Add)
Page
29

GL Number
Account Name
9050/0000
Vehicle Repairs
&Maintenance
Account
Type
P&L
Account Group
Expenditure
Classified
as
-
GST
Code
TXI
6. Enter the following opening as at 31/10/201x

(General A/C Opening Balance)
Description
Capital
Retained Earning
Apple Trading
United Co. S/B
Bank PBB A/C
Cash
Stock
Lee C. S. Sdn Bhd
Debit
Credit
(RM)
(RM)
23,000.00
2,250.00
8,300.00
3,300.00
5,000.00
1,150.00
5,000.00
2,500.00
25,250.00
25,250.00
Note: Lock the opening balance.

7. The Company has two debtors and their Unpaid Bills till 31/10/201x are shown below
(Debtors B/F Transaction Add)
Date
01/09/201x
03/09/201x
18/10/201x
05/08/201x
29/08/201x
Account No.
3000/A001
3000/A001
3000/A001
3000/U001
3000/U001
Bill No.
Description
INV 7801
Sales
INV 7802
Sales
INV 7803
Sales
INV 7804
Sales
INV 7805
Sales
Amount (RM)
2,800.00
1,900.00
3,600.00
1,850.00
1,450.00
Note: Use the List button to check whether there is difference between debtor opening balance and
total B/F transaction.
8.
Generate Lee C. S. Sdn Bhd Outstanding Bills from opening balance

(Creditors B/F Transaction List Generate Yes)
9. Generate a set of Batches for November 201x

Code
Description
Batch Type
10
Sales
Sales
20
Purchases
Purchase
30
Bank
Bank
40
Cash
Cash
50
Journal
Journal
Page
30

(Select From Month = November to December Year = 201X Generate Yes)
10.
Enter the following transactions for the month of November 201x

(Debtors Invoice Add)
Date
Description
01/11/201x Sales to Apple Trading
02/11/201x Sales to Tomato Design
26/11/201x Sales to United Co. Pte Ltd
28/11/201x Sales to Seng Tech
Ref.No.
INV 8920
INV 8921
INV 8922
INV 8923
Amount
1,230.00
250.00
1,000.00
USD 200.00
GST type
SR
ZR
SRI
ZR
Ref No.
8308
8320
Amount
1,300.00
2,200.00
GST type
TX6
TX6
* Exchange Rate: 3.78
11. Enter the following transaction of Purchase

(Creditors Purchase Invoice Add)
Date
07/11/201x
21/11/201x
Description
Lee C. S. S/B
Lee C. S. S/B
12. Enter the following transaction of Receive Payment

Date
Description
Cheque No.
Ref.No.
Amount
28/12/201x
Apple Trading
PBB155661
OR0001
2,800.00
RHB224455
OR0002
1,850.00
RHB221158
OR0004
250.00
Pay For:INV7801
29/12/201x
United Co.
Pay For:INV7804
30/12/201x
Tomato Design.
Pay For:INV8921
13. Create the following customer credit note:

On 23 Nov 201x, Issue a Credit Note No 100 to United Co. due to overcharges RM100 for the
Invoice No. INV7805
(Debtors Credit Note Add)
14.
Enter the following Petty Cash Transactions:

Page
31
Petty Cash
Voucher No.
15.
Date
Details
Amount RM
Tax
PCV 100
18-11-1x
Office Stationery
58.50
Including tax
PCV 101
18-11-1x
DHL Courier
148.40
Including tax
PCV 102
18-11-1x
Coffee & Sugar
45.00
Zero-rated
Enter the following Bank Transactions:

Reference No
Date
Details
Amount RM
Tax
RH100004
10-12-1x
Fire Insurance
No. 8899
212.00
Including GST 6%
RH100005
12-12-1x
No. 1234
Van repairs
550.00
Excluding GST 6%
RH100006
14-12-1x
Forward Telecom
Telephone bill
358.00
Including GST 6%
RH100007
16-12-1x
Advertising No. 3344
215.00
Including GST 6%
RH100008
18-12-1x
Paid Mr Chin
Dec 201x Commission
400.00
Out of Scope (N-T)
RH100009
22-12-1x
Shop Rent Dec 201x

No 12933
1,200.00
Excluding GST 6%
RH100012
27-12-1x
Accounting Fees
No 4455 Dec 201x
600.00
Excluding GST 6%
RH100015
30-12-1x
Sosco Dec 201x
25.90
Out of Scope (N-T)
RH100016
30-12-1x
EPF Dec 201x
288.00
Out of Scope (N-T)
Page
32
ANSWERS FOR LESSON

* All the provided answers are for reports printed after the experiments / adjustments.
LESSON 1
Page
33
Page
34
LESSON 2
Page
35
Page
36
Page
37
LESSON 3
Page
38
Page
39
LESSON 4
Page
40
Page
41
Page
42
LESSON 5
Page
43
Page
44
Page
45
APPENDIX I: SAMPLE CHART OF ACCOUNT

TRADING COMPANY
Account
Description
Account Type Account Group
1000/0000
Capital
Balance Sheet
Capital & Reserves
1020/0000
Drawing
Balance Sheet
Capital & Reserves
1050/0001
Retained Profit / (Loss)
Balance Sheet
Capital & Reserves Retained Earning
1050/0002
Balance Sheet
Capital & Reserves Current Year Profit / (Loss)
2010/0000
Furniture & Fitting
Balance Sheet
Fixed Assets
Fixed Assets
2010/0005
Accum. Depn. Furniture & Fitting
Balance Sheet
Fixed Assets
2020/0000
Office Equipment
Balance Sheet
Fixed Assets
Fixed Assets
2020/0005
Accum. Depn. Office Equipment
Balance Sheet
Fixed Assets
2030/0000
Motor Vehicle
Balance Sheet
Fixed Assets
Fixed Assets
2030/1000
Motor Vehicle JEL 5368
Balance Sheet
Fixed Assets
Fixed Assets
2030/1050
Accum. Depn. M/V JEL5368
Balance Sheet
Fixed Assets
2030/2000
Motor Vehicle JFL 613
Balance Sheet
Fixed Assets
Fixed Assets
2030/2050
Accum. Depn. M/V JFL 613
Balance Sheet
Fixed Assets
3000/0000
Trade Debtors
Balance Sheet
Current Assets
Debtor
3005/0000
Other Debtors
Balance Sheet
Current Assets
3010/0000
Bank PBB
Balance Sheet
Current Assets
Bank
3020/0000
Cash In Hand
Balance Sheet
Current Assets
Cash
3030/0000
Stock
Balance Sheet
Current Assets
Closing Stock
3040/0000
Deposit & Prepayment
Balance Sheet
Current Assets
3040/1000
Deposit Water & Electricity
Balance Sheet
Current Assets
3040/2000
Prepayment Insurance
Balance Sheet
Current Assets
4000/0000
Trade Creditors
Balance Sheet
Current Liabilities
Creditor
4005/0000
Other Creditors
Balance Sheet
Current Liabilities
4010/0000
Accruals
Balance Sheet
Current Liabilities
4020/0000
H. P. Creditors -PBB FINANCE (JFL 613) Balance Sheet
Current Liabilities
4030/0000
Term Loan MBB BANK
Balance Sheet
Current Liabilities
5000/0000
Sales
P&L
Revenue
Sales
5010/0000
Return Inwards
P&L
Revenue
Sales Adjustment
5020/0000
Discount Allowed
P&L
Revenue
Sales Adjustment
6000/0000
Opening Stock
P&L
Cost Of Goods Sold Opening Stock
6010/0000
Purchases
P&L
Cost Of Goods Sold Purchases
Classified As
Page
46
6020/0000
Carriage Inwards
P&L
Cost Of Goods Sold Purchases Adjustment
6030/0000
Closing Stock
P&L
Cost Of Goods Sold Purchases Adjustment
9010/0000
Advertisement
P&L
Expenditure
9020/0000
Bank Charges
P&L
Expenditure
9030/0000
Depreciation of Fixed Assets
P&L
Expenditure
9040/0000
Salaries
P&L
Expenditure
9050/0000
Travelling
P&L
Expenditure
9060/0000
Upkeep of Motor Vehicle
P&L
Expenditure
9070/0000
P&L
Expenditure
9080/0000
Rental
P&L
Expenditure
9090/0000
Water & Electricity
P&L
Expenditure
9100/0000
Telephone Charges
P&L
Expenditure
9110/0000
EPF Contribution
P&L
Expenditure
9120/0000
SOCSO Contribution
P&L
Expenditure
9900/0000
Taxation
P&L
Expenditure
Page
47
MANUFACTURING COMPANY
Account
Description
1000/0000
Capital
Balance Sheet Capital & Reserves
1050/0001
Retained Profit / (Loss)
Retained Earning
1050/0002
2000/0000
Fixed Assets
Balance Sheet Fixed Assets
Fixed Assets
2000/1000
Furniture & Fitting
Fixed Assets
2000/1050
Accum. Depn. Furniture & Fitting
2000/2000
Office Equipment
Fixed Assets
2000/2050
2000/3000
Motor Vehicle JEL 5368
Balance sheet
Fixed Assets
2000/3050
Accum. Depn. M/V JEL5368
2000/4000
Plant & Machinery
Fixed Assets
2000/4050
Accum. Depn. Plant & Machinery
2000/5000
Factory Equipment
Fixed Assets
2000/5050
Accum. Depn. Factory Equipment
2010/0000
Goodwill
3000/0000
Trade Debtors
Balance Sheet Current Assets
3005/0000
Other Debtors
3010/0000
Bank PBB
Bank
3020/0000
Cash In Hand
Cash
3030/0000
Stock
Closing Stock
3030/1000
Stock Raw Material
Closing Stock
3030/4000
Stock Packing Material
Closing Stock
3030/5000
Stock Work In Progress
Closing Stock
3030/6000
Stock Finished Goods
Closing Stock
3040/0000
Deposit & Prepayment
3040/1000
Deposit Water & Electricity
3040/2000
Deposit Telephone
3040/3000
Prepayment Insurance
3050/0000
Fixed Deposit PBB (1-458722-23)
4000/0000
Trade Creditors
Balance Sheet Current Liabilities
Creditor
4005/0000
Other Creditors
4010/0000
Accruals
4020/0000
H. P. Creditor - PBB FINANCE (JFL 613)Balance Sheet Current Liabilities
4030/0000
Term Loan MBB BANK
Fixed Assets
Classified As
Debtor
-
Page
48
5000/0000
Sales
P&L
Revenue
Sales
5010/0000
Return Inwards
P&L
Revenue
Sales Adjustment
5020/0000
Discount Allowed
P&L
Revenue
Sales Adjustment
6000/0000
Opening Stock Finished Goods
P&L
Cost Of Goods Sold
Opening Stock
6010/0000
Closing Stock Finished Goods
P&L
Cost Of Goods Sold
Closing Stock
7000/0000
P&L
Cost Of Goods Sold
Cost Of Goods
Manufactured
7000/1000
Raw Material
P&L
7000/1010
Opening Stock Raw Material
P&L
Opening Stock
7000/1020
Purchase Of Raw Material
P&L
Purchases
7000/1030
Carriage Inwards
P&L
7000/1040
Customs Duties
P&L
7000/1050
Closing Stock Raw Material
P&L
7000/2000
Direct Labour
P&L
7000/2010
Production Wages
P&L
7000/2020
E. P. F. Contribution
P&L
7000/2030
Socso Contribution
P&L
7000/3000
Factory Overhead
P&L
7000/3010
Factory Rental
P&L
7000/3020
Factory Expenses
P&L
7000/3030
Water & Electricity (Factory)
P&L
7000/3040
Depn. Plant & Machinery
P&L
7000/3050
Upkeep of Factory Machinery
P&L
7000/3060
Upkeep of Factory Equipment
P&L
7000/3070
Security Charges
P&L
7000/4000
Packing Material
P&L
7000/4010
Opening StockPacking Material
P&L
Opening Stock
7000/4020
Purchase of Packing Material
P&L
Purchases
7000/4030
Closing StockPacking Material
P&L
Closing Stock
7000/5000
Work-In-Progress
P&L
7000/5010
Opening Work-In-Progress
P&L
Opening Stock
7000/5020
Closing Work-In-Progress
P&L
Cost Of Goofs Manufactured
Closing Stock
8000/0000
Fixed Deposit Interest Received
P&L
Other Revenue
8010/0000
Gain on Disposal Of Fixed Assets
P&L
Other Revenue
9000/0000
Admin. Selling & General Exp.
P&L
Expenditure
9000/0005
Advertisement
P&L
Expenditure
9000/0100
Audit Fee
P&L
Expenditure
9000/0150
Bonus
P&L
Expenditure
9000/0200
Bank Interest & Charges
P&L
Expenditure
Closing Stock
Page
49
9000/0250
Directors Remuneration
P&L
Expenditure
9000/0300
Depreciation Of Fixed Assets
P&L
Expenditure
9000/0350
Entertainment
P&L
Expenditure
9000/0400
E.P.F. Contributions
P&L
Expenditure
9000/0450
General Expenses
P&L
Expenditure
9000/0500
Hire Purchase Interest
P&L
Expenditure
9000/0550
License Fee
P&L
Expenditure
9000/0600
Medical Fee
P&L
Expenditure
9000/0650
Office Rental
P&L
Expenditure
9000/0700
Office Refreshment
P&L
Expenditure
9000/0750
Postages & Stamps
P&L
Expenditure
9000/0800
P&L
Expenditure
9000/0850
Road Tax & Insurance
P&L
Expenditure
9000/0900
Socso Contributions
P&L
Expenditure
9000/0950
Secretarial Fee
P&L
Expenditure
9000/1000
Staff Salaries & Allowances
P&L
Expenditure
9000/1050
Travelling Expenses
P&L
Expenditure
9000/1100
Telephone
P&L
Expenditure
9000/1150
Upkeep of Motor Vehicle
P&L
Expenditure
9000/1200
Water & Electricity
P&L
Expenditure
Page
50
NON-PROFIT ORGANISATION ACCOUNT

Account
Description
1000/0000
Balance Sheet
Capital & Reserves
Retained Earning
1001/0000
Accumulated Fund
Balance Sheet
Capital & Reserves
2010/0000
Motor Vehicle
Balance Sheet
Fixed Assets
Fixed Assets
2010/0005
Accum. Depn. Motor Vehicle
Balance Sheet
Fixed Assets
2020/0000
Office Equipment
Balance Sheet
Fixed Assets
Fixed Assets
2020/0005
Balance Sheet
Fixed Assets
2030/0000
Office Renovation
Balance Sheet
Fixed Assets
Fixed Assets
2030/0005
Accum. Depn. Office Renovation
Balance Sheet
Fixed Assets
3010/0000
Bar Stock
Balance Sheet
Current Assets
Closing Stock
3020/0000
Subscription In Arrears
Balance Sheet
Current Assets
3030/0000
Cash At Bank
Balance Sheet
Current Assets
Bank
4000/0000
Bar Creditor
Balance Sheet
Current Liabilities
Creditor
4010/0000
Subscription In Advance
Balance Sheet
Current Liabilities
5000/0000
Sales
P&L
Revenue
Sales
6000/0000
Opening Stock
P&L
Cost Of Goods Sold
Opening Stock
6010/0000
Purchases
P&L
Cost Of Goods Sold
Purchases
6020/0000
Closing Stock
P&L
Cost Of Goods Sold
Closing Stock
8010/0000
Member Subscription
P&L
Other Revenue
8020/0000
Entrance Fees
P&L
Other Revenue
8030/0000
Donation
P&L
Other Revenue
8040/0000
Grand Ball Receipts
P&L
Other Revenue
8050/0000
Ground Rent
P&L
Other Revenue
8060/0000
Locker Rent
P&L
Other Revenue
9010/0000
Rent And Rates
P&L
Expenditure
9020/0000
P&L
Expenditure
9030/0000
Affiliation Subscription
P&L
Expenditure
9040/0000
Water & Electricity
P&L
Expenditure
9050/0000
Salaries & Wages
P&L
Expenditure
9060/0000
Lighting
P&L
Expenditure
9070/0000
Prizes
P&L
Expenditure
9080/0000
Sundry Expenses
P&L
Expenditure
9090/0000
Telephone Charges
P&L
Expenditure
9100/0000
Office Maintenance
P&L
Expenditure
9110/0000
Depreciation
P&L
Expenditure
Classified As
Page
51

Million Accounting Workbook With GST PDF

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Million Accounting Workbook With GST PDF

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A Step-by-Step Million Accounting Workbook

This workbook is designed according to the latest version of MILLION

All rights reserved. No part of this publication may be reproduced, stored in a

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

Microsoft Windows XP or later

Approximately 1GB of available hard-disk space

Super VGA (1024 X 768) or higher-resolution video adapter or

Mouse or compatible pointing devices

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

- Setting Company Profile

- Open Item Debtor & Creditor

- Non Profit Organization Account

10. Answers for Assignments

- Sample Chart of accounts

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

Set up Company Profile

Create Chart of Accounts

Debtor and Creditor File Maintenance

Be able to differentiate between Single and Fast Entry at GL Transaction

Learn the correct way to backup your directory

Edit Chart of Accounts

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

: Sunrise Trading Sdn Bhd

Set the format type for the accounts codes:

1. Create the following Chart of Account Numbers:

2. Add the following Debtors:

3. Add the following Creditors:

A Step-by-Step Million Accounting Workbook

Create the following batches:

Add the following Credit Sales Transactions

Sales to Maya Plastic Trading

Add the following Bank Transactions

Add the following Credit Purchases Transactions

Add the following Cash Transactions

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

Add the following Receive Transactions.

Received Payment from Maya

10. Add the following Payment Transactions.

Paid to Time Dotcom Sdn Bhd

11. Add the following Credit Note to Journal

12. View the following Reports:

A Step-by-Step Million Accounting Workbook

Maintain Company Profile

Generate Sample Chart of Accounts

Enter Foreign Currency transaction

Cash Book entry

Maintain Closing Stock Value

Post Dated Cheque

Year End Processing

Copyright of Million Software Sdn Bhd

A Step-by-Step Million Accounting Workbook

: Wong Long Sdn Bhd

Actual Starting Date

Set the format type for the accounts codes:

Create a Sample Chart Of Account

2. Maintain Debtors Accounts

Currency Rate: 2.30 *

Copyright of Million Software Sdn Bhd