Assessment Details
Qualification Code/Title
Assessment Type Assessment -02 ( Project) Time allowed
Due Date Location AHIC Term / Year
Unit of Competency
National Code/Title FNSACC302 Administer subsidiary accounts and ledgers
Student Details
Student Name Student ID
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ____________________________
Date: _____/______/__________
Assessor Details
Assessor’s Name
RESULTS (Please Circle) SATISFACTORY NOT SATISFACTORY
Feedback to student:
............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Signature: _______________________________
Date: ______/_______/___________
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.
Signature: ________________________________________
Date: ______/_______/___________
Instructions to the Candidates
Instructions to the Candidates
? This assessment is to be completed according to the instructions given below in this document.
? Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.
? If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
? Please refer to the College re-submission and re-sit policy for more information.
? If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately.
? To be deemed competent for this unit you must achieve a satisfactory result with tasks of this assessment along with a satisfactory result for the other assessment (Short Questions Answer)
? This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately.
? Student Need to complete All tasks of the project.
? This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the Assessments to your Trainer/ Assessor.
? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero.
EZ Mow is a small lawn mowing business which provides a service to corporate customers. It offers a 30 day account.
Complete Computing and PowerBuild Gymnasium have taken advantage of this facility.
EZ Mow buys its fuel from The Corner Service Station. It uses compost bins supplied by Central Rubbish to dispose of the lawn clippings. Both The Corner Service Station and Central Rubbish offer 30 day accounts.
EZ Mow banks with Wales Banking Group.
Using the invoices and statements:
1. Check the supplier invoices and statements for accuracy.
2. Check the appropriate journal entries against the bank statement.
3. Enter any direct credits into the appropriate ledgers.
4. You wrote the following cheques:
28 Feb 2016 770989 Payment—Central Rubbish 102.00
28 Feb 2016 770990 Payment—Corner Service Station 401.00
5. Enter the supplier invoices into the creditor and general ledger.
6. The fuel and oil will be entered into the general expenses account in the general ledger and the rubbish bins in the cleaning account. Payments are already entered, but you will need to include them when you calculate the closing balance.
7. Create the account payable schedule.
8. Complete the debtor ledger and general ledger journals using the bank statement and EZ Mow invoice. The empty journals are provided for you. They have an opening balance. The payments from last month are entered as well.
9. Create debtor statements for PowerBuild Gymnasium and Complete Computing.
10. Create the account receivable schedule.
Invoices for goods and services received:
Tax Invoice Number 3608
Corner Service Station
cnr Main and Side Street
Adelaide
ph 8123 4567
ABN 88 999 000 222
Supplied to:
EZ Mow
1 Princess Road
Para Hills SA 5096
7 Feb 20xx
Product Description Line Total
ULP95 Unleaded fuel 48.50
2S Two-stroke oil 11.50
Total 60.00
Invoice includes GST of 5.45
Tax Invoice Number 3987
Corner Service Station
cnr Main and Side Street
Adelaide
ph 8123 4567
ABN 88 999 000 222
Supplied to:
EZ Mow
1 Princess Road
Para Hills SA 5096
14 Feb 20xx
Product Description Line Total
ULP95 Unleaded fuel 55.50
2S Two-stroke oil 23.00
Total 78.50
Invoice includes GST of 7.13
Tax Invoice Number 4120
Corner Service Station
cnr Main and Side Street
Adelaide
ph 8123 4567
ABN 88 999 000 222
Supplied to:
EZ Mow
1 Princess Road
Para Hills SA 5096
20 Feb 2016
Product Description Line Total
ULP95 Unleaded fuel 33.90
2S Two-stroke oil 11.50
Total 45.40
Invoice includes GST of 4.12
Tax Invoice Number 4217
Corner Service Station
cnr Main and Side Street
Adelaide
ph 8123 4567
ABN 88 999 000 222
Supplied to:
EZ Mow
1 Princess Road
Para Hills SA 5096
28 Feb 2016
Product Description Line Total
ULP95 Unleaded fuel 39.80
2S Two-stroke oil 11.50
VServ Vehicle Service 165.80
Total 217.10
Invoice includes GST of 19.73
Tax Invoice Number P9875342
Central Rubbish
1167 Lower Road
Woodville SA 5012
ph 8375 5858
ABN 88 753 264 282
Invoice: EZ Mow
1 Princess Road
Para Hills SA 5096
28 Feb 20xx
Product Description Line Total
Pickup Pickup 3 rubbish bins at $34.00 102.00
Invoice includes GST of 9.27
Supplier statements:
Statement
Corner Service Station
cnr Main and Side Street
Adelaide
ph 8123 4567
ABN 88 999 000 222
Supplied to:
EZ Mow
1 Princess Road
Para Hills SA 5096
Period ended: 28 Feb xx
Invoices Payments Balance
1 Feb 16 Opening Balance 253.20
4 Feb 16 Payment received 253.20 0.00
7 Feb 16 3608 Fuel and oil 60.00 60.00
14 Feb 16 3987 Fuel and oil 78.50 138.50
20 Feb 16 4120 Fuel and oil 45.40 186.90
28 Feb 16 4217 Fuel, Oil and Service 217.10 401.00
Current 30 60
401.00 0.00 0.00
Statement
Central Rubbish
1167 Lower Road
Woodville SA 5012
ph 8375 5858
ABN 88 753 264 282
Customer: EZ Mow
1 Princess Road
Para Hills SA 5096
Period ended: 28 Feb 16
Invoices Payments Balance
1 Feb 16 Opening Balance 102.00
4 Feb 16 Payment received 102.00 0.00
28 Feb 16 P9875342 Bin pickups 102.00 102.00
Current 30 60
102.00 0.00 0.00
Customer invoices:
Invoice 105
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
Complete Computing
34 The Boulevard
West Lakes SA 5020
5 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Invoice 106
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
PowerBuild Gymnasium
38-40 The Boulevard
West Lakes SA 5020
5 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Invoice 111
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
Complete Computing
34 The Boulevard
West Lakes SA 5020
12 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Invoice 113
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
PowerBuild Gymnasium
38-40 The Boulevard
West Lakes SA 5020
12 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Invoice 131
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
Complete Computing
34 The Boulevard
West Lakes SA 5020
19 March 2016
Description Line Total
Mowing 156.00
Total 156.00
Invoice 132
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
PowerBuild Gymnasium
38-40 The Boulevard
West Lakes SA 5020
19 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Invoice 147
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Invoice:
PowerBuild Gymnasium
38-40 The Boulevard
West Lakes SA 5020
26 March 2016
Description Line Total
Mowing 78.00
Total 78.00
Bank statement
Wales Bank Statement
March 2016
EZ Mow
1 Princess Road
Para Hills SA 5096
Date Description Debit Credit Balance
1 Mar 16 Opening Balance 29 486.25
3 Mar 16 Direct Deposit PowerBuild Gymnasium 390.00 29 876.25
4 Mar 16 Your Cheque 770989 102.00 29 774.25
4 Mar 16 Your Cheque 770990 401.00 29 373.25
4 Mar 16 Cash and Cheques 468.00 29 841.25
Ledgers
General ledger
General expenses
Date Docket Details Debit Credit Balance
1 Feb 16 Opening Balance 7,250.00
28 Feb 16 Closing Balance
Cleaning
Date Docket Details Debit Credit Balance
1 Feb 16 Opening Balance 1290.00
28 Feb 16 Closing Balance
Trade Creditors
Date Docket Details Debit Credit Balance
1 Feb 16 Opening Balance 0.00
28 Feb 16 Closing Balance
Creditors subsidiary ledger:
Central Rubbish
Date Docket Details Debit Credit Balance
1 Feb 2016 Opening Balance 0.00
28 Feb 2016 Closing Balance
Corner Service Station
Date Docket Details Debit Credit Balance
1 Feb 16 Opening Balance 0.00
28 Feb 16 Closing Balance 0.00
General ledger
Debtors
Date Docket Details Debit Credit Balance
1 Mar 16 Opening Balance 936.00
Sales
Date Docket Details Debit Credit Balance
1 Mar 16 Opening Balance (11 856.00)
Cash at bank
Date Docket Details Debit Credit Balance
1 Mar 16 Opening Balance 29 486.25
Debtors subsidiary ledger:
Complete Computing
Date Docket Details Debit Credit Balance
1 Mar 16 Opening Balance 468.00
4 Mar 16 134R Payment received—Complete Computing 468.00 0.00
PowerBuild Gymnasium
Date Docket Details Debit Credit Balance
1 Mar 16 Opening Balance 390.00
Debtor statements:
Statement
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Customer:
Complete Computing
34 The Boulevard
West Lakes SA 5020
Period ended: 31 March 2011
Date Invoice Description Line Total
1 Mar 16 Opening Balance 468.00
3 Mar 16 134R Payment received—Complete Computing (468.00)
Total 312.00
Current 30 60
Statement
EZ Mow
1 Princess Road
Para Hills SA 5096
0400 111 222
Customer:
PowerBuild Gymnasium
38-40 The Boulevard
West Lakes SA 5020
Period ended: 31 March 2016
Date Invoice Description Line Total
1 Mar 16 Opening Balance 390.00
3 Mar 16 Direct Direct Credit—PowerBuild Gymnasium (390.00)
Total
Current 30 60
Schedules
Trade creditors schedule
Opening Balance 0.00
Closing Balance
Debtor schedule
Opening Balance 0.00
Closing Balance
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