Assessment Details
Qualification Code/Title
Assessment Type Assessment -02 ( Project) Time allowed
Due Date Location AHIC Term / Year
Unit of Competency
National Code/Title FNSACC301 Process financial transactions and extract interim reports
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 (Project)
? There are two sections in this assessment.
? 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.
? 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.

Project 1
Complete the deposit slip using the information given.
• The business name is Master Productions Ltd.
• The account number is 456801678-1.
• The deposit is being made by Sally Brown.
• The date is 1 June 2016.
• Cash deposited is made up of 11 x $50, 19 x $20, 36 x $10, 24 x $5, Coin $30.
• Cheques include:
o $220 from Mr Barker’s Commonwealth Bank account at Bow Hill.
o $600 from K West’s National Bank account at Crawford.
o
Front Side of Deposit
Bank of Australia, King William Street Date:
Account Name: Account Number:
Office use only
$100 x
$ 50 x
$ 20 x
$ 10 x
$ 5 x
Coin
Total Signature: Cash Total:
Cheque Total:
Paid in by (name): Number of items:
Total Deposit:
Rear of Deposit
Bank of Australia, King William Street
Drawer Bank Branch Amount

Total Cheques:
Project 2
1. Enter the account for each transaction. Some are already entered.
Date Transaction Amount Account
1 4/3/2016 Filled car with fuel—paid cash 32.80 Motor vehicle expenses
2 5/3/2016 Cash sale 156.99 Sales
3 6/3/2016 Invoice sale (R Smith) 1,999.00
4 6/3/2016 Cash sale 1,899.00
5 6/3/2016 Copy paper—paid cash 11.50 Stationery
6 11/3/2016 Filled car with fuel—paid cash 28.50
7 11/3/2016 Cash sale 1,275.00
8 13/3/2016 Copy paper—paid cash 11.50
9 13/3/2016 Invoice sale (W Jones) 3,450.00
10 17/3/2016 Filled car with fuel—paid cash 31.75
11 19/3/2016 Cash sale 64.99
12 20/3/2016 Rent—paid cash 350.00 Rent
13 25/3/2016 Filled car with fuel—paid cash 18.25
14 26/3/2016 Cash sale 1,999.00
15 28/3/2016 Interest received 1.89 Interest
16 28/3/2016 Payment received for invoice sale 3,450.00
2. Enter the transactions using T accounts and complete the T account totals.
Cash
Debit Credit
Date Ref Amount Date Ref Amount

Motor Vehicle Expenses
Debit Credit
Date Ref Amount Date Ref Amount

Sales
Debit Credit
Date Ref Amount Date Ref Amount

Accounts Receivable
Debit Credit
Date Ref Amount Date Ref Amount

Stationery Expenses
Debit Credit
Date Ref Amount Date Ref Amount

Rent Expenses
Debit Credit
Date Ref Amount Date Ref Amount

Interest Received Revenue
Debit Credit
Date Ref Amount Date Ref Amount

3. Prepare the general ledger entries using the worksheet.
General ledger
Date Docket Details Post Ref Debit Credit
4/3/2016 GJ-1-1
5/3/2016 GJ-1-2
6/3/2016 GJ-1-3
6/3/2016 GJ-1-4
6/3/2016 GJ-1-5
11/3/2016 GJ-1-6
11/3/2016 GJ-1-7
13/3/2016 GJ-1-8
13/3/2016 GJ-1-9
17/3/2016 GJ-1-10
19/3/2016 GJ-1-11
Cash sale
20/3/2016 GJ-1-12
25/3/2016 GJ-1-13
26/3/2016 GJ-1-14
28/3/2016 GJ-1-15
28/3/2016 GJ-1-16
Debtors ledger
R Smith
Date Docket Details Post Ref Debit Credit Balance
1/3/2016 Opening Balance 0.00
6/3/2016
31/3/2016 Closing Balance
W Jones
Date Docket Details Post Ref Debit Credit Balance
1/3/2016 Opening Balance 0.00
13/3/2016
28/3/2016
31/3/2016 Closing Balance
Trade Debtor’s Schedule
Opening Balance 0.00

Closing Balance
4. Prepare a trial balance for the accounts.
Trial Balance
Account DR$ CR$
Cash
Motor Vehicle Expenses
Sales
Accounts Receivable
Stationery
Rent
Interest Received