Assignment 1
Due to be submitted on Wednesday 1 April at midday (12 noon) to your tutor’s assignment box on level 3 of H building, Caulfield campus. Please look carefully for the unit code and your tutor’s name on the assignment submission boxes near reception. Avoid submitting to the wrong box!
Instructions:
1. Obtain your individual data sheet from your student email account and save a copy. DO NOT DELETE IT. You will need this data for both Assignment 1 and Assignment 2. Each student’s data is different, so you cannot use another person’s sheet. If you can’t see it in your inbox, check the ‘spam’ folder. The data sheet must be submitted with both Assignment 1 and Assignment 2.
2. Complete the following:
This assignment requires you to establish accounting records for a small business. There are four different business types - a landscaping business, an automotive service business, a consulting firm and a courier business. Even though you may have the same business type as another student, the data (numbers) are different for each student (ie. no two answers will be the same). Instructions specific to your individual business are listed on the data sheet. You must read and follow these specific instructions.
The assignment is to be completed and submitted using templates prepared for you. These Microsoft Word templates are available on Moodle for you to use. Do not attempt to create your own templates. It is recommended that you print a copy of the templates and complete the assignment with paper and pencil. Once you know it balances (is numerically correct), you can then type the data into the word template and print a copy for submission. Preparing a draft copy with pencil and paper will also help you to present the ledger accounts in order. Regularly save the file and keep a backup! You will use the same templates (same file) for Assignment 2 as you continue to record transactions for the same small business.
For Assignment 1, you will need to: