ABSS Qualification Test

SINGLE CURRENCY (ABSS Accounting v25)

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Code: L1-190102-DO-01-BS
Effective from 3 Jan 2019

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 ABSS Qualification Test
Single Currency (ABSS Accounting v25)

ABSS Qualification Test Single Currency

Instructions to Participants:

1. You will have 2 hours to complete the test. Answer all questions in the test.

2. Please check that you have ABSS Accounting v25 on your computer. If you
do not see it, please inform the invigilator for assistance.

3. You are NOT allowed to bring any diskettes or paper into the examination
room.

4. You must create new folder on hard disk. Please save your .MYO, backup
folder, and report folder in this folder and the folder will be collected from
hard disk at the end of the examination.

5. In the event of any unforseen circumstances e.g. electricity blackout or

computer failure that prohibits you from continuing with the examination,
and such event is not the cause of your own action(s), you will be allocated
extra time to complete the examination at the discretion of the invigilator.
(This is to ensure consistency with all the other instructions, which are
expressed in the first person).

6. If you should encounter any technical difficulties with the computer during
the examination, please inform the invigilator for assistance.

7. Non-programmable electronic calculators are allowed for this examination.

8. You are not allowed to communicate with other examination candidates

throughout the examination.

9. You are NOT allowed to leave the examination room without the permission
of the invigilator.

10. The assignment and any used or unused paper, must be returned to the
invigilator at the end of the examination.

11. Total questions 13 with total score 100 points.

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
The Case Study
Based the fact given, you are required to:
1. Setup the Company data file : [2 marks]

Mrs. Eli is the owner of the company “ELSS BRIDAL”.

As Bicycle Dealer business type. Established in 2010, Elss Bridal buy and sale many kind
of dresses and head pices.

Mrs. Eli decided to use ABSS Accounting v25 software for preparing her company 1
January to 31 December 2018 Financial Year Reports and prefer to use the 13th
accounting period for the audit trial adjustment.

Please use one of the account list provided by ABSS Accounting v25.
So you don’t need to set up the account list completely.

Setup the following information:

Company Address : Jalan Raya Dharmahusada 126 Surabaya
Tel : 031 – 532 6060
Fax : 031 – 532 5050
Email : cs@elssbridal.com
[2 marks]
The following preferences option must be activated:
 System Preferences : Tick the option for “Warn if Jobs Are Not Assigned
to All Transaction [System-Wide]”
 Windows Preferences : Untick option for “Automatically Check Spelling in
Text Fields Before Recording Transaction”
 Sales Preferences : Tick the option for : “Warn for Duplicate Invoices
Numbers on Recorded Sales”
 Purchases Preferences : Tick the option for : “Warn for Duplicate
Purchase Orders Numbers on Recorded
Purchases”
 Security Preferences : Click User IDs to add new User ID as your Name.

Log-off (exit) from ABSS – no backup is required, and then login to ABSS data file
created with your user name.

2. Setup the List below:

Setup the following Account List [2 marks]

- The Company don’t use the following account codes anymore :

 1-2120 Payroll Cheque Account
 1-2130 Cash Drawer
 1-2210 Less Prov’n for Doubtful Debts

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
- The Company changes some accounts as follows :
 1-2110 Cheque Account, Change to Bank
 1-2140 Petty Cash, Change to 1-2120

- The Company need to add the following accounts :

 2-2340 VAT Clearing

Delete all Tax Codes except N-T (Non Taxable). Setup the Tax Code List as VAT
(Value Added Tax), Tax Type: Goods & Services Tax, Rate: 10%. [1 marks]

Setup the Job List : PD for Product & SV for Service. [1 marks]

Setup the Categories List : SBY for Surabaya, JKT for Jakarta, MDN for Medan
[1 marks]

Setup the following Cards List: [1 marks]

Customer GUNAWAN SIMANJUTAK MAWAR
Supplier LA SPOSA TINARA BRIDES VARITI CO
Employee INCES VIA -
Last Name : <Your Name>
Address : <Your Place, Date of Birth>
Personal
Phone #1 : <Your Phone Number>
Email : <Your Email Address>

Setup the Items List as follows: [2 marks]

Item No. FD MI PN RC

PLESHEY
Item Name FAITH DRESS MONICA IVENA ROSE CROWN
NECKLACE

Selling Price Rp1,999,000.- Rp5,499,000.- Rp269,900.- Rp499,000.-

Tax Code
When N-T N-T N-T N-T
Bought/Sold
Selling Unit of
Pcs Pcs Pcs Pcs
Measure

I Buy This 5-1100 Dress 5-1100 Dress 5-1400 Accessory 5-1400 Accessory
Item Purchase Purchase Purchase Purchase
I Sell This 4-1100 Dress 4-1100 Dress 4-1400 Accessory 4-1400 Accessory
Item Sales Sales Sales Sales

I Inventory 1-2340 1-2340

1-2310 Dresses 1-2310 Dresses
This Item Accessories Accessories

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
3. Setup Account Opening Balance information as of 01 January 2018: [2 marks]

Setup the customer ending balance as 31 Dec 2017: [2 marks]

Customer Name GUNAWAN SIMANJUTAK MAWAR

Total Rp23,529,000 Inc. VAT Rp71,178,800 Inc. VAT Rp21,740,510 Inc. VAT
Invoice# CB-17001 CB-17002 CB-17003
Cust. PO# GW-170001 SJ-170001 MW-170001
Category SBY JKT MDN

Setup the supplier ending balance as 31 Dec 2017: [2 marks]

Supplier Name LA SPOSA TINARA BRIDES VARITI CO
Total Rp14,213,100 Inc. VAT Rp42,619,500 Inc. VAT Rp9,017,580 Inc. VAT
PO# SB-17001 SB-17002 SB-17003
Supp. Inv# LS-170001 TB-170001 VC-170001
Category SBY JKT MDN

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
Setup the following inventory opening balance as 01 January 2018 [Journal#: I-180001]
[Category: SBY]: [2 marks]
Item No. Item Name Qty Unit Cost Account#
FD FAITH DRESS 19 Pcs Rp1,699,150.- 1-2310
MI MONICA IVENA 11 Pcs Rp4,674,150.- 1-2310
PN PLESHEY NECKLACE 7 Pcs Rp229,415.- 1-2340
RC ROSE CROWN 10 Pcs Rp424,150.- 1-2340

4. The following transactions are made in January 2018. Record these transactions in ABSS
according to the dates and details given below.
02 A purchase was raised to purchase the following inventory item from main POINT
Jan supplier, TINARA BRIDES, with Net 25 credit terms. (PO#:P-180001, Inv#:TB- [4 marks]
2018 180001). Bill and goods was received.
 Received 6 Pcs of FAITH DRESS (FD) for Rp1,699,150.-/Pcs (Job : PD) (Exclude
10% VAT).
 Received 4 Pcs of MONICA IVENA (MI) for Rp4,674,150/Pcs (Job: PD) (Exclude
10% VAT). [Category : JKT]

04 Raised purchase service to LA SPOSA for Advertising (Acc#: 6-3100) POINT

Jan Rp9.541,510.- (Include 10% VAT), with COD terms. (PO#: P-180002, Supplier [4 marks]
2018 Inv#: LS-180001). Bill was received. [Job: SV] [Category: SBY]

Payment to LA SPOSA from Bank [Cheque#: D-180001] with total amount

[4 marks]
Rp14,213,100 for bill 31 Dec 2017 and Rp9.541,510.- for bill 04 Jan 2018.

08 Return 1 Pcs of MONICA IVENA (MI) for Rp4,674,150/Pcs (Exclude 10% VAT) to POINT
Jan TINARA BRIDES (PO#: DN180101, Supplier Inv#: TB-180001) (Job: PD). Edit [2 marks]
2018 Journal Memo with "Purchase Return; TINARA BRIDES". [Category : JKT]
[2 marks]
Immediatelly applied the Return-Debit note to Trade Creditor balance for TINARA
BRIDES [ID#: DN180101] for bill on 02 Jan 2018.

11 Raised sale services to MAWAR for Sewing Service as Miscellaneous Income POINT
Jan (Acc#: 4-8000) for Rp2,365,000 (Include 10% VAT) on Net 10 term (Inv#: S- [4 marks]
2018 180001, Cust PO#: MW-180001). Invoice was delivered. [Job: SV] [Salesperson :
VIA] [Category : MDN]

15 Sold the following items to SIMANJUTAK on Net 25 days term (Inv#: S-180002, POINT
Jan Cust PO#: SJ-180001). All the goods & Invoices was Received: [4 marks]
2018  Ship 8 Pcs of FAITH DRESS (FD) Rp2,298,850/Pcs (Exclude 10% VAT)
[Job : PD]
 Ship 5 Pcs of MONICA IVENA (MI) Rp6,323,850/Pcs (Exclude 10% VAT)
[Job : PD]
 Ship 5 Pcs of ROSE CROWN (RC) Rp573,850/Pcs (Exclude 10% VAT) [Job : PD]
[Salesperson : INCES] [Category : JKT]

Received payment from SIMANJUTAK deposit to Bank with total amount

Rp71,178,800.- for invoice on 31 Dec 2017 and Rp58,167,230.- for invoice on [4 marks]
15 Jan 2018 [ID#: R-180001].

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
19 Issued Return-Credit Notes to SIMANJUTAK Rp2,586,921.- as Discounts Given POINT
Jan (Acc#: 5-3000) (Inv#: CN180101, Cust PO#: SJ-180001) and edit Journal Memo [2 marks]
2018 with "Sale Discount: SIMANJUTAK". [Job: SV] [Category: JKT] [Salesperson:
INCES]

Immediatly Pay Refund [Cheque#: D-180002] for the Rp2,586,921.- Discount- [2 marks]
Credit Notes to SIMANJUTAK from Bank.

25 Use Spend Money, payment made from Petty Cash (Acc#:1-2120) Rp910,000.- as POINT
Jan Water (Acc#: 6-4600). [Cheque#: D-180002] [Category: SBY] [4 marks]
2018
30 Receive Money for total Rp268,400.- to Bank, for Rp286,400.- as Interest POINT
Jan Income (Acc#: 8-1000) with Rp18,000.- Bank Charges (Acc#: 6-1200) [ID#: R- [4 marks]
2018 180002] [Category: SBY]

5. Perform Bank Reconciliation for Bank the Bank Statement shows a balance [4 marks]
Rp288,692,999.- on 31 Jan 2018.

6. Prepare journal entry to record the depreciation on 31 Jan 2018, for the [4 marks]
following asset categories [GJ#:G-180001] [Category : SBY] :
 Building Rp800,000.-

Save as Monthly Recurring Transaction start from 28 Feb 2018 for those journal
then use the recurring to record depreciation journal for 28 Feb 2018 [GJ#:G-
180003] [Category : SBY]
Prepare a journal entry to record the VAT Clearing journal on 31 Jan 2018 [4 marks]
[GJ#:G-180002] for Dec 2017. [Category : SBY]

7. On 31 Jan 2018, prepare adjust inventory to record Inventory Lost [IJ#:I- [4 marks]
180002] [Category : SBY] for:
1 Pcs of MONICA IVENA (MI) Rp5,735,300.- [Job: PD] as 5-1100 Dress
Purchase

8. Generate the following financial reports at 1 January – 31 January 2018 to PDF [4 marks]
file format, save in REPORTS folder :
 Account Transaction [Accrual]
 Standard Balance Sheet
 Income Statement (Profit & Loss)
 Cash Disbursements
 Cash Receipts
 Reconciliation Report

9. From Security Preference, Lock the Accounting period for 1 Feb 2018. BACKUP [4 marks]
your ABSS Company Data File (ONLY), Check Company File for Error and Save
the ABSS Company data backup file name as Your Name in Backup folder.

10. From Company Data Auditor – Transaction Review for 1 Jan 2018 to 31 Jan [4 marks]
2018, there is a “?” mark for Scan for Future Dated Transaction. Display it and
send to PDF, save in REPORTS folder.

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)

11. Delete all related transaction on 08 Jan 2018. [4 marks]

12. Edit the Recurring Transaction Template of Fixed Assets Depreciation for [4 marks]
Building to Rp880,000.- per month.
13. Generate and modify the report fields of Category Balance Sheet for Surabaya [4 marks]
report like the sample below and then save as PDF Format.

~End of Assignment~

PT. NET21PLUS
Menara Karya, Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel. : 021-5789 5812 | Fax. : 021-5789 5888
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id