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  • Assignment 7 - Financials

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    payos manuel
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    The Accounting Manager asked the Accounting Staff to create a draft journal entry for transactions to be paid from the bank account. However, the staff created a permanent file instead of a draft. The Accounting Manager reversed the entry and taught the staff how to make a draft, and the staff then made a draft but incorrectly used petty cash as the payment method. The Accounting Manager then posted the correct draft journal entry.

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    The Accounting Manager asked the Accounting Staff to create a draft journal entry for transactions to be paid from the bank account. However, the staff created a permanent file instead of a draft. The Accounting Manager reversed the entry and taught the staff how to make a draft, and the staff then made a draft but incorrectly used petty cash as the payment method. The Accounting Manager then posted the correct draft journal entry.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views2 pages

    Assignment 7 - Financials

    Uploaded by

    payos manuel
    The Accounting Manager asked the Accounting Staff to create a draft journal entry for transactions to be paid from the bank account. However, the staff created a permanent file instead of a draft. The Accounting Manager reversed the entry and taught the staff how to make a draft, and the staff then made a draft but incorrectly used petty cash as the payment method. The Accounting Manager then posted the correct draft journal entry.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    Assignment 7 - Financials

    Joshua Manuel B. Payos


    BFAC01

    1. Manual Journal Entry (10)

    2. Journal Vouchers (5)


    PART II
    1. The Accounting Manager asked the Accounting Staff to create a draft of the following

    transactions which will be paid using bank account. However, the Accounting Staff created a

    permanent file instead of a draft

    2. The Accounting Manager noticed what the Accounting Staff did so he instead reversed the

    Journal Entry then taught the Accounting Staff how to create a draft. This time, the Accounting

    Staff did created a draft but used Petty Cash as the mode payment.

    4. The Accounting Manager then posted the draft.

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