01 financials - 2 exercises.docVIP

Journal Entries - Exercises  Unit: Financials Topic: Journal Entries At the conclusion of this exercise, you will be able to: Make G/L postings manually Carry out account queries Post service invoices Reverse documents in the general ledger Make a posting in a foreign currency Most transactions recorded in the general ledger are integrated transactions. At the same time, the accounting department must be able to make manual adjustments in the general ledger. 2-1 Make a journal entry without VAT.You want to transfer money from a different bank account to your new account at the National Bank. Post a bank transfer with a value of 10,000.- to the bank account you created with the number NBank1. Use an existing bank account as an offsetting account.Enter Bank Transfer as the posting text. 2-2 Make a journal entry with VAT.A colleague has purchased photocopying paper at a value of 100.- plus VAT. When she presents the receipt, she is reimbursed from your cash on hand. Post the office supplies expenses plus the VAT. Use a suitable expense account (office stationery or similar) and a cash on hand account from your chart of accounts. Use one of the predefined tax codes. 2-3 Check whether the postings have been made correctly.Check whether the postings have been made correctly. 2-3-1 Check the balance of the NBank1 account, the cash on hand account, and the account for office stationery. 2-3-2 Starting from the balance display, navigate into the journal entries again. 2-4 Post service invoice.The vendor S1008 has sent you an invoice for 5,000.- plus VAT for designing your new Web homepage. The invoice number is 8888.Post the A/P invoice as a service with the description Homepage Design. Use the Internet expense account as the offsetting account. Enter the invoice number in the document header data (Vend.Ref.No. field). If the Internet account does not appear in the selection list, ensure that the account type is Expenditure. 2-5 Query the vendor