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Task 2

As an accounting technician it is important that you are able to process payments correctly. Enter the following payments into the cashbook below.


1st January	Cheque 456	£30.00	Payment to supplier
3rd January	By DD	£45.00	Scottish County Council
7th January	BACS	£549.72	Wages payment
10th January	Cheque 457	£266.99	Payment to supplier
12th January	Cheque 458	£75.00	Private drawings by owner
14th January	BACS	£549.72	Wages payment

(EXTRACT FROM CASH BOOK)

PAYMENTS

Date	Details	Payment type	Total £	Suppliers £	Wages £	Rates £	Other £







TOTAL

Task 3

Jo Smith started in business on 1st April 2010. In the first month of business the following transactions occurred. Complete the ledger accounts to reflect this information. Balance off each account and clearly show the balance brought down.

1st	Jo opened a business bank account with £3000 of her own money and introduced a van valued at £1500
2nd	The business purchased goods for resale and paid a cheque for £750
4th	Sales of £1200 were made to GS Ltd, half in cash and half on credit
5th	Rent of £325 was paid by cheque
8th	Jo took drawings of £75
9th	Jo purchased goods for resale from FM Wholesalers Ltd, of £995 on credit
16th	Sales of £1800 were made to GS Ltd, all on credit
20th	Jo wrote out a cheque of £39 for petrol for the delivery van
22nd	Cheque received from GS Ltd for £600
25th	Jo opened a high interest savings account for the business. She transferred £1500 from the current bank account.
28th	A cheque payment of £500 was sent to FM Wholesalers
30th	Jo took drawings of £75

DR	Bank				CR
Date	Details	£	Date	Details	£

DR	Capital				CR
Date	Details	£	Date	Details	£

DR	Purchases				CR
Date	Details	£	Date	Details	£

DR	Van				CR
Date	Details	£	Date	Details	£

DR	Sales				CR
Date	Details	£	Date	Details	£

DR	GS Ltd				CR
Date	Details	£	Date	Details	£

DR	Rent				CR
Date	Details	£	Date	Details	£

DR	Drawings				CR
Date	Details	£	Date	Details	£

DR	Wholesalers				CR
Date	Details	£	Date	Details	£

DR	Petrol				CR
Date	Details	£	Date	Details	£

DR	High Interest Sales Account				CR
Date	Details	£	Date	Details	£

Task 4

Use the balances from above to complete the trail balance below:

TRIAL BALANCE
	DR	CR
Bank
Capital
Purchases
Van
Sales
GS Limited
Rent
Drawings
FM Wholesalers
Petrol
High Interest Savings Account
Total

Task 8

A company has 3 cost centres: production, administration and canteen, for which the cost codes are:

	10	Production
	20	Administration
	30	Canteen
costs are further analysed:
	40	Direct Cost
	50	Indirect Cost
and also:
	60	Materials
	70	Labour
	80	Expenses

As an example, the wages for the administration staff would be 205070. Your task is to code the following expenses:

	CODE
Gross wages paid to production employees
Gross wages paid to the managing director
Payment made to the maintenance company for their staff to clean and service the machines
The bonus payment to production staff for managing to fulfil record number of orders
The cost of wood to make the goods
The cost of the packaging in which the goods will be displayed
The cost of the wood adhesive used in the manufacturing process
The cost of the paper for the photocopier in the administration ofice
The insurance cost on the production machines
The cost of an advertisement in the national newspapers
The canteen staff wages
The cost of the food for the canteen

Please take careful note of the following points:

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