ABSS Qualification Test

MULTI CURRENCY (MYOB Premier v19)

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Code: L2-180701-PU-01-CT
Effective from 01 Jul 2018

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 ABSS Qualification Test
Multi Currency (MYOB Premier v19)

ABSS Qualification Test Multi 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 MYOB Premier v19 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 KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
The Case Study
Based the fact given, you are required to:
1. Setup the Company data file :

Mrs. Surya is the owner of the company “SURYA CATERING”.

As Catering Business business type. Surya Catering is a new catering business in
Yogykarta & Solo.

Mrs. Surya decided to use MYOB Premier v19 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 : Jl. Rajawali No 3A, Sleman, Yogyakarta
Tel : 0274-3227 280
Fax : 0274-3227 290
Email : suryacatering@webmail.com
The following preferences option must be activated:
 System Preferences : Tick the option for “I Deal in Multiple Currencies
[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 currencies below:

Currency Code Currency Name Exchange Rate Currency Symbol

IDR Rupiah 1,000000 Rp
USD United States Dollars 13,542.00 US$
SGD Sin Dollars 10,143.00 S$

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
Setup the following Account List
- 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
- The Company changes some accounts as follows :
 1-2110 Cheque Account, change to Cash (IDR)
 1-2140 Petty Cash, change to Bank (IDR)
 1-2160 Undeposited Funds, change to 1-3170 Undeposited Cheque
 1-2200 Trade Debtors, change to Trade Debtors (IDR)
 2-2200 Trade Creditors, change to Trade Creditors (IDR)
 2-2300 GST Liabilities, change to VAT Liabilities
 2-2310 GST Collected, change to VAT Collected
 2-2330 GST Paid, change to VAT Paid
- The Company need to add the following accounts :
Acct# Account Type Header/ Level
1-2120 Cash (USD) Bank Detail 4
1-2121 Cash (USD) Exchange Bank Detail 4
1-2130 Cash (SGD) Bank Detail 4
1-2131 Cash (SGD) Exchange Bank Detail 4
1-2150 Bank (USD) Bank Detail 4
1-2151 Bank (USD) Exchange Bank Detail 4
1-2160 Bank (SGD) Bank Detail 4
1-2161 Bank (SGD) Exchange Bank Detail 4
1-2210 Trade Debtors (USD) Accounts Receivable Detail 3
1-2211 Trade Debtors (USD) Exchange Accounts Receivable Detail 3
1-2220 Trade Debtors (SGD) Accounts Receivable Detail 3
1-2221 Trade Debtors (SGD) Exchange Accounts Receivable Detail 3
2-2220 Trade Creditors (USD) Accounts Payable Detail 3
2-2221 Trade Creditors (USD) Exchange Accounts Payable Detail 3
2-2230 Trade Creditors (SGD) Accounts Payable Detail 3
2-2231 Trade Creditors (SGD) Exchange Accounts Payable Detail 3
2-2340 VAT Clearing Other Liability Detail 4
8-2000 Forex Gain (Loss) Other Income Header 2
8-2100 Realised Gain (Loss) Forex Other Income Detail 3
8-2200 Unrealised Gain (Loss) Forex Other Income Detail 3

Setup the linked account below:

 Setup linked account for Accounts & Banking Accounts for 4-9999
Currency Gains/ Losses to 8-2100 Realised Gain (Loss) Forex.
Then Combine Account to remove all transaction from Secondary Account:
4-9999 to Primary Account: 8-2100.
 From Currency List, setup linked account for Local Currency & Foreign
Currency for Receivable Accounts & Payable Accounts.

Setup the Tax Code List as VAT (Value Added Tax), Tax Type: Value Added Tax,
Rate: 10%.
Setup the Job List : FB for Foods & Beverages, RT for Rental.
Setup the Categories List : YOG for Yogya , SOL for Solo.
Edit Price Level Name: Level A : IDR, Level B : USD, Level C : SGD.
PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
Setup the following Cards List:
Customer HOTEL ALANA (USD) GRAHA HARAPAN (SGD) CASH CUSTOMER (IDR)
ijdjdjmncnpppppp,,,,H(99
Supplier LOTTE GROSIR (USD) PT. BOGARAYA (SGD) PT. JAYA PRIMA (IDR)
Employee SURYA ANITA -

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:

Item No. MK MN MR

Item Name MAKANAN MINUMAN MAKANAN RINGAN

IDR : Rp50,000 IDR : Rp15,000 IDR : Rp5,000

Selling Price USD : US$6 USD : U$$3 USD : US$2
SGD: S$7 SGD: S$4 SGD: S$3
Tax Code
When N-T N-T N-T
Bought/Sold
Selling Unit of
Pax Pax Pcs
Measure

5-1000 Food 5-1100 Beverage 5-1000 Food

I Buy This Item
Purchases Purchases Purchases

4-3000 Catering 4-2000 Beverages

I Sell This Item 4-1000 Food Sales
Fees Sales

I Inventory
1-2300 Inventory 1-2300 Inventory 1-2300 Inventory
This Item

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
3. Setup Account Opening Balance information as of 01 January 2018:
Balance Sheet
01/01/2018

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
Setup the customer ending balance as 31 Dec 2017:

Customer Name HOTEL ALANA GRAHA HARAPAN

Total US$110 Inc. VAT S$220 Inc. VAT
Invoice# S-170001 S-170002
Cust. PO# SH-170001 SG-170001
Category YOG SOL

Setup the supplier ending balance as 31 Dec 2017:

Supplier Name LOTTE GROSIR PT. BOGARAYA
Total US$110 Inc. VAT S$440 Inc. VAT
PO# P-170001 P-170002
Supp. Inv# SL-170001 SB-170001
Category YOG SOL

Setup the following inventory opening balance as 01 January 2018 [Journal#: I-180001]
[Category: YOG]:
Item No. Item Name Qty Unit Cost Account#
MK MAKANAN 500 Rp 50,000.- 1-2300
MN MINUMAN 500 Rp 15,000.- 1-2300
MR MAKANAN RINGAN 500 Rp 5,000.- 1-2300

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 supplier,
Jan LOTTE GROSIR, with Net 30th days credit terms. (PO#:P-180001, Inv#:SL-180001).
2018 Bill and goods was received.
 Received 1000 Pax of MINUMAN (MN) for US$2/pax (Job: FB) (Exclude 10% VAT).
 Received 1000 Pcs of MAKANAN RINGAN (MR) for US$1/pcs (Job: FB) (Exclude 10%
VAT). [Category : YOG] [Rate: 1US$= Rp 13,542.00.-]

05 Raised purchase service to PT. BOGA RAYA for Freight fee (Acc#: 5-2000) S$77.-
Jan (Include 10% VAT), with COD terms. (PO#: P-180002, Supplier Inv#: SJ-180001). Bill
2018 was received. [Job: RT] [Category: SOL] [Rate: 1S$= Rp 10,101.36.-]

08 Full payment to PT. BOGA RAYA from Cash (IDR) [Cheque#: D-180001] with amount
Jan S$77 for bill 05 Jan 2018 [Rate: 1S$= Rp 10,088.87.-]
2018
09 Return 50 pcs of MAKANAN RINGAN (MR) for US$1/pcs (Exclude 10% VAT) to LOTTE
Jan GROSIR (PO#: P-180003, Supplier Inv#: SL-180001) (Job: FB). Edit Journal Memo
2018 with "Purchase Return; LOTTE GROSIR". [Category : YOG] [Rate: 1US$= Rp
13,428.00.-]

Immediatelly applied the Return-Debit note to Trade Creditor balance for LOTTE
GROSIR [ID#: P-180003] for bill on 02 Jan 2018 ] [Rate: 1US$= Rp 13,428.00.-]

12 Sold the following items to HOTEL ALANA on Net 30th days term (Inv#: S-180001,
Jan Cust PO#: SH-180001). All the goods & Invoices was Received:
2018  Ship 500 Pax of MAKANAN (MK) US$6/pax (Exclude 10% VAT) [Job : FB]
 Ship 500 Pax of MINUMAN (MN) US$3/pax (Exclude 10% VAT) [Job : FB]
 Ship 500 Pcs of MAKANAN RINGAN (MR) US$2/pcs (Exclude 10% VAT) [Job : FB]
[Salesperson : SURYA] [Category : YOG] [Rate: 1US$= Rp 13,362.00.-]

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
15 Raised sale services to GRAHA HARAPAN as Glass Rental (Acct#: 4-4000 Rental
Jan Fees) S$11 (Include 10% VAT), with COD terms. (Inv#: S-180002, Cust PO#: SG-
2018 180001). Bill was sent. [Job: RT] [Salesperson : ANITA] [Category: SOL] [Rate: 1S$=
Rp 10,080.55.-]

16 Full payment of S$11 for invoice on 15 Jan 2018 was received from GRAHA HARAPAN
Jan and deposits to Bank SGD [ID#: R-180001] [Rate: 1S$= Rp 10,085.87.-]
2018
17 Issued Return-Credit Notes to GRAHA HARAPAN S$1 as Discounts Given (Acc#: 6-
Jan 1310) (Inv#: S-180003, Cust PO#: SG-180001) and edit Journal Memo with "Sale
2018 Discount: GRAHA HARAPAN". [Job: RT] [Salesperson: ANITA] [Category: SOL] [Rate:
1S$= Rp 10,090.89.-]

Immediatly Pay Refund [Cheque#: D-180002] for the S$1.-. Discount-Credit Notes to
GRAHA HARAPAN from Bank SGD [Rate: 1S$= Rp 10,090.89.-]

25 Use Spend Money, payment made from Bank IDR (Acc#:1-2140) Rp15,000,000.- as
Jan Wages & Salaries (Acc#: 6-2410). [Cheque#: D-180003] [Category: YOG]
2018
31 Receive Money for total Rp61,000.- to Bank IDR, for Rp71,000.- as Interest Income
Jan (Acc#: 8-1000) with Rp10,000.- Bank Charges (Acc#: 6-1050) [ID#: R-180002]
2018 [Category: YOG]

5. Perform Bank Reconciliation for Bank IDR the Bank Statement shows a balance
Rp60,061,000.00,- on 31 Jan 2018.

6. Prepare journal entry to record the depreciation on 31 Jan 2018, for the following
asset categories [GJ#:G-180001] [Category : YOG] :
 Office Equipment Rp 84,000.-

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 : YOG]
Prepare a journal entry to record the VAT Clearing journal on 31 Jan 2018 [GJ#:G-
180002] for Dec 2017. [Category : YOG]

7. On 31 Jan 2018, prepare adjust inventory to record Inventory Lost [IJ#:I-180002]

[Category : YOG] for:
 100 pcs of Makanan Ringan (MR) @Rp5,000.- [Job: FB] as 5-1000 Food
Purchases

8. Update the Exchange Rate on 31 Jan 2018 [1US$= Rp 13,413.-,1SGD = Rp 10,222.-]

and then prepare a journal entry to record Realised Gains (Losses) [GJ#: G-180004]
and Unrealised Gains (Losses) [GJ#: G-180005] on 31 Jan 2018 and reverse journal
for Unrealised Gains (Losses) [GJ#: G-180006] on 1 Feb 2018 [Category: YOG].

9. Generate the following financial reports at 1 January – 31 January 2018 to PDF file
format, save in REPORTS folder :
 Account Transaction [Accrual]  Cash Disbursements
 Standard Balance Sheet  Cash Receipts
 Profit & Loss [Accrual]  Bank - Reconciliation Report

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id
 ABSS Qualification Test
Multi Currency (MYOB Premier v19)
10. From Security Preference, Lock the Accounting period for 31 Jan 2018. BACKUP
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.

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

12. Delete all related transaction on 09 Jan 2018.

13. Edit the Recurring Transaction Template of Fixed Assets Depreciation for Office
Equipment to Rp85,000.- per month.
14. Generate and modify the report fields of Bank Register for 1-2140 Bank IDR
report like the sample below and then save as PDF Format

PT. NET21PLUS
Menara KADIN Indonesia, Lt. 30, Jl. H.R. Rasuna Said, X-5, Kav. 2-3, Jakarta 12950. Indonesia.
Tel. : 021-5289 1988 | Fax. : 021-5299 4599
E-mail : info@net21plus.co.id | Website : www.net21plus.co.id