The company makes electrical gear, apparatuses and electrical components. The company needs to total the establishment and upkeep of its computerised bookkeeping framework. The trade will be enrolled for Standard VAT Bookkeeping and will be exchanging on both a credit and cash premise. The company supplies Control Cables and Control Cables, Control Cables are standard evaluated, and Control Cables are zero-rated. The Bookkeeping Director of the company alloted you a assignment to total the trade exercises with clients, providers, resources, liabilities, salaries, and costs account by utilizing Sage Line 50 accounts. Question: a. Discussing the process of adding a new company with an explanation of the nominal accounts for the profit and loss account and the balance is binding and discussing the process of adding and deleting nominal records after that a description of the process of creating a customer and customer account Address list and description of the supplier and supplier account creation process Address list, then discuss the process of entering opening balances with suppliers and customer accounts and discuss the process of entering opening balances in nominal accounts. B. Discussing the process of entering the opening balances in the stock file and discussing how to record the customer’s invoice and correcting the error after how to record the supplier’s invoice and its effects and discussing how to record the supplier’s payments to.
The company makes electrical gear, apparatuses and electrical components. The company needs to total the establishment and upkeep of its computerised bookkeeping framework. The trade will be enrolled for Standard VAT Bookkeeping and will be exchanging on both a credit and cash premise. The company supplies Control Cables and Control Cables, Control Cables are standard evaluated, and Control Cables are zero-rated. The Bookkeeping Director of the company alloted you a assignment to total the trade exercises with clients, providers, resources, liabilities, salaries, and costs account by utilizing Sage Line 50 accounts.
Question:
a. Discussing the process of adding a new company with an explanation of the nominal accounts for the
Address list and description of the supplier and supplier account creation process
Address list, then discuss the process of entering opening balances with suppliers and customer accounts and discuss the process of entering opening balances in nominal accounts.
B. Discussing the process of entering the opening balances in the stock file and discussing how to record the customer’s invoice and correcting the error after how to record the supplier’s invoice and its effects and discussing how to record the supplier’s payments to.
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