ABSS Qualification Test

SINGLE CURRENCY (ABSS Accounting v25)

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Code: L1-200607-AS-01-DS
Effective from 07 Jun 2020

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 ABSS Qualification Test
Single Currency (ABSS Accounting v25)

ABSS Qualification Test Single 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 ABSS Accounting v25 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 Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
The Case Study
Based the fact given, you are required to:
1. Setup the Company data file : [2 marks]

Mrs. Shanon is the owner of the company “HANDYHOUSE”.

As D.I.Y Store business type. Do-it-yourself home projects include replacing faucets,
installing cabinets, painting rooms and replacing doors.

Mrs. Shanon decided to use ABSS Accounting v25 software for preparing her company 1
January to 31 December 2020 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. Pemuda no.33 – 37 Surabaya
Tel : 031 - 5312144
Fax : 031 - 5312145
Email : [email protected]
[2 marks]
The following preferences option must be activated:
• System Preferences : Tick the option for “Warn if Jobs Are Not Assigned
to All Transaction [System-Wide]”
• Windows Preferences : Untick option for “Automatically Check Spelling in
Text Fields Before Recording Transaction
[System-Wide]”
• Sales Preferences : Tick the option for : “Warn for Duplicate Invoice
Numbers on Recorded Sales [System-Wide]”
• Purchases Preferences : Tick the option for : “Warn for Duplicate
Purchase Order Numbers on Recorded Purchases
[System-Wide]”
• 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 following Account List [2 marks]

- The Company don’t use the following account codes anymore :

• 1-3120 Payroll Cheque Account
• 1-3130 Cash Drawer
• 1-3210 Less Prov’n for Doubtful Debts

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)

- The Company changes some accounts as follows :

• 1-3110 Cheque Account, change to Bank
• 1-3140 Petty Cash, change to 1-3120

- The Company need to add the following accounts :

• 2-2340 VAT Clearing

Setup the Tax Code List for VAT (Value Added Tax), Tax Type: Value Added Tax with
Rate: 10%. [1 marks]

Setup the Job List : PD for Product & SV for Service. [1 marks]

Setup the Categories List : SBY for Surabaya, BGL for Bengkulu, JKT for Jakarta
[1 marks]

Setup the following Cards List: [1 marks]

Customer HAI CHEW RIGHT TOOLS JOHONG HARDWARE
Supplier BRANDON HARDWARE SELFFIX DIY Mr. DIY
Employee HANUM ANDREW -
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: [2 marks]

Item No. PA HT BK LF
LOCKS &
POWER TOOLS & BATHROOM &
Item Name HAND TOOLS FURNITURE
ACCESSORIES KITCHEN
FITTINGS

Selling Price Rp1,890,000.- Rp999,000.- Rp2,543,000.- Rp1,679,000.-

Tax Code
When N-T N-T N-T N-T
Bought/Sold
Selling Unit of
Unit Unit Unit Unit
Measure

5-1100 Hardware 5-1100 Hardware 5-1100 Hardware 5-1100 Hardware

I Buy This Item
Purchases Purchases Purchases Purchases
4-1100 Hardware 4-1100 Hardware 4-1100 Hardware 4-1100 Hardware
I Sell This Item
Sales Sales Sales Sales
1-3300 1-3300 1-3300 1-3300
I Inventory
Merchandise Merchandise Merchandise Merchandise
This Item
Inventory Inventory Inventory Inventory

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
3. Setup Account Opening Balance information as of 01 January 2020: [2 marks]

Setup the customer ending balance as 31 Dec 2019: [2 marks]

Customer Name HAI CHEW RIGHT TOOLS JOHONG HARDWARE

Total Rp3,960,000.- Inc. VAT Rp6,050,000.- Inc. VAT Rp1,123,100.- Inc. VAT
Invoice# SJ19-001 SJ19-002 SJ19-003
Cust. PO# HC19-001 RT19-001 JH19-001
Category SBY BGL JKT

Setup the supplier ending balance as 31 Dec 2019: [2 marks]

Supplier Name BRANDON HARDWARE SELFFIX DIY Mr. DIY
Total Rp4,455,000.- Inc. VAT Rp5,637,500.- Inc. VAT Rp2,392,500.- Inc. VAT
PO# PJ19-001 PJ19-002 PJ19-003
Supp. Inv# BH19-001 SD19-001 MD19-001
Category SBY BGL JKT

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
Setup the following inventory opening balance as 01 January 2020 [Journal#: IJ20-001]
[Category: SBY]: [2 marks]
Item No. Item Name Qty Unit Cost Account#
BK BATHROOM & KITCHEN 5 Units Rp1,857,500.- 1-3300
HT HAND TOOLS 13 Units Rp 825,000.- 1-3300
LF LOCKS & FURNITURE FITTINGS 7 Units Rp1,199,900.- 1-3300
PA POWER TOOLS & ACCESSORIES 6 Units Rp1,220,000.- 1-3300

4. The following transactions are made in January 2020. Record these transactions in ABSS
according to the dates and details given below.

03 A purchase was raised to purchase the following inventory item from main POINT
Jan supplier, SELFFIX DIY, with Net 28 credit terms. (PO#:PJ20-001, Inv#:SD20-001). [4 marks]
2020 Bill and goods was received.
• Received 7 Units of BATHROOM & KITCHEN (BK) for Rp1,857,500.-/Unit (Job :
PD) (Exclude 10% VAT).
• Received 5 Units of LOCKS & FURNITURE FITTINGS (LF) for Rp1,199,900.-/Unit
(Job : PD) (Exclude 10% VAT). [Category : BGL]

04 Raised purchase service to Mr. DIY for Plumbing Purchases (Acc#:5-1150) POINT
Jan Rp3,699,850.- (Include 10% VAT), with COD terms. (PO#: PJ20-002, Supplier [4 marks]
2020 Inv#: MD20-001). Bill was received. [Job: SV] [Category: JKT]

Payment to Mr. DIY from Petty Cash [Cheque#: CD20-001] with total amount
[4 marks]
Rp6,092,350.- with the following details Rp 2,392,500.- for bill 31 Dec 2019 and
Rp3,699,850.- for bill 04 Jan 2020.

08 Return 2 units of BATHROOM & KITCHEN (BK) for Rp1,857,500.-/unit (Exclude POINT
Jan 10% VAT) to SELFFIX DIY (PO#: PD20-001, Supplier Inv#: SD20-001) (Job: PD). [2 marks]
2020 Edit Journal Memo with "Purchase Return; SELFFIX DIY". [Category : BGL]
[2 marks]
Immediately applied the Return-Debit Note to Trade Creditor balance for
SELFFIX DIY [ID#: PD20-001] for bill on 03 Jan 2020.

10 Raised sale services to JOHONG HARDWARE for Plumbing Sales (Acc#: 4-1150) POINT
Jan Rp1,810,270.- (Include 10% VAT) on Net 23rd credit terms (Inv#: SJ20-001, Cust [4 marks]
2020 PO#: JH20-001). Invoice was delivered. [Job: SV] [Salesperson : HANUM]
[Category : JKT]

15 Sold the following items to HAI CHEW on COD terms (Inv#: SJ20-002, Cust PO#: POINT
Jan HC20-001). All the goods & Invoices was Received: [4 marks]
2020 • Ship 7 Units of BATHROOM & KITCHEN (BK) Rp2,543,000.-/unit (Exclude 10%
VAT) [Job : PD]
• Ship 11 Units of HAND TOOLS (HT) Rp999,000.-/unit (Exclude 10% VAT) [Job :
PD]
• Ship 3 Units of POWER TOOLS & ACCESSORIES (PA) Rp1,890,000.-/unit
(Exclude 10% VAT) [Job : PD] [Salesperson : ANDREW] [Category : SBY]

Full payment of Rp37,906,000.- for invoice on 15 Jan 2020 was received from [4 marks]
HAI CHEW deposit to Bank [ID#: CR20-001].

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
19 Issued Discount-Credit Notes to HAI CHEW Rp110,000.- as Discounts Given POINT
Jan (Acc#: 5-3000) (Inv#: SC20-001, Cust PO#: HC-190001) and edit Journal Memo [2 marks]
2020 with "Sale Discount: HAI CHEW". [Job: SV] [Category: SBY] [Salesperson:
ANDREW]

Immediately Pay Refund [Cheque#: SC20-001] for the Rp110,000.- Discount- [2 marks]
Credit Notes to HAI CHEW from Petty Cash.

25 Use Spend Money, transfer Rp6,202,350.- from Bank (Acc#:1-2110) to Petty POINT
Jan Cash (Acc#:1-2120). [Cheque#: CD20-002] [Category: SBY] [4 marks]
2020
29 Receive Money for total Rp827,900.- to Bank, for Rp897,000.- as Interest POINT
Jan Income (Acc#: 8-1000) with Rp69,100.- Bank Charges (Acc#: 6-1200) [ID#: [4 marks]
2020 CR20-002] [Category: SBY]

5. Perform Bank Reconciliation for Bank the Bank Statement shows a balance [4 marks]
Rp432,531,550.- on 31 Jan 2020.

6. Prepare journal entry to record the depreciation on 31 Jan 2020, for the [4 marks]
following asset categories [GJ#:GJ20-001] [Category : SBY] :
• Store Equipment Rp 20,000,000.-

Save as Monthly Recurring Transaction start from 29 Feb 2020 for those journal
then use the recurring to record depreciation journal for 29 Feb 2020
[GJ#:GJ20-003] [Category : SBY]

Prepare a journal entry to record the VAT Clearing journal on 31 Jan 2020 [4 marks]
[GJ#:GJ20-002] for Jan 2020. [Category : SBY]

7. On 31 Jan 2020, prepare adjust inventory to record Inventory Found [IJ# : IJ20- [4 marks]
002] [Category : SBY] for :
• 1 unit of HAND TOOLS (HT) Rp825,000.- [Job : PD] as 5-1100 Hardware
Purchases
8. Generate the following financial reports at 1 January – 31 January 2020 to PDF [4 marks]
file format, save in REPORTS folder :
• Account Transaction [Accrual]
• Standard Balance Sheet
• Income Statement [Accrual]
• Cash Disbursements
• Cash Receipts
• Reconciliation Report
9. From Company Data Auditor – Transaction Review for 1 Jan 2020 to 31 Jan [4 marks]
2020, there is a “?” mark for Scan for Future Dated Transaction. Display it and
send to PDF, save in REPORTS folder.

10. From Security Preference, Lock the Accounting period for 1 Feb 2020. BACKUP [4 marks]
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. Delete all related transaction on 08 Jan 2020. [4 marks]

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id
 ABSS Qualification Test
Single Currency (ABSS Accounting v25)
12. Edit the Recurring Transaction Template of Fixed Assets Depreciation for Furn & [4 marks]
Fixtures to Rp20,100,000.- per month.

13. Generate and modify the report fields of Items Register [Detail] report like the [4 marks]
sample below and then save as PDF Format.

~End of Assignment~

PT. NET21PLUS
Menara Karya Lt. 28, Jl. H.R. Rasuna Said, X-5, Kav. 1-2, Jakarta 12950. Indonesia.
Tel./SMS/WhatsApp: +62-811-155-6467
E-mail : [email protected] | Website : www.net21plus.co.id