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  • Activity 1 - Updating the accounts list ~AR~

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  1. Add this account

    TypeNumberNameTax
    ExpenseCost of Sales65-49002000Staff AmenitiesEquipment HireS15
  2. Delete these accounts

    TypeNumberName
    IncomeLiability42-24001130Sales 1AMEX #1
    IncomeLiability42-26001140Sales Visa # 2
  3. Rename these accounts and leave the tax codes as they are.

    TypeNumberCurrent NameNew name
    BankingAsset1-10002100Cheque accountWestpac bank accountTools & Equipment
    Asset1-18002110Furniture & fittingsTools & equipmentat CostTools & Equipment at Cost
    Asset1-2120Accum. Depr. FurnitureAccum. Depr. Tools & Equipment
    Expense6-2000 Rent
    Expense6-2800 Staff Amenities