MAA103-Journals and Ledgers Analyses – Accounting & Finance Assignment Help

Assignment Task

Task

Learning Outcome Details
ULO 1: Explain how business transactions are analysed using the ‘accounting equation’ and how the resulting figures can assist in preparing accounting reports.
ULO 2: Use visual and other technology such as spreadsheets to communicate researched information.

Graduate Learning Outcome (GLO)
GLO1: Discipline-specific knowledgeand capabilities.
GLO2: Critical Thinking
GLO3: Discipline-specific knowledge and capabilities.
GLO4: Digital literacy

Description / Requirements:
The objective of this assignment is for you to record business transactions using a general journal and then post relevant entries into a specific ledger account. In this assessment, you will be given a set of randomly generated transactions based on some scenarios. Your task is to analyse and record each transaction (including the opening balances) into the General Journal. You will also then need to post the journal entries to the relevant sections of the General Ledger. You do not need to fill out the Trial Balance as it will automatically be calculated and carried over from your General Ledger (the trial balance is there just to help you check your balances). For this assignment, all the tasks and information will be sent to you via your Deakin Student email.

Once you start working on the file you may save and go back as many times as you like; there is no need to complete it all in one go. Please make sure you use Microsoft Office Excel to complete the assignment as not doing so may results in technical errors, delays in your results, or loss of marks.

Sheet 1: Description
• IMPORTANT: Your Student ID and Username should already be included here.
• If you find an error in your Student ID please email the teaching team.

Sheet 2: Journal

• Record the General Journal entries for each of the transactions provided in your Scenario document (“MAA103 Ass1 YOUR_STUDENT_ID.pdf”) including any opening balances.
• Each entry must include a date, account names, and amounts in either the debit or credit.
• Narrations are not required and there is also no need to indent your accounts.
• You may leave a line in-between each transaction if you want but don’t have to (see below). 

Sheet 4: Trial Balance
• This sheet is automatically generated from your General Ledger.
• There is no need to do anything here – this is generated automatically here to simply help you ‘check’ your balances