BYS [FINV1008] – Financial Documents

Description

This pack is divided into 3 sections – (1) Invoices, (2) Credit Notes and (3) Statement of Account. There are no formulas in the Excel version so pupils will need to do the calculations for themselves. The Invoices and Credit notes start with basic entries that include trade discount and a VAT calculation. From Task 11 onward, cash discount is also included but there is a help box in Task 11 to show how the VAT is to be calculated. Tasks 12 to 15 also have delivery terms and costs. The Statement of Account tasks increase in difficulty. Tasks 1 and 2 are straightforward with the final (bank) transaction resulting in a zero £0 balance. Tasks 3 to 6 brings in trade discount (with help notes) and discount allowed. From Task 7 onward, cash discount also needs to be dealt with. Solutions are included in this pack.

** A paper pack is also included if printed tasks are preferred **