|  Amphibian Sounds: An Accounting Practice Set Amphibian Sounds: An Accounting Practice Set This accounting practice set (which is based on a periodic inventory system) is intended for introductory students, both accounting and non-accounting majors. It allows students to become familiar with the recording process, and may be used as a supplementary exercise to aid student comprehension or completed as an assessable component of students’ final grades. The practice set includes expanded introductory material that covers all of the information students will need to complete the exercise, avoiding the necessity for instructors to write supplementary notes. We have also included a bank reconciliation statement—not always present in practice sets—to aid realism and understanding. Microsoft® Excel Worksheets are also available, giving students the choice of completing the practice set either manually or by computer. Amphibian Sounds is a retail music business. The proprietor’s partner, who handles the accounts, will be away for a month and the student must step into this role and complete the accounts. Full background information to enable them to do this is included, together with blank accounting pages for completion. Additional practice sets -Pedal Power - (www.mhhe.com/au/pedalpower) an accounting practice set by Hema Wijewardena (University of Wollongong) based on the perpetual stock take system. Can also be completed in Excel.Pete's Plumbing - (www.mhhe.com/au/halabi) an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the periodic stock stake system. Can also be completed in Excel.Clover Cellars / Quickbooks version - (www.mhhe.com/au/halabi2) an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the perpetual stock stake system. Can be completed in writing, in Excel and / or Quickbooks.Clover Cellars / MYOB version - (www.mhhe.com/au/halabi3) an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the perpetual stock stake system. Can be completed in writing, in Excel and / or MYOB.  |
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