Bookkeeping NC III case studies
Bookkeeping NC III · Put your knowledge to work in context.
Bookkeeping NC III is a Philippine national certificate under the TESDA competency-based framework. It certifies that a holder can carry out bookkeeping work to a recognised industry standard: recording transactions, keeping the books in order, producing financial reports, reconciling bank and cash accounts, processing payroll with its statutory deductions, preparing and lodging tax and other statutory returns, and working within accounting software plus workplace safety and quality procedures. It suits bookkeepers, accounting clerks, small-business finance staff, and career shifters who want a portable, competency-assessed credential rather than an academic degree. Assessment is not a single written paper. Topics on this exam: Perform bookkeeping tasks and maintain accounting records, Prepare and maintain financial reports and statements, Maintain and reconcile bank and cash accounts, Process payroll and related statutory deductions, Prepare and lodge tax and other statutory returns, and Apply accounting software and workplace safety and quality procedures. The Bookkeeping NC III case studies are 5 cases and about 2,366 words.
1Bank Reconciliation Discrepancy
You are the bookkeeper for a small retail business. The bank statement for March shows an ending balance of 12,450.
873 words, about 4 min2Payroll Deductions and Net Pay
You process payroll for a small business with 5 employees. For the month of June, gross wages total 25,000.
381 words, about 2 min3GST Return and Input Tax Credits
You are preparing the quarterly GST return for a small business. For the quarter, total sales (including GST) were 55,000.
291 words, about 1 min4Inventory Valuation and Cost of Goods Sold
A retail business uses a perpetual inventory system and the FIFO cost flow method. At the beginning of May, inventory consisted of 100 units at 10 each.
450 words, about 2 min5Accounting Software Error and Safety Procedure
You are working as a bookkeeper in an office that uses accounting software. You notice that the software has been generating duplicate invoices for some customers because of a glitch in the automated billing module.
371 words, about 2 min