TEST CASE 2: LAND PURCHASE

Application: NSE Qualico | Dataset: HBProto

TEST CASE STEPS:

LAND PURCHASE

  1. Create an entry to record the purchase of Land.
    • Suggested Major-Minor allocations:
      • 0000110-00 Raw Land
      • 0000210-00 Residential Building
      • 0005010-00 Property Transfer Tax
      • 0005020-00 Property Tax
      • 9257100-92 Raw Land Mortgage Payable

ACCRUAL OF INTEREST ON THE BALANCE OWING

  1. Create an entry to record the monthly accrual of interest on the Raw Land Payable
    • Suggested Major-Minor allocations:
      • 9087810-00 Interest on Acquistion
      • 9257500-92 Accrued Interest on Raw Land Mortgage

PAYMENT TOWARDS THE MORTGAGE PAYABLE

  1. Create an entry to record a payment towards the Land Payable
    • Suggested Major-Minor allocations:
      • 9257110-93 Payment of Raw Land Mortgage Payable
      • 9087810-00 Interest on Acquistion
      • 9257500-93 Accrued Interest on Raw Land Mortgage

 

DATA seen while executing testing:

  1. Use of the ZOOM functionality (ie. press [F9]) to look up values available for input in fields.

EXPECTED RESULTS:

With no Approval restrictions, Testers should be able to post their own Journal Entry