The Oakhill Printing Co. Ltd operates its petty cash account on the imprest system. It is maintained

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The Oakhill Printing Co. Ltd operates its petty cash account on the imprest system. It is maintained at a figure of £80 on the first day of each month. At 30 April 20X3 the petty cash box held £19.37 in cash. During May 20X3, the following petty cash transactions arose:
The Oakhill Printing Co. Ltd operates its petty cash account

Required
Open and post the company's petty cash account for the period 1 May to 1
June 20X3 inclusive and balance the account at 30 May 20X3. In order to facilitate the subsequent double-entry postings, all items of expense appearing in the 'payments' column should then be analysed individually into suitably labelled expense columns.

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Related Book For  answer-question

Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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