The Petty Cashier of Jockfield received 300 on 1 May 2012 as petty cash float. A summary
Question:
The Petty Cashier of Jockfield received £300 on 1 May 2012 as petty cash float. A summary of payments during the month is stated.
Required:
(a) Rule up a Petty Cash Book with analysis columns for expenses on cleaning, motor expenses, postage, stationery, travelling.
(b) Enter the payments during the month.
(c) Enter the amount received to restore the imprest and carry down the balance.
(d) Explain how double-entry is completed.
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Step by Step Answer:
a b c d Let us assume that the Petty Cash Book is treated as one of the main books of accounts ie pa...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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