The following transactions relate to Chisenga and sons Limited based in Chisel town. The balance brought...
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The following transactions relate to Chisenga and sons Limited based in Chisel town. The balance brought down on the petty cash account on 1 September 2017 is the imprest amount of K5, 500. Day 1 2 4 10 15 25 30 Coffee purchased for K180 Repair to light switch K120 (inclusive of VAT @ 16%) Taxi fare K50 Pay to cleaner K150 Repairs K60 (inclusive of VAT @ 16%) Bought stationery K150 (inclusive of VAT @ 16%) Taxi fare K50 Required: (a) Record the above transactions in the petty cash book and post the month-end totals to the general ledger T accounts. (15 marks) The following transactions relate to Chisenga and sons Limited based in Chisel town. The balance brought down on the petty cash account on 1 September 2017 is the imprest amount of K5, 500. Day 1 2 4 10 15 25 30 Coffee purchased for K180 Repair to light switch K120 (inclusive of VAT @ 16%) Taxi fare K50 Pay to cleaner K150 Repairs K60 (inclusive of VAT @ 16%) Bought stationery K150 (inclusive of VAT @ 16%) Taxi fare K50 Required: (a) Record the above transactions in the petty cash book and post the month-end totals to the general ledger T accounts. (15 marks)
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Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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