Belfast cleaning company operates its petty cash account using an imprest system. It is maintained at a

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Belfast cleaning company operates its petty cash account using an imprest system. It is maintained at a figure of £100 on the first day of each month. At 31 December 20X2 £21.48 was held in the petty cash box. During January 20X3, the following petty cash transactions arose:
Belfast cleaning company operates its petty cash account using an

Required
Open and post the company's petty cash account for the period 1 January to 1 February 20X3 inclusive and balance the account at 31 January 20X3.
All items of expense appearing in the 'payments' column should be analysed and posted to the respective ledger accounts.

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Introduction To Financial Accounting

ISBN: 978-0077138448

7th edition

Authors: Anne Marie Ward, Andrew Thomas

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