Joy Li runs an office in Singapore. She accounts for petty cash based on the imprest system.
Question:
Joy Li runs an office in Singapore. She accounts for petty cash based on the ‘imprest’
system. The amount of the cash float is $600, and she restores the float on a weekly basis.
The following were the payments from the petty cash for the week ending 12 June 2014:
Show the analysed petty cash book for the week (with five columns for cleaning, adverts, printing, postage and stationery, travel, and ‘other’).
Date Description Amount 8 June Stationery for office 50 8 June Advert in local newspaper 100 9 June Tea and coffee for office 30 10 June Postal charges 15 10 June Printing, business cards 40 11 June Wages to office cleaner 110 12 June Fuel for car 100 12 June Stationery 45 12 June Petty cash float topped up to $600 48 ACCOUNT ING AND FINANC E FOR BUSINESS
Step by Step Answer:
Accounting And Finance For Business
ISBN: 9780273773948
1st Edition
Authors: Geoff Black, Mahmoud Al-Kilani