On 1 August the petty cash balance equalled the imprest amount of $100. During August the petty

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On 1 August the petty cash balance equalled the imprest amount of $100. During August the petty cashier spent $83 and received $20 from a member of staff in repayment of a loan.

What entry will be made on 31 August to restore the imprest?

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 14, 2021 01:04 AM

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On 1 August the petty cash balance equalled the imprest amount of $100. During August the petty

Question:

Debit Credit А bank 63 petty cash book 63 в bank 83 petty cash book 83 C petty cash book bank 63 63 D petty cash book bank 83 83

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Solution Answer is D Reason For simplicity and to maintain proper control ...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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