The following is a summary of the petty cash transactions of Jockfield Ltd for May 19X8. You

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The following is a summary of the petty cash transactions of Jockfield Ltd for May 19X8. image text in transcribed

image text in transcribed

You are required to:

(a) Rule up a suitable petty cash book with analysis columns for expenditure on cleaning, motor expenses, postage, stationery, travelling.

(b) Enter the month’s transactions.

(c) Enter the receipt of the amount necessary to restore the imprest and carry down the balance for the commencement of the following month.

(d) State how the double entry for the expenditure is completed.

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ISE Business Accounting Volume 1

ISBN: 9780273638391

8th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 24, 2024 02:02 AM

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The following is a summary of the petty cash transactions of Jockfield Ltd for May 19X8. You

Question:

May 1 Received from Cashier 300 as petty cash float 99 2 Postages 3 Travelling 99 4 Cleaning Petrol for delivery van 7 35 8 Travelling " 9 Stationery 55 11 Cleaning 35 14 Postage 18 12 15 22 25 17 18 5

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ISE Business Accounting Volume 1

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