Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company had the following items in its petty cash fund with an imprest balance of P20,000: Postage P3,630 Paid Requests for Travel Expenses -

ABC Company had the following items in its petty cash fund with an imprest balance of P20,000: Postage P3,630 Paid Requests for Travel Expenses - P5,450 Receipts for Gas - P5,500 - Miscellaneous Expenses - P980 Cash-P4,200 Determine the cash overage or shortage. (positive if overage and negative if shortage)
image text in transcribed
ABC Company had the following items in its petty cash fund with an imprest balance of P20,000 : Postage - P3,630 Paid Requests for Travel Expenses - P5,450 Receipts for Gas - P5,500 Miscellaneous Expenses - P980 Cash - P4,200 Determine the cash overage or shortage. (positive if overage and negative if shortage)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Pricing Strategy Audit

Authors: Kent B. Monroe

1st Edition

1907766006, 978-1907766008

More Books

Students also viewed these Accounting questions

Question

1. What is output VAT?

Answered: 1 week ago

Question

Design a training session to maximize learning. page 296

Answered: 1 week ago

Question

Design a cross-cultural preparation program. page 300

Answered: 1 week ago