Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer ALL questions Question 1 You are the petty cashier at a law firm. You have been given RM1,000 as float on 1 April 2021.
Answer ALL questions Question 1 You are the petty cashier at a law firm. You have been given RM1,000 as float on 1 April 2021. Required: (a) Prepare a suitable petty cash book with analysis columns for staff travelling, stationery, refreshments and office cleaning. (1 mark) (b) Create and enter TWENTY (20) transactions for the month ended 30 April 2021. (20 marks) (c) Calculate the total petty cash expenses as well as for each analysis column. Enter receipt of the amount necessary to restore the imprest and carry down the balance for the start of May 2021. (3 marks) (d) Explain the imprest system in not more than 200 words. (6 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started