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Osada Printing Ltd operates its petty cash account on the imprest system.Petty cash float is Rs. 5,000. During May 2019, the following petty cash transactions

  • Osada Printing Ltd operates its petty cash account on the imprest system.Petty cash float is Rs. 5,000. During May 2019, the following petty cash transactions arose:

    May1 Cash received from main cash controller
    1 Bus fares 40
    2 Stationery 60
    4 Bus fares 120
    7 Postage stamps 60
    7 Paid to creditor X 200
    8 Bus fares 80
    11 Tippex 50
    12 Typewriter ribbons 90
    14 Parcel postage 120
    15 Paperclips 15
    15 Newspapers 70
    16 Photocopier repair 130
    19 Postage stamps 76
    20 Drawing pins 70
    21 Train fare 65
    22 Photocopier paper 175
    23 Display decorations 80
    23 Tippex 50
    25 Wrapping paper 89
    27 Sellotape 40
    30 pens 60

    You are required to record the above transactions in the petty cash book and post the balances in the ledger at the end of the month.

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