Petty cash

Accounting beginning

System Of Petty Cash Accounting : Illustration: From the following particulars prepare a Petty Cash Book under Imprest system. Jan. 1. Received from the Accountant as imprest cash GH800. Jan. 2. Paid Taxi fare GHC40. Jan. 3. Paid postage GH28 and stationery GH120. Jan. 4. Purchased stationery GH96. Jan. 5. Paid telegram charges GH56 and bus fare GH8. Jan. 6. Bought postage stamps GH192. Jan. 7. Paid GH144 for repairs of printer