Prepare the Petty Cash Ledger

Question 2 1) What is meant by the money measurement concept26 marts b) Explain the concept of prudence in relation to the recognition of potits and loss 67 ) c) Explain the term materiality as it is used in accounting (7 maris) Question 3 The following is summary of the petty cash transactions of Jockfield Lid for May, 20 OHS Received from Cashier GHS300.00 petty cash May 1 hout 2 Postage 3 Travelling 12 15 4 Cleaning 7 Petrol for delivery van 8 Travelling 9 Stationery 11 Cleaning 14 Postage 15 Travelling 9 18 Stationery 23 18 Cleaning 13 20 Postage 43 24 Delivery van 5.000 mile service 18 26 Petrol 27 Cleaning 5 29 Postage 14 30 Petrol 22 25 M cd ad 8 21 You are required to