q7 3. PROBLEM 8. Prepare columnar Petty Cash Book of Ram Ltd. for the month of January under the Imprest system. The Petty Cash limit fixed was Rs. 250 and the cashier draws money under the Imprest cash system as and when the balance available with him is below Rs. 50. The Petty Cash transactions for the month of January are given below:- Jan. 1. Paid Opening balance Rs. 250 2. Paid towards conveyance charges Rs. 42 3. Purchase of stationary Rs. 83 Wages to sweeper Rs. 21 5. Paid towards conveyance charges Rs. 62 7. Postage stamps purchased Rs. 110 9. Wages to sweeper Rs. 42 Telegram charges paid Rs. 9.50 Conveyance charges paid Rs. 22.50 19. Postage stamps purchased Rs. 49.00 19. Wages to sweeper Rs. 81.00 19. Telegram charges paid Rs. 14 22. Entertainment expenses Rs. 31 25. Wages to sweeper Rs. 63 28. Postage stamps purchased Rs. 36 28. Taxi charges paid Rs. 27.50 31. Entertainment expenses Rs. 31 31. Wages to sweeper Rs. 42 10. 16