Question 3

Sidon Zakari is a sole trader who keeps an analysed Petty Cash Book using the imprest system. The imprest amount is N$250. The transactions for the month of October 2020 were as follows.

N$

October

1 Balance brought down 32

Petty cash restored to imprest amount ?

4 Bought office stationery 19

7 Paid travelling expenses 24

12 Received cash for personal telephone calls 3

15 Bought postage stamps 6

21 Paid to Gideon Solumga, a creditor 25

28 Paid clearner 110

REQUIRED

2. Draw up a Petty Cash Book for the month of October 2020. Balance on 31 October and carry down the balance. Make entry on 1 November 2020 to restore the petty cash to the imprest amount.

Sidon Zakari

Dr Petty Cash Book October 2020 Cr

Receipts	Fol	Date	Details	Total	Postage & Stationery	Travelling Expenses	Cleaning Expenses	Sundry Accounts
								Details	Fol	Amount
November 2020

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