Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 5 Required (a) Enter the following in a multi-column petty cash book which is maintained on the imprest system: R 2007 March 1 Cash
Question 5 Required (a) Enter the following in a multi-column petty cash book which is maintained on the imprest system: R 2007 March 1 Cash cheques from head cashier Paid for c.o.d. parcel 3 Revenue stamps for legal documents 4 Donations for Police Orphans' Fund 6 Cleaner's wages 9 Repairs to typist's chair 10 Bouquet for director's wife Soap, cleaning fluid and office towels 12 Repairs to office venetian blind 13 Cleaner's wages 16 Tea, coffee and sugar for staff 17 Flowers for director's meeting 18 Puncture-repair outfit for messenger's bicycle Fortnightly milk account for staff teas 20 Cleaner's wages 24 Donation to Red Cross annual appeal 25 Paid for c.o.d. parcel Cash cheque from head cashier for restoration of imprest Postage stamps for overseas letters 27 Cleaner's wages Donation to Famine Relief Fund 30 Wreath for funeral of accountant's wife 31 Revenue stamps for legal documents 600.00 4,23 28,50 10.00 65.00 16.95 38,00 23.86 44,63 65,00 35,91 40,00 9,47 65,35 65,00 50,00 16,38 578,28 28,17 65.00 15.00 75,00 30,00 Financial Accounting 1/ ICG/ Page 18 (b) Rule off the month's transactions, bring down the relevant balance, and restore the imprest amount to R600. 115)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started