Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTIONS Part A Petty Cash You are working as a finance clerk at AKV Enterprises Pte Limited which is registered for VAT for tax purposes

image text in transcribed
QUESTIONS Part A Petty Cash You are working as a finance clerk at AKV Enterprises Pte Limited which is registered for VAT for tax purposes in Fl. On 2 August 2019, the Accountant resigned and Mr. Anthony Koda Victor, the owner, handed over the petty cash till to you. The petty cash had just been reimbursed. The float for the petty cash till was $300. The following are the petty cash transactions for August 2019 (All purchases include VAT expect otherwise stated): Amount Date Particulars Voucher 03-08-20 03-08-20 06-08-20 12-08-20 13-08-20 13-08-20 16-08-20 $18.00 $45.00 S55.00 $11.00 530.00 S25.00 $15.50 $23.50 18-08-20 18-08-20 20-08-20 $17.50 $10.50 342 Purchased writing materials 343 | Purchased coffee and milk for staff 344 Paid for fuel for company vehicle 345 Purchased recharge card for company driver's mobile phone 346 Gave donation to Red Cross 347 Purchased carton of printing paper 348 Paid for coffee at Gloria Jeans with client Purchased bara and bhajia for staff function (Vendor not VAT 349 registered) 350 Purchased office kitchen utensils 351 Purchased air freshener for office 352 paid for car wash for company vehicle (Business not VAT registered) 353 Paid taxi fare. Taxi driver not registered for VAT 354 Voucher cancelled 355 Paid for postage 356 Purchased stapler and paper punch 357 Paid for parking 359 Purchase wreath for a client funeral (Vendor not VAT registered) 360 Purchased office tube lights 361 Purchased office cleaning materials $15.00 20-08-20 $8.50 22-08-20 22-08-20 25-08-20 25-08-20 26-08-20 28-08-20 29-08-20 29-08-20 $5.50 $26.50 $5.00 $45.00 $50.00 $65.00 On 17 August 2019, the petty cash was reimbursed with Cheque # 2235. On 27 August 2019, the petty cash float was increased by $100 with Cheque # 2290 On 30 August 2019, the petty cash was reimbursed with Cheque #2354 Required: 4. Complete the petty cash book for AKV Enterprises Pte Limited for August 2019. 8. Prepare required General Journal Entries

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping And Accounting For Beginners

Authors: Warren Piper Ruell

1st Edition

1654626090, 978-1654626099

More Books

Students also viewed these Accounting questions

Question

Construct a 33 table for which gamma equals (a) 1, (b) 1, (c) 0.

Answered: 1 week ago