ILLUSTRATION ON PETTY CASH BOOK CONTD.
Hey Guys, Happy Thursday. It’s a Beautiful Day to
see. It’s such a privilege to see such a day, let alone be well enough to learn
and improve one’s self. For that God deserves Praise. Well today we will take
one more example on PETTY CASH BOOK in order to fully understand it.
ILLUSTRATION:
Charles Limited operates a Petty Cash book on the
imprest system with a cash float of N 300. The following transactions took
place in November 2003.
Nov 2- Envelopes N4.
Nov 3- Petrol N16.
Nov 4- Postage N7.
Nov 5- Petrol N18.
Nov 7- Cleaning N20.
Nov 9- Stationery N21.
Nov 10- Michael N19.
Nov 12- Stamp N10.
Nov 14- Cleaning N20.
Nov 15- Traveling N18.
Nov 16- Stamps N12.
Nov 17- Harriet N15.
Nov 18- Stationery N46.
Nov 19- Cleaning N20.
Nov 21- Petrol N12.
Nov 24- Traveling N10.
Nov 26- Petrol N12.
Nov 28- Cleaning N20.
You are required to:
a.) Prepare
a Petty Cash Book.
b.) Post
the entries into the Ledger.
Receipt
|
F
|
Date
|
Details
|
Total
|
Voucher NO
|
Cleaning
|
Motor Exp.
|
Postage
|
Stationery
|
Traveling
|
Ledger
|
300
|
1-Nov
|
Bal b/d
|
|||||||||
2-Nov
|
Envelopes
|
4
|
4
|
||||||||
3-Nov
|
Petrol
|
16
|
16
|
||||||||
4-Nov
|
Postage
|
7
|
7
|
||||||||
5-Nov
|
Petrol
|
18
|
18
|
||||||||
7-Nov
|
Cleaning
|
20
|
20
|
||||||||
9-Nov
|
Stationery
|
21
|
21
|
||||||||
10-Nov
|
Michael
|
19
|
19
|
||||||||
12-Nov
|
Stamp
|
10
|
10
|
||||||||
13-Nov
|
Adele
|
15
|
15
|
||||||||
14-Nov
|
Cleaning
|
20
|
20
|
||||||||
15-Nov
|
Traveling
|
18
|
18
|
||||||||
16-Nov
|
Stamps
|
12
|
12
|
||||||||
17-Nov
|
Harriet
|
15
|
15
|
||||||||
18-Nov
|
Stationery
|
46
|
46
|
||||||||
19-Nov
|
Cleaning
|
20
|
20
|
||||||||
21-Nov
|
Petrol
|
12
|
12
|
||||||||
24-Nov
|
Traveling
|
10
|
10
|
||||||||
26-Nov
|
Petrol
|
12
|
12
|
||||||||
28-Nov
|
Cleaning
|
20
|
20
|
||||||||
315
|
80
|
58
|
33
|
67
|
28
|
49
|
|||||
315
|
30-Nov
|
Cash
|
300
|
||||||||
615
|
31-Dec
|
Bal c/d
|
615
|
||||||||
300
|
1-Jan
|
Bal b/d
|
LEDGER
ENTRIES:
Dr
|
Cash book A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
1-Nov
|
Petty Cash
|
300
|
|||
30-Nov
|
Petty Cash
|
315
|
|||
Dr
|
Cleaning A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
80
|
|||
Dr
|
Motor Exp. A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
58
|
|||
Dr
|
Postage A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
33
|
|||
Dr
|
Stationery A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
67
|
|||
Dr
|
Traveling A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
28
|
|||
Dr
|
Michael's A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
19
|
|||
Dr
|
Adele's A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
15
|
|||
Dr
|
Harriet's A/c
|
Cr
|
|||
Date
|
Particulars
|
Amount
|
Date
|
Particulars
|
Amount
|
30-Nov
|
Petty Cash
|
15
|
|||
This concludes our
session for today. Hope it came in a more Simplified form and it was fun. Leave
your comments on what you think about the session we just had, and for your
questions send me a message on dividiamond@gmail.com.
Until we meet again, remain ever blessed and remember you are for SIGNS &
WONDERS. God Bless u.
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