Question

Petty
15. Rajan maintains a Columnar Petty Cash Book on the Imprest System. The imprest amoum
is * 5,000. From the following information, show how his Petty Cash Book would appear
for the week ended 12th September, 2019:
₹
1,349
2019
Sept. 7 Balance in Hand
Received cash reimbursement to make up the imprest
Postage.
Stationery
Sept
8 Travelling and conveyance.
Miscellaneous expenses
Entertainment.....
Sept. 9 Repairs.........
Sept. 10 Postage
123
321
126
11
72
1,567
174​

Answer 1

Answer:

this is a big question I know what you said

Answer 2

We are provided with the particulars regarding Mr. Rajan who makes the use of a Petty Cash book for maintaining his accounts regarding petty cash. We have to prepare a columnar petty cash book based on the information provided:

• A petty cash book is maintained to take into account all the petty cash transactions of the business.
• It is not possible to maintain proper ledger accounts for these types of transactions.
• As maintaining a leger is time-consuming and these transactions do not have a big expense attached to them.
• So in other words an amount will be transferred every month to the petty cash book and this will be recorded in the ledger.
• No other transactions will be done in the ledger, they will be done in the petty cash book.
• The petty cash book of Mr. Rajan is as under:

PROJECT CODE: #SPJ3

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