Question

prepare petty cash book on imperest system
opening cash balance 5000​

Answer 1

Answer:

Commenced business with Cash  

25,000

3  Bought goods for Cash  10,000

3  Paid Carriage  200

4  Sold goods for Cash  6,000

10  Received from Ram  1,000

12  Paid to Shiv Kumar  2,600

15  Cash Sales  8,400

18  Purchased furniture for cash for office  5,000

20  Paid for Advertisement  500

20  Purchased goods from Mahesh on credit  6,000

24  Paid to Mahesh  4,000

25  Paid Wages  400

27  Received for Commission  1,500

28  Withdrew for personal use  2,200

31  Paid salary