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  • NEW - Grade 11 - English Medium - Assignment 01

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    Amila Kulathunga
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    The document provides petty cash transactions for Dawalagiri business for the month of March 2021. It lists the petty cash imprest amount of Rs. 2,500 and expenses of Rs. 2,000 for February that were reimbursed on March 1st. It then lists 7 petty cash payments from March 3rd to 25th totaling Rs. 1,770. The assignment questions require the student to (1) create a petty cash book, (2) post expenses to ledger accounts, (3) record double entries for reimbursements, (4) calculate reimbursement amount if imprest increases by Rs. 500, and (5) list two duties of a petty cashier.

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    The document provides petty cash transactions for Dawalagiri business for the month of March 2021. It lists the petty cash imprest amount of Rs. 2,500 and expenses of Rs. 2,000 for February that were reimbursed on March 1st. It then lists 7 petty cash payments from March 3rd to 25th totaling Rs. 1,770. The assignment questions require the student to (1) create a petty cash book, (2) post expenses to ledger accounts, (3) record double entries for reimbursements, (4) calculate reimbursement amount if imprest increases by Rs. 500, and (5) list two duties of a petty cashier.

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    © All Rights Reserved
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    6 views1 page

    NEW - Grade 11 - English Medium - Assignment 01

    Uploaded by

    Amila Kulathunga
    The document provides petty cash transactions for Dawalagiri business for the month of March 2021. It lists the petty cash imprest amount of Rs. 2,500 and expenses of Rs. 2,000 for February that were reimbursed on March 1st. It then lists 7 petty cash payments from March 3rd to 25th totaling Rs. 1,770. The assignment questions require the student to (1) create a petty cash book, (2) post expenses to ledger accounts, (3) record double entries for reimbursements, (4) calculate reimbursement amount if imprest increases by Rs. 500, and (5) list two duties of a petty cashier.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Musaeus College

    Assignment 14
    Business and Accounting Studies
    Grade : 10 -

     Following are the petty cash transactions of Dawalagiri business occurred during the month of
    march 2021
     Petty cash imprest is Rs.2 500
     Petty cash expenses reimburse on every 01st day of the month.
     Total petty cash payments for the month of Februaty is Rs.2 000
    Following transactions were occurred during the month of March
    Rs.
    03.03.2021 – V.N.01 – Postal charges 60
    06.03.2021 – V.N.02 – Purchased a plastic chair 850
    10.03.2021 – V.N.03 – Half sheets 100
    12.03.2021 – V.N.04 – Three wheel charges 180
    18.03.2021 – V.N.05 – Telegram charges 120
    22.03.2021 – V.N.06 – Travelling charges 200
    25.03.2021 – V.N.07 – Two bill books 260

    Required,
    (1) Petty cash book with Postal charges, Stationery expenses, Travelling expenses and other legder
    account and balance as at 31 03.2021
    (10 marks)
    (2) Post the expenses to ledger
    ( 5 marks)
    (3) Write the double entry for the following transactions.
    (¡) 01.03.2021 reimbursement of petty cash
    (¡¡) For the transaction on 06.03.2021
    (1 mark each=2 marks)
    (4) If the petty cash imprest is decided to increase by Rs.500, how much is the money that should
    reimbursed.
    (1 mark)
    (5) Write two duties followed by petty cashier.
    (1 mark each = 2)

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