Question 1(30 Marks)

Roofings Rolling Mills Ltd (RRM) is among the leading Steel manufacturing company in
East and Central African region. Like any other company in business, it has customers who
buy on credit and cash.

Today 23rd April 2022, the following transactions occurred:

1. Credit sale was Ugx. 6,700,000,000 (Eight billion seven hundred thousand only).
2. Cash sale of Ugx 95,434,600 as per SAP system balance however the banking of Ugx
43,222,500 for the previous day 22nd April 2022 had not been posted in SAP system
ledger and it is inclusive in balance.
3. Cash sale of USD 455,542 as per SAP balance however banking of USD 140,802 for
the previous day 22nd April 2022 and a day before 21 st April 2022 USD. 121,500 had
not been posted in SAP system ledger and it is inclusive in SAP balance.
4. Total physical petty cash of Ugx 20,491,700 and out of which is unpaid petty cash
vouchers no. 15000249 & 15000251 of Ugx 1,200,600 and Ugx. 2,000,000
respectively which are already subtracted from SAP system ledger balance.
5. Total physical petty cash of USD.5,066 and out of which is unpaid petty cash
vouchers of USD 1,000 which are already subtracted from SAP system ledger
balance.
In performing your daily routine of reconciling cash at hand before leaving your cash office,
you are required to tell us the following balances today 23rd April 2022:
i. Physical cash sale in Ugx.
ii. Physical cash sale in USD.
iii. Expected SAP system petty cash balance of Ugx.
iv. Expected SAP system petty cash balance of USD.
v. Total physical cash at hand of both petty and cash sale of Ugx.
vi. Total physical cash at hand of both petty and cash sale of USD.