dont give handwritten answer QUESTION 1Azra has been managing her company's petty cash book for a year now. Her companypractice imprest system, in which the monthly imprest of RM3,000 will be restored on thefirst day for each month. Below are the transactions for the month of April 2021.a.b.4-56712222C.April11202329Received RM3,000 as the petty cash float.Cleaning expensesPostage stampsPaper clipsPaid Brian Jse, a trade creditor.EnvelopesPetrolDelivery van repairsCleaning expensesRequired:State TWO (2) advantages of maintaining the imprest system of petty cash.RM40046125350405001,100400List THREE (3) advantages of using a petty cash book.Enter the transactions above in a petty cash book with analysis columns for stationery,motor expenses, sundry expenses, and ledger account.

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Description: dont give handwritten answer QUESTION 1Azra has been managing her company's petty cash book for a year now. Her companypractice imprest system, in which the monthly imprest of RM3,000 will be restored on thefirst day for each month. Below are the tra

An Imprest System of Petty Cash means that the ledger account of petty cash will stay dormant at a…

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Azra has been managing her company's petty cash book for a year now. Her company practice imprest system, in which the monthly imprest of RM3,000 will be restored on the first day for each month. Below are the transactions for the month of April 2021. RM b. April 1 5 6 C. 11 16 20 23 27 29 Received RM3,000 as the petty cash float. Cleaning expenses Postage stamps Paper clips Paid Brian Ise, a trade creditor. Envelopes Petrol Delivery van repairs Cleaning expenses 400 46 125 350 40 Required: a. State TWO (2) advantages of maintaining the imprest system of petty cash. 500 1,100 400 List THREE (3) advantages of using a petty cash book. Enter the transactions above in a petty cash book with analysis columns for stationery, motor expenses, sundry expenses, and ledger account.

Azra has been managing her company's petty cash book for a year now. Her company practice imprest system, in which the monthly imprest of RM3,000 will be restored on the first day for each month. Below are the transactions for the month of April 2021. RM b. April 1 5 6 C. 11 16 20 23 27 29 Received RM3,000 as the petty cash float. Cleaning expenses Postage stamps Paper clips Paid Brian Ise, a trade creditor. Envelopes Petrol Delivery van repairs Cleaning expenses 400 46 125 350 40 Required: a. State TWO (2) advantages of maintaining the imprest system of petty cash. 500 1,100 400 List THREE (3) advantages of using a petty cash book. Enter the transactions above in a petty cash book with analysis columns for stationery, motor expenses, sundry expenses, and ledger account.

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.6E

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R. Phometsi Ltd. Provides you with the following information.2019The imprest amount at the beginning of each is P600. However, on June 1, the pettycashier had P140 cash in hand. The main cashier re-imbursed the petty cashier to have acash float of P600.The following expenses were incurred as petty cash expenses for the month.June DIPLOMA AssignmentJanuary - June BPA612 Principles of Accounting ©BOU 2024 Page 4 of 93. Cleaning expenses P405. Taxi fare P127. Postage stamps P89. Printing expenses P2811. Pen, pencil and eraser P913. Cremora, margarine and peanut butter P42.14. Cleaning expenses P3815. Bus fare. P2417. Postage stamps P1419. Cleaning expenses P32.29. Staples P16.30. Tea, Coffee and sugar P39. Required:a) Prepare a petty cash book with analysis columns for the followings: Cleaningexpenses, General expenses, Postage, Travelling expenses and Stationery.
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Problem 1 (Petty Cash) George Corp sets up a petty cash fund to pay for relatively small amounts of expenses. George Corp., where the petty cash account amount remains in its original amount and the transaction is determined for petty cash balance under $ 1,000. The following are available data for the month of July 2020 On July 4, the company will set a petty cash fund of $ 1,000 Summary of expenses, petty cash is $ 250 on file by the company. on July 14 are as follows: Payroll Check S83 Dividends $ 49 Commission S64 Travel and Entertainment Expense $ 23 Advertising $ 31 On July 25, George purchased, the equipment for S1800 George Corp decided to increase the cash amount to the petty cash fund by $ 500 on July 31 Requested: Make a number of entries on petty cash transactions using the impress and fluctuating method during July. Problem 2 (Receivables) PT CAHAYA's Receivables Balance as of December 31, 2019 was IDR 1,350,000,000, allowance for uncollectible accounts was IDR…
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vable Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.) View transaction list Journal entry worksheet 1 Record cash received on note plus interest.
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