During april, $25 was paid into petty cash by employees paying for private use of the office photocopier and a cheque for $20 was cashed for an employee out of petty cash There were also the following petty cash vouchers During april, cheques for $340 were drawn by ali for petty cash
Jovi Dahice
How much cash was paid out for petty.
B operates the imprest system for petty cash
At 1 july there was a float of $150, but it was decided to increase this to $200 from 1 august onwards During july, the petty cashier received $25 from staff for using the photocopier and a cheque for $90 was cashed for an employee In july, cheques were drawn for $500 for petty cash. Hello sir hope everything goes well can you assist me with this question please
A petty cash imprest system is in operation of 150 being maintained There are vouchers in the box totaling 76$ and ious totaling 35$ There is 29$ in the box and 10$ travel advance has just been given to a member of staff how much should be drawn from the bank to restore the imprest 1.which of the following explains the imprest system of operating cash flow
Weekly expenditure cannot exceed as a set amount
The exact amount of expenditure is reimbursed at intervals to maintain a fixed float all expenditure out of the petty cash must be properly authorised Regular equal amounts of cash are transferred into petty cash at intervals The imprest system involves keeping enough petty cash available to meet the needs of the following period of time.let us say for the following week for example.a petty cash box would be supplied with say 50 pounds.this fifty pounds would be the float.if during the week thirty pounds was spent and properly logged with vouchers and receipts then at start of next week thirty pounds would be paid. ☆☆ hi sir ignacius operates the imprest system for petty cash
At 1 july there was a float of $150 , but it was decide to increase this to $200 from 1 aug onwards During july , the petty cashier receive $25 from staff for using the photocopier and cheque for $90 was chased for an em ployee In july , cheque were drawn for $500 for petty. The question asks which of the following explains the imprest system of petty cash
Although the statement is true (expenditure should be properly authorised) it is not explaining the imprest system.
Your company has a petty cash imprest of 750,this is to be increased to 800.at the end of the month the cash in hand was 57 and receipts and vouchers totalled 673.in addition the cash box contained iou from a member of staff for 20.how much cash is withdrawn from the bank to restore and increase the imprest A.723 sir,can you help me with this question? Simran uses the imprest method of accounting for petty cash She counted the petty cash and there was $88.00 in hand
