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Petty Cash Book | Week 107 Topics1 Quiz
Topic Content:
- Preparation of a Petty Cash Book
Record the following in the petty cashbook of Mr A. Ajayi, showing analysis columns for postage, stationery, travelling expenses, carriage and sundrySundry means various, small, or miscellaneous items that are not important enough to be listed separately. In accounting, Sundry Debtors are many small customers who owe the business money, but whose... More expenses.
Show the balance at hand as at 30 August.
Solution:
The balance at hand as at Aug 30 is ₦87 450.00
Explanation:
1. The cash received column records the ₦120 000.00 on the debit side.
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