PETTY CASH BOOK
PETTY CASH BOOK
You have been introduced to Petty cash book last week where we talked about the meaning of petty cash book, imprest system, re-imbursement and importance of petty cash book. We went ahead to treat a question as an example under it. Today, we want to look at two more questions for proper understanding.
Example 1.
Enter the following transactions in the petty cash book of Osojumi for the month of September 2006.
N
Sept. 1 Cash imprest 700
Sept. 2 Postage stamp 50
Sept. 3 Transport 90
Sept. 4 Bought stationery 65
Sept. 6 Bought petrol 100
Sept. 9 Bought stationery 30
Sept. 10 Travelling expenses 60
Sept. 15 Postages 10
Sept. 16 Transport 20
SOLUTION
OSOJUMI PETY CASH BOOK
| Receipt | Folio | Date | Particular | Total | Postages | Transport | Stationery | |
| N | N | N | N | N | ||||
| 700 | Sept 2 | Stamps | 50 | 50 | ||||
| Sept 3 | Transport | 90 | 90 | |||||
| Sept 4 | Stationery | 65 | 65 | |||||
| Sept 6 | Petrol | 100 | 100 | |||||
| Sept 9 | Stationery | 30 | 30 | |||||
| Sept 10 | Travelling | 60 | 60 | |||||
| Sept 15 | Postages | 10 | 10 | |||||
| Sept 16 | Transport | 20 | 20 | |||||
| 425 | 60 | 270 | 95 | |||||
| Balc/d | 275 |
Example 2
Enter the following transactions in the petty cash book of Ojo for the month of April 2007
N
April 1 Cash imprest 600
“ 3 Transport 50
“ 4 Postage 40
“ 6 Telephone 30
“ 7 Carriage 20
“ 9 Stationery 30
“ 11 Travelling expenses 10
“ 12 Postage stamp 20
“ 15 Bus fare 40
Solution
| Receipt | Folio | Date | Particular | Total | Postages | Transport | Stationery | Carriage | |
| N | N | N | N | N | |||||
| 600 | 3 /4 | Transport | 50 | 50 | |||||
| 4 /4 | Postage | 40 | 40 | ||||||
| 6 /4 | Telephone | 30 | 30 | ||||||
| 7 /4 | Carriage | 20 | 20 | ||||||
| 9 /4 | Stationery | 30 | 30 | ||||||
| 11 /4 | Travelling | 10 | 10 | ||||||
| 12 /4 | Postage | 20 | 20 | ||||||
| 15 /4 | Bus fare | 40 | 40 | ||||||
| 240 | 90 | 100 | 30 | 20 | |||||
| Bal c/d | 360 |
ASSIGNMENT
Enter the following transactions in the petty cash book of Adesewa for the month of June 2001.
N
June 1 Cash imprest 1000
“ 5 Transport 100
“ 7 Postage 139
“ 9 Telephone 100
“ 10 Carriage 120
“ 12 Stationery 70
“ 15 Travelling expenses 50
“ 19 Postage stamp 40
“ 20 Bus fare 120