Question 21 of 28
Q.(a) Prepare analytical petty cash book from the following particulars under imprest system.
2017
July 1 Received advance from cashier Rs. 2,000
July 7 Paid for writing pads and registers Rs. 100
July 8 Purchased white papers Rs. 50
July 10 Paid auto charges Rs. 200
July 15 Paid wages Rs. 300
July 18 Postal charges Rs. 100
July 21 Purchased Stationery Rs. 450
July 23 Tea expenses Rs. 60
July 25 Paid for speed post Rs. 150
July 27 Refreshment expenses Rs. 250
July 31 Paid for carriage Rs. 150
(OR)
(b) Show necessary entries to adjust the following on 31st December, 2017.
(i) Outstanding salaries Rs. 1,200
(ii) Outstanding rent Rs. 300
(iii) Prepaid insurance premium Rs. 450
(iv) Interest on investment accrued Rs. 400
(v) Bad debts written off Rs. 200
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2024Subjective· 5mImportance★★★★★
75% · 21/28 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →(a) Analytical petty cash book: receipts Rs. 2,000, analysed payments Rs. 1,810, balance c/d Rs. 190. (b) Five adjusting journal entries.
(a) Analytical Petty Cash Book (Imprest System)
| Receipts (Rs.) | Date | Particulars | Total Paid (Rs.) | Postage (Rs.) | Printing & Stationery (Rs.) | Conveyance (Rs.) | Wages (Rs.) | Refreshment (Rs.) | Carriage (Rs.) |
|---|---|---|---|---|---|---|---|---|---|
| 2,000 | Jul 1 | To Cash (advance) | |||||||
| Jul 7 | Writing pads & registers | 100 | 100 | ||||||
| Jul 8 | White papers | 50 | 50 | ||||||
| Jul 10 | Auto charges | 200 | 200 | ||||||
| Jul 15 | Wages | 300 | 300 | ||||||
| Jul 18 | Postal charges | 100 | 100 | ||||||
| Jul 21 | Stationery | 450 | 450 | ||||||
| Jul 23 | Tea expenses | 60 | 60 | ||||||
| Jul 25 | Speed post | 150 | 150 | ||||||
| Jul 27 | Refreshment | 250 | 250 | ||||||
| Jul 31 | Carriage | 150 | 150 | ||||||
| Total payments | 1,810 | 250 | 600 | 200 | 300 | 310 | 150 | ||
| Jul 31 | By Balance c/d | 190 | |||||||
| 2,000 | 2,000 |
Balance b/d (Aug 1) = Rs. 190; under the imprest system the cashier reimburses Rs. 1,810 to restore the float to Rs. 2,000.
(b) Adjusting Entries as on 31 December 2017
| # | Particulars | Debit (Rs.) | Credit (Rs.) |
| --- | --- | --- | --- | …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.