Prepare a petty cash book for Akosua Dokua Enterprise for November 20X3, operating on an imprest system of…

Question

Prepare a petty cash book for Akosua Dokua Enterprise for November 20X3, operating on an imprest system of GH¢2,000 with fortnightly reimbursements. Include columns for Postage, Wages, Cleaning, Stati

ScanSolve AI Tutor · Accepted Answer

Here is the petty cash book for Akosua Dokua Enterprise for the month of November 20X3, operating on an imprest system of GH¢2,000 with fortnightly reimbursements.

Set up the petty cash book format.
The petty cash book will have columns for Date, Particulars, Voucher Number, Receipts, Payments, and analysis columns for common expenses: Postage, Wages, Cleaning, Stationery, and Electricity.
Record the initial imprest and all transactions.
The initial imprest of GH¢2,000 is recorded as a receipt on November 1. Each subsequent payment is recorded in the 'Payments' column and then allocated to the appropriate analysis column.
Calculate totals and

Prepare a petty cash book for Akosua Dokua Enterprise for November 20X3, operating on an imprest system of GH¢2,000 with fortnightly reimbursements. Include columns for Postage, Wages, Cleaning, Stati

Step-by-step solution

Set up the petty cash book format.

Record the initial imprest and all transactions.

Calculate totals and

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