Analysis Columns Petty Cash Book

The Layout of a Petty Cash Book A Petty Cash Book resembles a ledger account with several money columns on the credit side. Only totals of various columns are to be posted in the ledger.

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. A debit side and a credit side. These are known as analysis columns and are used to divide the payments into different categories. There are two sides to the columnar petty cash book.

May 1 The cashier hands a cheque for 100 to the petty cashier to enable him to obtain cash for The 40 marks 2. Rule up a petty cash book with analysis columns for office expenses motor expenses cleaning. It is called an analytical cash book because it analyses the expenses into a number of grouped expenses.

Debit balance amount of cash receipt total amount of cash payments Format The format of columnar petty cash book is as follows Here TR Total receipts CBF Cash Book Folio P Particulars VN Voucher Number TP Total Payments PT Postage Telegram C Cleaning. Free easy returns on millions of items. So if an organization has daily expenses for food stationery postage etc.

Rule up a petty cash book. Expenses Record Book 17 Inventory Log. Given below is the ledger balance as on March 31 2011 by using the columnar petty cash book.

A column is used for each of the main types of expenses paid out of petty cash. One major advantage of this system is that it saves time. Columnar petty cash book is the primary book in which the money collected from the head cashier and the sum of expenditure for a certain period of time are recorded in chronological order of dates in separate money columns on both sides.

These are known as analysis columns and are used to divide the payments into different categories. This kind of Petty Cash Book is known as Analytical Petty cash Book. By Kimuli FredEnter the following transactions in the petty cash book of Odongo Steven having analysis columns for postage cleaning stationery travelling expenses and ledger March 2016 1st received for petty cash float 150000 1st bought stamps 4000 3rd paid for telegram 6000 7th paid for bus fare 10000 10th Gummer labels 2000 16th floor.

Analysis Columns Petty Cash Book By Ra_Sarah199 02 Sep 2022 Post a Comment Petty Cash Book Explanation Format Example Ordinary And Imprest System Accounting For Management. The bank columns in the cash book for June 2007 and the bank statements for that month for C. These will be individual columns in the petty cash book.

Free shipping on qualified orders. The petty cash book is normally maintained on a columned foundation - the separate column being allotted for each kind of outlay and is only 1 money column on the debit entry side and all sum got at times by the petty cashier from the chief bank clerk are entered in cash. The cash float brought down is 1000.

A Petty cash book is kept on Imprest system the amount of imprest being Rs1000 and has seven analysis columns for Postage and Telegrams Printing and Stationery Travelling Expenses Repairs Carriage Sundry Expenses and Personal Accounts. Petty cash is part of the overall business system that records how cash move from one account to another and how the fund is spent. The petty cash system is operated in two approaches.

This type enables the businessman to know the information about the amount being spent on each head of petty expense. Format of Analytical Petty Cash Book In big business apprehensions the petty cash book is maintained in analytical form with a detach column for each standard item of expense and a column for total. A petty cash book is kept under a petty cashier who is answerable to the main cashier.

In the Analytical Petty Cash Book a separate column is provided for recording a particular item of expenditure ie postage stationery travelling. The cash float is 450 and the amount spent is reimbursed on 30 November. 600 and the amount spent is reimbursed on 30 June 2018 June 1 Gayan - casual labour 18 2 Letterheadings 41 2 Ananda Motors - motor repairs 67 3 Cleaning materials 4 6 Envelopes 11 8 Petrol 22.

Rule up a petty cash book with analysis columns for office expenses motor expenses cleaning expenses and casual labour. To create a database. 2Imprest petty cash system.

Left hand side is used for recording receipts of cash which will be only from the main cashier and right hand side which is used for recording payments. Amounts spent are recorded in the credit column in each column. The credit side consists of several analysis columns.

Analytical Petty Cash Book. -Facilitate the implementation of a tiring job. Prepare a petty cash book for all the records of your expenditure made annually or monthly.

It also saves time in posting each item of petty payments unnecessarily in the ledger. The cash float is Rs. Rule up a petty cash book with analysis columns for office expenses motor expenses cleaning expenses and casual labour.

The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it. One major advantage of this analytical system is that it saves time. A column is used for each of the main types of expenses paid out of petty cash.

An Analytical Petty Cash Book has two sides. General ledger as on 31032011. Question 4 Rule up a petty cash book with analysis columns for office expenses motor expenses cleaning expenses and casual labour.

Credit side consists of more analysis columns in the petty cash book. 1Ordinary petty cash system. An analytical petty cash book on the other hand is a cash book that contains only one amount column on the receipt side and a number of different columns on the payment side for the head of expenses.

The Layout of a Petty Cash Book A Petty Cash Book resembles a ledger account with several money columns on the credit side. Prestly cash book for list of transactions below. This type of Petty Cash Book is known as Analytical Petty cash Book.

I The petty cash analysis columns headed Postage and Stationery and Travelling Expenses ii The transactions dated 9 and 23 April 2019. Petty cash in hand Rs350. Book Petty Cash Entry Debit Note for price adjustment Payment.

Grant are as follows. C Open the ledger accounts to complete the double entry for the following. B Enter the months transactions c Enter the receipt of the amount necessary to restore the imprest and down the balance for the commencement of the following month.

In such a cash book there are pre-existing columns for the usual expenses that recur quite frequently for an organization. Enter the following transactions. A Rule up a suitable petty cash book with analysis column for expenditure on cleaning motor expenses postage stationary Travelling.

A petty cash book is generally maintained on a columnar basis a separate column being allotted for each type of expenditure.

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