Presentation is loading. Please wait.

Presentation is loading. Please wait.

PETTY CASH BOOK.

Published byGarry Holland Modified over 9 years ago

Similar presentations

Presentation on theme: "PETTY CASH BOOK."— Presentation transcript:

1 PETTY CASH BOOK

2 Pre-Learning Debit & Credit rules
Debit the Receiving – opening balance, imprest Credit the Giving – expenses paid Balancing Rules Balance in on the short side Total each side Bring down the balance to the opposite side Headings for Petty Cash Book Analysis headings given in question All expenses go into the Total column + one analysis column Analysis Headings Date Details Total V. No. Post Travel Clean

3 Petty Cash Sample Q1 Record the following transactions in the petty cash book: 1/1/2012 Opening Petty Cash Book balance €200 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4 Balance the account at the end of the month and restore the imprest Use the following headings: Postage, Travel, Cleaning

4 1/1/2012 Opening Petty Cash Book balance €200
Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Petty Cash Book balance €200

5 Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012
Opening Bal. 200.00

6 Petty Cash Book Date Details Total V. No. Post Travel Clean 3/1/2012
Postage €2.50 Voucher No. 1 Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage €2.50 Voucher No. 1

7 Petty Cash Book Date Details Total V. No. Post Travel Clean
1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

8 Petty Cash Book Date Details Total V. No. Post Travel Clean 5/1/2012
Taxi €7.50 Voucher No. 2 Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

9 Petty Cash Book Date Details Total V. No. Post Travel Clean
1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

10 18/1/2012 Cleaning €12.00 Voucher No. 3
Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

11 Petty Cash Book Date Details Total V. No. Post Travel Clean
1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 Cleaning 3 12.00 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

12 Petty Cash Book Date Details Total V. No. Post Travel Clean 25/1/2012
Postage €5.50 Voucher No. 4 Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 Cleaning 3 12.00 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

13 Petty Cash Book Date Details Total V. No. Post Travel Clean
1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 Cleaning 3 12.00 25/1/2012 4 5.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

14 Petty Cash Book Date Details Total V. No. Post Travel Clean 31/1/2012
Balance c/d Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 Cleaning 3 12.00 25/1/2012 4 5.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4

15 1. Balance in on the short side
Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 1 2.50 5/1/2012 Taxi 2 7.50 Cleaning 3 12.00 25/1/2012 4 5.50 31/1/2012 Balance c/d 172.50 3/1/2012 Postage €2.50 Voucher No. 1 5/1/2012 Taxi €7.50 Voucher No. 2 18/1/2012 Cleaning €12.00 Voucher No. 3 25/1/2012 Postage €5.50 Voucher No. 4 Debit Credit 200 27.50 172.50

16 Petty Cash Book Date Details Total V. No. Post Travel Clean
2. Total Each Side Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 2.50 5/1/2012 Taxi 7.50 18/1/2012 Cleaning 12.00 25/1/2012 5.50 31/1/2012 Balance c/d 172.50 8.00

17 3. Bring down balance to opposite side
Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 2.50 5/1/2012 Taxi 7.50 18/1/2012 Cleaning 12.00 25/1/2012 5.50 31/1/2012 Balance c/d 172.50 8.00 1/2/2012 Balance b/d

18 Petty Cash Book Date Details Total V. No. Post Travel Clean
Restore the Imprest Petty Cash Book Date Details Total V. No. Post Travel Clean 1/1/2012 Opening Bal. 200.00 3/1/2012 Postage 2.50 5/1/2012 Taxi 7.50 18/1/2012 Cleaning 12.00 25/1/2012 5.50 31/1/2012 Balance c/d 172.50 8.00 1/2/2012 Balance b/d Imprest 27.50

19 Petty Cash Sample Q2 Record the following transactions in the petty cash book: 1/2/2012 Opening Petty Cash Book balance €200 3/2/2012 Paper €4.50 Voucher No. 11 5/2/2012 Bus fare €3.50 Voucher No /2/2012 Detergents €21.00 Voucher No /2/2012 Envelopes €5.50 Voucher No. 14 Balance the account at the end of the month and restore the imprest Use the following headings: Stationery, Travel, Cleaning

20 Petty Cash Book Date Details Total V. No. Stationery Travel Clean
1/1/2012 Opening Petty Cash Book balance €200

Download ppt "PETTY CASH BOOK."

Similar presentations

Journalizing Transactions Kayla Wegley

Journalizing Transactions Kayla Wegley
PETTY CASH. PURPOSE  Money is used to buy small items, particularly when cash is needed to pay for them.  Examples – postage, stamps, travel expenses,

PETTY CASH. PURPOSE  Money is used to buy small items, particularly when cash is needed to pay for them.  Examples – postage, stamps, travel expenses,
Ledger  The book which contains accounts is known as the Ledger.  Transactions relating to a particular account for a given period are brought together.

Ledger  The book which contains accounts is known as the Ledger.  Transactions relating to a particular account for a given period are brought together.
Petty Cash Book.

Petty Cash Book.
Petty Cash.

Petty Cash.
© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.
Chapter 3 Analyzing Transactions into Debit and Credit Parts.

Chapter 3 Analyzing Transactions into Debit and Credit Parts.
An accounting device used to analyze transactions is a called a/an ____________ T ACCOUNT.

An accounting device used to analyze transactions is a called a/an ____________ T ACCOUNT.
Double-entry accounting. Introduction Every financial accounting transaction must be recorded twice in the accounts of a business: it must have one debit.

Double-entry accounting. Introduction Every financial accounting transaction must be recorded twice in the accounts of a business: it must have one debit.
Petty Cash System- what is it?

Petty Cash System- what is it?
LEVEL 2 AAT Balancing a ledger account. Step 1: Total both the debit and the credit side of the ledger account and make a ‘sun total’ note of each total.

LEVEL 2 AAT Balancing a ledger account. Step 1: Total both the debit and the credit side of the ledger account and make a ‘sun total’ note of each total.
PPTs to accompany Accounting and Bookkeeping Principles and Practice by AAT & David Willis  2011 McGraw-Hill Australia Pty Ltd CHAPTER 9 Controls over.

PPTs to accompany Accounting and Bookkeeping Principles and Practice by AAT & David Willis  2011 McGraw-Hill Australia Pty Ltd CHAPTER 9 Controls over.
Chapter 9, Section 3.  What is petty cash used for?  Petty Cash Report Used to account for petty cash payments and show if cash is short or over. Cash.

Chapter 9, Section 3.  What is petty cash used for?  Petty Cash Report Used to account for petty cash payments and show if cash is short or over. Cash.
Chapter 5, Section 4 Petty Cash

Chapter 5, Section 4 Petty Cash
13-1 Copyright  2006 McGraw-Hill Australia Pty Ltd PPTs t/a Introductory Accounting 2r, by David Willis By Kaye Watson Chapter 13 – Petty Cash Learning.

13-1 Copyright  2006 McGraw-Hill Australia Pty Ltd PPTs t/a Introductory Accounting 2r, by David Willis By Kaye Watson Chapter 13 – Petty Cash Learning.
Amity School of Business Recording Of Transactions Module II.

Amity School of Business Recording Of Transactions Module II.
The analytical petty cash book and the imprest system

The analytical petty cash book and the imprest system
Subsidiary Books - Cash Transaction

Subsidiary Books - Cash Transaction
Accounting For Cash Cash includes Currency, coins, money orders on hand Checking and money market accounts Undeposited checks on hand Cash equivalents.

Accounting For Cash Cash includes Currency, coins, money orders on hand Checking and money market accounts Undeposited checks on hand Cash equivalents.
CENTURY 21 ACCOUNTING © Thomson/South-Western Accounting Equation 1 LESSON 2-1 value of all things owned (assets) values of all equities (claims against)

CENTURY 21 ACCOUNTING © Thomson/South-Western Accounting Equation 1 LESSON 2-1 value of all things owned (assets) values of all equities (claims against)

Similar presentations

Ads by Google