dont give handwritten answer QUESTION 1Azra has been managing her company's petty cash book for a year now. Her companypractice imprest system, in which the monthly imprest of RM3,000 will be restored on thefirst day for each month. Below are the transactions for the month of April 2021.a.b.4-56712222C.April11202329Received RM3,000 as the petty cash float.Cleaning expensesPostage stampsPaper clipsPaid Brian Jse, a trade creditor.EnvelopesPetrolDelivery van repairsCleaning expensesRequired:State TWO (2) advantages of maintaining the imprest system of petty cash.RM40046125350405001,100400List THREE (3) advantages of using a petty cash book.Enter the transactions above in a petty cash book with analysis columns for stationery,motor expenses, sundry expenses, and ledger account.

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Description: dont give handwritten answer QUESTION 1Azra has been managing her company's petty cash book for a year now. Her companypractice imprest system, in which the monthly imprest of RM3,000 will be restored on thefirst day for each month. Below are the tra

An Imprest System of Petty Cash means that the ledger account of petty cash will stay dormant at a…

Business

Accounting

Azra has been managing her company's petty cash book for a year now. Her company practice imprest system, in which the monthly imprest of RM3,000 will be restored on the first day for each month. Below are the transactions for the month of April 2021. RM b. April 1 5 6 C. 11 16 20 23 27 29 Received RM3,000 as the petty cash float. Cleaning expenses Postage stamps Paper clips Paid Brian Ise, a trade creditor. Envelopes Petrol Delivery van repairs Cleaning expenses 400 46 125 350 40 Required: a. State TWO (2) advantages of maintaining the imprest system of petty cash. 500 1,100 400 List THREE (3) advantages of using a petty cash book. Enter the transactions above in a petty cash book with analysis columns for stationery, motor expenses, sundry expenses, and ledger account.

Azra has been managing her company's petty cash book for a year now. Her company practice imprest system, in which the monthly imprest of RM3,000 will be restored on the first day for each month. Below are the transactions for the month of April 2021. RM b. April 1 5 6 C. 11 16 20 23 27 29 Received RM3,000 as the petty cash float. Cleaning expenses Postage stamps Paper clips Paid Brian Ise, a trade creditor. Envelopes Petrol Delivery van repairs Cleaning expenses 400 46 125 350 40 Required: a. State TWO (2) advantages of maintaining the imprest system of petty cash. 500 1,100 400 List THREE (3) advantages of using a petty cash book. Enter the transactions above in a petty cash book with analysis columns for stationery, motor expenses, sundry expenses, and ledger account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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