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Menon uses the Imprest system for its petty cash being an imprest of RM350. Balanced the account at 30 April 2020 and show the amount of cash drawn from the bank to restore the imprest on 1 May 2022. 2022 April 1 Balance brought forward 1 4 6 10 12 15 16 18 20 23 25 28 30 Drew cash from bank to restore the imprest Postage stamps Bus fare reimbursed 9 Petrol Stationery Bus fare Paid RM 16 to Peter.- this was to refund an overpayment on his account Stamps Motor vehicle repairs Stationery Petrol Miscellaneous Parcel post charges Travelling expenses RM 155 ? 20 25 38 2 30 35 47 28 17 19 38 15 Required: Draw up Menon's petty cash book, using the following analysis columns: postage; travelling expenses; motor vehicle expenses; stationery; sundry expenses.

Menon uses the Imprest system for its petty cash being an imprest of RM350. Balanced the account at 30 April 2020 and show the amount of cash drawn from the bank to restore the imprest on 1 May 2022. 2022 April 1 Balance brought forward 1 4 6 10 12 15 16 18 20 23 25 28 30 Drew cash from bank to restore the imprest Postage stamps Bus fare reimbursed 9 Petrol Stationery Bus fare Paid RM 16 to Peter.- this was to refund an overpayment on his account Stamps Motor vehicle repairs Stationery Petrol Miscellaneous Parcel post charges Travelling expenses RM 155 ? 20 25 38 2 30 35 47 28 17 19 38 15 Required: Draw up Menon's petty cash book, using the following analysis columns: postage; travelling expenses; motor vehicle expenses; stationery; sundry expenses.

FINANCIAL ACCOUNTING
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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**Question 3** Menon uses the Imprest system for its petty cash, being an imprest of RM350. Balance the account as of 30 April 2022 and show the amount of cash drawn from the bank to restore the imprest on 1 May 2022. **2022** | Date | Details | RM | |------------|-------------------------------------------|-----| | April 1 | Balance brought forward | 155 | | | Drew cash from bank to restore the imprest| ? | | April 4 | Postage stamps | 20 | | April 6 | Bus fare reimbursed | 25 | | April 9 | Petrol | 15 | | April 10 | Stationery | 38 | | April 12 | Bus fare | 2 | | April 15 | Paid **RM16** to Peter - this was to refund an overpayment on his account | - | | April 16 | Stamps | 30 | | April 18 | Motor vehicle repairs | 35 | | April 20 | Stationery | 47 | | April 23 | Petrol | 28 | | April 25 | Miscellaneous | 17 | | April 28 | Parcel post charges | 19 | | April 30 | Travelling expenses | 38 | **Required:** Draw up Menon's petty cash book, using the following analysis columns: postage; travelling expenses; motor vehicle expenses; stationery; sundry expenses.
Transcribed Image Text:**Question 3** Menon uses the Imprest system for its petty cash, being an imprest of RM350. Balance the account as of 30 April 2022 and show the amount of cash drawn from the bank to restore the imprest on 1 May 2022. **2022** | Date | Details | RM | |------------|-------------------------------------------|-----| | April 1 | Balance brought forward | 155 | | | Drew cash from bank to restore the imprest| ? | | April 4 | Postage stamps | 20 | | April 6 | Bus fare reimbursed | 25 | | April 9 | Petrol | 15 | | April 10 | Stationery | 38 | | April 12 | Bus fare | 2 | | April 15 | Paid **RM16** to Peter - this was to refund an overpayment on his account | - | | April 16 | Stamps | 30 | | April 18 | Motor vehicle repairs | 35 | | April 20 | Stationery | 47 | | April 23 | Petrol | 28 | | April 25 | Miscellaneous | 17 | | April 28 | Parcel post charges | 19 | | April 30 | Travelling expenses | 38 | **Required:** Draw up Menon's petty cash book, using the following analysis columns: postage; travelling expenses; motor vehicle expenses; stationery; sundry expenses.
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