Petty cash fund had an opening balance of RO 200. During the month the receipts were RO 45 petrol, 50 office stationery, RO55 staff welfare and 30 travelling and there was RO 10 left in the petty cash box. How much is the amount required to be refill in the petty cash fund?

Petty cash fund had an opening balance of RO 200. During the month the receipts were RO 45 petrol, 50 office stationery, RO55 staff welfare and 30 travelling and there was RO 10 left in the petty cash box. How much is the amount required to be refill in the petty cash fund?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 4CE

See similar textbooks

Similar questions

On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions: A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $20. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837.
Petty cash fund had an opening balance of RO 700.During the month the receipts were RO 245 petrol,85 office stationery,RO125 staff welfare and 90 travelling and there was RO 145 left in the petty cash box.How much is the amount required to be refill in the petty cash fund? a. RO 750 b. RO 765 c. RO 650 d. RO 555
Petty cash fund had opening balance of RO 400. During the month the receipts were RO RO 65 staff welfare, 195 petrol, 75 office stationery, and 55 travelling and there was RO 20 left in the petty cash box. The fund amount was raised to RO 500 from the end of the month. The amount required to refill the fund will be a. RO 500 b. RO 480 c. RO 490 d. RO 485
CAT LLC had an opening balance of RO 200 in petty cash. During the month the receipts were RO 65 petrol, RO 25 office stationery, RO 65 staff welfare and RO 30 travelling and there was RO 12 left in the petty cash box. The fund amount was raised to RO 300 from the end of the month. The amount required to refill the fund will be a. RO 185 b. RO 285 c. RO 188 d. RO 288
RAK company started a Petty cash fund. During the month the receipts were RO 235 petrol, 125 office stationery, RO 145 staff welfare and RO 75 travelling and there was RO 15 left in the petty cash box. There was shortage in the Petty for RO 15. The Opening balance of Petty cash is a. RO 600 b. RO 575 c. RO 610 d. RO 590
ABC LLC started a Petty cash fund.During the month the receipts were RO 135 petrol, 125 office stationery, RO 165 staff welfare and RO 75 travelling and there was RO 20 left in the petty cash box.There was overage in the Petty for RO 10.The Opening balance of Petty cash is. a. RO 510 b. RO 285 c. RO 490 d. RO 500 ****please reply soon and faste*********
The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain Credit to Cash Short & Over for $5. A credit to Petty Cash for $80. A debit to Cash Short & Over for $5. A debit to Petty Cash for $80.
On September 1, French company has decided to initiate a petty cash fund in the amount of $800. A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $126, Postage Expense $260, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $55. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $19, Supplies $180, Postage Expense $60, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $90, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $191. The cash on hand at this time was $30. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty…
On September 1, French company has decided to initiate a petty cash fund in the amount of $800. A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $260, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $57. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $20, Supplies $170, Postage Expense $60, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $90, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $191. The cash on hand at this time was $30. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty…
SUN LLC started a Petty cash fund. During the month the receipts were RO 235 petrol, 125 office stationery, RO 155 staff welfare and RO 115 travelling and there was RO 30 left in the petty cash box. There was overage in the Petty for RO 10. The Opening balance of Petty cash is a. RO 660 b. RO 600 c. RO 640 d. RO 650
On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions: On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $20. On September 29, the company determined that the petty cash fund needed to be increased…
On September 1, French company has decided to initiate a petty cash fund in the amount of $850. A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $120, Postage Expense $260, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $111. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $19, Supplies $170, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $230. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $90, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $251. The cash on hand at this time was $20. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty…