The following is a summary of Yara Cafe's petty cash transactions for a week:          Income                              RM Opening balance                  600 Sale o=f stamps                      20 Sale of paper                           60       Expenditure                     RM Travelling expenses            200 Subsistence expenses        180 Petty cash is maintained using the imprest system.  What sum should be reclaimed by the cashier at the end of the week?   Select one: A. RM380 B. RM300 C. RM600 D. RM200

Q: Nakashima Gallery had the following petty cash transactions in February of the current year.…

A: A pettey cash fund is prepared to deal with day to day expenses.it is utilised by companies to…

Q: PT. Manukdadali has $100 maximum in Petty Cash. On June 27, 2022 the Petty Cash of PT. Manukdadali…

A: Cash spend is $92

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: The Crying Fish has a change fund of $300. Cash sales on August 10 per the cash register are $1,125.…

A: Change fund is a set of money used by the department to make change to the customers, who purchase…

Q: Nakashima Gallery had the following petty cash transactions in February of the current year.…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: Instructions Based on the following information, prepare the weekly entries for cash receipts from…

A: Cash short and over refers to the difference between the amount of cash that should be on hand…

Q: A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash…

A: Lets understand the basics.Entity creates petty cash by moving some few amount of money into petty…

Q: Accounting for petty cash transactions On September 1, Party Salad Dressings creates a petty cash…

A: 1. Explain the characteristics and features of an imprest system.Characteristics and internal…

Q: Record the following transactions into the general journal.  Be sure to include explanations.  When…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Current Attempt in Progress On March 20, Sheridan's petty cash fund of $104 is replenished when the…

A: Petty cash means where a separate cash book is maintained which is usually deals with the small…

Q: Help

A: Petty cash fund: It is a fund established to pay insignificant amounts like postage, office supplies…

Q: March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Sahara Company's Cash account shows an ending balance of $650. The bank statement shows a $29…

A: BANK RECONCILIATION Bank Reconciliation Statement is the Statement of Reconciliation of Cash Balance…

Q: Journalize the entries to record the following: March 1 Established a petty cash fund of $877.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: At the end of the day the clerk for Aaron's Variety Shop noticed an error in the amount of cash he…

A: The journal entries are prepared to record the transactions on regular basis. Adjustment entries are…

Q: Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the following…

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

Q: At the end of the day, the cash register's record shows $1,254, but the count of cash in the cash…

A: The cash short and over records the difference in amount of cash register and cash count. It can…

Q: 1. A petty cash fund had $200 and the cash payments report shows $300 in miscellaneous expenses and…

A: The journal entries are prepared to record the transactions on regular basis. The petty cash fund is…

Q: On Jan. 14, the petty cash fund needed replenishment, and the following are the receipts: Auto…

A:

Q: Using the following information, prepare the journal entries to: a. Establish a $200 petty cash…

A: a.

Q: A petty cash fund was originally established witha cheque for $150. On December 31, you find the…

A: PETTY CASH ARE SMALL AMOUNT OF FUNDS IN THE FORM OF CASH USED FOR MAKING OUT EXPENSITURE WHERE IT IS…

Q: Raj Department store has one cash register. On a recent day, the cash register tape reported sales…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Pelcher Company maintains a $500 petty cash fund. On January 31, the fund is replenished. The…

A: Petty cash fund is the cash kept aside for petty/ small expenses. Petty cash is replenished by…

Q: At the end of each day, Spangle counts the cash in its cash registers. Spangle then compares the…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: 4. Robinson Legal Services, Inc. established a $220 petty cash fund. During the month, the fund was…

A: Petty cash means where the separate cash book is maintained which is usually deals with the small…

Q: The Tempest Company is setting a petty cash. 1A-Prepare the entry to set up a petty cash for three…

A: Petty cash fund is that fund which is maintained for small petty expenses in the business. Imprest…

Q: 9. Enter the following transaction in a Petty Cash Book (attached), with analysis columns: postag…

A: A petty cash book is maintained to record small expenses incurred for running the office. These…

Q: At the end of the day, the cash register tape shows $1.000 in cash sales but the count of cash in…

A: The journal entries are prepared to record the transactions on regular basis. The cash short and…

Q: petty cash fund

A: Petty cash fund is a small fund made of cash to meet the routine expenses of business.

Q: A. Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the…

A: Petty cash funds are those funds which are maintained or established for small petty expenses in the…

Q: A $220 petty cash fund has cash of $10 and receipts of $206. The journal entry to replenish the…

A: In simple, replenish means to restore something. Replenishment of petty cash fund means to add the…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.