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Chapter 2

Q. 2.4

From the following details, write up the analysed petty cash book of Edgar Ramirez’s
business:
1  October Petty cash book opened with a float of £100
2  October Repair to office chair £14
3  October Bought milk for office £8
4  October Made cash donation to local charity £5
5  October Paid £36 for a train ticket
6  October Paid a car parking charge of £7
7  October Paid a laundry bill of £19.
8  October Petty cash float topped up to the original amount
Provide columns that summarise travel, laundry, repairs, refreshments and other
expenses.

Step-by-Step

Verified Solution

Petty cash book
Date Details Debit Credit Balance Travel Laundry Repairs Refreshments Other
1-Octobar Transfer:
Cash
Account
100 100 Dr
2-Octobar Chair
repair
14 86 Dr 14
3-Octobar Milk 8 78 Dr 8
4-Octobar Charity
donation
5 73 Dr 5
5-Octobar Train
ticket
36 37 Dr 36
6-Octobar Car
parking
7 30 Dr 7
7-Octobar Laundry 19 11 Dr 19
8-Octobar Transfer:
Cash
Account
89 100 Dr
43 19 14 8 5