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Standard XII
Accountancy
Inventory
Petty Cash Bo...
Question

Petty Cash Book may be treated as a __________________.

A
Part of the double entry system
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B
Merely as a memoranda book
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C
Either (A) or (B)
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D
None of the above
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Solution

The correct option is B Merely as a memoranda book
Petty Cash Book may be treated as a Merely as a memoranda book

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Q. Journal entry for cash handed over to the petty cashier is :-
Petty Cash A/c Dr.
To Cash A/c
Q. A Petty Cashier in a firm received ​₹ 15,000 as the petty cash imprest on 4th June, 2018. During the week, his expenses were as follows:
2018 ₹
June 4 Conveyance charges for Manager's trip to the city 500
June 4 Wages to casual labourers 1,500
June 5 Bus fare to workmen sent to customer's premises 200
June 5 Stationery purchased for ₹ 1,000 plus CGST and SGST @ 6% each
June 6 Sent documents to Head Office by registered post 400
June 6 Postage stamps purchased 1,000
June 6 Revenue stamps for payment of wages 500
June 7 Repair of printer 400
June 7 Paid electricity bill 1,700
June 8 Wages paid to coolies for shifting furniture, etc. 400
June 8 Taxi fare to Assistant Manager 500
June 8 Letters by registered post sent to different suppliers 1,000
June 8 Locks purchased for ₹ 800 plus CGST and SGST @ 6% each
June 8 Stationery purchased for ₹ 400 plus CGST and SGST @ 6% each
June 8 Refreshments to customers
200

Write up the Analytical Petty Cash Book and draft the necessary Journal entries for the payments made.
Q. The closing balance of petty cash book is considered as a/an .
Q. With Goods and Services Tax (GST)

A Petty Cashier in a firm received ​₹15,000 as the petty cash imprest on 4th June, 2017. During the week, his expenses were as follows:
2017 ₹
June 4 Conveyance charges for Manager's trip to the city 500
June 4 Wages to casual labourers 1,500
June 5 Bus fare to workmen sent to customer's premises 200
June 5 Stationery purchased for ₹1,000 plus CGST and SGST @ 6% each
June 6 Sent documents to Head Office by registered post 400
June 6 Postage stamps purchased 1,000
June 6 Revenue stamps for payment of wages 500
June 7 Repair of typewriter 400
June 7 Paid electricity bill 1,700
June 8 Wages paid to coolies for shifting furniture, etc. 400
June 8 Taxi fare to Assistant Manager 500
June 8 Letters by registered post sent to different suppliers 1,000
June 8 Locks purchased for ₹800 plus CGST and SGST @ 6% each
June 8 Stationery purchased for ₹400 plus CGST and SGST @ 6% each
June 8 Refreshments to customers
200

Write up the Analytical Petty Cash Book and draft the necessary Journal entries for the payments made.
Q. Cash book is a type of _______but treated as a _______of accounts.
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