Petty Cash

[LemonMuffin1]

has any one dont the foundation practice stimulation in particular refrence to the petty cash book , because i am confused , i have done all the entering , its just the balancing up of it i dont get , do you treat it like a normal ledger account and b/cd etc and should you enter receipts side a cheque from the bank in respect of the total of vouchers even though it doesnt ask you , i just can not get my head round it !!

[Amanda258]

Do you know which Sim you are doing?<BR>Each sim has different questions regarding the petty cash, ie is it imprest system?? or a set amount to top up etc!!<BR><BR>Let me know the sim you are doing and I will have a look to see if its one i have done!<BR><BR>Amanda

[LemonMuffin1]

its the one for unit two

[Amanda258]

I ment, from which book??<BR>Whats the company that it says you work for?<BR><BR>

[LemonMuffin1]

Its not from any book its the one i have to send away to get feedback the company is , i think america paper something or other its the one where the accountant is alex cook

[Columbia]

Hi<BR><BR>When you do Petty Cash, you should have a layout similar to this below (Based on Imprest of £150)<BR><BR> <BR><BR>RECEIPTS DATE DETAILS Voucher Total Net Vat Postage Stationery Travel Etc<BR> No Payment<BR><BR>B/F 44.00 1/2 B/F Balance<BR><BR> 106.00 2/2 Restore Imprest<BR><BR> 3/2 Stationery 1 4.18 3.56 0.62 4.18<BR> <BR> 5/2 Postage 2 7.22 7.22 7.22<BR> <BR> 28/2 Fuel 3 14.10 12.00 2.10 14.10<BR><BR> 25.50 22.78 2.72 7.22 4.18 14.10<BR><BR> 28/2 Balance C/F 124.50<BR><BR> 150.00 150.00<BR><BR> 124.50 1/3 Balance B/F<BR><BR> 25.50 1/3 Bank restore Imprest <BR><BR> 2/3 Stationery (Continue new month entries as you did previously)<BR><BR><BR> <BR>Hope that you can make some sort of sense of this, it doesn't help that there are no lines on the pages, but I hope you can understand what I am getting at.<BR><BR>Tracy <BR><BR><BR>

[Columbia]

Hi there<BR><BR>I would just like to point out that when I submitted the petty cash diagram it actually went across the page, but obviously for some reason it has decided to display itself going down the page, I'm sorry that it now looks a confusing mess but I assure you that when I typed it out it made perfect sense!<BR><BR>Tracy

[LemonMuffin1]

Hello<BR>Its task 8 the petty cash book <BR>The company os Amica Printing Company <BR>Bal bd is 80.88<BR>total of payments 22.98<BR>that bit i get and understand<BR>its the bit after that the interim bal c/d on both payments and receipt sides<BR>and interim bal b/d on both sides , confused