Question
What is ‘Imprest System' of Petty Cash Book?
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| ₹ | |
| Cash in Hand. | 20,000 |
| Sundry Dedtors. | 60,000 |
| Stock of Goods. | 40,000 |
| Input IGST Account. | 15,000 |
| Input SGST Account. | 5,000 |
| Plant. | 50,000 |
| Land and Building. | 1,00,000 |
| Sundry Creditors. | 1,00,000 |
|
2019
|
Particular
|
₹
|
|
Jan-1
|
Bought computer for resale for cash vide Cash Memo No. 512*
|
7,200
|
|
Jan-8
|
Salary paid for the month of December, 2018
|
10,000
|
|
Jan-10
|
Sold computer for cash vide Cash Memo No. 64*
|
12,000
|
|
Jan-15
|
Withdraw cash from bank for office use vide cheque No. 13456
|
1,700
|
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May 1
|
Balance of Cash in Hand ₹ 12,400; Bank Overdraft ₹ 36,000
|
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May 3
|
Direct deposit by Mr. Ganesh in our bank account ₹ 10,000. Discount allowed ₹ 200
|
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May 5
|
Issued a cheque of ₹ 7,700 to Mr. Suresh in full settlement of his account of ₹ 8,000
|
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May 6
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Received a cheque from X for ₹ 12,000. Discount allowed ₹ 500. This cheque was deposited into bank on 7th May
|
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May 8
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Received Cash ₹ 22,000 and cheque of ₹ 8,000 for cash sale
|
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May 12
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Cash sale ₹ 70,000 of which ₹ 55,000 banked
|
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May 15
|
Cheque received on 8th May endorsed to Mr. Sunil. Discount received ₹ 150
|
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May 20
|
Discounted a B/R of ₹ 10,000 at 1% through bank
|
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May 24
|
Cheque received from X dishonoured, Bank debits ₹ 20 in respect of bank charges
|
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May 25
|
Purchased goods for ₹ 50,000 at a trade discount of 10%. Payment was made in cash
|
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May 26
|
Withdrew from bank ₹ 10,000 for office use and ₹ 2,000 for personal use
|
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May 31
|
Interest debited by Bank ₹ 4,500
|