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PNDBF – Tutorial 11

PNDBF – Tutorial 11. Lim Sei Kee @ cK. Prepare the Petty Cash Vouchers. 1 st July – four boxes of paper clips at $0.50 each. ( Zirah ) 2 nd July – one box of tea bags at $1.60. ( Aiman ) 2 nd July – one packet of creamer at $2.20. ( Amal )

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PNDBF – Tutorial 11

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  1. PNDBF – Tutorial 11 Lim SeiKee @ cK

  2. Prepare the Petty Cash Vouchers • 1st July – four boxes of paper clips at $0.50 each. (Zirah) • 2nd July – one box of tea bags at $1.60. (Aiman) • 2nd July – one packet of creamer at $2.20. (Amal) • 3rd July – two bottles of window cleaning detergent at $2.50 each. (June)

  3. 4th July – four post-it notepads at $1.40 each. (Pudin) • 5th July – taxi fare at $6.00. (Dayu) • 7th July – two boxes of pencils at $3.50 per box. (Fatin) • 9th July – one farewell card at $2.50. (Fizah)

  4. Q Enter the payments to be made in the Petty Cash Book. Add up the amounts in the ‘Analysis Columns’ and check that the total agrees with that in the ‘Total Payments’ columns. Bring the balance down on 10th July and restore the imprest to $40.00.

  5. Record in the Petty Cash Book 30th June Petty cash in hand $6.50 Cash received $13.50 1st July Taxi fare $2.20 1st July Pencils $0.80 2nd July Soap $0.50 2nd July Post-it note $1.70 2nd July String $0.50 3rd July Farewell card $1.50

  6. 3rd July Stain-remover (carpet) $3.50 • 4th July Coffee sachets $2.50 • 4th July Wrapping paper & ribbon $1.50 • 5th July Towel for drying dishes $1.00 • 5th July One box of paper clips $1.40

  7. Fill in the blanks. (8 marks) 1. ( ) is kept in an office to reimburse small expenses incurred. • A staff member who has a petty cash claim must fill in a ( ).A ( ) must be attached to the voucher. 3. A ( ) is a slip of paper that shows the amount of money spent, the date and purpose of the expenditure.

  8. 4. The ( ) authorizes the payments to be made from petty cash. 5. The ( ) keeps all vouchers and receipts for recording purposes. 6. A ( ) is a book that records small amounts of money spent by office staff. 7. The ( ) is a fixed amount of money at the start of a period which serves as a petty cash fund.

  9. True or False? (3 marks) 8. The drawer = bank from which money is drawn. 9. The drawee= company or person who writes a cheque to make payment using money from their bank accounts. 10. The payer = company or person to whom money is to be paid by cheque

  10. True atau False? (3 marks) 11. Cash cheque- allows anyone who presents it to the bank to obtain cash from the drawer’s bank account. 12. Crossed cheque– does not allow cash to be drawn over the bank counter, but must be paid directly into a bank account. 13. Post-dated cheque– dated in advance and can be cashed only after the date written on it.

  11. Q (6 marks) 14. What are the common methods of payment? a) b) c) d) e) f)

  12. Group presentation • 1. What is petty cash? • 2. What is an imprest? • 3. Explain the different headings in the ‘Analysis Columns’ on a page of the Petty Cash Book. • 4. Explain the purpose of cheque. • 5. Describe the different types of cheques.

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