1
(a) Why do some businesses keep a petty cash book as well as a cash book?
(b) Kathryn Rochford keeps her petty cash book on the imprest system, the imprest being £25. For
the month of April 2009 her petty cash transactions were as follows:
(i
) Enter the above transactions in the petty cash book and balance the petty cash book at
30 April, bringing down the balance on 1 May.
(ii
) On 1 May Kathryn Rochford received an amount of cash from the cashier to restore the
imprest. Enter this transaction in the petty cash book.
(c) Open the ledger accounts to complete the double entry for the following:
(i
) The petty cash analysis columns headed
Postage and Stationery
and
Travelling Expenses;
(ii
) The transactions dated 9 and 23 April 2009.
(Northern Examinations and Assessment Board: GCSE)