Amount to be reimbursed at the end of the month is

Use the following information to answer questions 6 and 8
Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being #4,000. The following transactions took place for a particular month:
#
Dec 1       Petty cash in hand                                     517
1               Petty Cash to imprest amount                      3,483
6              Bought note books                                    328
7              Paid Wages                                                 914
14            Bought postage stamps                            375
16            Paid to J. Thomas Stamps, a creditor   536
 
6) Amount to be posted to the personal ledger is
a) #765
b) #585
c) #536
d) #517
7) Amount spent on stationery is
a) #765
b) #585
c) #538
d) #37
8) Amount to be reimbursed at the end of the month is
a) #4,000
b) #3,728
c) #3,483
d) #1,842

2 thoughts on “Amount to be reimbursed at the end of the month is

Leave a Reply to GbadeboCancel reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: