ACC 111-PRINCIPLES OF ACCOUNTING 1- ASSIGNMENT 5 FOR FULL TIME

FeyinkogbonNigeria Limited is maintaining a petty cash book with the following analysis

column: postage, transport, general expenses, advertisement and fuel.

The cashier is given a cash float of N50,000, reimbursement being made to cashier at the

end of each week.

   The following transactions took place:

   July 16, 2018  Postage stamps purchased N3,500.

   July 16, 2018  Fare on delivery parcel  N2,500.

   July 17, 2018  Cost of registration letter  N9,500.

   July 18, 2018  Petrol for van  N7,500.

   July 19, 2018  Advertisement on local Newspaper  N10,000.

   July 19, 2018  Paid creditor  N10,000.

   July 20, 2018  Paid for tea and milk for office staff  N5,500.

   July 23, 2018  Petrol and oil for van  N7,500.

   July 23, 2018  Postage on parcel  N2,500.

   July 24, 2018  Traveller`s order book bought  N4,000.

   July 25, 2018  Paid creditor  N10,000.

   July 26, 2018  Transport fare to Ikoyi N5,000.

   July 26, 2018  Paid officer cleaners  N6,000.

   July 27, 2018  Cash count N15,000.

   From the knowledge acquired through the study of petty cash book, you are required

   to :

(a)    Prepare petty cash book from the above information. 

(b)   How much is the reimbursement for:

i.                    Third week of July 2018.                                              

ii.                  Four week of July 2018.                                 

HINTS:

i. Third week of July 2018 is from July 16, 2018 to July 22, 2018.

ii.  Fourth week of July 2018 is from July 23, 2018 to July 29, 2018

NOTICE: TO BE SUBMITTED ON FRIDAY 8 FEBRUARY, 2019 ON OR BEFORE 9A.M

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ACC 111-PRINCIPLES OF ACCOUNTING 1 COURSE OUTLINE:

https://britstutors.blogspot.com/2018/11/acc-111-principles-of-accounts-1-course.html

Assignment  1 and 2 for Full-Time:

https://britstutors.blogspot.com/2018/12/assignment-on-acc-111-principles-of.html

Assignment 3 for Full-Time: 

https://britstutors.blogspot.com/2019/01/acc-111principles-of-accounting-1.html   

Assignment 4:

https://britstutors.blogspot.com/2019/01/acc-111principles-of-accounting-1_28.html 

ACC 111 TEST(04022019:2-4PM) 

https://britstutors.blogspot.com/2019/02/acc-111-principles-of-accounting-1-test.html

ACC 111 Lecture Notes: 

https://britstutors.blogspot.com/2018/11/introduction-to-accounting-note.html

ACC 101 Lecture Notes:

https://britstutors.blogspot.com/2018/11/acc-101-introduction-to-accounting.html 

Financial Statements:

https://britstutors.blogspot.com/2018/11/financial-statements.html 

Text Book by Patriot Odunaro B.J:

https://britstutors.blogspot.com/2018/10/principles-of-accounting-1-textbook-by.html 

13 Review Questions:

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