ASSIGNMENT OF ACC 111-PRINCIPLES OF ACCOUNTING 1 FOR BOTH FULL TIME AND PART TIME

                         PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

                               "IN ALL YOUR GETTING GET WISDOM". 

NOTICE: STUDENTS DON`T COPY YOURSELVES, JUST BE YOURSELF. IT IS WELL WITH OUR SOUL ALLAHUMO KUNFAYAKUN AMIN.

TO WHOM: 

* ND ACCOUNTANCY DEPARTMENT 

* ND BUSINESS ADMINISTRATION

* ND OFFICE TECHNOLOGY AND MANAGEMENT DEPARTMENT 

* ND COMPUTER SCIENCE

FOR MENTAL FACULTY:  CLICK                                                https://britstutors.blogspot.com/2019/12/mychoco-alkaline-chocolate-drink-and.html

FOR PREVIOUS LECTURE NOTES, CLICK
https://britstutors.blogspot.com/2018/11/introduction-to-accounting-note.html
 

 https://britstutors.blogspot.com/2020/01/assignment-of-acc-111-for-both-full.html

https://britstutors.blogspot.com/2020/01/ 

https://britstutors.blogspot.com/2019/03/pilot-on-acc-111-principles-of.html 

Sogbae Nigeria 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:

December 16, 2019  Postage stamps purchased N3,500.

December 16, 2019  Fare on delivery parcel  N2,500.

December 17, 2019  Cost of registration letter  N9,500.

December 18, 2019  Petrol for van  N7,500.

December 19, 2019  Advertisement on local Newspaper  N10,000.

December 19, 2019  Paid creditor  N10,000.

December 20, 2019  Paid for tea and milk for office staff  N5,500.

December 23, 2019  Petrol and oil for van  N7,500.

December 23, 2019  Postage on parcel  N2,500.

December 24, 2019  Traveller`s order book bought  N4,000.

December 25, 2019  Paid creditor  N10,000.

December 26, 2019  Transport fare to Ikoyi N5,000.

December 26, 2019  Paid officer cleaners  N6,000.

December 27, 2019  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 December 2019.                                            

   ii.       Four week of December 2019.                                             

 HINTS:

             i. Third week of December 2019 is from  December 16, 2019 to December 22, 2019.

ii. Fourth week of December 2019 is from December 23, 2019 to December 29, 2019