Page 189 - Microsoft Word - 00 BA3 IW Prelims STUDENT.docx

Accounting reconciliations

Example 2: Solution

Debit Total Stat’y Clean’g Ent’ment Travel Post
($) Date Details ($) ($) ($) ($) ($) ($)
350 1 Nov Cashier
2 Nov
3 Nov
6 Nov
8 Nov
10 Nov
14 Nov
15 Nov
16 Nov
20 Nov
21 Nov
23 Nov
27 Nov
29 Nov
30 Nov
–––
30 Nov Cashier
30 Nov Balance c/d
––– ––– ––– ––– ––– ––– –––

The amount reimbursed is equal to the amount paid from the petty cash, i.e.
$321. This will be taken from the bank account into petty cash.

Illustrations and further practice

183