cameroon gce intermediate level international financial accounting / computer aided accounting 2

cameroon gce intermediate level international financial accounting / computer aided accounting 2

cameroon gce intermediate level international financial accounting / computer aided accounting 2

You are given the following information extracted from the books of OKU a petty cashier.
2009
May 1 Received imprest of F CFA 20,000
1. Brought postages stamps F CFA 2,000
2. Taxi fare F CFA 1,000
2. Donations to charity F CFA 500
3. Purchase Loose – leaf ledger and supply of ball – point pens F CFA 35,000
4. Brought Ink blotting paper and supply of spare paper F CFA 2,750
4. Paid for tea, milk and sugar for office use for the week F CFA 2,750
5. Bought cleaning materials F CFA 750
6. Paid office cleaner’s wages F CFA 5 000
6. Sundry Fares F CFA 800
Required

(a) Rule up a suitable petty cash book with analysis columns for expenditure.
(b) What do you understand by the “the imprest system”. How does it operate
(16 marks)
(4 marks)
(Total 20 marks)

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