Page 53 - DMGT403_ACCOUNTING_FOR_MANAGERS

Accounting for Managers

Notes 2009
Jan. 1 Received cheque from head cashier 100.00
Jan. 2 Paid for postage and telegram 15.00
Jan. 3 Stationery purchased 5.00
Jan. 14 Paid for cartage 8.00
Jan. 18 Paid for travelling 7.00
Jan. 27 Tea for guests 6.00
Jan. 29 Office cleaning charges 12.00
Jan. 30 Paid for carriage 4.00
Jan. 31 Telegram charges 8.00

Solution:
Analytical Petty Cash Book
Receipts Date Particulars Voucher Total Postage Stationary Cartage Tea &
No. Amount telegram Travelling office
expenses
2009
100.00 Jan. 1 To cash a/c –
Jan. 2 By Postage & 15.00 15.00 – – –
telegram
Jan. 3 By Stationery 5.00 – 5.00 – –
Jan. 14 By Cartage 8.00 – – 8.00 –
Jan. 18 By Travelling 7.00 – – 7.00 6.00
Jan. 27 By Tea for 6.00 – – – 12.00
guest
Jan. 29 By office 12.00 – – – –
cleaning
charges
Jan. 30 By Carriage 4.00 – – – –
Jan. 31 By Telegram 8.00 8.00 – 4.00
65.00 23.00 5.00 19.00 18.00
By Balance 35.00
c/d
Total 100.00
100.00 Feb. 1
35.00 Feb. 1
65.00 To Balance
b/d
100.00 To Cash

3.3 Purchases Day Book

All credit purchases are recorded in this book which are either used for resale or raw materials
used for production. The purchases which are made for cash are not at all recorded in this book.
Similarly, the assets which are bought for running the business, are also not recorded such as
machinery, furniture, etc. All these assets and cash purchases are separately recorded in the
journal Cash Book. Following is the form of Purchases Day Book:

48 LOVELY PROFESSIONAL UNIVERSITY