The initial imprest as at July Ist was N500. Petty cash vouchers with the custodian by July 15th added up to N394. An IOU slip received from a co-worker was N65 and there was a shortage of N5 cash. The co-worker made refund on July 18th just before the imprest was replenished.

What was the actual cash in the till as at 15th July?

Similar Questions

In the absence of a sales day book or sales account the credit for sales can be computed from ...

The accounting concepts which assumes that business will continue to be in existence into the forese...

A computer set bought for N150,000 was disposed of for N45,000 after some years of use. The profit o...

Sales and purchases ledger are used in a business to keep records of? ...

The sales day book will show goods sold ...

When Your Silence Is Loud..& Your Eyes Speaking Volumes.. Calculate the value of credit sales...

Which method of pricing can be used satisfactorily in either a rising or falling price situation? ...

Payment to creditors is  ...

Control accounts help to verify the arithmetic accuracy of the postings from the ...

A company has 5% debentures worth N500 000 ordinary share capital N 2 000 000, and preference shares...