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Literature is a bookstore which buys and sells a variety of books and magazines. The business is a registered VAT vendor, and it is the policy of the business to buy only from other vendors who can provide tax invoices. September 2023 is the business's first month of trading. The bookkeeper has the following petty cash vouchers on file for the month. September 2023: list of petty cash vouchers Day Details Doc. no. Reason 3 Chemren Stationery PC1 Business stationery 5 Forsman's Garage PC2 Petrol for the delivery van 6 Grocery Mall PC3 Tea, coffee and sugar for staff 24 Chemren Stationery PC4 Business stationery 25 Forsman's Garage PC5 R 185.00 of this amount was for 30 John Penn PC6 petrol, and the remainder was for repairs to the business vehicle Part-time wages Amount paid (R) 400 280 806 334 1 480 1 500

Literature is a bookstore which buys and sells a variety of books and magazines. The business is a registered VAT vendor, and it is the policy of the business to buy only from other vendors who can provide tax invoices. September 2023 is the business's first month of trading. The bookkeeper has the following petty cash vouchers on file for the month. September 2023: list of petty cash vouchers Day Details Doc. no. Reason 3 Chemren Stationery PC1 Business stationery 5 Forsman's Garage PC2 Petrol for the delivery van 6 Grocery Mall PC3 Tea, coffee and sugar for staff 24 Chemren Stationery PC4 Business stationery 25 Forsman's Garage PC5 R 185.00 of this amount was for 30 John Penn PC6 petrol, and the remainder was for repairs to the business vehicle Part-time wages Amount paid (R) 400 280 806 334 1 480 1 500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required:           
Draw up the petty cash journal for the month with analysis columns for petty cash, input VAT, stationery, 
petrol and sundries.  

Use the below table format and round off answers to the nearest rand. 
Show all calculations. 

Literature is a bookstore which buys and sells a variety of books and magazines. The business is a registered VAT vendor, and it is the policy of the business to buy only from other vendors who can provide tax invoices. September 2023 is the business's first month of trading. The bookkeeper has the following petty cash vouchers on file for the month. September 2023: list of petty cash vouchers Day Details Doc. no. Reason 3 Chemren Stationery PC1 Business stationery 5 Forsman's Garage PC2 Petrol for the delivery van 6 Grocery Mall PC3 Tea, coffee and sugar for staff 24 Chemren Stationery PC4 Business stationery 25 Forsman's Garage PC5 R 185.00 of this amount was for 30 John Penn PC6 petrol, and the remainder was for repairs to the business vehicle Part-time wages Amount paid (R) 400 280 806 334 1 480 1 500
Transcribed Image Text:Literature is a bookstore which buys and sells a variety of books and magazines. The business is a registered VAT vendor, and it is the policy of the business to buy only from other vendors who can provide tax invoices. September 2023 is the business's first month of trading. The bookkeeper has the following petty cash vouchers on file for the month. September 2023: list of petty cash vouchers Day Details Doc. no. Reason 3 Chemren Stationery PC1 Business stationery 5 Forsman's Garage PC2 Petrol for the delivery van 6 Grocery Mall PC3 Tea, coffee and sugar for staff 24 Chemren Stationery PC4 Business stationery 25 Forsman's Garage PC5 R 185.00 of this amount was for 30 John Penn PC6 petrol, and the remainder was for repairs to the business vehicle Part-time wages Amount paid (R) 400 280 806 334 1 480 1 500
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