accounts

Question One

Amount of shortage due from the sales manager

Cash Advance K20000

Less: Actual cash used

Accommodation and meals K16000

Fare K1200

Cash given to Paul K1000-K120= K880

Total K18080

Cash that should be returned (20000-18080) K1920

Actual cash returned K1680

Cash shortage (1920-1680) K240

The amount of shortage due from the sales manager= K240

Question Two

Undeposited collections as of December 31

Collection of receipts no 4352-4355 (13600+17800+3600+8300) K43300

Unreceipted collection K14000

Total (43300+14000) K57300

Undeposited collections= K57300

Question Three

Travel expenses

Accommodation and meals K16000

Fare K1200

Money given to Paul K880

Total K18080

Travel expense= K18080

Question Four

Unreimbursed vouchers as of 3. March 2020

23. Dec K20000

28. Dec K1620

29. Dec K150

29. Dec K600

Total K22370

Question Five

Total cash shortage

Cash Count Sheet

3. March 2020 8.30AM

BILLS AND COINS

Denomination Pieces Amount Total

K100 5 500

K50 40 2000

K20 48 960

K2.00 36 72

K1.00 224 224

K3756

Checks

Dec, 30 Custodian 1200

Dec, 30 SLV Inc 14000

Dec, 31 Mr. Marvel 1680

Dec, 31 MSU Corp 17800

Dec, 31 Atenha 8300

Total K42980

Unreimbursed vouchers as of 3. March 2020

23. Dec K20000

28. Dec K1620

29. Dec K150

29. Dec K600

Total K22370

Total cash accounted (22370+42980+3756) K69106

Less: Accountabilities

Petty Cash 25000

Receipted collections 43300

Unclaimed salary 7500

Excess travel advance 1680

Unreceipted collection from SLV 14000

Total K91480

TOTAL CASH SHORTAGE (91480-69106) K22374

1 view

Recent Posts

See All

#HISTORYMIDTERM SOLVED!!! ORDER

Question 1: (40 Points/40%) Define four (4) and only four of the listed terms. Each separate term definition is worth ten (10) points. You will need to explain what the term means, but also how it is

  • Twitter

©2020 by homework service. Proudly created with Wix.com