Yo yo yo. I came back from America and my class did this while I was gone and I understood nothing. This short explanation of a petty cash book really helped me a lot. Thanks
I have been tearing my hair out in exasperation and dreading doing the petty cash section in my coursework because I have been finding it confusing. Now, after watching your tutorial, I am beginning to understand it much better! :) Thank you for your clarity.
HI Azmera. Thanks for your question.For grade 8-12 Accounting it would be fine to classify the loan under sundry in the petty cash. But in the working world the employee would be a receivable(current asset) until the small loan is paid back.If the employer charged interest then that would be interest received(income). Its not uncommon to sometimes have more cash in the petty cash but in this case it would have a zero effect seeing as the money is taken out and will be paid back if no interest is charged.I hope this answers your question.
Om my gosh,I loved every bit of it!How you are explaining?Wonderful.👌This was so helpful thank you because i had no clue what's usually done,and with this i do!! Keep it up and God bless you!
Thank you sooooo much u helped me a lot. Everything was clearly explained and u reminded us all the concepts during the transactions u are really awesome!!
I dont think that was necessary around 12:40 all you have to do is subract the difference between the beginning balance (1,600- 1,351.70= 248.3) and you now know whats left in the account and what amount should be added to it which is 1,351.70 if the account should always have 1,600.00
there are always more efficient ways to do things. i prep the videos on how the curriculum is structured. if that's how it is in the text book then that is how it is going to be in the exam. also take note that this was back in 2015.
thank you , but you considered a loan to a staff as expense, how will u treat it when your staff bring the money back, you will have more cash.i need more explanation
hey, i have a question. if the question stated if it is a refund, which column should i put in? if it's given a ledger account column, do we put the amount in that column or what?
very unlikely in a school question but in that case the petty cash would need to be topped up. in that case the top up amount would entered in the receipt column.
+ Lindley Coetzee Good day/evening Lindley, I have a question.. is petty cash- initial advance the same thing as float? I have a task whereby A) I have to enter information into a multi-column petty cash book maintained on the imprest system. no. 1 on the list is 'Cash cheques from head cashier=R600 (600 rands). .. and the list goes on. B) Rule off the month's transactions, bring down the relevant balance, and restore the imprest amount to R600.... Do I need to know the float amount or I can just work without knowing it? on A) will I enter that R600 under sundries? Thanks.
+Salome Leseyane Hi. The petty cash is started with a float. So if the float is R1000 at the beginning of the month then it needs to start with R1000 at the start of the next month.The "Cash cheques from head cashier=R600" you refer to is whereby the petty cash is replenished. This is a receipt(dr) in your petty cash book and an outgoing payment(cr) in your cash book.I hope I was able to answer your question.
Correct me if I'm wrong, but can't you just find the total at the end of the month and then put that in the next month, and then put the receipt on the debit side so that you can have it back at 1600? I mean, I understand your method, but the method I learnt at school is a little bit different.
Just wanted to clarify something; You said "CB" stands for "Cash Book". My understanding is that it stands for "Check Book" as that is the instrument used to draw the money whereas, there is no "Cash Book". Is Cash Book standard accounting/booking terminology?
Yes it is .You also get cash receipts book and cash payments book which is 2 separate books.....but all they are is the debit side and the credit side of the cashbook shown in 2 separate books
Float is the amount receive for the period. If the petty cashier has a balance from the previous month, it would be that balance plus what was refunded. This would give you the float. This is my understanding.
Hi, thank you so much for posting the video, it helped me so much. I would like to know if you have other posts especially on financial accounting subject please. Thank you.
+Lindley Coetzee Ok, thank you Lidley. If I have questions I will put them here. I am currently busy with Financial accounting assignments. I never had to do this subject before now I am coming across it and I am struggling quite a lot. Thank you again.
depends what your teaching says. usually they give the 1st voucher number and then you need to continue with the rest. that's what they do/did in Namibia.
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Yo yo yo. I came back from America and my class did this while I was gone and I understood nothing.
This short explanation of a petty cash book really helped me a lot.
Thanks
I have been tearing my hair out in exasperation and dreading doing the petty cash section in my coursework because I have been finding it confusing. Now, after watching your tutorial, I am beginning to understand it much better! :) Thank you for your clarity.
i dont understand isnt the balance 1600-1351.70
HI Azmera. Thanks for your question.For grade 8-12 Accounting it would be fine to classify the loan under sundry in the petty cash. But in the working world the employee would be a receivable(current asset) until the small loan is paid back.If the employer charged interest then that would be interest received(income). Its not uncommon to sometimes have more cash in the petty cash but in this case it would have a zero effect seeing as the money is taken out and will be paid back if no interest is charged.I hope this answers your question.
Thank you so much ! We haven't been going to school for weeks and I really needed to catch up, thank you so much !💕
I see all this searches can only during exam 🤣🤣
:)
So glad you have this video bro, im currently studying accountings and your teachings makes more sense than my lecturer's! haha cheers m8
Thankyou ♥️
It's very clear.
Well understood ❤
Om my gosh,I loved every bit of it!How you are explaining?Wonderful.👌This was so helpful thank you because i had no clue what's usually done,and with this i do!! Keep it up and God bless you!
Thank you sooooo much u helped me a lot. Everything was clearly explained and u reminded us all the concepts during the transactions u are really awesome!!
i dont understand isnt the balance 1600-1351.70
Loved your video! It's simple, clear and very informative.
Thank you soooo much you made me over come all my doubt very clear and understanding explanations well done👍
clearly explained, after watching this i can confidently tackle my assignment, THANK YOU!
Its a pleasure.
Thank God
This is so helpful 😊, thanks sir
Very clear and helpfull, well understood. Thanks a lot.
Thanks a lot
you are the best among the bests ,you are clear and specific
I dont think that was necessary around 12:40 all you have to do is subract the difference between the beginning balance (1,600- 1,351.70= 248.3) and you now know whats left in the account and what amount should be added to it which is 1,351.70 if the account should always have 1,600.00
there are always more efficient ways to do things. i prep the videos on how the curriculum is structured. if that's how it is in the text book then that is how it is going to be in the exam. also take note that this was back in 2015.
Thank you so much God bless you and laughter and joy will not seize for the rest of your life
For some reason I understand him more than my teacher
Thank you! I am now able to do my coursework
thank you , but you considered a loan to a staff as expense, how will u treat it when your staff bring the money back, you will have more cash.i need more explanation
azmera okbamicael it shouldn't be expense but considered as advances to the employee (receivable).
🎉 good work
Bro u fr real saved my exam : D
hey, i have a question. if the question stated if it is a refund, which column should i put in? if it's given a ledger account column, do we put the amount in that column or what?
Hi, this was helpful. I how about if the expenses are more than imprest amount? Kindly assist with an example of such
very unlikely in a school question but in that case the petty cash would need to be topped up. in that case the top up amount would entered in the receipt column.
Thanks bro i was struggling to complete it
Thanks for the help.i request u to do a three column cash book please
That’s the worlds most expensive broom
Namibian Dollars
It has really, really, really helped me a lot. I was lost at first but now I understand, thank you so much 💜💜🙂
+ Lindley Coetzee Good day/evening Lindley, I have a question.. is petty cash- initial advance the same thing as float? I have a task whereby A) I have to enter information into a multi-column petty cash book maintained on the imprest system. no. 1 on the list is 'Cash cheques from head cashier=R600 (600 rands). .. and the list goes on. B) Rule off the month's transactions, bring down the relevant balance, and restore the imprest amount to R600.... Do I need to know the float amount or I can just work without knowing it? on A) will I enter that R600 under sundries? Thanks.
+Salome Leseyane Hi. The petty cash is started with a float. So if the float is R1000 at the beginning of the month then it needs to start with R1000 at the start of the next month.The "Cash cheques from head cashier=R600" you refer to is whereby the petty cash is replenished. This is a receipt(dr) in your petty cash book and an outgoing payment(cr) in your cash book.I hope I was able to answer your question.
+Lindley Coetzee ooh. Ok Thank you. Thank you so much.
This was so helpful. Thank you so much
Have you forgotten to split VAT in specific transactions?
no VAT for grade 8 in 2015
Correct me if I'm wrong, but can't you just find the total at the end of the month and then put that in the next month, and then put the receipt on the debit side so that you can have it back at 1600? I mean, I understand your method, but the method I learnt at school is a little bit different.
Chat whose in 2024
Im writing tommorow😭
Hi Irena. Thanks for your comment. Would you mind responding in English please?
Mrs Big COMPANY started a COMPANY called Mrs Big COMPANY 😂😂😂
Just wanted to clarify something; You said "CB" stands for "Cash Book". My understanding is that it stands for "Check Book" as that is the instrument used to draw the money whereas, there is no "Cash Book". Is Cash Book standard accounting/booking terminology?
Yes it is .You also get cash receipts book and cash payments book which is 2 separate books.....but all they are is the debit side and the credit side of the cashbook shown in 2 separate books
that outro was epic
Just have a massive petty cash overage and i dont know what to do..
very well explained. thank you :)
+Dadrea Phillips Thank you :)
why do we add the $1600 to the $1351.70 instead of subtracting
totals. same principle as the cash book.
thank you so much bro .. may God bless you .
haseeba ali Thank you very much for your kind words
Good explanation
very well and clever thank you so much
Hello I have a question what if the float was 10'000 then you got a additional 15.000 do you gotta balance it to reach the original 10.000 in the end
Float is the amount receive for the period. If the petty cashier has a balance from the previous month, it would be that balance plus what was refunded. This would give you the float. This is my understanding.
Thank you for the well explained video 👍👍
i dont understand isnt the balance 1600-1351.70
THANKYOU SO MUCH FOR THIS!!
Thank you: this was really helpful
Hi, thank you so much for posting the video, it helped me so much. I would like to know if you have other posts especially on financial accounting subject please. Thank you.
+Salome Leseyane Thank you. Not that much but you can heck them out here
ruclips.net/video/ogRXBc34Kds/видео.html
+Lindley Coetzee Ok, thank you Lidley. If I have questions I will put them here. I am currently busy with Financial accounting assignments. I never had to do this subject before now I am coming across it and I am struggling quite a lot. Thank you again.
+Salome Leseyane Always happy to help
This is the other thing I needed help with so once again, thank you~ @@LindleyCoetzeeBeatAccMath
How do you post the Petty Cash to the general ledger
dr each expense and cr petty cash. Then to top up(restore) dr petty cash and cr cash
Me ayudó a entender por fin a esta parte de las finanzas. Muchas gracias.
calculations don't seem right cuz the total receipt 1600 less total payments 1351.7 it gives =248.3
Seena
Thank you.Really appreciate this.👍
Pleasure Efy. Thank you
Hi sir, I have a question, if they don't give the voucher number at all in the transaction part, do i still need to write it?
depends what your teaching says. usually they give the 1st voucher number and then you need to continue with the rest. that's what they do/did in Namibia.
Thank u so much !!!!
What are analysis columns
The columns where the expenses are grouped into categories for example office expense,motor expense etc.
Helpful....u will not fail 🤞🏿🔥✊🏿
Thnak you so much n it s clear as water !!!
cheers !!!
Thanks a lot
Thank you for the information
Is this analytical petty
Interesting lessons on computer 💻
So helpful thank you so much 🔥🔥🔥
Good job 👌
What is b/d, CB, c/d ?
b/d === Brought Down
C/D === Carried down
CB === Cash book
Thank you ❤️❤️
The Petty Cash Book
#accounting #pettycash #education #lessons
thank you
Dankie, my friend
Plesier my pel
Gud Teachng Thnks FR Teachng
I understand this topic. is very nice
Wow thanks this was helpful
Thank u. Awesome 👌
wt is treatment of cheque received from accounts officer Imprest amount $500
Cr Bank 500 and Dr Petty Cash 500
i so appreciate this video
Thank you!
thank u so much very help full
Huge help..thanks!
Very good thanks
Lovely video. 🤞
Thank you
it is not visible
Is this Namibian. Is see N $ being used?
Yes. I am a Namibian :-)
Very good
Thanks a million
thank you this helps a lottt
I learn a lot thank you
Hi sir iam finding it diffiultly solving please help me solve ir
tante for kufundisha
?????
thank you so much
Nice video done..
Thanks😊😊
Do u know hindi..??
No. English and Afrikaans.
Thanks
Wow realy thank you very much
ggggggggoooooodddddddd explanation
very helpful
thank you so much i really understood thaankssss
Stationery, not Stationary
Yip that's right...............I always used to joke in class "This is the Accounting class, not the English class".
thank u
The Petty Cash Book #lesson
ruclips.net/video/BFAryNnSx5E/видео.htmla
#education #accounting
thanks sir
Pleasure
I cannot understand anything