Lesson Notes By Weeks and Term - Senior Secondary 1

Petty cash book II

Term: 2nd Term

Week: 6

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:

Subject:      Financial accounting

Topic:-       Petty cash book II

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. Define petty cash book
2. Prepare a petty cash book wit provided details

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

 PRESENTATION TEACHER’S ACTIVITY STUDENT’S ACTIVITY STEP 1 INTRODUCTION The teacher reviews the previous lesson on exercises on petty cash book Students pay attention STEP 2 EXPLANATION She explains the meaning of imprest system and petty cash book Students pay attention and participates STEP 3 DEMONSTRATION Using more worked exercises, she explains petty cash book Students pay attention and participate STEP 4 NOTE TAKING The teacher writes a summarized note on the board The students copy the note in their books

NOTE

PETTY CASH BOOK

MORE EXERCISES ON IMPREST AND PETTY CASH BOOK

Sri R maintains a Columnar Petty Cash Book on the Imprest System. The imprest amount is \$ 5,000. From the following information, show how his Petty Cash Book would appear for the week ended 12th September, 2017:

 2016 \$ Sept. 7 Balance in Hand 1,349 Received cash reimbursement to make up the imprest Postage 123 Stationery 321 Entertainment 54 Sept. 8 Travelling and conveyance 126 Miscellaneous expenses 11 Entertainment 72 Sept. 9 Repairs 1,567 Sept. 10 Postage 174 Entertainment 127 Travelling 673 Sept. 11 Stationery 41 Entertainment 12 Sept 12 Miscellaneous expenses 201 Travelling 51 Postage 483 Repairs 30

Solution

 Books of Sri R Petty Cash Book Dr. Cr. Receipts Date Particulars Total Payment Postage & Stationery Entertainment Travelling and Conveyance Repairs (₹) Expenses (₹) 2017 Sep 1,349 Sep.07 Balance b/d 3,651 Sep.07 Cash .07 Postage 123 123 .07 Stationery 321 321 .07 Entertainment 54 54 .08 Travelling and Conveyance 126 126 .08 Miscellaneous Expenses 11 11 .08 Entertainment 72 72 .09 Repairs 1,567 1,567 .10 Postage 174 174 .10 Entertainment 127 127 .10 Travelling 673 673 .11 Stationery 41 41 .11 Entertainment 12 12 .12 Miscellaneous Expenses 201 201 .12 Travelling 51 51 .12 Postage 483 483 .12 Repairs 30 30 Balance c/d 934 5,000 5,000 1,142 265 850 1,597 212 934 .13 Balance b/d 4,066 .13 Cash

EVALUATION :   1. Prepare a Petty Cash Book on the Imprest System from the following:

 2017 April 1 Received \$ 10,000 for Petty Cash. 3 Paid Cartage \$ 800. 4 Paid Bus Fare \$ 400; Speed Post \$ 200. 6 Paid for Stationery \$ 700. 7 Paid for Courier Services \$ 300. 9 Paid for Taxi fare \$ 800; Wages \$ 300. 10 Paid for Wages \$ 400; Charity \$ 500 11 Paid for Newspaper bill \$ 600. 12 Paid for soap \$ 320; Speed post charges \$ 300. 13 Paid for Postage \$ 780. 14 Paid for Repairs of Chairs \$ 500. 15 Paid for Refreshment to customers \$ 900.

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively