Lesson Notes By Weeks and Term - Senior Secondary 1

Petty cash book II

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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