Part C – Cash book Period 3 Transactions
Process the following Petty Cash Book transactions.
DATE REF DETAILS – No Vat is chargeable on these AMOUNT
items N$
5 – 09 – 2019 PCV001A Printer Cartridge 1 250
15 – 09 –2019 PCV001B Coffee, Tea & Sugar for clients 234
16 – 09 - 2019 PCV001C Social security contributions 280
25 – 09 - 2019 PCV001D NMC medical aid contributions 600
25 – 09 - 2019 PCV001E Protea Hotel for a staff strategic meeting 900
28 – 09 - 2019 PCV001F Monthly Wi-Fi charges 1 236
The following are the Receipts for the Month of September 2019:
Ref No Date Details Amount
REC007 7 Cash Sales 12 500.75
REC008 14 10% Debenture issued 30 000
REC009 20 EFT 98 – HOU300 20 000
REC010 21 Cash Sales 45 000
REC011 28 Cash Sales 7 800
REC012 28 EFT 19 –CAS200 56 000
Following receipts and payments, also took place in period 2.
I. On 14 Sept 2019 paid Nictus’s account for two invoices amounts, which were
outstanding for 3 months and 2 months respectively.
II. 16 Sept 2019 received a refund from Bears for the amount, which was outstanding
on that account.
III. 20 Sept 2019, Cash Converters settled their account for an invoice amount, which
was outstanding for three months.
IV. Received a bank statement from Standard Bank on 30 Sept 2019 which reflected the
following transactions:
Standard Bank statement for the month of September 2019
Date Transaction details Amount Balance N$
01 Balance b/d 330,000.00 330,000.00
01 Interest on credit balance 264.00 330,264.00
02 Cash sales deposited 12,500.75 342,764.75
10 Railage on goods bought (250.00) 342,514.75
11 Cash purchase (25,600.00) 316,914.75
13 Cash sales deposited 45,000.00 361,914.75
14 Account payment (FUR400) (25,000.00) 336,914.75
14 Account payment (LEV300) (50,000.00) 286,914.75
15 Zambezi Lodge - CEO (27,550.00) 259,364.75
15 Direct transfer – Dr Kalibu 30,000.00 289,364.75
15 Debit order -lessor (65,000.00) 224,364.75
15 Casual administrator (3,560.00) 220,804.75
16 10% Debenture purchased (275,000.00) (54,195.25)
19 Confederation of Retailers in Namibia (2,500.00) (56,695.25)
20 Sanlam Namibia (3,000.00) (59,695.25)
24 One photo copier disposal 20,500.00 (39,195.25)
25 Cash deposit fee (55.55) (39,250.80)
26 City of Windhoek (21,800.00) (61,050.80)
27 Board members sitting allowances (35,000.00) (96,050.80)
28 12% Debenture issued 235,000.00 138,949.20
28 Internet banking fees (195.50) 138,753.70
28 Mrs Busy - performance bonus (18,000.00) 120753.70
Required:
1. Process the above transactions in the appropriate cashbooks do not update any
batches before doing the bank reconciliation.
2. Prepare the bank reconciliation for the month of September 2019
3. Print out a cash book details for the main cash book and the bank reconciliation
statement
