The Petty Cash Book

[@Yamesy]

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

[@bluedamsel1185]

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.

[@persadsanjay]

i dont understand isnt the balance 1600-1351.70

[@kavithayelukuru9594]

I see all this searches can only during exam 🤣🤣

[@LindleyCoetzeeBeatAccMath]

:)

[@LindleyCoetzeeBeatAccMath]

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.

[@sphesihlemkhathini2461]

Thank you so much ! We haven't been going to school for weeks and I really needed to catch up, thank you so much !💕

[@joshuakoh8796]

So glad you have this video bro, im currently studying accountings and your teachings makes more sense than my lecturer's! haha cheers m8

[@emeraldk3168]

Loved your video! It's simple, clear and very informative.

[@ozgursaygl1266]

Very clear and helpfull, well understood. Thanks a lot.

[@LindleyCoetzeeBeatAccMath]

Thanks a lot

[@abbyesther670]

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!!

[@persadsanjay]

i dont understand isnt the balance 1600-1351.70

[@WerehReuben]

Thankyou ♥️ It's very clear. Well understood ❤

[@_.frydaynyt._06]

This is so helpful 😊, thanks sir

[@ishanifernando4782]

Thank you soooo much you made me over come all my doubt very clear and understanding explanations well done👍

[@winrosekagiri9533]

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!

[@tshibangukashala9405]

you are the best among the bests ,you are clear and specific

[@edeline9364]

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

[@LindleyCoetzeeBeatAccMath]

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.

[@AlungatMartha]

🎉 good work

[@pashpole1065]

clearly explained, after watching this i can confidently tackle my assignment, THANK YOU!

[@LindleyCoetzeeBeatAccMath]

Its a pleasure.

[@AkindeyindeSeun]

Thank God

[@DANIELOGAGA-y8z]

Thank you so much God bless you and laughter and joy will not seize for the rest of your life

[@qisyalemons1738]

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?

[@azmeraokbamicael1042]

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

[@ErmanoVlogs]

azmera okbamicael it shouldn't be expense but considered as advances to the employee (receivable).

[@justanotherhuman4068]

This was so helpful. Thank you so much

[@chipsywaugh546]

Thank you! I am now able to do my coursework

[@goldy_on_pc930]

That’s the worlds most expensive broom

[@LindleyCoetzeeBeatAccMath]

Namibian Dollars

[@keane8202]

Thanks bro i was struggling to complete it

[@Jag-q4v]

How do you post the Petty Cash to the general ledger

[@LindleyCoetzeeBeatAccMath]

dr each expense and cr petty cash. Then to top up(restore) dr petty cash and cr cash

[@sweetgirlDp]

very well explained. thank you :)

[@LindleyCoetzeeBeatAccMath]

+Dadrea Phillips Thank you :)

[@salomeles.1539]

+ 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.

[@LindleyCoetzeeBeatAccMath]

+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.

[@salomeles.1539]

+Lindley Coetzee ooh. Ok Thank you. Thank you so much.

[@haseebaali850]

thank you so much bro .. may God bless you .

[@lindleycoetzee8964]

haseeba ali Thank you very much for your kind words

[@lisanarine9245]

For some reason I understand him more than my teacher

[@Chalaco2808]

Have you forgotten to split VAT in specific transactions?

[@LindleyCoetzeeBeatAccMath]

no VAT for grade 8 in 2015

[@tomalyadewage8991]

Bro u fr real saved my exam : D

[@akira_0x0]

It has really, really, really helped me a lot. I was lost at first but now I understand, thank you so much 💜💜🙂

[@skullzs1983]

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.

[@vezembatjirimuje8139]

very well and clever thank you so much

[@danelenebaptista5848]

Hi, this was helpful. I how about if the expenses are more than imprest amount? Kindly assist with an example of such

[@LindleyCoetzeeBeatAccMath]

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.

[@samueltembo6021]

Good explanation

[@tokyo9328]

What are analysis columns

[@LindleyCoetzeeBeatAccMath]

The columns where the expenses are grouped into categories for example office expense,motor expense etc.

[@furiousdestroyer966]

that outro was epic

[@graciafariscal2788]

THANKYOU SO MUCH FOR THIS!!

[@memorychikwata1790]

Thank you for the well explained video 👍👍

[@wilmatsenaemartin6390]

Thank you: this was really helpful

[@VDJWES_officialchannel]

thank you

[@OlObuffalo]

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?

[@LindleyCoetzeeBeatAccMath]

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

[@linushperera2873]

Thnak you so much n it s clear as water !!! cheers !!!

[@LindleyCoetzeeBeatAccMath]

Thanks a lot

[@sherlee5297]

Thanks for the help.i request u to do a three column cash book please

[@techviz9439]

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

[@rosethomas3995]

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.

[@juliusvibez7974]

So helpful thank you so much 🔥🔥🔥

[@saanrithyaa792]

What is b/d, CB, c/d ?

[@gdsimpson3]

b/d === Brought Down C/D === Carried down CB === Cash book

[@eunicelee7140]

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?

[@LindleyCoetzeeBeatAccMath]

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.

[@ingples]

Me ayudó a entender por fin a esta parte de las finanzas. Muchas gracias.

[@tassianhutchinson6970]

why do we add the $1600 to the $1351.70 instead of subtracting

[@LindleyCoetzeeBeatAccMath]

totals. same principle as the cash book.

[@androidtips8160]

Thank you.Really appreciate this.👍

[@LindleyCoetzeeBeatAccMath]

Pleasure Efy. Thank you

[@deshawnthompson1175]

Thank u so much !!!!

[@clayton2643]

Helpful....u will not fail 🤞🏿🔥✊🏿

[@mulengaw4448]

Mrs Big COMPANY started a COMPANY called Mrs Big COMPANY 😂😂😂

[@LindleyCoetzeeBeatAccMath]

Hi Irena. Thanks for your comment. Would you mind responding in English please?

[@LindleyCoetzeeBeatAccMath]

The Petty Cash Book #accounting #pettycash #education #lessons

[@nklpapa1]

Good job 👌

[@TinovimbaDeidreMashawi]

Thank you ❤️❤️

[@ABHISHEK3960]

Thank you for the information

[@persadsanjay]

i dont understand isnt the balance 1600-1351.70

[@salomeles.1539]

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.

[@LindleyCoetzeeBeatAccMath]

+Salome Leseyane Thank you. Not that much but you can heck them out here kzbin.info/www/bejne/pZi1iXWZaJl-mtU

[@salomeles.1539]

+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.

[@LindleyCoetzeeBeatAccMath]

+Salome Leseyane Always happy to help

[@OlObuffalo]

This is the other thing I needed help with so once again, thank you~ @@LindleyCoetzeeBeatAccMath

[@victoriamumba2842]

Just have a massive petty cash overage and i dont know what to do..

[@ioniemcfarlane8884]

Lovely video. 🤞

[@LindleyCoetzeeBeatAccMath]

Thank you

[@TechnicalTutorial]

Is this analytical petty

[@TheTrendingQuest]

Chat whose in 2024

[@paulesbs3817]

Im writing tommorow😭

[@teenaidoo8569]

Thank u. Awesome 👌

[@chelseahabert]

Interesting lessons on computer 💻

[@user-ip9fp8ug5y]

Dankie, my friend

[@LindleyCoetzeeBeatAccMath]

Plesier my pel

[@brodoigi5566]

thank u so much very help full

[@tumanitemutau6396]

Is this Namibian. Is see N $ being used?

[@LindleyCoetzeeBeatAccMath]

Yes. I am a Namibian :-)

[@tumanitemutau6396]

Wow thanks this was helpful

[@aaradhyaponnu4094]

Gud Teachng Thnks FR Teachng

[@muniraju7088]

I understand this topic. is very nice

[@zakiruddin5683]

wt is treatment of cheque received from accounts officer Imprest amount $500

[@LindleyCoetzeeBeatAccMath]

Cr Bank 500 and Dr Petty Cash 500

[@PriscaSiabasimbi]

Thanks😊😊

[@ainebyoonapatience9828]

it is not visible

[@OlObuffalo]

Huge help..thanks!

[@laur8774]

i so appreciate this video

[@juliesteffers4097]

Very good thanks

[@inadazim9314]

Thank you!

[@hahahahha7443]

thank you this helps a lottt

[@h.etuna1727]

Very good

[@mimidominique3686]

thank you so much

[@thimmarayappap8688]

Wow realy thank you very much

[@elsawambai1452]

ggggggggoooooodddddddd explanation

[@bhavyabhardwaj3138]

Do u know hindi..??

[@LindleyCoetzeeBeatAccMath]

No. English and Afrikaans.

[@natoyaharper4150]

thank you so much i really understood thaankssss

[@mudathirabdi7638]

Thanks a million

[@pistachionuts1067]

I learn a lot thank you

[@bindiyat7553]

Nice video done..

[@lindiewemarli4017]

Thanks

[@anipakwayu7470]

tante for kufundisha

[@LindleyCoetzeeBeatAccMath]

?????

[@hamdiscorner5286]

thank u

[@LordStaze]

For the lesson

[@LindleyCoetzeeBeatAccMath]

Huh?

[@flakefighter7869]

very helpful

[@asthaawasthi9100]

thanks sir

[@LindleyCoetzeeBeatAccMath]

Pleasure

[@lizziciosbae5726]

Hi sir iam finding it diffiultly solving please help me solve ir

[@abdirizack9169]

calculations don't seem right cuz the total receipt 1600 less total payments 1351.7 it gives =248.3

[@srinivaseena9852]

Seena

[@Cameron9182]

Stationery, not Stationary

[@LindleyCoetzeeBeatAccMath]

Yip that's right...............I always used to joke in class "This is the Accounting class, not the English class".

[@idrussosman1346]

great