question archive Short Case 1 On October 1, 2012, Al Zahra Trading Co

Short Case 1 On October 1, 2012, Al Zahra Trading Co

Subject:BusinessPrice: Bought3

Short Case 1 On October 1, 2012, Al Zahra Trading Co. established a petty cash fund for OMR 175 and a cheque is written for the same amount and made out to Ms. Fatma, the petty cash custodian. At the end of each month the fund is to be replenished. At the end of the month, Fatma has the receipts for the following: Office supplies OMR 60 Delivery expenses OMR 50 Postage OMR 20 Entertainment OMR 30 Required: Write relevant journal entries. (3 Marks)

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