answers to activities for tutor use

These are the answers to the questions at the end of each chapter of the

textbook which do not have the answers provided in the back of the book.

Copyright © Osborne Books 2011

Level 1 Bookkeeping Skills

C H A P T E R 1 : P R O C E S S I N G D O C U M E N T S F O R C R E D I T S A L E S

1.2 C

1.4 C

INVOICEPresto Supplies

18 Fencote Road, Worcester WR2 6HYTel 01905 334482 email info@prestosupplies.com

VAT Reg 987 5441 21

Wyvern Stationery141, Bell LaneWyvernWY1 4DB

invoice number 12346

purchase order number 10463

date 15 December 2011

Quantity Product Description Unit price Totalcode £ £

2 BFG Senator foolscap boxfile, green 2.95 5.90

8 SFA4G A4 suspension files, green 15.00 120.00(50 pack)

20 RBRD5 AlbaGel Rollerball, red (5 pack) 4.95 99.00

Sub-total 224.90

VAT @ 20% 44.98

Invoice total 269.88

terms:Net 30 days

1.8

CREDIT NOTEPresto Supplies

18 Fencote Road, Worcester WR2 6HYTel 01905 334482 email info@prestosupplies.com

VAT Reg 987 5441 21

Wyvern Stationery141, Bell LaneWyvernWY1 4DB

credit note number 950

purchase order number 10420

date 16 December 2011

Quantity Product Description Unit price Totalcode £ £

5 RBBK5 AlbaGel Rollerball, black (5 pack) 4.95 24.75

Sub-total 24.75

VAT @ 20% 4.95

Credit note total 29.70

Reason for return:Goods missing from consignment

1.11

C H A P T E R 2 : P R O C E S S I N G S U P P L I E R I N V O I C E S A N D C R E D I T N O T E S

2.2 B

2.4 B

4 L e v e l 1 B o o k k e e p i n g S k i l l s

3.2

Date Details Goods VAT Total

2011 £ £ £

21 Nov T M Inn Ltd 120.00 24.00 144.00

23 Nov Hirst Supplies 144.00 28.80 172.80

25 Nov T M Inn Ltd 32.00 6.40 38.40

28 Nov Hirst Supplies 184.00 36.80 220.80

30 Nov Total 480.00 96.00 576.00

Purchase Day Book

Date Details Goods VAT Total

2011 £ £ £

25 Nov J Miller 16.00 3.20 19.20

29 Nov Manet Ltd 10.00 2.00 12.00

30 Nov Total 26.00 5.20 31.20

Purchase Returns Day Book

C H A P T E R 3 : F R O M D O C U M E N T S T O D AY B O O K S

a n s w e r s t o a c t i v i t i e s 5

Date Details Goods VAT Total

2011 £ £ £

22 Nov R Khan 72.00 14.40 86.40

24 Nov Wong Art 128.00 25.60 153.60

25 Nov Carmen Corner 220.00 44.00 264.00

28 Nov R M Brandt 356.00 71.20 427.20

30 Nov Total 776.00 155.20 931.20

Sales Day Book

Date Details Goods VAT Total

2011 £ £ £

24 Nov P Casso 32.00 6.40 38.40

28 Nov Cute Shop 56.00 11.20 67.20

30 Nov Total 88.00 17.60 105.60

Sales Returns Day Book

6 L e v e l 1 B o o k k e e p i n g S k i l l s

4.3

TILL CONTENTS SHEET

Date 7 December 2011 Float

Notes Quantity Total

£20 15 300.00

£10 7 70.00

£5 6 30.00

Coins

£2 8 16.00

£1 27 27.00

50p 16 8.00

20p 15 3.00

10p 23 2.30

5p 12 0.60

2p 20 0.40

1p 16 0.16

Cash Total 457.46

Notes Quantity Total

£20

£10 1 10.00

£5 2 10.00

Coins

£2 4 8.00

£1 9 9.00

50p 8 4.00

20p 10 2.00

10p 10 1.00

5p 10 0.50

2p 20 0.40

1p 10 0.10

Float Total 45.00

CASH TO BANK 412.46

DAILY RECEIPTS LIST

Aztec Toys

Date 7 December 2011

Total Cash £ 412.46

C H A P T E R 4 : R E C E I V I N G PAY M E N T S

a n s w e r s t o a c t i v i t i e s 7

bank giro creditDate 7 December 2011

Cashier’s stamp

Western BankSouthbury Branch

AccountAztec Toys

Sort Code: 28 04 35 Account Number 44972067

Please do not write or mark below this line £

£50 notes

£20 notes 300 00

£10 notes 60 00

£5 notes 20 00

£2 coins 8 00

£1 coins 18 00

50p & 20p coins 5 00

10p & 5p coins 1 40

2p and 1p coins 06Total Cash 412 46

Cheques etc (seeoverleaf)

412. 46

8 L e v e l 1 B o o k k e e p i n g S k i l l s

5.2

CASH REQUEST SLIP

Date 28 October 2011

Supplier Brock Spares Limited

To pay invoice no. 1020

Notes Quantity Total (£)

£20 1 20.00

£10 1 10.00

£5

Coins

£2 1 2.00

£1

50p

20p 1 0.20

10p

5p

2p 1 0.02

1p

Cash Total 32.22

C H A P T E R 5 : M A K I N G PAY M E N T S

a n s w e r s t o a c t i v i t i e s 9

5.4

REMITTANCE ADVICEPresto Supplies18 Fencote Road, Worcester WR2 6HYTel 01905 334482 email: info@prestosupplies.comVAT REG GB 987 5441 21

to Wyvern Stationers141 Bell LaneWyvernWY1 4DB

date 30 December 2011

order number 10463

Invoice No. Date Cheque No. Amount (£)

12349 01.12.11 126482 58.12

TOTAL PAYMENT 58.12

Southern Bank PLCMereford Branch16 Broad Street, Mereford, MR1 7TR

Date 97-76-54

A/c

pay

ee o

nly

PRESTO SUPPLIES

Pay

126482 97 76 54 34284

30 December 2011

Wyvern Stationers

Fifty eight pounds twelve pence 58.12

Date 30.12.11

Pay:WyvernStationers

Invoice No12349

£

58.12£

126482

1 0 L e v e l 1 B o o k k e e p i n g S k i l l s

C H A P T E R 7 : W R I T I N G U P A N D B A L A N C I N G T H E C A S H B O O K

7.4

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a n s w e r s t o a c t i v i t i e s 1 1

Dat

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1 2 L e v e l 1 B o o k k e e p i n g S k i l l s

C H A P T E R 8 : B A N K R E C O N C I L I AT I O N S TAT E M E N T S

8. 4 CHOWDA TRADING LIMITED

CHOWDA TRADING LIMITED Bank Reconciliation Statement as at 30 September 2011

£ £

Balance at bank as per Cash Book (1,321)

Add: unpresented cheque(s )

Otis Electronics 110

Beet & Malkin 1,052

1,162

(159)

Less: outstanding lodgement 540

Balance at bank as per bank statement (699)

CASH BOOK (Bank columns only)

RECEIPTS PAYMENTS

Date Details Bank Date Details Bank

2011 £ 2011 £

29 Sep Hunt & Associates 28 Sep Balance b/d 1,235

(BACS) 26 14 Sep Bank charges 20

30 Sep Balance c/d 1,321 14 Sep Bank interest 92

1,347 1,347

1 Oct Balance b/d 1,321

a n s w e r s t o a c t i v i t i e s 1 3

C H A P T E R 9 : P R I N C I P L E S O F P E T T Y C A S H

9.4 petty cash voucher No. 83

date 9 Sept 2011

description amount

signature

authorised

£ p

A4 copier paper 15 60

(incl VAT of £2.60)

15 60Joe Simpson

Nick Burns

petty cash voucher No. 84

date 9 Sept 2011

description amount

signature

authorised

£ p

Donation to church (no VAT) 25 00

25 00

Joe Simpson

Nick Burns

petty cash voucher No. 85

date 9 Sept 2011

description amount

signature

authorised

£ p

Postage stamps (no VAT) 9 00

9 00

Jane Adams

Nick Burns

1 4 L e v e l 1 B o o k k e e p i n g S k i l l s

petty cash voucher No. 86

date 9 Sept 2011

description amount

signature

authorised

£ p

Window cleaner (no VAT) 18 00

18 00

Nick Burns

Nick Burns petty cash voucher No. 87

date 9 Sept 2011

description amount

signature

authorised

£ p

Milk, tea and coffee for office (no VAT) 12 30

12 30

Jane Adams

Nick Burns

Notes to Activity 9.4

The claim by Nick Burns £57.60for lunches will have to be paid bycheque as it is over the £25.00limit.

Alice Gee must pay her own fareto work as this is a personalexpense.

9.6 The Holly HotelTotal VAT Expense

£ £ £

(a) 33.60 5.60 28.00

(b) 25.92 4.32 21.60

(c) 1.92 32p 1.60

(d) 4.80 80p 4.00

(e) 5.76 96p 4.80

(f) 7.20 1.20 6.00

(g) 34.56 5.76 28.80

(h) 28.80 4.80 24.00

(i) 96p 16p 80p

(j) 12.00 2.00 10.00

a n s w e r s t o a c t i v i t i e s 1 5

C H A P T E R 1 0 : W R I T I N G U P T H E P E T T Y C A S H B O O K

Rec

eipt

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ty C

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CB

24

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ount

of

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0 S

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r is

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– £5

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= £

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ount

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is £

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73 =

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.27

1 6 L e v e l 1 B o o k k e e p i n g S k i l l s

C H A P T E R 11 : B A L A N C I N G T H E P E T T Y C A S H B O O KR

ecei

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18.5

81

June

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ance

b/d

131.

421

June

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k

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325.

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712

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035

.00

30 J

une

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ance

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150.

0015

0.00

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31

July

Bal

ance

b/d

97.9

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Ban

k

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ty C

ash

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B 2

0

11.4a - f, i

a n s w e r s t o a c t i v i t i e s 1 7

petty cash voucher No. 72

date 2 June 2011

description amount

signature

authorised

£ p

2 balls of string 3 50VAT 70

4 20Barbara Bliston

petty cash voucher No. 73

date 3 June 2011

description amount

signature

authorised

£ p

Milk 8 60Toilet rolls 10 00VAT 2 00

20 60 Mary Lawson

petty cash voucher No. 74

date 8 June 2011

description amount

signature

authorised

£ p

Petrol 25 00VAT 5 00

30 00Fred Lee

11.4c

1 8 L e v e l 1 B o o k k e e p i n g S k i l l s

petty cash voucher No. 75

date 16 June 2011

description amount

signature

authorised

£ p

Postage stamps 5 52Coffee 3 80

9 32Jane Simpson

petty cash voucher No. 76

date 22 June 2011

description amount

signature

authorised

£ p

Envelopes 2 60White card size A3 13 40VAT 3 20

19 20 Terry Belfield

petty cash voucher No. 77

date 29 June 2011

description amount

signature

authorised

£ p

Parcel postage 7 45Pens 6 00VAT 1 20

14 65 Neil Patel

a n s w e r s t o a c t i v i t i e s 1 9

CASH IN HAND FORM

Date Quantity Total

Notes £10 2 20.00

£5 4 20.00

Coins £2 3 6.00

£1 2 2.00

50p 4 2.00

20p 5 1.00

10p 5 0.50

5p 8 0.40

2p 5 0.10

1p 3 0.03

Total £ 52.03

PETTY CASH REIMBURSEMENT REQUEST

Please arrange for a cheque for £ 97.97 to restore imprest.

Signed Candidate’s name Petty Cashier

11.4g

11.4h