This document discusses assets, current assets, and noncurrent assets. It provides examples of asset accounts including cash, petty cash, and deposits in transit. It describes the imprest system for managing petty cash and calculating cash budgets. Tables show calculations for petty cash amounts and cash budgets over three periods.

3. 18
1.
2.
1
3.
2
4.
1

4. 18
6.
3
7.
1
8.
2
9.

5. 18
11.
1
12.
2
13.
3
14.

6. 18
15.
16.
17.
18.

7. 1.
2.
3.

8. 1.
1

9. 1.
2.
3.
4.

11. 1.
2.
3.

12. 4.
5.
6.

13. 1.
2.
3.

14. 4.
5.
6.

16. Assets are resources a
business owns. The business
uses its assets in carrying out
such activities as production
and sales. The common
characteristic possessed by all
assets is the capacity to
provide future services or

19. Current Assets
Noncurrent Assets

20. 12

22. 12

25. 31 25X2

26. 25x2 25x1
4 100,
000
80,0
00

27. 25x2 25x1
4 100,
000
80,0
00

30. 1.
2.

31. 3.
4.

32. 1.
2.

33. 3.
4.
5.

34. 6.
7.

36. Deposits in Transit
1.2

37. 2
2
2.2

38. 3
3
3.2

39. 1.
2.

40. 1
2
1.
2.

41. 1

43. 1

47. 1

48. 1
25x
2 3,9
00 3,9

49. 1
25x
2
31
100
10
0

50. 1
Petty Cash

51. 1

52. 1
3.
4.

53. 1
2
1.
Imprest System
2.
Fluctuating System

54. 1
1.
2.
3.

55. 1

56. 1
6.

57. 1
3
1.
2.
3.

58. 1
Imprest System
x2

59. 1
25x
2
1
2,00
0 2,00
0

60. 1

62. 1
x2
5

63. 1
15
500
265
710
170
1,645

64. 1

65. 1
Imprest
System
x2

66. 1
25x2
31
150
200
380
80
810

67. 1
25x3
1
810
150
200
380
80

68. 1
Cash
Budget

69. 1
1.
2.

70. 1

71. 1
1 )
90,000
95,000
96,000
9,00
0
14,2
50
72,0
00
9,500
14,40
0
73,50
0
9,600
14,70
0
75,00

72. 1
1
95,2
50
(1,4
40)
93,8
10
97,4
00
(1,47
0)
95,9
30
98,30
0
(1,50
0
97,80
0

73. 1
= 72,000 x 2
% = 1,440
= 73,500 x 2
% = 1,470
= 75,000 x 2
% = 1,500

74. 1
2 )
25,000
29,000
32,000
5,00
0
23,2
00
5,800
25,60
0
6,400
28,80
0

75. 1
2
28,2
00
(464
)
27,7
36
31,4
00
(512
)
30,8
88
35,20
0
(576
34,62
4

76. 1
= 23,200 x 2
% = 465
= 25,600 x 2
% = 512
= 28,800 x 2
% = 576

77. 1
2 30
25x2

78. 1
1)
58,0
00
98,8
10
5,00
60,0
00
95,9
30
5,00
61,00
0
97,80
0
5,000

79. 1
2)
27,7
36
20,0
00
7,70
0
30,88
8
20,00
0
7,900
34,62
4
20,00
0
8,050
200,0

80. 1
136,
810
55,4
36
101,
374
160,
930
58,7
88
102,
142
163,8
00
262,6
74
(98,8
74)

81. 5
1.

82. 5
1
089-8421896
086-2253344
579