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Week 6 Petty Cash System of Control

Week 6 Petty Cash System of Control - Petty Cash System of...

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12/10/10 Petty Cash System of Control Small payments required in most companies for items such as postage, courier fees, repairs and supplies. P 2
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12/10/10 Operating a Petty Cash Fund Petty Cash Company Cashier Petty Cashier P 2
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12/10/10 Operating a Petty Cash Fund Petty Cash Company Cashier Petty Cashier May 1 Petty cash 400 Cash 400 Accountant P 2
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12/10/10 Petty Cash Operating a Petty Cash Fund Petty Cashier P 2
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12/10/10 39¢ Stamps $45 Courier $80 Operating a Petty Cash Fund Petty Cashier A petty cash fund is used only for business expenses. P 2
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12/10/10 Operating a Petty Cash Fund Receipt s Petty cash receipts with either no signature or a forged signature usually indicate misuse of petty cash. Petty Cashier 39¢ Stamps $45 Courier $80 P 2
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12/10/10 Receipts Company Cashier $125 To reimburse petty cash fund Use a Cash Over and Short account if needed. Operating a Petty Cash Fund Petty Cashier May 31 Postage expense 45 Delivery expense 80 Cash 125 Accountant P 2
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12/10/10 Petty Cash Example Tension Co. maintains a petty cash fund of $400. The following summary information was
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