Problem 9.2B. Journalizing cash payments and recording petty cash; posting to the general ledger. The cash payments of European Gift Shop, a retail business, for September are listed on page 309. The general ledger accounts used to record these transactions appear below and on page 309.By isanne
View Petty cash analysis sheet PowerPoint (PPT) presentations online in SlideServe. SlideServe has a very huge collection of Petty cash analysis sheet PowerPoint presentations. You can view or download Petty cash analysis sheet presentations for your school assignment or business presentation. Browse for the presentations on every topic that you want.
PETTY CASH. July 16, 2007. Petty Cash. Purpose: use for small and emergency purchases, not on-going expenses. Should NOT be used as a substitute for the normal processing of vendor payments, loans, personal items, or cashing a check.
Petty Cash. This lesson will cover. What is Petty Cash The Petty Cashier Recording the Opening Balance – float Recording the expenses Balancing the account Restoring the Imprest. What is Petty Cash. Petty Cash is a small amount (Petite) of money available for small purchases.
PETTY CASH. PETTY CASH IS A SMALL SUM OF ACTUAL MONEY IN THE OFFICE TO MEET DAY TO DAY EXPENSES WITHOUT WRITING A CHECK GIVEN TO A TRUSTED INDIVIDUAL IN THE OFFICE IT IS INCLUDED IN CASH WHEN PRESENTED ON THE FINANCIAL STATEMENTS. JOURNAL ENTRY TO ESTABLISH PETTY CASH.
Balance Sheet Debit Current Asset . Petty Cash. Income Statement Debit Other Expense . Loss on Plant Asset. Balance Sheet Debit Current Asset. Accounts Receivable. Balance Sheet Debit Plant Asset. Store Equipment. Balance Sheet Credit Liability . Accounts Payable.
Petty Cash Book. What is petty cash book ?. As the cash book lists bank payments & receipts, a petty cash book is needed to record actual cash transactions. Voucher. Voucher is a form which shows what a payment is for. Imprest system.
PETTY CASH BOOK. Pre-Learning. Debit & Credit rules Debit the Receiving – opening balance, imprest Credit the Giving – expenses paid Balancing Rules Balance in on the short side Total each side Bring down the balance to the opposite side Headings for Petty Cash Book
Petty Cash Funds. How to complete an eCHECK Request for Petty Cash. Updated 8/10/2013. Petty Cash: Title. The Title must start with the words “ Petty Cash ” followed by other pertinent information which the preparer would like to add. . Petty Cash: Payment Type.
Petty Cash Book. What is petty cash book ?. As the cash book lists bank payments & receipts, a petty cash book is needed to record actual cash transactions. Voucher. Voucher is a form which shows what a payment is for . Imprest system.
Departmental Petty Cash Funds . Boston University Medical Campus Revised 9/09. Definition. Petty Cash Funds are relatively small amounts of cash entrusted to the Petty Cash Custodian within a department for reimbursing individuals for small, miscellaneous, current expenses.
Petty Cash Custodian Workshop. Research and Department Petty Cash Funds—from creation to close-out. A user’s guide. Controller’s Office. Cash and Controls Capital Accounting. October 30, 2009. INTRODUCTION. Introduction. Overview Key Components Governance Ramifications. INTRODUCTION.