Petty Cash Funds PowerPoint PPT Presentations

Cash of $107 must be added to the Petty Cash drawer to replenish the fund. A journal entry is required to record the transaction to replenish the Petty Cash fund.

Supervises reconciliation of Cash/Bank accounts to Weblinks, supervises all ... account Bank of America and vendor payments account Wells Fargo Bank ...

Petty Cash What is it? Petty cash funds are established for the purpose of enabling departments to complete minor business transactions as part of their daily operations.

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Petty Cash Working Fund

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Timely immediate purchases can be facilitated when time ... Copy of Cash Deposit Journal and Deposit Slip. What's needed: MECHANICS. 12. Controller's Office ...

... important aspect of any system of financial accounting: ... Revenue for the Cash Register Tape. Cr/Dr Cash Short and Over for the difference between the two. ...

Title: Chapter 5 Subject: Merchandise Accounting and Internal Control Author: Lumbattis, Catherine Last modified by: luann Created Date: 10/8/1997 6:03:48 PM

Signature card (contract) used by the bank to confirm the terms of the account ... Self-Examination Questions: page 301. Class Discussion Questions: page 301 ...

BASIC FACTS ABOUT STUDENT ACTIVITY ACCOUNTS ... Bank deposit slips and receipts. Student Activity Funds. 17. What about Petty Cash? ...

Describe the accounting for special-purpose cash funds. Describe and illustrate the reporting of cash and cash equivalents in the financial statements.

Prior to deposit, provide adequate safeguard for cash ... Units Outside of Pullman ... for a unit not located in Pullman submits a WSU Receipt Request Form to ...

Imprest & Petty. Cash. Investment. By UTAM (Longer- Term) $US. Account. The beginning... UTAM formed in April 2000. Cash management transferred to Financial ...

Under the Sarbanes-Oxley Act, all publicly traded U.S. ... develop principles of control over ... Company uses an imprest petty cash system. ...

Cash Management Cash Systems State or Direct Grantee s cash systems should include procedures that address: Advances for their subs to meet their immediate ...

bank reconciliation bank statement reconciliation recording a bank service ... a dishonored check journalizing an electronic funds transfer journalizing a ...

CHAPTER 7 Internal Control and Cash

CHAPTER 7 INTERNAL CONTROL AND CASH Quiz on Thursday Nov 13

Title: Chapter 8 Subject: Internal Control and Cash Author: Carole Bowman, BBA, CMA Last modified by: United Way of South Georgian Created Date: 5/19/1998 11:49:43 AM

Types of Cash Accounts Relationship of General Cash to Other Cash Accounts Relationships of Cash in the Sales and Collection Cycle Relationships of Cash in the ...

CHAPTER 7 INTERNAL CONTROL AND CASH Chapter 7 Quiz (Unit 3 Quiz#1) will occur on Monday, Nov 17 I will allow only one page formula sheet (double sided) It is not open ...

Documents used to control a bank account include: signature card. deposit ... The bank statement which tells the actual amount of cash the business has in the ...

Cash and Internal Controls

2004 Prentice Hall Business Publishing Financial Accounting, 5/e ... Burglar alarms. Point of sale terminals. Frequent bank deposits. Bonded cashiers ...

... and reliability of accounting information. Segregation of Duties ... Have sales personnel to assist customers and one person to perform register duties. ...

Click on the topic for which you need assistance: ... Pool Table Rental. Stage Setup. Runway. Guests (Speaker, Entertainer, etc.) DJ / Band ...

... A full-time, permanent employee of the University responsible for maintaining ... Make purchases that would not be approved by Materials Management ...

Do you have something that rates accounting software packages? ... General Obligation Debt backed by tax dollars. Revenue Debt backed by user fees ...

Identify the principles of internal control. ... Electronic Funds Transfer (EFT) ... EFT uses wire, telephone, telegraph or computer to transfer from one location to ...

Internal Financing Chapter 17. Learning Objectives Describe the tradeoff between paying dividends and retaining the profits within the company. Explain the ...

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Typical credit or debit memorandum entries found on the bank statement: ... Increases or Decreases the Balance of the Depositor's Bank Account. Item No. ...

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8 Sarbanes-Oxley, Internal Control, and Cash It is usually not practical for a business to write checks to pay small amounts. Thus, it is desirable to control such ...

Important to deposit in bank account (as a control), but should ... Bank Reconciliation. Bank account keeps track of balance of Cash in a particular account ...

Describe the Sarbanes-Oxley Act of 2002 and its impact on ... (2) EFT Deposit. Service Charge. Bank correction of an error from recording a $400 check as $40. ...

Use a bank reconciliation as a control device ... Monthly bank statements are sent to the account holder and should be reconciled. ...

Exam Results Review. High: 96. Low: 54. Mean: 76.84( Low) A's: 7. B's: 19. C's: ... Cash balance according to bank statement generally differs from cash balance ...

The Bank Reconciliation. What are two records of a business's cash? ... The bank statement which tells the actual amount of cash the business has in the ...

Figure 4.8: Cheque received for cash sales debited to Undeposited Funds ... Figure 4.10: Cash from owner debited to Undeposited Funds account. Chapter 4: Cash ...

Topic 15: Fieldwork Audit of Cash Balances BMGT 422 - Auditing Arens Ch. 23 James J. McKinney jmckinney@rhsmith.umd.edu * (these topics affect fieldwork and ...

Chapter 12 Auditing Cash and Other Liquid Assets Acc 4033 Auditing Steve W. Sanders A. Introduction. This chapter discusses audit approaches to cash and related ...

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The bank received $904.03 by EFT on behalf of Business Research, Inc. ... Business Research pays insurance expense by EFT and has not recorded this $361 payment. ...

In 2001-2002, several serious accounting scandals in which people lost ... EFT PMTS (110 ) BANK FEES - SERV CHG (15 ) PRINT CK CHGS ( 25 ) ADJ BOOK BAL $ 375 ...

Sale |-Purchase Labor and Material | | v v | Fixed assets -Inventory -Receivables ... why buy the repurchase agreement, not other marketable security? ...

In one case, they even authorized payments that helped subsidize the dealer's ... At the same time, these requirements apply to ALL of the registrant's books and ...

Cash, Short Term Investments and Account Receivables Chapter 3 Accounting for Cash Change Fund Petty Cash Fund Marketable Securities Short-Term Investment

8 Fraud, Internal Control, and Cash Learning Objectives After studying this chapter, you should be able to: [1] Describe the operation of a petty cash fund.

The Fundamental Principles of Internal Control. Internal Control to Cash. Explain and Record Petty Cash Fund Transactions. ... Impersonation of companies. 11 ...

WALT DISNEY COMPANY. Walt Disney Company ... Collections in form of cash, credit cards, checks, electronic funds. 3. Accounting For Cash: ...

write the total of the check plus the fee in the Cash Credit column. ... Cash Credit for check amount 'Replenishing Petty Cash' Review ...

CNU Business Office The receipting, disbursing, accounting and ... Auto Column Gas or car rental. Other Column for tolls or parking ... Donation Form ...