Petty Cash Management Activities Guide
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ScribdTranslationsPetty Cash Management Activities Guide
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MODULE 5 ACTIVITIES. INTERNAL CONTROL OF
CASH AND PAYROLL
NOMBRES: LAST NAMES:
PRACTICE No. 1. Handling of the Petty Cash Fund
Below are some of the operations carried out by
several companies, related to the management of the fixed cash fund
Girl, at the end of each case do what is requested.
1.- The company Jabillos S.R.L. has a petty cash of RD$10,000 to manage.
efficient disbursements. On April 15, 2023, the person in charge of managing that fund requested
the amount will be increased because the replacements were being made
too frequently. Once the presented arguments were analyzed, it was decided
increase the amount of said fund to RD$20,000.
On 29-4-23, the person in charge of managing the fund requested its replacement in accordance with
the following relationship :
Payment receipts:
Freights in purchases RD$8.700
Personnel transfer RD$1.270
Various Expenses RD$2,400
Revenue Stamps RD$2.500
Stamps RD$3,500
Office Supplies RD$1.150
Cash in petty cash RD$ 480
Total RD$20.000
A check was issued for the purpose of replenishing the fund.
It is requested: to record in the main journal the increase and replenishment of cash.
2.-The company LOS HABILES SNC has a petty cash fund that was created with an amount of
RD$25,000 to settle those small amounts for which justification is not provided.
issuance of a check. On 05-17-23, the person in charge of managing the fund raised the
management found that the amount with which the petty cash was opened was too high, which brought
as a consequence that the replacements were being made every 4 months. In view of
In this case, it was decided to reduce the petty cash amount to RD$7,000; this decrease is
will be carried out at the moment of the replacement.
On 11-8-23, the person in charge of the fund management requested the replacement, for which he delivered
the following relationship:
Receipts for:
Office Supply RD$5.600
Freights on purchases RD$4.130
Advances to employees RD$7.230
Stamps RD$4.100
Mail delivery RD$3,600
Cash RD$ 340
Total RD25,000
In view of what was approved, a check was issued.
It is requested: to register the petty cash replenishment with its corresponding decrease.
3.-Para el 09-4-23 el gerente de la empresaLOS ALTOS C.A., decidió realizar un arqueo
surprise from the petty cash, which was created with an amount of RD$10,000. To that effect, it was presented
to the office of the fund manager and requested that he show him the petty cash contents
for the purpose of proceeding with its reinstatement. This audit showed the following:
Receipts for water payment RD$612,50
Receipt for electricity payment RD$1,250.15
Taxi payment RD$1,150.00
Cash RD$7.187,35
Total in receipts and cash RD$10.200,00
Given that a surplus was found, the manager proceeded to replenish the petty cash.
by issuing a check and recording the surplus.
It is requested to carry out the corresponding records.
4.- The company Ferreteria Central SNC has a petty cash box with an amount of
RD$12,000 for the execution of payments less than RD$5,000. The firm's administrator.
decided on 13-7-23 to conduct a surprise audit on the mentioned fund. In the audit, it
they found the following receipts and cash:
Receipts:
Hygiene RD$750
Office supplies RD$3.100
Transfer of personnel RD$830
Cash RD$7.020
Missing RD$ 300
Total RD$12.000
The shortage was considered as an advance to the employee.
It is requested to register the reimbursement of petty cash.
5.-The company ABC C.A; decides to create a fixed fund on 12-03-23 for RD$, for which it issued
a check for that amount.
On 31-03-23, the person in charge of the fund requested its replacement, for which he sent
the following relationship:
Receipts:
Office supplies RD$2,300
Advance to employees RD$6.500
Correspondence RD$3.700
Freights without purchase RD$1.270
Cash RD$1.230
Total RD$15.000
It is requested: - To register the creation and replenishment of Petty Cash
6.- The company Comercial Mesa C.A has a petty cash fund of RD$80,000. On 21-05-
On the 23rd, it was decided to conduct a surprise audit on the person in charge of that fund, finding the
next:
Freights s/ Purchases RD$10,000
Advance to Employees RD$20,000
office article RD$30.000
Cash RD$20,000
Total RD$80.000