WebNov 21, 2013 · FLUCTUATING FUND SYSTEM Petty cash fund 10,000 Cash in bank 10,000 Book balance xx Add: Credit memos xx Outstanding checks xx xx Total xx Less:Debit memos xx Deposits in transit xx xx Bank balance xx Preparation of adjusting entries Book to bank method The book balance is adjusted to equal the bank balance … WebFeb 15, 2024 · 1. Metode Dana Tetap (Imprest Fund System) Petty cash metode imprest atau metode dana tetap menetapkan bahwa jumlah atau saldo akun petty cash selalu …
IMPREST FUND vs. FLUCTUATING FUND... - Everything …
WebIMPREST SYSTEM FLUCTUATING SYSTEM. May 2 Petty Cash Fund 10,000 Petty Cash Fund 10, Cash in bank 10,000 Cash in bank 10, 9 Postage 1,000 Postage 1, Supplies … WebFluctuating fund system The system is called “fluctuating fund system” because the checks drawn to replenish the fund do not necessarily equal the petty cash … dwarven mines waypoints
Petty Cash Fund - Fluctuating Fund System - YouTube
WebIssued check for an amount to replenished the fund and bring the balance of the petty cash P20,000 REQUIRED: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. ANSWER IMPREST FUND SYSTEM Petty Cash Fund 10,000 Cash in Bank 10,000 2. No Entry 3. No Entry 4. Petty Cash … WebFeb 17, 2024 · The balance based on a count was P600 A summary of the petty cash expenditures as of December 28 is as follows: Freight-in charges P 1,000 Supplies purchased and used 500 Postage expenses 250 IOU from employees 150 Miscellaneous expenses 300 Prepare the journal entries to record the transactions related to the petty … WebThe entity established an imprest fund of P10,000 29 The fund is replenished. The petty cash items include: Currency and coins 2,000 Postage 1,000 Supplies 3,000 Transportation 2,500 Miscellaneous Expenses 1,500 Jun 30 The fund was not replenished. dwarven mead hall names