Petty Cash Question:
How to Investigate variances?

Answer:
Investigate any differences between the stated amount of the petty cash fund and the actual total of cash and vouchers. If the difference is unexplained, complete a voucher stating the unexplained amount, and charging it to a predetermined departmental account in the general ledger.
Previous Question | Next Question |
What is petty cash system? | How to Summarize vouchers? |