PETTY CASH FUND ( Imprest System )

February 1, 2021, Mr. Lim, established petty cash fund to Ms. Diana amounting to 3,000

• Petty Cash Fund (Debit)

  Cash in Bank (Credit)

• Petty Cash Fund (Debit)

  Expenses

  (Credit)

• Cash in Bank (Debit)

  Petty Cash Fund (Credit)

• Cash in Bank (Debit)

  Expenses (Credit)

February 11, Some clients went to visit and Ms. Diana bought Food for them amounting to 250.

• Expenses (Debit)

  Cash in Bank (Credit)

• NO ENTRY

  ONLY MEMO

• Expenses (Debit)

  Petty Cash Fund (Credit)

• Petty Cash Fund( Debit)

  Expenses (Credit)

February 20, Mr. Lim decided to increase the Petty Cash Fund.

• Petty Cash Fund

  (Debit)

  Cash in Bank (Credit)

• Cash in Bank (Debit)

  Petty Cash Fund

  (Credit)

• Expenses (Debit)

  Cash in Bank (Credit)

• Cash in Bank

  (Debit)

  Expenses

  (Credit)

February 27 Ms. Diana replenished petty cash with the following: Transportation 60

Staff Food & Beverages 400, Miscellaneous Expenses 600.

• Transportation

  Staff Food & Bev

  Miscellaneous (Debit)

  Petty Cash Fund (Credit)

• Petty Cash Fund (Debit)

  Transportation

  Staff Food & Bev

  Miscellaneous (Credit)

• Cash in Bank

  (Debit)

  Transportation

  Staff Food & Bev

  Miscellaneous

  (Credit)

• Transportation

  Staff Food & Bev

  Miscellaneous (Debit)

  Cash in Bank (Credit)

March 1, Mr. Lim decided to decrease the petty cash fund.

• Cash in Bank (Debit)

  Petty Cash Fund (Credit)

• Cash in Bank (Debit)

  Expenses (Credit)

• Petty Cash Fund (Debit)

  Cash in Bank (Credit)

• Petty Cash Fund (Debit)

  Expenses (Credit)