How To Investigate Variances?

1.	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. 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.

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.

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.

Discussion

No Comment Found

Related InterviewSolutions

What Is Petty Cash Book?
List The Types Of Entries In The Petty Cash Book?
What Is More Useful Format In Petty Cash?
Define The Variation On The Petty Cash Book?
How You Can Reconcile Petty Cash?
How To Reconcile Petty Cash?
How To Ascertain Stated Balance?
How To Calculate Withdrawn Cash?
What Is Petty Cash System?
How To Investigate Variances?