Imprest Fund:

Entry for establishment of PCF:

Petty Cash Fund xxx

Cash In Bank xxx

Entry for payment of expenses out of the fund: NO ENTRY

Entry for replenishment of petty cash payments:

Various Expenses xxx

Cash In Bank xxx

Total expenses + Available Fund xx

Less: Petty cash Fund established (Accountability) (xx)
Shortage/Overage xx

Fluctuating Fund:

Entry for establishment of PCF:

Petty Cash Fund xxx

Cash In Bank xxx

Entry for payment of expenses out of the fund:

Various Expenses xxx
Petty Cash Fund xxx

Entry for replenishment of petty cash payments:

Petty Cash Fund xxx
Cash In Bank xxx

BANK RECONCILIATION:

Unadjusted Book Balance

+ Bank Credit Memo (Collection of payment from customers, interest earned)
- Bank Debit Memo (NSF Check & Bank Service Charge)
+/- Book errors
Adjusted Book Balance

Unadjusted Bank Balance

+Deposit in Transit
-Outstanding Checks
+/- Bank Errors
Adjusted Bank Balance