Imprest Fund System Fluctuating Fund System

Debit Credit
May 1 Petty Cash Fund 10,000.00 May 1 Petty Cash Fund
Cash in Bank 10,000.00

30 Postage 1,000.00 30 Petty Cash Fund

Supplies 3,000.00
Transportation 2,500.00
Miscellaneous Expense 1,500.00 June 30 Expenses
Cash In Bank 8,000.00

June 30 Supplies 2,000.00 July 15 Petty Cash Fund

Postages 1,000.00
Transportation 1,000.00
Petty Cash Fund 4,000.00

July 15 Petty Cash Fund 5,000.00

Cash in Bank 5,000.00
 Fluctuating Fund System
Debit Credit Book Balance
Petty Cash Fund 10,000.00 Add: Credit Memos
Cash in Bank 10,000.00 Bank Loan
Total
Petty Cash Fund 10,000.00 Less: NSF
Cash in Bank 10,000.00
Service Charge
Expenses 4,000.00 Debit Memos
Petty Cash Fund 4,000.00 Adjusted Book Balance

Petty Cash Fund 15,000.00 Bank Balance

Cash in Bank 15,000.00 Add: Deposit in Transit
Errors
Total
Less: Outstanding Checks
Errors
Adjusted Bank Balance
 2,700,000.00 Book Balance 50,000.00
435,000.00 Add: Credit Memos 15,000.00
940,000.00 Outstanding Checks 65,000.00
4,075,000.00 Total 130,000.00
50,000.00 Less: Debit Memos 6,000.00
Deposit in Transit 40,000.00
10,000.00 Bank Balance 84,000.00
60,000.00
4,015,000.00

4,000,000.00
475,000.00
290,000.00
4,765,000.00
600,000.00
- 150,000.00
4,315,000.00
Bank Balance 3,265,000.00 Book Balance
Add: Deposit in Transit 450,000.00 Add: Credit Memos
Debit Memos 415,000.00 Bank Loan
Total 4,130,000.00 Errors
Less: Credit Memos 880,000.00 Total
Outstanding Checks 610,000.00 Less: NSF
Book Balance 2,640,000.00
Service Charge
Debit Memos
Adjusted Book Balance
 1,300,000.00 Bank Balance
Add: Deposit in Transit
20,000.00 Errors
10,000.00
1,330,000.00 Total

Outstanding Checks
5,000.00
85,000.00 90,000.00 Total
Book Balance 1,240,000.00 Adjusted Bank Balance
 1,200,000.00
275,000.00

1,475,000.00

265,000.00
- 30,000.00
235,000.00
1,240,000.00
Date Checks Withdrawal Deposits Balance
Dec-01 Balance 130,000.00
Check No. 768 10,000.00 120,000.00
1 771 20,000.00 100,000.00
4 772 5,000.00 95,000.00
6 773 35,000.00 30,000.00 90,000.00
12 774 15,000.00 40,000.00 115,000.00
12 776 52,000.00 63,000.00
24 1042 8,000.00 50,000.00 105,000.00
28 NSF 10,000.00 45,000.00 140,000.00
28 SC 5,000.00 135,000.00
Bank Balance 3,500,000.00 Book Balance
Deposits in Transit 550,000.00 Outstanding Checks
NSF Check 50,000.00 Errors
Debit Memo 5,000.00
Outstanding Checks - 650,000.00
Errors - 270,000.00 DIT
- 180,000.00 NSF
125,000.00 DM
Book Balance 3,130,000.00 Bank Balance
 3,130,000.00
650,000.00
270,000.00
180,000.00
- 125,000.00
- 550,000.00
- 50,000.00
- 5,000.00
3,500,000.00