Page 212 - F3 -FA Integrated Workbook STUDENT 2018-19

Chapter 15

Petty cash reconciliation

2.1 Overview

The purpose of a petty cash reconciliation is to check the
accuracy of an entity’s accounting for petty cash transactions

The steps required to perform a petty cash reconciliation are as follows:

Step 2
 Confirm the
balance per the
petty cash book  Count cash
float on hand.  Cash float on
hand plus
 Confirm value receipts =
of receipts for balance per
Step 1 amounts petty cash book
reimbursed not
yet in petty
cash book Step 3

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