Pampanga Company-Substantive Test of Cash

 Pampanga Company

 Requirement (a)

Proper composition of the Fund, 11/10/06 Currency and coins Cashed checks Vouchers  !F checks checks

P 2,200 500 740 260

"ota#

P $,700

%ess& Petty cash cash receipt 'ouchers (eturn of e)pense ad'ance !a#e of money orders

P 200 100

*a#ance of Fund per count *a#ance of Fund per records !horta+e "he cashier attempted to concea# the shorta+e .y& 1-

ddin ddin+ + inst insteead of dedu deducctin+ tin+ the cas cash rece ecei'ed i'ed the there.y e.y o'erstatin+ the accountin+ of the fund .y

$00 P $,400 5,000 P 1,600-

P

600

2-

!u.mittin+ .# .#ank mo money or orders c# c#aimed to to ha ha'e .e .een pu purchas hased

600

$-

!u.m !u.mit itti tin+ n+ addi additi tion ona# a# 'ouc 'ouche hers rs c#ai c#aime med d to ha'e ha'e .een .een misp misp#a #ace ced d

400 400

"ota#

P 1,600

 Requirement (b)

udit Procedures a Cashed checks 1 )amin )aminee checks checks as to payee, payee, date, date, endors endorseme ements nts and su.se su.seuen uentt  deposit 2 3etermine if checks ere cashed ith prior appro'a# of a responsi.#e  officia#  .

Vouchers Vouchers not yet rep#enished rep#enished 1 Vouch supportin+ documents, in'oices, etc  2 )amine 'ouchers as to appro'a# .y authoried officia#s, si+nature of    payee, etc 1  2 

d

c !F checks 3etermine reason hy !F checks are sti## on hand Confirm direct#y ith draers

(eturn of e)cess tra'e# ad'ance 1 )amin )aminee #iuid #iuidati ation on of tra'e# tra'e# ad'anc ad'ancee as report reported ed and determ determine ine  accuracy of the amount returned 2 Vouch supportin+ in'oices 

e 1  2

!a#e of money orders )am )amin inee #ate #atest st repo report rt of the the Pamp Pampan an+a +a Co Co to esta esta.# .#is ish h prop proper  er  accounta.i#ity Confir Confirm m direct# direct#y y ith ith the Pampa Pampan+a n+a Co Co a## unrepo unreporte rted d money money orders orders



so#d as e## as unissued as of o'em.er 10

f Vouchers su.seuent#y presented 1 )amine 'ouchers as to date, appro'a#, amount and nature of   e)penditures 2 Confirm direct#y ith emp#oyees those items representin+ a+e  ad'ance + 1 

*ook .a#ance of the Petty Cash Fund "race to the +enera# #ed+er the .a#ance of the fund