DISBURSEMENT TRANSACTION CYCLE

DISBURSEMENT

PETTY CASH VOUCHER DISBURSEMENT VOUCHER

Petty Payment
Cash Category

Petty Cash Petty Cash Item ACCOUNTS DIRECT EXPENSES

Expenses Purchases PAYABLE

Record the Expenses Indicate Items Record the Expenses

FMS exe
Incurred Purchased With Incurred
Advance
Payment??
YES NO

GENERAL JOURNAL
BOOK DISBURSEMENT BOOK

DISBURSEMENT BOOK

Journal Entries of the following transactions:

1. A. Petty Cash Expenses: B. Petty Cash Item Purchases:
Expenses - Department XX Inventory – Department – ItemCateg XX
Petty Cash Fund XX Petty Cash Fund XX

2. A. CV for PAYABLES B. CV for EXPENSES:

DV is to APV: Expenses – Department XX
Account Payable - Vendor Type XX CIB-Bank XX
CIB-Bank XX

Un-applied CV:
Advance to Supplier XX
CIB-Bank XX

Re-application of CV to APV:
Accounts Payable XX
Advance to Supplier XX

BizBox Incorporated | Antel Corporate Center, 121 Valero Street, Salcedo Village, Makati, Philippines 1227 ◦ +632.750.3967 to 69 ◦

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 EWT XX

BizBox Incorporated | Antel Corporate Center, 121 Valero Street, Salcedo Village, Makati, Philippines 1227 ◦ +632.750.3967 to 69 ◦

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