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Under the imprest system, a fund is established for a xed petty cash amount, and this fund is periodically reimbursed by a single check for amounts expended The steps in setting up and maintaining the petty cash fund are as follows: 1 An estimate is made of the total of the small amounts likely to be disbursed over a short period, usually a month A check is drawn for the estimated total and put into the fund The only time an entry is made in the petty cash account is to establish the fund initially, unless at some lat er time it is determined that this fund must be increased or decreased 2 The individual in charge of petty cash usually keeps the money in a locked box along with petty cash vouchers.



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Fig. 5-15

PRINCIPLE 5:

PRINCIPLE 6:

PRINCIPLE 7:

PRINCIPLE 8:

Each check in the following table indicates a diagonal property of the figure. Diagonal Properties Diagonals bisect each other. Diagonals are congruent. Diagonals are perpendicular. Diagonals bisect vertex angles. Diagonals form 2 pairs of congruent triangles. Diagonals form 4 congruent triangles. Parallelogram Rectangle Rhombus Square





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The petty cash voucher, when signed by the recipient, acts as a receipt and provides information concerning the transaction As each payment is made, the voucher is en tered in the petty cash record under the heading, Payments 3 The amount paid is then distributed to the account affected 4 The columns are totaled in order to determine the amount charge able to each account 5 A check is then drawn in an amount equaling the total amount dis bursed 6 When the check is cashed, the money is replaced in the fund to re store it to the original amount 7 Each amount listed in the distribution section of the petty cash fund is entered as a debit to the individual expense The total amount of the check is credited to Cash 8.

The basic or minimum definition of a rectangle is this: A rectangle is a parallelogram having one right angle. Since the consecutive angles of a parallelogram are supplementary, if one angle is a right angle, the remaining angles must be right angles. The converse of this basic definition provides a useful method of proving that a parallelogram is a rectangle, as follows:

PRINCIPLE 9:

Fig. 5-16

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PRINCIPLE 10:

The basic or minimum definition of a rhombus is this: A rhombus is a parallelogram having two congruent adjacent sides. The converse of this basic definition provides a useful method of proving that a parallelogram is a rhombus, as follows:

PRINCIPLE 11:

Fig. 5-17

If the decimal can be divided by the value in the left column, then a 1 is put in the position in the right column. If the quotient is more than 1, then use the next largest value in the left column. Keep dividing the remainder with ever-decreasing values from the left, and enter a 0 or a 1 in the position represented in the right column until 0 remains. Let s take the decimal numeral value 237 as an example. 237/128 = 1 109/64 = 1 45/32 = 1 13/16 = 0 13/8 = 1 5/4 = 1 1/2 = 0 1/1 = 1 (h) (g) (f) (e) (d) (c) (b) (a) then 237 128 = 109 then 109 64 = 45 then 45 32 = 13 then 13 8 = 5 then 5 4 = 1 then 1 1 = 0

Proof of petty cash is obtained by counting the currency and adding the amounts of all the vouchers in the box The total should agree with the amount in the ledger for the petty cash fund If it does not, the entry in the cash disbursements journal recording the reimbursement of the petty cash fund will have to include an account known as Cash Short and Over A cash shortage is debited and a cash overage is credited to this account Cash Short and Over is closed out at the end of the year in to the Income Summary account and is treated as a general expense or miscel laneous income..

PRINCIPLE 12:

5.7 Applying algebra to the rhombus Assuming ABCD is a rhombus, find x and y in each part of Fig. 5-18.

Fig. 5-18

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