Petty Cash Accounting Treatment Analysis at Cattamaran Beach Club

Budiartini, Kadek Ayu and Putrayasa, I Made Agus and Karma, I Gede Made (2022) Petty Cash Accounting Treatment Analysis at Cattamaran Beach Club. Repositori Politeknik Negeri Bali.

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Abstract

The company's petty cash activities must determine the appropriate method according to the company's petty cash needs. There-fore petty cash must be recognized, measured, recorded, presented and disclosed in the financial statements for the purposes of internal and external parties. The purpose of this study was to determine how the accounting treatment of the Cattamaran Beach Club (CBC) petty cash fund and the impact of the petty cash accounting treatment on the financial statements. This study uses a qualitative approach by analyzing primary data in the form of interviews with chief accounting, general cashier and purchasing, and secondary data in the form of documentation from the December 2021 petty cash report, 2021 income statement, financial position report as of 31 December 2021. Analysis techniques The data used is a comparative descriptive analysis method. The results of this study indicate that the recognition of CBC's petty cash is recognized when the petty cash is formed. CBC petty cash meas-urement uses rupiah currency for each transaction and journal. CBC petty cash recording using a double entry system with the fixed fund method. For the presentation of petty cash, CBC petty cash is presented in the current assets element in Statement of Finan-cial Position. For CBC petty cash disclosures, the petty cash balance disclosed in the financial statements is not the same as the physical balance. Several petty cash transactions that are not recognized as adjustments at the end of the year have an impact on the disclosure of several Financial Statement accounts.

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