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Bookkeeping - Petty Cash Records
Unit Code: AK81WE004
Credit Value: 3
Unit ID: BRO697
Last registration date: 31/07/2014
|The learner will
||The learner can
|1. ||Carry out an analysis of a petty cash book.|
|1.1 ||Identify the procedures for entering an opening balance.|
|1.2 ||Follow the methods of restoring the imprest.|
|2. ||Make entries into the petty cash book for payments and receipts.|
|2.1 ||Enter correct, legible and accurate details from petty cash vouchers and receipts, including date, folio reference number and description.|
|2.2 ||Ensure total amount is entered into appropriate location.|
|2.3 ||Follow security measures regarding petty cash.|
|2.4 ||Follow principles and procedures for calculating and cross-checking VAT entries.|
|3. ||Total the petty cash book.|
|3.1 ||Accurately total and cross-cast all columns.|
|3.2 ||Balance and accurately present information using double entry procedures.|
|4. ||Complete petty cash reimbursement.|
|4.1 ||Identify correct amount required to restore imprest.|
|4.2 ||Follow procedures for requesting and authorising cash.|
|5.1 ||Observe procedures for accurate cheque completion.|
|5.2 ||Distribute payslips to employees in accordance with statutory requirements and organisational procedures.|
|5.3 ||Produce emergency or exceptional payments in accordance with organisational requirements to the deadlines agreed.|
There is no assessment information available for this unit. Assessments used should be fit for purpose for the unit and learners, and generate evidence of achievement for all the assessment criteria.
Further assessment guidance is available here.
There is no specific assessment information to be used with this unit.
If not specifically stated in the assessment information, a plural statement in any assessment criterion means a minimum of two.
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.