How To Deal With Reimbursement Of Petty Cash Under The Reserve Fund System?

The reserve fund management system can be divided into the fixed reserve fund system and the reserve fund system.

There are two systems.

The so-called "reserve fund" refers to the amount of cash that a unit has approved by the internal departments or staff who frequently use petty cash according to their actual needs, such as sporadic expenses and piecemeal purchases, and to ensure that they regularly maintain the approved amount.

The implementation of the fixed reserve fund system, the use of fixed reserve fund departments or staff should fill in the loan certificate according to the approved quota, take out all the fixed amount of cash at once, and reimburse it with the relevant invoices, such as invoices, and the cashier will supplement the original amount of the reimbursement amount, so as to ensure that the department or staff often maintain the approved cash quota.

Only when the reserve fund is revoked or the operator is changed, will the deposit be paid back.

When a unit that implements the fixed reserve fund, its internal departments or relevant staff members use spare funds to purchase goods or for sporadic expenses, the goods purchased shall be checked and accepted by warehouses and warehouses. The inspection and warehousing receipts will be reimbursed to the finance department with invoices for reimbursement of other expenses by invoices or other original vouchers to the financial department.

When the relevant departments or staff members are reimbursed, the accounting personnel should prepare cash payment vouchers.

The cashier will pay according to the payment voucher.

The amount of money used to recharge the reimbursed department or staff.

After reimbursement, the relevant departments or staff members have reached the approved quota in cash.

Example: the M company maintains a fixed reserve fund system of 1200 yuan.

On May 14, it purchased 800 yuan of spare parts in cash, leaving only 400 yuan for its reserve fund, and accounting for the next day to the finance department.

The cashier repaid 800 yuan in cash, so that the reserve fund of the maintenance department had reached 1200 yuan.

The entry is:

Borrowing: management cost 800

Loan: cash 800

If the maintenance department purchased the spare parts in May 14th, it actually paid 1400 yuan, and the cash paid by the handling personnel was 200 yuan. When the reimbursement was made in May 15th, the cash payable to the cashier was 1400 yuan, and the reserve fund of the maintenance department returned to 1200 yuan after paying 200 yuan to the operator's pad.

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A purchaser of a factory holds a bank promissory note issued by the Bank of the factory and can not be used to withdraw cash, and buys a batch of materials worth 100 thousand yuan to the B company.

Due to the careless maintenance of the purchaser, the bag containing the bank cashier was lost on the way.

Subsequently, a factory in accordance with the report of the procurement staff, the bank cashier lost notice of the bank's cashier's payment bank, reporting loss to stop payment.

However, the bank refused to handle the loss until it was reviewed.

Question:

(1) is it correct for the bank to refuse to stop payment? Why?

(2) what measures can a factory take to safeguard its rights and interests after being refused payment by the bank?

Answer:

(1) the bank's refusal to stop payment is correct.

According to the provisions of the "payment and settlement method", the loss of a bank promissory note with the words "cash" can be notified by the drawee to the drawee or the agent, and the bank cashier without the words "cash" is lost.

(2) a factory can take the measures of public summons to safeguard its rights and interests, that is, it may apply to the grassroots people's court where the bank cashier pays to apply for public notice, request the people's court to give notice to the bank paying the bank's cashier's stop immediately, and notify the indefinite interested party's right to declare the declaration within a specified time by the notice, and the right fails to expired, but the bank promissory note lost by the court through the invalidation judgment is invalid.

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