Question

ust before lunch, Sunil, a petty cashier, responsible for the petty cash book was asked by his manager for $30 from petty cash, because he needed to buy some groceries and had no time to get the necessary cash from his bank. To account for this, the manager suggested that Sunil record an entry for office window-cleaning in the petty cash book to match the money taken. They both knew that the window cleaner would be visiting the following morning, and always charged $30 for his work. Therefore, the manager could draw $30 from his bank account that evening, and replace the cash before the window cleaner requested payment.

Answer 1

Answer:

but what is the question

Step-by-step explanation:

Answer 2

Answer:

Although the manager is only ‘borrowing’ the cash, this is really an example of misappropriation and false accounting, and involves a lack of honesty (or integrity) on the part of both the manager and Sunil. Sunil has not challenged the manager about the appropriateness of ‘borrowing’ business funds for private purposes, but has made a false entry in the petty cash book in order to conceal the manager’s wrongdoing.

Here is what some other students thought:

'This is totally unethical and unprofessional, and cast doubts on booking-keepers'/accountants' integrity. Although the money is meant to be reinstated, there is not appropriate procedure and proper use of business funds. All petty cash should used for a proper purpose related to authorised business expenses, and should be documented with a corresponding entries on the correct dates and with bills/invoice. Personal and business expenses and interest must be clearly separated and necessary guidelines and controls/authorisation implemented'

'This is totally unethical and unprofessional, and cast doubts on booking-keepers'/accountants' integrity. Although the money is meant to be reinstated, there is not appropriate procedure and proper use of business funds. All petty cash should used for a proper purpose related to authorised business expenses, and should be documented with a corresponding entries on the correct dates and with bills/invoice. Personal and business expenses and interest must be clearly separated and necessary guidelines and controls/authorisation implemented'

'It is unproffessional and unethical'

'It is unproffessional and unethical'

'This is not considered as a theft or fraud. But it is unethical and unprofessional behaviour of the employer and employee to record wrong transaction.'

'Sunil is not showing proper integrity in his work. He will not be honest and straightfoward with the company's business'