The Cash Control Practices of the Municipalities in the 6th District of Pangasinan

Abstract

Cash refers to bills and coins used as medium of exchange and susceptible to theft due to poor cash control. This study used the descriptive survey type of research in a quantitative approach in assessing the level of effectiveness of cash control practices in municipalities in the 6th District of Pangasinan. The study revealed that most of the people working in the municipalities were female, 35-39 years old, college degree holders, rank and file employees, had 1 to 5 trainings, got 6 to 10 years’ experience in cash control and were working in the municipality for 11 to 15 years. The respondents’ assessments on the level of effectiveness of cash control practices as to Segregation of Duties, Imprest System, Voucher System, Audit at Irregular Intervals and Periodic Bank Reconciliation were rated “Effective”. There were significant differences in the respondents’ assessments on the level of effectiveness of cash control practices when grouped according to sex and number of years’ experience in cash control, while there were no significant differences in the respondents’ assessment on the cash control practices when grouped according to age, highest educational attainment, level of position, number of related trainings to cash control, and number of years in the municipality.