基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTSupplement2 Bank Accounts and Cash Funds.ppt

《基础会计英文版课件第二版郭桂杭 ISBN9787566307125 PPTSupplement2 Bank Accounts and Cash Funds.ppt》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、Supplement2BankAccountsandCashFundsDefinitionofCashandItsManagementChina:Cash—“cashonhand”andanydepositinbanksthatcanbeusedforeffectingpaymentsatanytimeCashonhand—theamountofcurrencyheldandusedinthedailyoperationsofabusinessTheUnitedStates:Cash—themoney

2、depositedinbanksandanyitemsthatbankswillacceptfordeposit(papercurrency,coins,checks,bankdrafts,moneyorders,creditcardreceiptsfromsales)OpeningaCheckingAccountSignaturecard:Anyindividualwhoisauthorizedtosigncheckagainsttheaccountshouldsignthesignaturecar

3、d.HelptosafeguardtheinterestsofthebankandthedepositorOpeningaCheckingAccountAsamplesignaturecard:OpeningaCheckingAccountSamplechecks:OpeningaCheckingAccountBankStatementFromtheviewpointofthebank,anydepositsfromitscustomersareliabilities.Thebankusuallyre

4、cordsthecustomers’depositsbycreditingaliabilityaccountcalledDepositsPayable.Ontheotherhand,itrecordstheamountsofcheckswrittenbyitscustomersforpaymentbydebitingtheDepositsPayableaccount.Onceamonth,thebankwillsendabankstatementtoitsdepositorstotellthemthe

5、changesintheiraccounts.BankStatementAbankstatementprovidesthefollowinginformationaboutthecustomers’accounts:thebalanceatthebeginningofthemonth;alldepositsandotheradditionstotheaccount;allcheckspaidandotherdeductionsfromtheaccount;thebalanceattheendofthe

6、month.ReconcilingtheBankStatementSomeusualreasonsforthediscrepanciesbetweenthebankstatementbalanceandthebookbalance:OutstandingchecksDepositintransitServicechargeCollectionsNSF(NotSufficientFunds)checksordishonoredchecksErrorReconcilingtheBankStatementB

7、asicstepsinreconcilingthebankstatement:Compareallthecanceledcheckswiththecorrespondingcheckstubortherelevantentriesinthecashpaymentsjournal.Comparethedepositshownonthebankstatementtothoseshownonthebooksofthebusiness.Addthedepositsintransittothebankstate

8、mentbalance.Checkagainstpreviousmonth’sbankreconciliation.Checkthedebitmemorandumsandcreditmemorandumswiththejournal.ReconcilingtheBankStatementTakeGuangliServicesasanexample:JournalizingtheReconciliationTheaccountantonlyjournali