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  • Intac 4

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    2022301307
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    The document discusses cash and bank account management topics such as using petty cash funds, establishing cash thresholds, offsetting cash and bank accounts between banks, performing cash counts, and accounting for gains and losses. Scenarios are presented on offsetting accounts between the same bank and different banks. Guidelines are provided on accounting for immaterial cash overages and shortages.

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    intac 4

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    The document discusses cash and bank account management topics such as using petty cash funds, establishing cash thresholds, offsetting cash and bank accounts between banks, performing cash counts, and accounting for gains and losses. Scenarios are presented on offsetting accounts between the same bank and different banks. Guidelines are provided on accounting for immaterial cash overages and shortages.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    2 views1 page

    Intac 4

    Uploaded by

    2022301307
    The document discusses cash and bank account management topics such as using petty cash funds, establishing cash thresholds, offsetting cash and bank accounts between banks, performing cash counts, and accounting for gains and losses. Scenarios are presented on offsetting accounts between the same bank and different banks. Guidelines are provided on accounting for immaterial cash overages and shortages.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    March 9

    Unused credit line -


    threshold

    Cash unrestricted
    established ?
    :

    Why is Petty Cash fund It is impractical use

    neede ; restricted account

    M
    offset sa

    cament liability
    X
    Bank overdraft over (a sa limit Kayn pinangabono
    -

    way va muna

    Leed
    Privilege
    knware 30 pelos Per 20 laman 4-10
    nalany .

    Scenario :

    If I same bank accounts are can offset from cash


    present

    cach in bank -

    deposit in escrow 100 , 000

    cash in bank -
    current #I (20 000) ,

    Cash : O

    Liab : 20 , 000

    Offset :
    babawasan sa cash

    ; offset if different bank


    prade
    Scenario -di :

    Cash in bank Current #/ BPI 100 , 000

    cash In bank Current #I MeRobank (20 , 000)

    000
    cash 200 ,

    Liab 20 ,
    000

    not ce

    ~
    10 His
    Treasury notes & boads :

    Maturity
    actual ~
    accountability
    Cash count Us cash
    per record

    < shortage

    >
    overage

    90 000 receipt
    > overage
    ,

    100 ,
    000 Cash count
    debit credit

    Normal balance D L
    - -

    Loss -

    debit (loss)
    Expense E

    Revenue (gain
    / Profit (
    gain .
    Credit A

    If immaterial ,
    irecord
    naland yungloss (e .

    g piso ,
    di na
    magaabulary imbesligahan (

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