21版《会计学原理》原版教辅ch01 (6)

checks Errors
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Steps in a Bank Reconciliation
1. Compare each deposit listed on the bank statement Add deposits not recorded by the bank to the with unrecorded deposits appearing on the preceding balance according to with deposit receipts. period’s reconciliation andthe bank statement. 2.Deduct checks outstanding that have been paid Compare paid checks with outstanding checks appearing on the preceding period’s reconciliation and by the bank from the balance according to the with recorded checks. bank statement. 3. Add credit memorandums that haveentries in the Compare bank credit memorandums to not been journal.
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Objectives
5. Prepare a bank reconciliation and journalize any necessary entries. 6. Account for small cash transactions using a petty cash fund. 7. Summarize how cash is presented on the balance sheet. 8. Compute and interpret the ratio of cash to current liabilities.
A voucher system normally uses vouchers. The system normally has a file for unpaid vouchers and a file for paid vouchers. Usually prepared by the Accounting Department after all necessary supporting documents are received (purchase order, supplier’s invoice, and a receiving report). In preparing the voucher, the accounts payable clerk verifies the quantity, price, and mathematical accuracy of the supporting documents and files the paid voucher.
Objectives
1. Describe the nature of cash and the importance After studying of internal control over cash.this 2. Summarize chapter, you should achieving basic procedures for internal control overable to: be cash receipts. 3. Summarize basic procedures for achieving internal control over cash payments, including the use of a voucher system. 4. Describe the nature of a bank account and its use in controlling cash.
Controlling Cash Received in the Mail
4. The remittance advices and their summary totals are delivered to the Accounting Department where a clerk prepares the records of the transactions and posts them to the customer account. 5. The stamped duplicate copy of the deposit ticket is returned to the Accounting Department where a clerk compares the receipt with the total amount that should have been deposited.
Internal Control of Cash Payments
1. Cash controls must provide assurance that
payments are made for only authorized transactions.
2. Cash controls should ensure that cash is used efficiently. 3. A voucher system provides assurance that what is being paid for was properly ordered, received, and billed by the supplier.
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A voucher system is a set of procedures for authorizing and recording liabilities and cash payments.
Basic Features of the Voucher System
Basic Features of the Voucher System
Controlling Cash Received in the Mail
1. The employee who opens the mail should initially compare the amount received with the amount on the remittance advice. 2. The employee opening the mail stamps checks and money orders “For Deposit Only” in the bank account of the business. 3. All cash is sent to the Cashier’s Department where checks and money orders are combined with receipts from cash sales and a bank deposit ticket is prepared.
To record cash sales and actual
cash on hand.
Cash sales for March 19 totaled $3,150.00 per the cash register tape. After removing the change fund, only $3,142.00 was on hand.
A summary received from the bank of all account transaction is called a statement of account.
A bank reconciliation is a listing of the items and amounts that cause the cash balance reported in the bank statement to differ from the balance of the cash account in the ledger.
Reasons for Differences Between Depositor’s Records and the Bank Statement
Outstanding checks Deposits in transit Service charges
Collections
Not-sufficient-funds (NSF)
Controlling Cash Received in the Mail
Most companies’ invoices are designed so that customers return a portion of the invoice, call a remittance advice.
Retailers’ Sources of Cash
Cash Receipts
CASHIER’S DEPARTMENT