Proof OF CASH - MATERIALS REV

PROOF OF CASH

Proof of Cash – is a two-date bank reconciliation showing the

total amounts of receipts and disbursements during a particular

period. The two dates in proof of cash include the beginning

cash in bank balance and the ending cash in bank balance

From the beginning unadjusted cash in bank balances, the

ending unadjusted cash in bank balance can be computed as

follows:

Using the unadjusted book amounts:

Add: Unadjusted cash receipts/bank receipts/bank credits

Less: Unadjusted cash or bank disbursements/bank debits

Ending unadjusted cash in bank per bank statement

Using the adjusted amounts:

Beginning adjusted cash in bank

Add: Adjusted cash receipts/bank receipts/bank credits

Less: Adjusted cash or bank disbursements/bank debits

Ending unadjusted cash in bank

Proof of cash general format when using the unadjusted book

balances:

Credit

memo

(current)

xxx xxx

Debit memo

(previous) (xxx) (xxx)

Debit memo

(current) xxx (xxx)

Adjusted

book bal. xxx xxx xxx xxx

Proof of cash general format when using the unadjusted bank

balances:

Outstanding

Outstanding

Adjusted

book bal. xxx xxx xxx xxx

The effects of the errors shall be assessed in a case-by-case

basis.

Proof of cash general format when using the book to bank

(previous)

Credit

memo

(current)

Debit memo

Debit memo

D.I.T

Unadjusted

bank bal.