Audit of Cash FRACTIONAL DENOMINATIONS CASH ITEMS Checks and PMO’s for d Vouchers not yet replenished Advances or 1.0.U.'s Others Amount of Fund Per Count Amount of Fund Per Books or Receipts Difference, If An} ~ 1 her certify that the above fund of P___ was counted in my’ presence by iad on_______, 20__at_______AM/PM and the same was retumed to Me intact. There are no other funds for which | am accountable for except as noted below: Other Funds: (Simultaneously counted or Physically controlled) (Signature of Cashier)Figure 5.2 Bank Reconciliation Statement (Bank Balance to Book Balance Method) X Company Bank Reconciliation Statement December 31, 2017 Balance per bank statement Aa Px ‘Add: Book debits not yet credited by the bank (e.g., undeposited collections) Bank debits not yet credited by the company (eg., service charges for the month’ of December, NSF checks returned in December) Total Less: Book credits not yet debited by the bank {e.g., outstanding checks) = Bank credits not yet debited by the company (e.g., proceeds of note collected by bank) x x Balance per books i Px bs = bh Figure 5.3 Bank Reconciliation Statement (Book Balance to Bank Balance Method) X Company Bank Reconciliation Statement. December 31, 2017 Balance per books Pax” ‘Add: Book credits not yet debited by the bank (e.g., outstanding checks) Pxx Bank credits not yet debited by the company (e.g., proceeds of note collected by bank) ~~ a Total Px Less: Book debits not yet credited by the bank Px q (e.g., undeposited collection) Bank debits not yet credited by the company (e.g., bank charges for December, NSF checks retumed in December) 7 oy Ltammeapertane gge-eosmaow Figure 5.4 Bank Reconciliation Statement (Adjusted Balances Method) X Company Unadjusted balance per bank ‘ ‘Add: Book debits not yet credited by the bank (e.g., undeposited collections) Less: Book credits not yet debited by the bank (e.g., outstanding checks) Adjusted bank balance Unadjusted balance per books Add: Bank credits not yet debited by the company (e.g., Proceeds of note collected by bank) Less: Bank debits not yet credited by the’ company (e.g., Bank charges) Adjusted book balance Bank Reconciliation Statement December 31, 2017 Pxx BE xProof of Cash or Reconciliation of Receipts and Disbursement, Figure 5.5 . (Bank Balance to Book Balance Method) X Company Proof of Cash For the month ended December 31, 2017 Nov. 30 December Dee. 34 Balance Receipts _Disbursement_ —Balanca Balance per bank statement Pxx Prxx Prxx pea Add (Deduct) Reconciling Items 1. Deposit in transit (received by the bank in the succeeding month) November 30 x (xx) December 31 xX x 2. Outstanding checks (paid by the bank in the succeeding month) November 30 (xx) (xx) December 31 xx (a) 3. Bank charges (recorded by the company in the succeeding month) November x x December (xx) x 4, Notes collected by bank (recorded by the company in the succeeding month) November (xx) x December (xx) (a) 5. Check of another company erroneously charged by bank (corrected in the following month) November x (xx) December (xx) x 6. Deposit of another company erroneously credited by the bank (corrected in the following month) November (xx) (x)Figure 5.6 Proof of Cash (Book Balance to Bank Balance Method) « X Company : Proof of Cash For the month ended December 31, 2017 Nov. 30 December Dec, 31 Ince: Receipts _ Disbursement Balance Balance per books Pxx Pxx Pxx Px Add (Deduct) Reconciling Items 1. Deposit in transit (received by the bank in the succeeding month) November 30 (xx) Xx December 31 (xx) (xx) 2. Outstanding checks (paid by the bank in the succeeding month) November 30 x Xx December 31 (xx) xx 3. Bank charges (recorded by the company in the succeeding month) November (xx) (xx) December xx (xx) 4, Notes collected by bank (recorded by the company in the succeeding month) November mK (xx) December x x 5. Check of another company erroneously charged by bank (corrected in the following month) November (xx) a December xX (xx) 6. Deposit of another company erroneously credited by the bank (corrected in the following month) November December = & Balance per bank statementFigure 5.7 Proof of Cash (Adjusted Balances Method) a X Company Proof of Cash For the month ended December 31, 2017 Nov.30 ____December_ Dee. Balance Receipts _ Disbursement —Balanes | Unadjusted book balance Pxx Pxx Pax Pxx Add (Deduct) Adjustments Proceeds of note collected by bank (recorded by the company in the succeeding month) November 30 x (xx) December 31 ™ hs Bank charges (recorded by the company in the succeeding month) November December - Adjusted book balance Unadjusted bank balance Add (Deduct) Adjustments Deposit in transit (received by bank in the succeeding month) November 30 (o) December 31 . = ie Outstanding checks (paid by the bank ‘ in the succeeding month) November 30 (xx) (x) December 31 x Check of another company erroneously charged by bank (corrected in the following month) : November x (@) ° December (x) x Deposit of another company erroneously credited by the bank (corrected in the following month) November Elz E | BE ks RE x (o) (ox) (~)If lapping is suspected, the following pro-forma working papers may be used: Figure 5.8 Lapping Schedule Collections per Cash Deposits per Receipts Book Deposit Siip Date Particulars Currency Checks Currency Check Shortage (Overage) Currency Checks Remarks Figure 5.9 Working Papers to determine Adjusted balance of Petty Cash Fund X Company Petty Cash Fund 12-31-17 Balance per ledger Px Add (Deduct) Adjustments AJE (1) to take up unreplenished expenses (x) (2) to take up advances to employees Balance as adjusted BE