UNIVERSITY OF CALOOCAN CITY

Camarin Campus
Proof of Cash

> Proof of Cash

-expanded reconciliation in that it incudes proof of receipts and disbursements
> Forms of Proof of Cash
a. Adjusted balance method
b. Book to bank method
c. Bank to book method

> Computation of Book Balance

Balance per book- beginning
Add: Book debits during the period
Total
Less: Book credits during the period diets
Balance per book- ending (XX)

> Computation of Bank Balance

Balance per bank-beginning
Add: Bank credits during the period
Total
Less: Bank debits during the period
Balance per bank- ending.

> Computation of Deposits in Transit

Deposits in Transit - beginning
Add: Cash receipts deposited during the period
Total
Less: Deposits acknowledged by bank during the period**
Deposits in Transit - ending

"Do not include prior period CM's **Do not include current period CM's
> Computation of Outstanding Checks
Outstanding Checks - beginning
Add: Checks drawn by depositor during the period*
Total
Less: Checks paid by bank during the period**
Outstanding Checks - ending

*Do not include prior period CM's

**Do not include current period CMS

Proof of Cash - Per Books (Adjusted Method)

Unadjusted Book Balance

1. CM-prior period
2. CM- current period
3. DM - prior period
4. DM- current period
5. Overstated disbursement - prior period, corrected at current period
6. Overstated disbursement - prior period, NOT YET corrected at current period
7. Overstated receipt - prior period, corrected at current period
8. Overstated receipt - prior period, NOT YET corrected at current period
9. Overstated disbursement - current period, corrected at current period
10. Overstated disbursement - current period, not yet corrected at current period
11. Overstated receipt - current period, corrected at current period
12. Overstated receipt - current period, not yet corrected at current period
13. Understated disbursement - prior period, corrected at current period
14. Understated disbursement - prior period, not yet corrected at current period
15. Understated receipt - prior period, corrected at current period
16. Understated receipt - prior period, not yet corrected at current period
17. Understated disbursement - current period, corrected at current period
18. Understated disbursement current period, not yet corrected at current period
19. Understated receipt - current period, corrected at current period
20. Understated receipt current period, not yet corrected at current period
21. NSF Check-prior period, redeposited at current period
22. NSF Check-current period, redeposited at current period
23. NSF NCheck-current period, redeposited next period
24. Post-dated or unreleased check of the company included as an outstanding checks for the current
month.
25. Post dated check from customer in current month recorded as receipt in current month
26. Cancellations of companies checks recorded by a reduction of cash disbursements
27. Check of the
replacement company
check issued
was issued in prior
. Both month
checks werewas mutilated
entered and
in the returned
check by what
register the payee. A was made
no entry
to cancel the mutilated check ( should not be included as part of outstanding checks in january)
28. NSF Check recorded as reduction of cash Receipts
a.. Returned in prior month and recorded in current month
b. Returned in current month and recorded in current month
29. The company
current issued
month which wasa not
stopreceived
paymentbyorder to theabank
the payee new in current
check wasmonth
writtenfor therecorded
and check issued
in theincheck
register in current. The old check was written off by a journal entry also in current month.
Adjusted Book Balance
Proof of Cash - Per Bank (Adjusted Method)

Unadjusted Bank Balance

1. DIT -prior period
2. DIT - current period
3. OC - prior period
4. OC - current period
5. Overstated disbursement - prior period, corrected at current period
6. Overstated disbursement - prior period, NOT YET corrected at current period
7. Overstated receipt - prior period, corrected at current period
8. Overstated receipt - prior period, NOT YET corrected at current period
9. Overstated disbursement - current period, corrected at current period
10. Overstated disbursement - current period, not yet corrected at current period
11. Overstated receipt - current period, corrected at current period
12. Overstated receipt - current period, not yet corrected at current period
13. Understated disbursement - prior period, corrected at current period
14. Understated disbursement - prior period, not yet corrected at current period
15. Understated receipt - prior period, corrected at current period
16. Understated receipt - prior period, not yet corrected at current period
17. Understated disbursement - current period, corrected at current period
18. Understated disbursement current period, not yet corrected at current period
19. Understated receipt - current period, corrected at current period
20. Understated receipt current period, not yet corrected at current period
21. NSF Check-prior period, redeposited at current period
22. NSF Check-current period, redeposited at current period
23. NSF Check-current period, redeposited next period
Adjusted balance method - BANK

240 Customer's
in January NSF returned
and February by bank
to record in prior
the NSF month
check), and redeposited and cleared in Current (no entry
P3,400

BANK Beg

Rec.

3,400

check (3,400)

2.

Payment directly from the

collections (paid out in explanation below)

currency), P1,000. (see

3.

Erroneous bank credit made in

February corrected by Debit/Disbursements also in February, P3,100.

4.

Customer's dishonored also

checks are redeposited checks in February
in February andare
arerecorded
recordedasasreduction of cash receipts.
regular receipts, P2,400. The dishonored

5.
NSF check both
the books amounting
on theto P2,000
return andreturned this- month
redeposit) and
see note redeposited this month (no entry was made in
below.
Adjusted Bank Balance