Applicable accounting

standards
CASH ON HAND Govern by:
(CUTCMOBA) PFRS 9 - Financial Instruments
PAS 39 - FI - Disclosure & Presentation
Current operations
PAS 1 - Presentation of FS
(CP²RIntPeDiT²)
PAS 7 - Statement of Cash Flows.

CASH Cash fund set

Non-Current operations
(P²ACIS)
Terms
CASH
Cash in bank
(CURRENT & SAVINGS DEPOSIT) Includes money and other negotiable
instrument that is payable in money and
acceptable by the bank for deposit and
immediate credit. Money that is readily
available for unrestricted in use.

CASH EQUIVALENTS

ares hort-term highly liquid investments

Short term that are readily convertible to known
amount of cash which are subject to an
highly liquid investment insignificant risk of changes in value.

CASH Subject to insignificant risk of

T-bills
Time deposit
EQUIVALENTS changes in value. Money markets

3 months rule

KATE CYRENE L. PEREZ

Bachelor of Science in Accountancy - 2
 Demand Deposit

Bank deposits Savings deposit

Time deposit

Adjusted balance method

BANK
RECONCILIATION
Forms of bank
Reconciliation Book to bank method

Bank to book method

Credit memo
Book
Debit memo
Reconciling items

Reconciling Book errors

Items Deposit in transit
Bank
Reconciling items Outstanding checks

Bank errors

KATE CYRENE L. PEREZ

Bachelor of Science in Accountancy - 2
 CASH ON HAND
Current operations
(CUTCMOBA) (CP²RIntPeDiT²)

CASH Cash fund set

Non-Current operations
(P²ACIS)
Cash in bank
(CURRENT & SAVINGS DEPOSIT)

Short term
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CASH highly liquid investment

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EQUIVALENTS

3 months rule

VHON NETHANIEL R. LLAMES INTERMEDIATE ACCOUNTING 1

Bachelor of Science in Accountancy - 1 April 1, 2024
 Demand Deposit

Bank deposits Savings deposit

Time deposit

BANK Adjusted balance method

RECONCILIATION
Forms of bank
Reconciliation Book to bank method

Bank to book method

Credit memo
Book
Debit memo
Reconciling items
Reconciling Book errors
Items Deposit in transit
Bank
Reconciling items Outstanding checks

Bank errors

VHON NETHANIEL R. LLAMES INTERMEDIATE ACCOUNTING 1

Bachelor of Science in Accountancy - 1 April 1, 2024