emeronTI 4

karRtYtBinitpkgebLa
nig RbtibtikarGMBIebLa
Internal Cash controls and Cash Transactions

Lecturer: Hour Ry

I-

karRtYtpkgcMeBaHsac;R)ak;

RbBnRtYtBinitpkgcMeBaHsac;R)ak;RtYv)anRKb;
RKgtamEbbbTsmRsb TMagcMNUl nigcMnaysac;R)ak; .
maneKalkarN 3 CamUldanRtUv)anykcitTukdak;man
kkarEbgEckkickarya:gNaeGayGkTTYlxusRtUvcMeBaHs
ac;R)ak; nig cMeBaHkargar
CMBak;vak;vindl;sac;R)ak;enaHminEmnCaGktamdan
sac;R)ak; .
xcMnUlsac;R)ak;RbcaMfTaMgGs;suTEt)anepJJIIJrenAFna
Kar
K-xg;cMnayTaMgGs;
bmYyEpkRtUv)anGnuvtCamUlTanbRt
Lecturer: Hour Ry

II-sac;R)ak;elIs

nig xVH (Cash

short and Over)

ebLakrRtUvmankarRbugRbytenAe
BlmankarGab;luy
BIeRBaHGtifiCnEtgEtnaMmknUvR)ak;
RtUvGab;eRcIn btictYc.
lTplEdlTTYl)anKWenAcugfsac;R)ak
;Cak;EsgBIm:asIunKit
R)ak;CYnkalminRtUvCamYynwgsac;R
)ak;lk;Edl)anraykarN
enAkgma:sIunKitR)ak;.
Lecturer: Hour Ry

]TahrN
enAfTI 15/8/11
ma:suInKitR)ak;)anbgajBIsac;R)ak;rab;)an $2,000
b:uEnsac;R)ak;Cak;EsgnaMBIkgma:suInKW $1,990 .
Tinanub,vti (Journal)
EdlqHbBaaMgkarelIssac;R)ak;KW

Date
2011

Account name

Cash
Aug. 15
Cash short and over
Sale

Dr.

Cr.

$2,000
$10
$1,990

(sac;R)ak;lk;kg
f
nig
sac;R)ak;elIs )
Lecturer: Hour Ry

]TahrN
enAfTI 16/8/11
pymkvijRbsinsac;R)ak;Cak;EsgnaMmkBIm:asuIn 2,000
Etma:sIun KitR)ak;)anbgajBIsac;R)ak; rab;)an man $1,990
enaH
Tinanub,vti (Journal) EdlqHbBaaMgkarxVHsac;R)ak;KW

Date

Account name

2011
Cash
Aug. 16 Cash short and over
Sale

Dr.

Cr.

$1,990
$10
$2,000

(sac;R)ak;lk;k

gf
nig
sac;R)ak;xVH
tamFmtaKNnI
Cash)short and over

EtgEtmansmtul\Nayik (Debit balance)

eRBaHGtifiCnebIGkGab;luyxVHe
Lecturer: Hour Ry

III-KNenyR)ak;epJIrFnaKar
edaysarmankarxusKarvagkarkt;Rtarbs;KNeny
enAkg Rkumhun nigkarkt;Rtarbs;FnaKar
EdlCaehtueFVIeGaysmtul cugEx
enAkgRkumhunminesInwgsmtulenAkgF
naKar .
KNenykrcMa)ac;RtUveFVIkarviPaK
nigeFVIkarEksMrYlFnaKaredIm,I
eGaymanPaBRtwmRtUveBalKWsmtulesIKa .
edIm,IeFVIkarEksMrYl)anRtYvmanr)aykarNEdle
pJIrmkBIFnaKar .
Lecturer: Hour Ry

1-TMrg;r)aykarNFnaKar
CaFmtaFnaKarnImYymanKMrYr)aykarNep
SgKa b:uEnRKb;KMrY
TaMgGs;manxwmsardUcxageRkam
smtulrbs;KNnIenAedImEx
R)ak;epJIr nig xg;epSg)anbUkcUlkgEx
mUlb,TanbRt nig
xg;R)ak;epSg)andkkgEx
smtulrbs;KNnIenAcugExtambBa
Irbs;FnaKar
Lecturer: Hour Ry

FnaKarABC
epJIr Rkumhun Dara Co,ltd r)aykarNKNnI
pHelx 10 pv 251
(Statement of Account)
GkTTYl EpkKNeny frbs;r)aykarN
31/7/11
KNnIelx 0012
Date

01/7
8/7
10/7

19/7

21/7

Explanations

elxmUl
b,TanbR
t

smtuledIm
epJIrR)ak;
epJIrR)ak;
cMnayCamUl
210
b,TanbRt
cMnayCamUl
211
b,TanbRt
cMnUlR)ak;BILecturer: Hour Ry

Debit

Credit

Balance

523,100
9,000

532,100

8,000

540,100

14,000

526,100

5,000

521,100

21,000

542,100

2-nitiviFInkarepgpat;
(Reconciliation Procedure)
edIm,IsMerc)anlTpllEnkarepgpat;
GkeFVIkarxagebLaRtUv
erobcMdUcteTA
eFVIkarepgpat;KNnIFnaKar (In
reconciliation the bank account)

GkepJIrR)ak;RtUvepgpat;smtul
enAkgebLa (Balance per books) nig
smtulenAkgFnaKar (Balance per bank)
edIm,IeFVIkarcuHtMrUvnUv
smtuleGay)anRtwmRtUv .
Lecturer: Hour Ry

3-

CMhannkarerobcMtaragsMrbsMrYlFnaKar
cab;epImedaytYelxBIrsmtulelIr)aykarNFnaKa
r (Balance per bank)
nigsmtulenAelIKNnIR)ak;epJIrFnaKarrbs;bBaI
KNenyrbs;Rkumhun (balance per book) .
ebItYrelxTaMg2minesIKaRtUv
- bUk bdkR)ak;ecjBIsmtulelIbBaI (Book balance)
Edlman enAkgr)aykarNFnaKar .
- bUkbBalcMnayedayFnaKar (Book collections)
nigkarR)ak; epJIr (Interest income) Na
EdlTTUl)anBIkarepJIrR)ak; .
vaEsgeLIgenAkgxg;cMNUlEdl)ankt;RtaelIr
)aykarNFnaKar b:uEn
min)ankt;RtaenAelIbBaIRkumhunenAeLIy.
Lecturer: Hour Ry
10

CMhannkarerobcMtar
dkBIsmtulenAelIbBaI esvaFnaKar
agsMrbsMrYlFnaKar
R)ak;Tij mUlb,TanbRt
nig

charge)

(Service

(Cost of printed checks)

esahuycMNay
epSg .
EdlekItmanenAkgr)aykarNFnaKar
minekItenAkgbBaI
RkumhuneT .
-bUk bdk
ecjBIsmtulFnaKarEdlekIteLIgenAelIbBaI
b:uEnminekIt enAkgr)aykarNRkumhun .
-buUkTwkR)ak;epJIrFnaKarEdlkMBugbBan
(Deposit in transit)

-dkecjnUvmUlb,TanbRtkMBugeRbIR)as; (Out
standing check) BIsmtulFnaKar
-smtulFnaKareRkayEktMrUv (Adjusted bank balance)
nig smtulelIbBaIeRkay EktMrUv (Adjusted book
Lecturer: Hour Ry
balance) .

11

Key words
Deposit in transit:

TwkR)ak;epJIrrbs;RkumhuneTAKNnIFnaKar bu:En
minTan;)ankt;cUl eTAkgr)aykarNFnaKarenAeLIy .
Out Standing checks :

mUlb,TanbRtRkumhun)anecjehIy)ankt; RtacUl
Journal (cugEx ) b:uEnFnaKarBMuTan;)anTUTat; .
Collect of Note Receivable and Interest receivable : kgnamRkum
FnaKar)anTTYlbNRtUvTTYlnigkarR)ak;
EtRkumhunenAminTan;)ankt;Rta .
Error in recording :

vismPaBrvagkarkt;RtaelIkarTUTat;rvagFnaKar
nwgkarPan;RcLMrbs; companys accountant .
NSF Check ( Not sufficient Funds Check): mUlb,TanbtEdlmin
RKb;smtulTTYl)anBIGtifiCnEdl)ansresrenAkg
Check

Bank charge:

cMNayesvaFnaKarEdlRkumhunminTan;)ankt;
.
Lecturer: Hour Ry

12

sikSa]TahrN

Bank reconciliation

Rkumhun Dara Co,ltd

mansmtulR)ak;epJIrFnaKarenAf

31/7/11

elIbBa

IKNenycMnYn $497,400 .
b:uEnenAelIr)aykarNFnaKarKW $540,000 .

KNenyRtUv)anrkeXIjxg;RtUvEksMrYl
-enAf 31/7/11 epJIrR)ak;cUlFnaKar $15,000
b:uEnBMuTan;ekIteLIgenA elIr)aykarNFnaKar .
-xg;cMNayFnaKar $200
FnaKarkt;RtaxuseGayRkumhunTTYlrg.
Cak;Esg RkumhunminTTYlrgcMnayenHeT .
-manmUlb,TanbRtrbs;RkumhuncMnYn 3 )
anecjenAcugEx )ankt;RtaenA kgTinanub,vt
ehIyFnaKarBuMTan;)anTUTat; KW Check 510 TwkR)ak;
10,000 check 511

TwkR)ak; 20,000

Check512

Lecturer: Hour Ry

TwkR)ak;

$8,000 .
13

sikSa]TahrN

Bank reconciliation

-FnaKarCYsmuxeGayRkumhunTTYl Notes receivable $21,000

kgenaH rYmman karR)ak; $1,000 nig
TwkR)ak;enHKNenyminTan;)ankt;RtaenAeLIy.
-r)aykarNEsgecjnUvkarR)ak;rbs;Rkumhun $200

FnaKar)anTTYlkarTUTat; enAelIbBa
IKNenyRkumhun
b:uEnKNenyRkumhunminTan;)ankt;Rta .
-mUlb,TanbRtelx 150 manTwkR)ak; $5,000
TUTat;sgRkumhun B .
b:uEnRtUv)anKNenykrRkumhnkt;RtaRcLMeTACa
eTAvij vismPaB RtUvsMrbsMrYl $900 .
-Service charge $1,800 RkumhunminTan;kt;Rta .

$5,900

r)aykarNFnaKarbgajeLIgmanmUlb,TanbRtminRKb;s
mtulTTYl)an BIGtifiCn EdlBImunFnaKar nig
KNenyrbs;Rkumhun)ankt;RtacUlbBaI
cMnYn $500 .
Lecturer: Hour Ry

14

taragsMrbsMrYlFnaKar
FnaKar bBaIRkumhun
smtulf 31/7/11..........540,000
smtulf31/7/11...........497,400
bUkbEnm bUkbEnm
-Deposit in transit..............15,000

FnaKarTTYlbNrYmkarR)ak;.......21,000
-EktMrUvkarkt;RtaxusFnaKar ......200
karR)ak;)anTTYl.............................200
-bny Outstanding check -EktMrUvkMhus
check510.........................10,000 Check150........................................900
check511.........................20,000

bny

check512...........................8,000 -Service charge.....................1,800

-mUlb,TanbRtminRKb;cMnYn NFS....500
Adjusted bank balance............517,200 Adjusted bank balance...........517,200
Lecturer: Hour Ry

15

4-kt;Rta Journal

BItaragsMrbsMrYlFnaKar

Date
2011

Account name

Dr.

Cash
July. 31

$21,000

Note receivable

$20,000

Interest receivable

$1,000

(FnaKarTTYl

Note

receivable and Interest

Date
2011

Account name
Cash

July. 31

Dr.

Cr.

$200
$200

Interest income

Cr.

cMNUlkarR)ak)
Lecturer: Hour Ry

16

4-kt;Rta Journal

BItaragsMrbsMrYlFnaKar
Date
Account name
Dr.
Cr.
2011

Cash
July. 31
Account payable

$900
$900

(EktMrUvkMhus)an

Date
2011

kt;RtaelImUlb,Ta
nbRt)
Account name

Bank Charge
July. 31
Cash

Dr.

Cr.

$1,800
$1,800

(bnkcMnayF

naKarRbcaMEx
7)
Lecturer: Hour Ry

17

4-kt;Rta Journal

BItaragsMrbsMrYlFnaKar
Date

Account name

2011
Account receivable
July. 31
Cash

Dr.

Cr.

$500
$500

(mUlb,TanbRtGtif

CnminRKb;smtul
SNF

eRkayeBleFVI Journal eXIjfa A/R

ekIneLIg $500
mannyfaRtUvTarbEnmBI
GtifiCncMnUn $500.
Lecturer: Hour Ry

18

IV-ebLakMbuikkMb:uk ( Petty Cash)

RKb;shRKasTaMgGs;
CaBIessshRKasFMmanxg;cMNayR)ak;kMbuikkMb
:uk CaeRcIndUcCakarTijeRsamsMbuRt
EtmRbiyNIy vayTUrelx kareRbIR)as;
TUrsBeBlcaM)ac; TijsMParbnicbnc .
A-karbegIt Establishing the Petty Cash
eyIgRtUvKitCamunfa
etIRtUvbegItmUlniFiRbEhlb:unan sMrab;ryeBl
mYyEx kgkareRbIR)as;kMbuikkMb:ukenH.
]TahrN
Rkumhu;nRtUv)anesIedayebLareeGaybegIt
Petty Cash cMnYn $100 dUcenH Journal
Date
Account name
Dr.
Cr.
2011
Petty Cash
July. 01
Cash
(To establish a petty Cash fund
)
Lecturer: Hour Ry

$100
$100

19

B-karbMeBj Petty Cash (Replenishing the fund)

enAeBl Petty Cash

Citdl;kMritGb,rmaedaycMNayelIkareRbIR)as
; enaHmUlniFiRtUvbMeBj .
]TahrN enAf 20/7/11 Rkumhun Dara Co,ltd )
ancMNayelIkar eRbIR)as;kMbuikkMb:uk
dUcCa karepJIrsMbuRt $44 kardwkCBan
$38 cMNayepSg $5 enAsl;kgebLa $13 .
Date
Account name
Dr.
Cr.

2011

Postage expense

$44

July. 20 Freight-out
Miscellaneous expense
Cash

$38
$5
$87

(To replenish petty cash fund )

Lecturer: Hour Ry

20

RbsinenAkgebLaenAsl;EtcMnUn
$12 dUecHeFVIeGaykar
cMNayeLIgdl; $88 .
Date
2011

Account name
Postage expense

Dr.

Cr.

$44

July. 20 Freight-out

$38

Miscellaneous expense

$5

Cash short and over

$1

Cash

$88

(To replenish petty cash fund )

Lecturer: Hour Ry

21

RbsinenAkgebLaman $14
vijenaHeFVIeGaykarcMNay manEt $86
.
Date
2011

Account name
Postage expense

Dr.

Cr.

$44

July. 20 Freight-out

$38

Miscellaneous expense

$5

Cash short and over

$1

Cash

$86

(To replenish petty cash fund )

Lecturer: Hour Ry

22

V-RbtibtikarEdlTak;TgnwgrUbIybN

kareFVIGaCIvkmenARbeTskm<CaeyIgm
ankarTak;Tgya:gxaMgeTAnwgGRta
brR)ak;EdlmankarERbRbYlCaerogralf .
]TahrN enAfTI 10/7/11 Rkumhun

Dara

)anTijma:sIun mYyeRKOg cMnYn $500

edayminTan;)anTUTat;enAeLIy .
GRtabrR)ak;enAfenaH KW 3800/$ .
coltd

Date

Account name

Dr.

karkt;Rta Journal 1,900,000

2011
Machine
July. 10
Account payable

Tijma:sIunminTan;
)anTUTat; )

Cr.

1,900,000

Lecturer: Hour Ry

23

]bmaenAf 20/7/11
Rkumhun)anTUTat;eGayfma:suIn EdlenAeBlenaH
exchange rate 4000/$.

Date

Account name

2011
Account payable
July. 20 Loss on exchange

Dr.

Cr.

1,900,000
100,000
2,000,000

Cash

TUTat;sgGkpt;
pg;)
]bmaenAf 31/7/11
(

Date
Account name
Dr.
Cr.
RkumhunenAminTan;)anTUTat;e
2011
Loss on exchange
150,000
nAeLIy
Exchange Rate 4100/$
July. 31
Account payable
150,000
(Adjustment entry )
Lecturer: Hour Ry

24

]bmaenAf 3/8/11 )anTUTat;eGayGkpt;pg;

EdlenAeBlenaH exchange rate 4050/$ .
Date

Account name

2011
Account payable
Aug. 03
Cash

Dr.

Cr.

2,050,000

Gain on exchange

2,025,000
25,000

enAeBlTUTat;R)a
k;eGayGkpt;p
g; )

Lecturer: Hour Ry

25

Assignment

Lecturer: Hour Ry

26