Accounting treatment of cash on hand

Need to count the cash on hand. In the cash inventory, if there is any discrepancy between the accounts and the facts, and the cash shortage or surplus whose reasons need to be ascertained is found, it should first be accounted by the subject of "loss and overflow of pending property", that is, "gain and loss of pending current assets". Specific accounting treatment is as follows:

1. In case of inventory surplus, before finding out the reasons, attention should be paid to: debit: cash on hand, credit: loss and surplus of property to be processed; After finding out the reason, we should pay attention to debit (if it should be paid to the relevant personnel): if the property to be treated is damaged or overflowed, it will be credited: cash on hand; (If no reason can be found, after approval) Borrowing: the profit and loss of the property to be processed, and lending: non-operating income;

2. In the case of inventory deficit, the opposite is true. Before finding out the reason, it should be noted that: debit: the property to be processed is damaged, and credit: cash in stock; After finding out the reasons, the following records should be made: debit: management expenses (general operating losses, losses within limits), non-operating expenses (residual net losses, extraordinary losses), raw materials or other receivables (residual value, compensation recovery), and credit: losses and overflow of property to be processed.

Tips: The above information is for reference only.

Reply time: 202 1-06-08. Please refer to the latest business changes announced by Ping An Bank in official website.

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