Cash Flashcards
Staring the cash balance per books, What adjustments are made to the book balance in a bank reconciliation?
IDBRWE - I’d Brew Espresso
Start with Cash balance per books
How do you calculate cash disbursements per books for a month when given bank disbursements and outstanding checks for issued in various months?
How do you calculate the amount to be reported as cash and cash equivalents on the balance sheet?
Starting with bank statement balance, How do you reconcile the bank statement balance to find the net cash balance,
How are compensating balances (legally and informally restricted) and restricted cash treated on financial statements, and what are the disclosure requirements?
What should you do when a check is written, recorded, but not mailed in bank reconciliation problems?
How do you calculate the cash balance per books at the end of a period, considering deposits in transit and outstanding checks across periods?
