1. Cash simply means money.

It is th
2. This are cash that is readily availab
3. Highly liquid investments that are
present an insignificant risk of c
4. Cash are measured in face value.
5. Cash and cash equivalents are alw
6. If the term of the investment is 3 m
considered a short-term investemen
7. Foreign currency should be conve
8. If the cash is set aside for current
9. It is when cash in bank account ha
10. It is a balance that needs to be m
11. Undelivered checks are checks th
date, thus, it cannot be enchased ye
check for encashment for a long peri

12. When cash is less than the book

the cashier and a credit cash short o
book balance, it is an overage. If it is
attainable then it is classified as a mi
13. In imprest system, cash receipts
14. It is a fund for out-of-pocket expe
15. Imprest fund system and Fluctua
there is also adjusting needed to be
mply means money. It is the standard medium of exchange in business.
e cash that is readily available. You can use it whenever.
liquid investments that are readily convertible into cash and so near to maturity that they
ent an insignificant risk of changes in value because of the changes in interest rates.
e measured in face value.
nd cash equivalents are always the first line item financial statement because they are the most liqud item of all the accounts.
erm of the investment is 3 months or less, it is part of cash equivalents. If the term is more than 3 months but within the year, it is
d a short-term investement. If it is more than a year, then it is a long-term investement.
n currency should be converted to Philippine peso using the current exchange rate.
ash is set aside for current operations, then it is a current asset. If it is set aside for non-current operations, then it is a non-current asset.
en cash in bank account has a credit balance.
balance that needs to be maintained, it serves as a collateral for borrowing agreement.
ivered checks are checks that are drawn and recorded but not yet given to the payee. Post dated check are checks that are written with a
s, it cannot be enchased yet. Stale checks are checks that are drawn, recorded, and given to the payee but the payee haven't deposited th
encashment for a long period of time.

cash is less than the book balance, is it a shortage. If it is identitfied that it is the cashier or custodian's fault, we'll have a debit receivable
er and a credit cash short or over. If it is identified of anyone's responsibility, then it is a loss from cash shortage. When cash is more than t
nce, it is an overage. If it is found out that it's from the cashier, then debit cash short or over and credit payable to cashier. If the reason is
e then it is classified as a miscellaneous income.
prest system, cash receipts must always be deposited and cash disbursement must always be in check.
fund for out-of-pocket expenses, emergency expeneses
st fund system and Fluctuating System. They both have the same process but in imprest, there is no entry for the payment of expenses an
so adjusting needed to be made. While in fluctuating, expenses go straight to PCF, and no adjustsing are needed.
 l the accounts.
within the year, it is

n it is a non-current asset.

ecks that are written with a future

payee haven't deposited the

e'll have a debit receivable from

e. When cash is more than the
e to cashier. If the reason is not

he payment of expenses and

ed.
1. Adjusting Entry
Accounts Receivable
Cash in Bank

Cash in Bank
Accounts Payable

Cash in Bank
Accounts Payable

Accounts Receivable
Cash in Bank

2.
Cash in Bank
Time Deposit - 30 days
Money market
Saving deposit
Sinking fund
Petty cash

Cash and Cash Equivalent

 200,000.00
200,000.00

250,000.00
250,000.00

100,000.00
100,000.00

450,000.00
450,000.00

Cash Cash Equivalent A/R

2,700,000.00 2,700,000.00
1,000,000.00 1,000,000.00
2,000,000.00
100,000.00 100,000.00
1,500,000.00
20,000.00 20,000.00
2,720,000.00 1,000,000.00 100,000.00

3,720,000.00
Short term invsetment Long term

2,000,000.00

1,500,000.00

2,000,000.00 1,500,000.00
1. Adjusting Entry
Accounts Receivable
Cash on hand

Expenses
Receivable from employee
Petty cash fund

2.
Cash on hand
Petty cash fund
Security bank
PNB
BDO
BSP treasury bill
BPI time deposit
Bond sinking fund

Cash and Cash Equivalent

s Receivable 150,000.00
Cash on hand 150,000.00

10,000.00
le from employee 5,000.00
Petty cash fund 15,000.00

Cash Cash Equivalent Current Acc Non-current acc

850,000.00 850,000.00
35,000.00 35,000.00
2,000,000.00 2,000,000.00
1,500,000.00 1,500,000.00
-200,000.00
3,000,000.00 3,000,000.00
2,000,000.00 2,000,000.00
2,500,000.00 2,500,000.00
4,385,000.00 - 5,000,000.00 2,500,000.00

Cash Equivalent 4,385,000.00

Current liab

-200,000.00

-200,000.00
1. Adjsuting entry
Accounts Receivable
Cash on hand

Accounts Receivable
Cash on hand

Cash on bank
Accounts Payable

Cash on bank
Accounts Payable

2.
Cash on Hand
Petty cash fund
Cash in bank
Saving deposit

Advances to employees
Cash short or over
Petty cash fund

Cash on Hand
Petty cash fund
Cash in bank
Saving deposit
s Receivable 100,000.00
Cash on hand 100,000.00

s Receivable 150,000.00
Cash on hand 150,000.00

200,000.00
Accounts Payable 200,000.00

300,000.00
Accounts Payable 300,000.00

750,000.00
50,000.00
4,500,000.00
2,000,000.00
7,300,000.00

s to employees 10,000.00
5,000.00
Petty cash fund 15,000.00

750,000.00
35,000.00
4,500,000.00
2,000,000.00
7,285,000.00
1. Adjusting Entry
Accounts Receivable
Cash on hand

Accounts Receivable
Cash on hand

Expenses
IOU
Cash short or over
Petty cash fund

Phil Bank
Acconts Payable

Phil Bank
Acconts Payable

City Bank 2
City bank 1

2.
Cash on hand
Petty cash fund
Phil Bank
City bank 1
City Bank 2
Asian bank savings account
Asian bank time deposit

Total Cash
s Receivable 35,000.00
Cash on hand 35,000.00

s Receivable 15,000.00
Cash on hand 15,000.00

12,000.00
2,000.00
1,000.00
Petty cash fund 15,000.00

25,000.00
Acconts Payable 25,000.00

45,000.00
Acconts Payable 45,000.00

100,000.00
City bank 1 100,000.00

Cash Cash Equivalent

150,000.00 150,000.00
5,000.00 5,000.00
5,070,000.00 5,070,000.00
3,900,000.00 3,900,000.00
- -
nk savings account 250,000.00 250,000.00
nk time deposit 2,000,000.00 2,000,000.00
9,375,000.00 2,000,000.00

Total Cash 11,375,000.00

Imprest Fund System

Jan-2
Petty cash fund
Cash in bank

Feb-1
Petty cash fund
Postage
Supplies
Transportation
Misc Exp
Cash in bank

Fluctuating fund system

Jan-2
Petty cash fund
Cash in bank

Jan 2-31
Postage
Supplies
Transportation
Misc Exp
Petty cash fund

Feb-1
Petty cash fund
Cash in bank
 10,000.00
Cash in bank 10,000.00

5,000.00
1,500.00
5,500.00
1,200.00
800.00
Cash in bank 14,000.00

10,000.00
Cash in bank 10,000.00

1,500.00
5,500.00
1,200.00
800.00
Petty cash fund 9,000.00

14,000.00
Cash in bank 14,000.00
 Imprest Fund System
1. Petty cash fund
Cash in bank

Postage
Supplies
Transpo
Accounts P
Cash in bank

4. Petty cash fund

Postage
Supplies
Transpo
Accounts P
Cash in bank

Fluctuating fund system

1. Petty cash fund
Cash in bank

2. Postage
Supplies
3. Transpo
Accounts P
Petty cash fund

4. Petty cash fund

Cash in bank
10,000.00
10,000.00

1,500.00
3,000.00
1,000.00
3,500.00
9,000.00

10,000.00
1,500.00
3,000.00
1,000.00
3,500.00
19,000.00

10,000.00
10,000.00

1,500.00
3,000.00
1,000.00
3,500.00
9,000.00

19,000.00
19,000.00
 Imprest fund system
May 2 Petty cash fund
Cash in bank

May 29 Postage
Supplies
Transpo
Miscellaneous
Cash in bank

Jun 30 Supplies
Postage
Transpo
Petty cash fund

July 1 Petty cash fund

Supplies
Postage
Transpo

Jul 15 Petty cash fund

Supplies
Postage
Transpo
Miscellaneous
Cash in bank
 Fluctuating fund system
10,000.00 May 2 Petty cash fund
Cash in bank 10,000.00 Cash in bank

1,000.00 May 29 Postage

3,000.00 Supplies
2,500.00 Transpo
1,500.00 Miscellaneous
Cash in bank 8,000.00 Petty cash fund

2,000.00 Petty cash fund

1,000.00 Cash in bank
1,000.00
Petty cash fund 4,000.00 Jun 30 Supplies
Postage
4,000.00 Transpo
2,000.00 Petty cash fund
1,000.00
1,000.00 Jul 15
Petty cash fund
5,000.00 Supplies
3,500.00 Postage
1,500.00 Transpo
1,500.00 Miscellaneous
500.00 Cash in bank
Cash in bank 12,000.00
10,000.00
10,000.00

1,000.00
3,000.00
2,500.00
1,500.00
8,000.00

8,000.00
8,000.00

2,000.00
1,000.00
1,000.00
4,000.00

5,000.00
3,500.00
1,500.00
1,500.00
500.00
12,000.00
 Nov 2 Petty cash fund

Nov 30 Petty cash fund

Postage
Supplies

Dec 31
Postage
Supplies
Deposit

Jan 1 Petty cash fund

Jan 31 Postage
Supplies
Payment
Cash short or over
 etty cash fund 10,000.00
Cash in bank 10,000.00

etty cash fund 10,000.00

2,000.00
5,000.00
Cash in bank 17,000.00

3,000.00
4,000.00
2,000.00
Petty cash fund 9,000.00

etty cash fund 9,000.00

Postage 3,000.00
Supplies 4,000.00
Deposit 2,000.00

5,000.00
6,000.00
7,000.00
Cash short or over 1,000.00
Cash in bank
19,000.00
 Dec 1 Petty cash fund
Cash in bank

Dec 20 Selling Exp

Misc Exp
Equipment
Cash in bank

Dec 31 Emplo Check

Selling Exp
Transpo
Petty cash fund

Jan 1 Petty cash fund

Emplo Check
Selling Exp
Transpo

Jan 31 Distribution
Admin exp
Transpo
Payment
Cash short or over
Cash in bank
 10,000.00
Cash in bank 10,000.00

5,000.00
2,000.00
2,000.00
Cash in bank 9,000.00

2,000.00
1,500.00
500.00
Petty cash fund 4,000.00 Petty csh before replishment = 6,000.00

4,000.00
Emplo Check 2,000.00
Selling Exp 1,500.00
500.00

500.00
2,000.00
1,000.00
1,200.00
5,300.00
Cash in bank 10,000.00
 Cash and cash equivalent
350,000.00
750,000.00
3,500,000.00
C. 4,600,000.00
Cash
5,000,000.00
400,000.00

50,000.00
100,000.00
1,000,000.00
6,550,000.00

C. 6,550,000
Cash equivalent

1,500,000.00

1,500,000.00
 Cash
4,000,000.00
500,000.00
2,000,000.00
D. 6,500,000.00

4,000,000.00
500,000.00
4,500,000.00 A.
Unreplenished
IOU

Cash on hand

Petty cash funds

Cash on hand
Cash in bank - curr
Cash in bank - payr
Time deposit
 5,000.00
5,000.00
Petty cash fund 10,000.00

100,000.00
Accounts payable 100,000.00

Cash Cash equivalent

40,000.00
400,000.00
4,000,000.00
1,000,000.00
2,000,000.00
5,440,000.00 2,000,000.00 = 7,440,000.00
Cash in bank
Petty cash
Time deposit
Saving deposit
Cash in bank 400,000.00
Cash held as compensating bal 400,000.00 (current asset)

Cash Cash equivalent

5,600,000.00
50,000.00
2,500,000.00
1,000,000.00
5,650,000.00 3,500,000.00 = 9,150,000.00
(current asset)
C. 2,375,000
First Bank - CIB
Accouts payable
 100,000.00
100,000.00

50,000.00
4,100,000.00
1,000,000.00
5,150,000.00 B.
Cash and cash equivalent
600,000.00
4,000,000.00
1,000,000.00
2,000,000.00
450,000.00
8,050,000.00 D.
 Checkbook Balance
Less:

Add:
Updated checkbook balacnce:

Checkbook Balance
Cash on hand
Change fund
Treasury bill
Money market
eckbook Balance 8,000,000.00
2,000,000.00
500,000.00
1,500,000.00
dated checkbook balacnce: 7,000,000.00

Cash Cash equivalent

7,000,000.00
400,000.00
40,000.00
2,500,000.00
3,000,000.00
7,440,000.00 5,500,000.00
Treasury bill
Cash
Commercial paper
Cash Cash equivalent
2,000,000.00
3,400,000.00
1,500,000.00
3,400,000.00 3,500,000.00
Petty cash fund
Cash in bank

Gasoline
Medical supplies
Repairs
IOU
Ann Cruz
NSF
Contribution
Cash short or over
Cash in bank

D. 22, 000
50,000.00
50,000.00

3,000.00
1,000.00
1,500.00
3,500.00
15,000.00
3,000.00
5,000.00
-4,000.00
28,000.00
Transpo 600.00
Gasoline 400.00
Office Supplies 500.00
Postage 300.00
Due 1,200.00
NSF 1,000.00
A/r 4,000.00
Cash in bank 8,000.00

A. 2,000
Checkbook balance:
Less:
Add:
adjusted

Cash on hand
Cash in bank
Petty cash fund
4,000,000.00
200,000.00
400,000.00
4,200,000.00

400,000.00
4,200,000.00
45,000.00
4,645,000.00