How To Adjust Outstanding Accounts

In the daily accounting work, it often appears at the end of the month that the "bank account journal" in the hands of the cashier is not consistent with the account statement of the bank. What is this?

The reason for this is that some of the "outstanding accounts" are being misled.

What we normally call "no accounts" is that the payment and payment of funds that have occurred in the course of the final processing of an enterprise and a bank (or credit union) can not be synchronized at the end of the same economic operation.

Under normal circumstances, there are four kinds of "accounts receivables":

First, the unit has paid the account, and the bank (or credit union) has not yet paid the money.

For example, the Cheung Cho Jing Station has dismissed the cash cheque, and the holder has not yet paid the cash to the bank (or credit union).

The two is that the unit has receivables and the bank (or credit union) has not yet entered the account.

For example, the township agricultural station received the "development fund" which was allocated by the higher authorities and pferred the notice to the bank, and did not notify the bank (or credit union) at this time.

Three is the bank (or credit union) to pay the amount of the unit has been allocated, and the township agricultural station has not yet received the payment notice, resulting in the situation of not paying the bill.

For example, the "agricultural tax" and so on.

Four is the bank (or credit union) to collect money for the unit has been accounted for, and the township agricultural station has not yet received the bank (or credit union) payment notice, resulting in outstanding accounts.

For example: taxes and taxes paid by a village.

In the four cases mentioned above, if the first or fourth kinds of cases arise, the balance of the deposit account is smaller than the balance on the bank's account. If there are second or third kinds of cases, the opposite situation will happen.

The handling of "outstanding accounts" can be adjusted through the preparation of the "bank deposit balance adjustment form".

[case] at the end of June 2003, the book balance of "bank deposit journal" was 12687 yuan, and the deposit balance of bank statements was 15879 yuan.

In June 24th, the township agricultural economic and trade station opened a cash cheque amounting to 8970 yuan to pay the "water conservancy project water fee" wages to the water conservancy station, but the pumping station had not yet withdrawn the cash from the bank.

In June 26th, the township agricultural economic and Trade Commission commissioned a bank to collect 5743 yuan of taxes and fees paid by a Haruki. The bank has already entered the account, but the township agricultural station has not yet received the receipt notice.

In June 27th, the bank paid 10971 yuan for the agricultural tax payment to the township finance office in the summer. The township agricultural station has not yet received the payment notice.

In June 29th, the township agricultural station received 550 yuan of living relief from the civil service department to a poor family in a village. The bank has not yet entered the account.

Reconciliation of bank balances

Compilation unit: * * Township agricultural economic station, June 30, 2003.

The accounts of the accounts of the accounts of the rural economy Station account

Unit deposit journal balance at the end of month 12687 bank reconciliation monthly balance 15879

Add: the bank received a summer tax paid by a village 5743 plus: the Civil Affairs Department allocated to a village special 550

Less: 10971 of the agricultural households allocated by the bank to the financial institutions.

Tax arrears reduced: cash check issued to water station 8970

Adjusted journal balance 7459 adjusted statement balance 7459

It needs to be explained that the "bank balance adjustment form" is only a way to verify the correctness of the unit's bank account record by adjusting, rather than using the "bank balance adjustment form" as the bookkeeping basis.