chapter6 internal control and accounting for cash.pptVIP

* * * * * * * * * * * * * * 6-* Bank Reconciliation 6-* Bank Reconciliation 6-* Bank Reconciliation 6-* Adjusting the Books Every reconciling item that appears on the unadjusted book balance section requires a journal entry to adjust the general ledger cash balance to the true cash balance. 6-* Cash Short and Over When using a cash register, employees sometimes make mistakes in collecting cash or making change for customers. If the cash register does not reconcile by a small amount at the end of the day, we use an account called Cash Short and Over to force a balance. Assume a cashregister w