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Basic Accounting Knowledge: Principles Of Cash Management

2011/1/15 13:28:00 67

(1) the legal principle of receipt and payment.

The principle of receipt and payment is that each unit must comply with the relevant state regulations when receiving cash.

policy

Policies and regulations

Regulations

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There are two layers of legality here.

Meaning

First, the source and use of cash must be legal; two, cash receipts and payments must be carried out within legal limits.

(2) the principle of money account control.

The principle of money accounting is to manage money regardless of accounts, regardless of money.

It means that the cashier who manages the cash shall not take charge of the registration, auditing and accounting records keeping of the income, expenditure, creditor's rights and debts books, and the accountants who are engaged in the registration of income, expenditure and creditor's rights and debts shall not handle the registration of the cashier's account, the receipt and payment of cash and the custody of cash.

(3) the principle of paying two respects.

In order to avoid errors in cash receipts and payments and prevent long and short payments, cash receipts must be reviewed. No matter how busy the work is, the size of the money or the subject's maturity, the cashier will review the cash collected or check by another accountant, and make sure that the cash payment can not be made any mistake. To make sure that the cash payment is paid to the finance and accounting department, we should supervise them to be clear to the person, and if there is any mistake, we will solve them in person, so as to ensure that the cash is paid.

(4) the principle of monthly closing.

The month of the month is a basic principle and requirement for cashiers to handle cash cashiers. It is also an important measure to avoid long and short payments.

The so-called "Qing Qing moon knot" is that the cashier handles the cash cashier business, and must clean up on a daily basis and settle accounts on a monthly basis.

That is, the cash receipts and payments that occur every day must be recorded in the cash journal, and the daily cash balance should be collected. The balance of the book cash and the actual cash balance should be checked to ensure that the accounts are in line with each other.

Cash journal accounts for at least once a month. Business can be done on a regular basis within ten days or half a month, and check with other relevant accounts to see if the accounts are consistent.