ACCOUNT NUMBER 1190, CASH ON HAND - 10405
Normal Balance: Debit
Purpose: This account shows during the fiscal year the amount of: (1) cash withdrawn directly from the State Treasury as change funds, cash purchase funds, or cash payment funds; and (2) cash or checks that will not be deposited, such as bid deposits and payments of smaller amounts than are due the state which if deposited would prejudice the state's right to make further collections. At the end of the fiscal year, a journal entry is made transferring to this account: (1) from Account Number 1110, General Cash, and Account Number 1120, Agency Trust Fund Cash, the amount of un-deposited receipts; (2) from revolving funds the imprest amounts of change and cash purchase funds withdrawn and the amount of un-deposited receipts; and (3) from other cash accounts the amount of un-deposited receipts.
Subsidiaries: Open Items in Cash on Hand Register
Normal Entries:
|
Entry Number |
Debits |
Entry Number |
Credits |
|
13. |
Cash is received that is not expected to be deposited. |
A-1 |
Is reversed as of July 1. |
|
A-1 |
Agency general cash is adjusted as of June 30 for any un-deposited general cash on hand at that date. |
A-2 |
Is reversed as of July 1 to re- establish the revolving fund on an imprest basis. |
|
A-2 |
Agency revolving fund is adjusted as of June 30 for amount of cash in sub-revolving funds and un-deposited cash in agency |
|
|
Revisions
No Revisions for this item.