ENTRY NO.13 - CASH ON HAND - 10513

(Revised: 12/2021)

Purpose: To record cash received pending decision to deposit or return. The cash on hand entry is used to acknowledge possession of the cash.

 

References: SAM sections 8000 and 10405

 

Record Cash on Hand

Debit/ Credit	Account	Legacy Account	Account Description	Note
Debit	1100000	1190	Cash on Hand	a
Credit	20901xx	3730	Uncleared Collections	b

 

Notes:

1. Cash or checks received but not deposited.
2. Cash or checks pending decision to apply and deposit payment or return to the payer, such as bid deposits or insufficient payment.

 

Note: When items are returned to the payers or deposited the entry above is reversed. When these items are deposited in the General Cash account, the amount is recorded in the General Cash Receipts Register and included in Entry No. 7. (See SAM section 10507.)