Accounting Treatment Method Based On Multi Column Journal Entries And General Ledger Accounts

In the case of general ledger for multi column cash account and bank deposit journal, there are two ways of accounting treatment:

First, the cashier will register daily cash and bank income journal and expenditure Journal on the basis of the collected payment voucher after the audit. The total amount of expenditure on the daily journal should be charged daily into the income journal, and the total balance will be calculated.

Accountants should strengthen the inspection and supervision of multi column cash and bank deposit journal entries, and be responsible for registering general ledger accounts at the end of the month according to the total number of columns in multi column cash and bank deposit journal columns.

The second method is to set up cash register and bank deposit register book, and register by cashier on the basis of the collection and payment voucher after examination, so that they can grasp the cash in cash and check the receipts and payments in time with the bank. Then, collect and pay the credentials to the accountants to collect and register multi column cash and bank deposit journal daily, and register the general ledger according to the multi column journal at the end of the month.

The cashier register is checked with the multi column cash and bank account journal.

The first practice can simplify accounting work, and the second approach can strengthen internal restraint.

In short, using multi column cash and bank journal can reduce the compilation of receipts, simplify the general ledger registration, and clearly reflect the corresponding relationship between accounts, and understand the ins and outs of cash and bank account receipts and payments.