A proof of cash includes a reconciliation of cash receipts deposited in the bank with the cash disbursements records for a given period.

Question

Quizplus · Accepted Answer

A proof of cash reconciles the cash balance per the bank statement with the cash balance per the company's records, focusing on both receipts and disbursements, but it does not specifically reconcile cash receipts deposited with cash disbursements.

A Proof of Cash Includes a Reconciliation of Cash Receipts