Ministry of Higher and Secondary Special Education of the Republic of Uzbekistan Tashkent State University of Economics

3.2.1 Cash register inventory
In order to control the correctness of the accounting of cash transactions and compliance with cash discipline in LLC "Pana Moda", an inventory of the cash register is carried out. The Accounting policy of the organization specifies the date of the inventory of the cash register:
- planned (on the first day of each month);
On the day of the inventory, the cashier must issue all incoming and outgoing monetary documents and submit them to the accounting department. The results of the inventory are drawn up by the act of inventory (audit) of the cash register, compiled in two copies, one of which remains in the accounting department, the second - at the cashier, signed by members of the inventory commission and the cashier.
At the same time, the excess money identified by the inventory comes to the cashier and is credited to the organization's income. This is reflected in the accounts by the following entry:
Dt "Cash Register" Ct "Other income and expenses"
The shortage of money (monetary documents) in the cash register (organization, operator) is subject to recovery from the financially responsible person (cashier), which is reflected in the accounting record:
Dt "Shortages and losses from damage to valuables"
CT "Cash Register" - in the amount of shortage according to the inventory report;
Dt "Settlements with personnel on other operations"
Ct "Shortages and losses from damage to valuables" - in the amount presented for compensation to the cashier, according to the order of the head of the organization.
If the recovery of the guilty persons is refused by the court or they are not found, the losses are written off to other expenses:
Dt "Other income and expenses"
CT "Shortages and losses from damage to valuables".
The Bank checks the state of the cash discipline of Pana Moda LLC at least once a quarter. If violations are detected, he sends a submission to the tax authority with copies of certificates attached on the specified audit for taking measures of financial and administrative responsibility.
If the cash discipline is not observed, a fine is imposed on the head of the organization. The property liability of the organization includes fines in case of revealing the facts of cash settlements with other economic entities, including entrepreneurs without the formation of a legal entity, in amounts exceeding the established limit; non-compliance with the current procedure for storing free cash; identification of excess cash.
The excess cash is the average value calculated taking into account the amount and number of days of exceeding the limit of the remaining money in the cash register.
The methodology of inventory accounting and the reflection of its results in the accounting of the organization is not violated. Nevertheless, a number of shortcomings have been identified:
1. The commission for the audit of the cash register has not been appointed by the order of the head of the organization;
2. Unscheduled inspections are not carried out at the checkout.