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

The inventory (audit) of the availability of funds in the cash register is carried out in accordance with the Regulations on Accounting and Reporting at least once a month. The audit of the cash register is carried out suddenly by a commission appointed by the order of the head of the enterprise, in the presence of the cashier. At the same time, cash, monetary documents, securities and forms of strict reporting are carefully checked.
In case of detection of shortages, their amounts are subject to collection from the financially responsible person (cashier) and are recorded:
1) Dt "Shortages and losses from damage to valuables" Ct "Cash Register"
2) Dt "Settlements with personnel on other operations" Ct "Shortages and losses from damage to valuables".


2.2 Accounting of funds on current accounts

All available funds must be kept in banks that open settlement, current, currency and other accounts for organizations and individual entrepreneurs. To open a bank account, you must provide the documents, the list of which is established by law.

Such documents include: certificates of registration; copies of the Charter and the founding agreement; samples of signatures of managers and chief accountant, notarized; certificates of registration with the tax inspectorate; as well as in the Pension Fund and other extra-budgetary funds, as well as some other documents. After examination of the submitted materials, the bank opens a settlement account and enters into a bank account agreement with the client¹².
Information about the cash flow on the settlement account is contained in the statement from the settlement account, which represents a copy of the records on the settlement account of the enterprise. It should be borne in mind that the records of transactions in the debit statement for the client mean a credit turnover. The balance has the opposite meaning. This is due to the fact that the company's current account is passive for the bank.
Table 2. The main correspondent relations of the "Settlement accounts" account¹³

№	Operation content	Dt	Ct
1	The amounts on the way have been credited to the organization's settlement account	Settlement accounts	Transfers on the way
3	The loan granted to other legal entities has been repaid	Settlement accounts	Financial investments, "Loans granted"
4	The excessively transferred amount of tax has been refunded from the budget	Settlement accounts	Settlements on taxes and fees
5	Funds were received as a result of repayment of accounts receivable by the buyer	Settlement accounts	Settlements with buyers and customers
6	Funds were credited to the settlement account of the organization as a result of the loans provided	Settlement accounts	Settlements on short-term loans and borrowings
7	The settlement account of the organization received contributions to the authorized capital from the participants of a simple partnership	Settlement accounts	Authorized capital
8	The proceeds from the sale of goods have been credited to the organization's settlement account	Settlement accounts	Revenue
9	Funds that do not belong to the organization and identified during the verification and processing of the statement of the credit institution have been credited to the settlement account	Settlement accounts	"Settlements on claims"
10	,the organization's funds have been transferred from the settlement account to the foreign currency account of another credit institution	currency account	Settlement accounts
11	The amount of tax has been transferred to the budget	Settlements on taxes and fees	Settlement accounts
12	The wages of the company's employees have been paid	Settlements with personnel on remuneration	Settlement accounts
13	The amounts of income to the founders are listed	"Settlements on payment of income"	Settlement accounts
14	An advance payment has been transferred to the supplier	Settlements with suppliers and contractors	Settlement accounts
15	An employee of the organization has been granted a loan for individual and cooperative housing construction	"Settlements on loans granted"	Settlement accounts

Synthetic accounting of transactions on settlement accounts is carried out in conditions of computer processing of information on the basis of statements from settlement accounts and primary documents attached to them in the statements on receipt and expenditure of funds.

Analytical accounting for the "Settlement accounts" account is conducted by the organization for each settlement account, the amount of turnover for which must correspond to the debit and credit turnover of the synthetic account.