Prepare a Proof of Cash

Illustration 1: Computation of DIT and OC Taken from the records of ABC Co. are the following: Balance per bank statement, October 31 Balance per bank statement, November 30 Total Credits per bank statement, November Balance per books, October 31 Total Credits per books, November Balance per books, November 30 4,600 3,800 1,500 3,700 5,200 1,600 500 Collection of note directly credited to ABC's account in October Proceeds of loan directly credited to ABC's account in November - not yet recorded in the books NSF checks returned in October NSF checks returned in November - not yet recorded in the books 300 900 200 Check received from a customer amounting to P200 was recorded in the books in October as Check issued to a supplier amounting to P100 was recorded in the books in November as 2.000 1,000 300 Collections in November for P1,300 was recorded as 190 Checks properly drawn for P1,900 was recorded by the bank in October as Deposit amounting to P1,500 was recorded by the bank in November as 150 Deposits in transit - October 31 Outstanding checks - October 31 800 2,190