Cash and Cash Equivalents
General Instructions for Preparation of StatementsCash and cash equivalents shall include Balances with banks, Cheques/drafts on hand, and Cash on hand.
Cash and Cash Equivalents Workings
Schedule III, Part I — Division I (Section C - Current Assets) — FY 2025-26Definition
Cash comprises cash on hand and demand deposits. Cash equivalents are short-term, highly liquid investments.
Recognition Criteria
Recognized at fair value upon receipt or deposit.
Measurement Principles
Measured at the actual amount of cash held or deposited.
Audit Procedures Dashboard
Cash and Cash Equivalents (Division 1)Bank Reconciliation Statement (March 2024)
| Particulars | Add (+) | Less (-) |
|---|---|---|
| Balance as per Books | 45,20,000 | - |
| Add: Unpresented Cheque - Vendor A | 1,20,000 | - |
| Add: Unpresented Cheque - Vendor B | 85,000 | - |
| Add: Unpresented Cheque - Vendor C | 40,000 | - |
| Add: Unpresented Cheque - Vendor D | 15,000 | - |
| Less: Uncleared Deposit - Customer X | - | 2,50,000 |
| Less: Uncleared Deposit - Customer Y | - | 1,10,000 |
| Less: Uncleared Deposit - Customer Z | - | 60,000 |
| Less: Bank Charges (Unposted) | - | 1,200 |
| Add: Direct Deposit - Govt Subsidy | 5,00,000 | - |
| Balance as per Bank Statement | 52,80,000 | 4,21,200 |