1. Deposit excess cash in the bank:
Debit: bank deposit
Credit: Cash on hand
2. If the inventory is fictitious and there is no cash:
Debit: Other receivables.
Credit: Cash on hand
If there is too much cash on hand, there are roughly two situations, one is that the income is over-calculated, and the other is that the expenses are under-calculated, which is easy to cause confusion in the accounts. If the income is too much, the tax risk is too high, and if the expenses are too little, the profit is inflated, resulting in excessive income tax.
1. There is too much cash on hand. It may be that your company did not follow the rules of cash settlement and did not distribute it according to the scope of cash expenditure, so it came prepared.
A lot of cash;
2. There is too much cash on hand, which may be that your company did not deposit the cash income of the payment in the bank. If so, it is possible to withdraw cash; 3. Too much cash on hand. It may be that your company's personal loan expenses are not recorded, resulting in too much cash in the account, but in fact there is not so much cash. This is not standardized, and the loan should also be accounted for. When repaying, a receipt should be issued to write off the loan.
Legal basis:
Article 20 of the Detailed Rules for the Implementation of the Provisional Regulations on Cash Management
If an account-opening unit violates the Provisional Regulations on Cash Management, the account-opening bank has the right to order it to stop the illegal act and give a warning or a fine depending on the seriousness of the case.
In any of the following circumstances, give a warning or impose a fine;
(a) the use of cash beyond the prescribed scope and limit shall be punished according to 30% ~ 65% of the excess amount;
(2) If the cash on hand exceeds the approved cash on hand limit, it will be punished by 10% ~ 30% of the excess.