CASH AND ACCOUNTS, THEIR ACCOUNTING AND FORMALIZATION PROCEDURE

Abstract

his article studies the system of cash transactions and non-cash settlements carried out by business entities in modern economic conditions, the processes of their reflection in accounting and formalization in accordance with legislative requirements. Methods: the research used a systematic approach, comparative legal analysis, the balance sheet method of accounting, economic grouping and documentary verification methods. Results: the regulatory and legal framework for formalizing cash transactions and cash flows in bank accounts of the enterprise was analyzed, and the structural dynamics in the settlement system were identified; The relationship between analytical and synthetic accounting registers in cash accounting and the effectiveness of modern remote banking services were assessed. Discussion: the analysis of the weakness of the internal control system in managing cash flows led to a violation of financial and economic discipline and the formation of hidden turnover; Practical proposals have been put forward to optimize cash on hand and bank settlements based on the requirements of national accounting standards (NAS) and international financial reporting standards (IFRS), integrate digital technologies, and simplify registration procedures