If after recounting your drawer the difference remains greater than $5, where should the amount be posted?

If after recounting your drawer the difference remains greater than $5, where should the amount be posted?

• A. Your own specific General Ledger account
• B. General Teller Suspense Account
• C. Customer refunds
• D. Bank's petty cash

Answer: (A)

Discrepancies found during teller drawer reconciliation must be entered into the bank's accounting records. If, after recounting, the difference is larger than the allowed threshold, the amount should be posted to your own General Ledger account. This creates a permanent, auditable record of the teller’s cash short or over and links it to your accountability, while keeping the branch’s overall ledger in balance. A General Teller Suspense Account is used only as a temporary holding place when the cause of the discrepancy is still being investigated; once the amount is known, it belongs in your own GL account, not in suspense. Customer refunds and the bank’s petty cash are not appropriate postings for a drawer discrepancy.

Discrepancies found during teller drawer reconciliation must be entered into the bank's accounting records. If, after recounting, the difference is larger than the allowed threshold, the amount should be posted to your own General Ledger account. This creates a permanent, auditable record of the teller’s cash short or over and links it to your accountability, while keeping the branch’s overall ledger in balance. A General Teller Suspense Account is used only as a temporary holding place when the cause of the discrepancy is still being investigated; once the amount is known, it belongs in your own GL account, not in suspense. Customer refunds and the bank’s petty cash are not appropriate postings for a drawer discrepancy.