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Cash item
Unrestricted and available funds that qualify for reporting under the account title "Cash" for current operations.
Cash equivalents
Short-term investments maturing in three months or less, highly liquid financial instruments like treasury bills.
Bank Reconciliation Statement
Report reconciling the cash balance in the bank per books with the cash balance per bank statement.
Deposit in transit / undeposited collections
Cash received by the company but not yet received by the bank, already debited to cash.
Outstanding Checks
Checks issued by the company but not yet presented to the bank for payment.
Bank service charge
Charges by the bank not yet recorded by the company.
NSF/DAIF check
Customer's check returned by the bank to the company due to insufficient funds.
Bank Error
Mistaken bank credit or charges.
Book Error
Mistakenly recorded transactions.
Credit Memos
Deposits directly added to the company's account by the bank.
Debit Memos
Charges against the depositor's account made directly by the bank.
PETTY CASH FUND
Cash set aside for small and immediate expenses.
Note 
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