Records and local rule
Original cash-custody policy requires outgoing and incoming custodians to count together and accept the actual opening amount. Expected register cash is HKD 420. They count twenty 10 notes and four 50 notes. A difference must be recorded before custody acceptance; it is not automatically charged to a person.
| Denomination | Count | Amount |
|---|---|---|
| 10 | 20 | 200 |
| 50 | 4 | 200 |
| Actual total / expected | 24 notes | 400 / 420 |
Process the recorded case
- Count together by denomination
- Reconcile with the opening register
- Record variance and both observations
- Record incoming custody acceptance for the actual amount
If either count or acceptance is missing, keep handover unresolved and name the existing custodian.
Check the outcome
What actual opening and variance are recorded?
Show the worked answer
20×10+4×50=400; actual−expected=400−420=−20. Record the shortfall without changing either observed count or asserting cause.