Zian Company has the following cash balances: Cash in Bank ($ 18,762), Payroll Bank Account ($ 8,000),
Question:
Zian Company has the following cash balances: Cash in Bank \(\$ 18,762\), Payroll Bank Account \(\$ 8,000\), Petty Cash \(\$ 150\), and Plant Expansion Fund Cash \(\$ 30,000\) to be used 2 years from now. Explain how each balance should be reported on the balance sheet.
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Zian Company should report Cash in Bank Payroll Bank ...View the full answer
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Kanishka jindal
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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