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An entity reported cash and cash equivalents of P12,000,000 in its statement of financial position as of Dec. 31, 2024. This amount includes the following:
An entity reported cash and cash equivalents of P12,000,000 in its statement of financial position as of Dec. 31, 2024. This amount includes the following: Customer's check for P100,000 returned by bank on Dec. 29, 2024 due to insufficient fund but subsequently redeposited and cleared by the bank on Jan. 3, 2025
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
