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Show all your workings? The following information pertains to Fish Cake Company on December 31, 2021: Bank statement balance-P5,000,000; Checkbook balance-P5,600,000; Deposit in transit-P2,000,000; Outstanding
Show all your workings?
The following information pertains to Fish Cake Company on December 31, 2021: Bank statement balance-P5,000,000; Checkbook balance-P5,600,000; Deposit in transit-P2,000,000; Outstanding checks, including P100,000 certified check-P500,000. In Fish Cake's December 31, 2021 statement of financial position, cash should be reported at: * LOWStep by Step Solution
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