Question
The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding
The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding per bank statement) Collections from customers Deposits in a closed bank by BSP Petty cash fund (P15,000 in the form of paid vouchers) Receivables from employees and officers What is the amount of cash to be reported by JKL Company? 2,250,000 4,732,500 1,702,500 750,000 75,000 262,500 9,772,500
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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