Question
The cash in bank of Loveleen Company on December 31, 2018 has a balance of 1,000,000. Included among the checks drawn by Loveleen against its
The cash in bank of Loveleen Company on December 31, 2018 has a balance of 1,000,000. Included among the checks drawn by Loveleen against its current account and recorded in December 2018 are:
*Check written and dated December 23, 2018 and delivered to payee on January 6, 2019, P50,000.
*Check written December 27, 2018 and dated January 31, 2019 delivered to payee on December 27, 2018, P75, 000.
What amount of cash will be shown on December 31, 2018?
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Auditing The Risk Management Process
Authors: K. H. Spencer Pickett
1st Edition
0471690538, 978-0471690535
