Question
The following information pertains to KHUBID Corporation on December 31, 2020. Petty cash fund using imprest system (Bills and coins on hand of from the
The following information pertains to KHUBID Corporation on December 31, 2020.
Petty cash fund using imprest system
(Bills and coins on hand of from the
petty cash custodian P3,500) 10,000
Reconciled amount in general checking account with
BDO Bank (cash balance per book 395,000) 350,000
SECURITY BANK (Cash accumulated in a special fund
that will be used for plant expansion) 2,250,000
LAND BANK current account (Overdraft) 12,000
TIPID Bank (ATM ) Salary fund 90,000
Cash surrender value 360,000
Cash travel advances in the hand of company
sales persons 2,000
What is the total amount that KHUBID should report as Cash and Cash
Equivalent in the current assets section of the statement of financial position on
December 31, 2020?
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Business Security Audit And Review Toolkit The Modern Toolkit For Security And Risk Professionals To Grow Their Business And For The Business Owners.
Authors: L Burke Files, Gamal Newry, Ibrahim Yeku
1st Edition
1674831315, 978-1674831312
