advance was granted to the cashier
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The cash balance of the bank for that day was 500,000, and an
advance was granted to the cashier of payments 150,000,
note that the balance of receipts was 400,000 and the
balance of payments was 100,000, and the bank was not entitled
to keep cash more than 250000, and the rest is transferred to the
Central Bank. What is the amount
550000(1) O
(b) 400,000 D
(C) 700,000 0
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