Carl's Barbourshop Co. owns the following items: Cash in bank savings account $4,500 Cash on hand $1,000 Cash refund due from the Canada Revenue Agency $990 Chequing account balance $13,200 Postdated Cheques $2,000 What amount should Carl’s report as cash? Please explain for the answer/why the amount chosen

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.