he following was included in the bank reconciliation of Celine Company on December 31 of the current year Total company receipts for December P850,000 Total credits per bank in December 800,000 Credit memo for November recorded in December 60,000 Credit memo for December not yet recorded 80,000 Deposit in transit, December 31 100,000 Erroneous receipts by the company during December, no correction was made until the following year 10,000 What is the amount of deposit in transit at November 30?
the following was included in the bank reconciliation of Celine Company on December 31 of the current year
Total company receipts for December P850,000
Total credits per bank in December 800,000
Credit memo for November recorded in December 60,000
Credit memo for December not yet recorded 80,000
Deposit in transit, December 31 100,000
Erroneous receipts by the company during December, no correction was made until the following year 10,000
What is the amount of deposit in transit at November 30?
a. P32,000
b. P40,000
c. P42,000
d. P50,000
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