PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?

PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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