Cash in bank balance of Novaliches Co. on January 1, 2010 was P 1,400,000 representing 35% paid-up capital of its authorized share capital of P 4,000,000. During the year you ascertained thefollowing postings to come accounts, as follows:DebitCreditPetty cash fundAccounts receivable tradeP 40,0009,000,0001,200,0001,000,0005,600,000700,000P 5,800,0001,000,000Subscription receivableDelivery equipmentAccounts payable tradeBank loanAccrued expensesSubscribed share capitalUnissued share capitalAuthorized share capital8,600,0001,500,00030,0001,200,0002,600,0004,000,0009,000,000SalesPurchases8,600,000Expenses (including depreciation ofP 100,000 and accrued expenses ofP 30,000)1,800,000Question:The cash in bank balance at December 31, 2010 is

Cash in Bank Cash in bank and Cash in hand are the liquidity which are vested in the hands of entity…

Subscribed share capital Unissued share capital Authorized share capital 1,200,000 2,600,000 4,000,000 9,000,000 Sales Purchases 8,600,000 Expenses (including depreciation of P 100,000 and accrued expenses of P 30,000) 1,800,000 Question: The cash in bank balance at December 31, 2010 is

Subscribed share capital Unissued share capital Authorized share capital 1,200,000 2,600,000 4,000,000 9,000,000 Sales Purchases 8,600,000 Expenses (including depreciation of P 100,000 and accrued expenses of P 30,000) 1,800,000 Question: The cash in bank balance at December 31, 2010 is

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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