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 Ɔ (C) 700,000 O

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 Ɔ (C) 700,000 O

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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