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How much should be included as cash and cash equivalent

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Question - CPA Company has the following selected accounts with unadjusted balances:

Cash on petty cash fund (including unreplenished expenses with supporting receipts of P12,000)- P75,000

Cash in bank (net of P21,000 account with BPI which has a credit balance due to overdrawn checks)- P245,000

Checks issued (post-dated as of year-end)- P155,000

Checks prepared, recorded but was not delivered to vendor- P120,000

Assuming no other cash items are on hand nor pending clearing and that the post-dated check was not deposit until it was ready for credit with the bank, how much should be included as cash and cash equivalent in the statement of financial position to be presented as of yearend?

Reference no: EM133087128

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