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What amount should be reported as cash

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Question - The Cash balance of ABC Co. comprises the following:

Cash on Hand 40,000

Cash in bank - savings - BPI 100,000

Cash in bank - current - BPI (10,000)

Cash in bank - current - Metrobank (60,000)

Total 70,000

Cash on hand includes undeposited collections of P2,000

The cash in bank - savings maintained at BPI includes a P20,000 compensating balance which is restricted.

Required - What amount should be reported as cash?

Reference no: EM132638638

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