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What the correct cash account balance for the balance sheet

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Reference no: EM132936341

Question - The cash account in the current asset section of the balance sheet of BTS Company consist of: Petty cash fund (of which P1,200 is in the form of paid vouchers)- P5,000; Bond sinking fund- P100,000; Receivables for employees- P6,000; Checking account in Hybe Bank, per bank statement (including checks outstanding of P3,100)- P243,000; Currencies and coins awaiting deposit- P52,000; Deposit in bank closed by Central Bank- P60,000. What the correct cash account balance for the balance sheet?

Reference no: EM132936341

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