PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?

PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 20E

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