The following data were available for Nina School of Rock at Dec 31, 2022: Cash in bank - BPI (per books) 75,000 Cash in bank - Metrobank   (1,000) Payroll fund  25,000 Petty cash fund, 3,000 (includes 500 unreplenished vouchers) Additional information at Dec 31: a. Outstanding checks, P1,200 b. Service charge for Dec P200 (unrecorded by books) c. Deposit in transit, P2,000 How much is the amount of cash at Dec 31, 2022?     102,000 102,300 102, 800 103,100

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Q:

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A:

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.