What total amount should be shown as cash

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Problem

On December 31, 2024, Bontoni Company had the following cash balances: Cash in banks P1,800,000 Petty cash funds (all funds were reimbursed on 12/31/2024 50,000 Cash in banks included P600,000 in a separate bank where-in the company is required to maintain a minimum average of P800,000 of 10 workings on a rolling basis. Get the instant assignment help. In the current assets section of Bontoni's December 31, 2024 statement of financial position, what total amount should be shown as cash?

Reference no: EM133901883

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