Raffy Tulfo In Action (RTIA) appointed Shelwyn as its petty cash custodian. As at December 31, 2020, the petty cash amounted to P50,000 and is consisted of the following: Check drawn payable to Shelwyn to replenish the fund P20,000 Customer check received for payment of an account 10,000 Grab and uber receipts incurred by RTIA staffs 5,000 Note pledged by Brill, an employee of RTIA 5,000 Currency and coins 5,000 Envelope containing contributions for RTIA staff's dinner 5,000 As at December 31, 2020, what is the amount to be reported as petty cash in RTIA's statement of financial position?
Raffy Tulfo In Action (RTIA) appointed Shelwyn as its petty cash custodian. As at December 31, 2020, the petty cash amounted to P50,000 and is consisted of the following:
Check drawn payable to Shelwyn to replenish the fund P20,000
Customer check received for payment of an account 10,000
Grab and uber receipts incurred by RTIA staffs 5,000
Note pledged by Brill, an employee of RTIA 5,000
Currency and coins 5,000
Envelope containing contributions for RTIA staff's dinner 5,000
As at December 31, 2020, what is the amount to be reported as petty cash in RTIA's
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