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  1. business
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  3. t the end of the current year, an entity had vario

t the end of the current year, an entity had various checks and papers in...

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Accounting

t the end of the current year, an entity had various checks and papers in its safe. Which item should not be included in its cash account in the current year-end statement of financial position?

a.

The entitys undelivered check payable to a supplier dated December 31 of the current year

b.

Past due promissory note issued in favor of the entity by its President

c.

P20,000 cash

d.

Another entitys P150,000 check payable to the entity dated December 15 of the current

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