{
207
lock the point up.
Have you received any of the $10,000.00? If I received it it would not be "at branches".
Have you ever received it ? No.
Has the Company ever received it ? No. It is in the Company's
hands, the company could transfer it but it could not receive it.
But on the contrary
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it is in Yong Si Kie's hands ? Mr. Yong si Kie is the Company's agent.
Do you
Would you like to draw a cheque or bill on it. think it would be honoured ? I don't know.
Would it here been ? I did not try so I can not say. If it were not, it ought to have been. of the agent not to honour it.
It would have been dishonest
"Cash at Branches Canton
In your journal page 28 (NIB 15)
$33.909.12" - do you know if that is included in the $164,082.89 ? I suppose so with my own eyes.
it was real cash
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I saw it
Where did it come from ? Shekki.
It should have been debited to the cash held at Shekki ? I presume it was.
Was it ? I presume 80 - I don't know.
That is the Shakki balance sheet which had been put in already. (Ex. NIB 9) If Canton was owing shekki this $33,909.12 that would appear as an asset in the Shekki balance sheet ? That sounds reasonable.
Well it does not it does not appear in the balunce sheet why does it not ? I do not know. Try Mr. Rodrigues he signed that. I must have known the answer but this is a year ago.
I
Can you suggest an explanation why it does not appear? have no suggestion to make. $33,909,12 - why is it not in the balance sheet ..... the answer to that is that Shekki has not charged Canton for it, and Canton has told us they have it. That has occurred. We get a letter from Canton quicker than we get it from Shekki,
I suggest to you that it still appears in the Shekki cash ? Very probably it does.
This item is duplicated? Is that a serious point which has arisen?
I am suggesting that the case cannot be at Canton and Shekki ? How could our balance sheet balance if we put it twice ?
There is no entry about this $33,909.12 bulance in the Shekki book, the only entry to substantiate it is the entry in your journal ? But the money was there.
How do you know the money was there ? I have seen it.
It was transferred on the last day of the financial year ? Just about.
16.