question archive 1) which amounts cited below do you think must be included in the business financial reports? 2) What is your basis for including the said amounts? The owner, Robin Rica, invested Php 10,000 and borrowed Php50, 000 to start his business
1) which amounts cited below do you think must be included in the business financial reports? 2) What is your basis for including the said amounts? The owner, Robin Rica, invested Php 10,000 and borrowed Php50, 000 to start his business
Subject:AccountingPrice: Bought3
1) which amounts cited below do you think must be included in the business financial reports? 2) What is your basis for including the said amounts?
The owner, Robin Rica, invested Php 10,000 and borrowed Php50, 000 to start his business. He purchased a photocopying machine for P 30,000 and supplies for Php10, 000.00. He paid two months' rent for Php10, 000.00, salary for Php 4,000, and business permit for Php2, 000.00. The business consumed electricity for Php2, 500.00 payable the following moth. During the first month of business operations, the photocopying service generated Php10,000.00 revenue.?
