question archive Andersen Company sold a car with a list price of P3

Andersen Company sold a car with a list price of P3

Subject:AccountingPrice: Bought3

Andersen Company sold a car with a list price of P3.5M for cash of P2M and a trade-in which is valued at P1.5M.

It turned out that the car traded-in was only worth P1M.

How much is the overallowance on trade-in?

How much should be the correct amount of sales?

 

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions