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Introdution to Accounting

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Calling the attention of all aspirant soon to be CPA'S and any other related courses to stop by and read this book. This is a taglish book for better understanding of explanations. Read in order to learn. Listen in order to understand. So what ar...

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Bud's (Problem Solving)

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by KathangGleana

by KathangGleana

2. Determine the correct amount of the following:

a. Total cash collections

Answer : P12,900

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Sa above transactions based ang cash collections natin. Kung mapapansin niyo, mga Cash na naka-debit. And second, related sa Service Revenue, or business related income. (6,400+5,000+6,000)

b. Total cash available

Answer : P195,400

From the Journal Entry, gawan niyo lang ng T-Account (Ledger) 'yung Cash Account at 'yun naman ang hanap ng problem natin. 'Cash Available', ibig sabihin, Cash remaining balance.

c. Accounts Receivable

Answer : P1,600

d. Expense

Answer : P6,500

f. Owner's Equity

Answer : P210,0000