PART 2 (COMPUTATION) COMPUTE THE TOTAL AMOUNT OF ASSETS, LIABILITIES, CAPITAL, REVENUE AND EXPENSE.
Peter has a remaining balance that is due immediately in his credit card amounting to 30,000php. Peter also has remaining savings amounting to 25,000php in his bank account. Since his savings is not enough to pay for his credit card due, he decided to use part of his savings amounting to 20,000php to buy 2 sets of used pisonet to start a small business in front of their house. When Peter opened the pisonet on the first month, each pisonet earned 15,000php. The electric bill directly used in the pisonets costs 5,000php and the internet bill costs 1,500php.
Compute the total amount of the following:
ASSETS
LIABILITIES
CAPITAL
REVENUE
EXPENSE
NET INCOME
***...***...***...***...***...***...***...***
NOTE: I wont update hanggang walang sumasagot sa 2 updated exercise. Don't be afraid na sumagot. I hate cheating. Way na rin ito para ma-assess ang sarili niyo. I'll wait for the answers😉.
Pps. Next update is about sa 'credit' and 'debit'. 😊
Ppps. Every weekend lang ako online😅.
YOU ARE READING
Introdution to Accounting
RandomCalling 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...
