Carbonandum universe produces card board and has the below mentioned details for March 31, 2021: Particulars Opening inventory Amount P300,000 Purchases P2,016,000 Carriage inwards Wages Sales Returns inwards Return outwards | Closing inventory Pass necessary adjusting closing entries in the year end. P90,000 P150,000 P3,300,000 P300,000 P216.000 P600,000
Carbonandum universe produces card board and has the below mentioned details for March 31, 2021: Particulars Opening inventory Amount P300,000 Purchases P2,016,000 Carriage inwards Wages Sales Returns inwards Return outwards | Closing inventory Pass necessary adjusting closing entries in the year end. P90,000 P150,000 P3,300,000 P300,000 P216.000 P600,000
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 20MC: Mark Industries issues a note in the amount of $45,000 on August 1, 2018 in exchange for the sale of...
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