Related data of V Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of Accounts receivable How much is the Net realizable value?

Related data of V Company: Accounts receivable, beginning P395,200 Allowance for bad debts, beginning 8,500 Sales for the year 5,000,000 Collection 4,680,000 Percentage of Bad debts is 2% of Accounts receivable How much is the Net realizable value?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 49BE: Accounts Receivable Balance Hart Inc. began the year with $315,700 of accounts receivable. During...

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Question

Related data of V Company:

Accounts receivable, beginning P395,200

Allowance for bad debts, beginning 8,500

Sales for the year 5,000,000

Collection 4,680,000

Percentage of Bad debts is 2% of Accounts receivable

How much is the Net realizable value?

Definition Definition Receivable amount that a company is owed, but did not receive, and which may not be receivable in future.

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