The following account balances were taken from the books of a government agency: Salaries and Wages-Regular, P6,000,000; PERA, P425,000; Office Supplies Expense, P600,000; Water Expenses, P90,000; Electricity Expenses, P100,000; Telephone Expenses, P45,000; Traveling Expenses, P150,000; Representation Allowance and Transportation Allowance (RATA), P250,000; Honoraria, P120,000; Subsidy from National Government, P11,000,000; Interest Income, P100,000; Interest Expenses, P150,000; Bank Charges, P7,500, Retirement and Life Insurance Premiums, P750,000; Pag-IBIG Contributions, P200,000; Phil-Health Contributions, P150,000; Employees Compensation Insurance Premiums, P80,000; Semi-Expendable Machinery and Equipment Expense, P80,000; Representation Expenses, P450,000; Depreciation Expense, P250,000; Amortization Expense, P200,000 and Impairment Loss-PPE, P100,000. How much is the total amount of expenses under Maintenance and Other Operating Expenses( Cash Expenses)?
The following account balances were taken from the books of a government agency: Salaries and Wages-Regular, P6,000,000; PERA, P425,000; Office Supplies Expense, P600,000; Water Expenses, P90,000; Electricity Expenses, P100,000; Telephone Expenses, P45,000; Traveling Expenses, P150,000; Representation Allowance and Transportation Allowance (RATA), P250,000; Honoraria, P120,000; Subsidy from National Government, P11,000,000; Interest Income, P100,000; Interest Expenses, P150,000; Bank Charges, P7,500, Retirement and Life Insurance Premiums, P750,000; Pag-IBIG Contributions, P200,000; Phil-Health Contributions, P150,000; Employees Compensation Insurance Premiums, P80,000; Semi-Expendable Machinery and Equipment Expense, P80,000; Representation Expenses, P450,000; Depreciation Expense, P250,000; Amortization Expense, P200,000 and Impairment Loss-PPE, P100,000. How much is the total amount of expenses under Maintenance and Other Operating Expenses( Cash Expenses)?
Chapter13: Choice Of Business Entity—general Tax And Nontax Factors/formation
Section: Chapter Questions
Problem 56P
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The following account balances were taken from the books of a government agency: Salaries and Wages-Regular, P6,000,000; PERA, P425,000; Office Supplies Expense, P600,000; Water Expenses, P90,000; Electricity Expenses, P100,000; Telephone Expenses, P45,000; Traveling Expenses, P150,000; Representation Allowance and Transportation Allowance (RATA), P250,000; Honoraria, P120,000; Subsidy from National Government, P11,000,000; Interest Income, P100,000; Interest Expenses, P150,000; Bank Charges, P7,500, Retirement and Life Insurance Premiums, P750,000; Pag-IBIG Contributions, P200,000; Phil-Health Contributions, P150,000; Employees Compensation Insurance Premiums, P80,000; Semi-Expendable Machinery and Equipment Expense, P80,000; Representation Expenses, P450,000; Depreciation Expense, P250,000; Amortization Expense, P200,000 and Impairment Loss-PPE, P100,000.
How much is the total amount of expenses under Maintenance and Other Operating Expenses( Cash Expenses)?
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