17. Recovery of bad debt written off by a taxpayer: 1) P20,000 from accounts written off in a year which had a net income of P200,000 before the write-off (write-dff for the year was P20,000) 2) P5,000 from accounts written off in a year which had a net loss before written off in a year, which had a net loss before write off of P36,000 (write-off for the year was P5,000). The income from the bad debt recovery is: a. PO b. P20,000 P25.000

17. Recovery of bad debt written off by a taxpayer: 1) P20,000 from accounts written off in a year which had a net income of P200,000 before the write-off (write-dff for the year was P20,000) 2) P5,000 from accounts written off in a year which had a net loss before written off in a year, which had a net loss before write off of P36,000 (write-off for the year was P5,000). The income from the bad debt recovery is: a. PO b. P20,000 P25.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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