Directions: Read the given transaction below. Analyze, which of the amounts cited above do you think will be included in the business' financial reports? Why and what are reasons for including them? Mr. Susano, a business owner of a Travel Agency invested 100 Million for additional twenty Electric Jeepneys worth P2,000,000.00 which the owner only paid half and avail the Auto Loan from Suzuki Motors worth P 1,000.000.00. He acquired a I hectare lot worth 15 Million for his automobiles, construct a small office spaces for his staff and installed solar panels and paid 10 Million for the construction company including the labor and solar panel. Secured al the Permit and Licenses worth P69,000.00. During the first month of operation, he then paid the Salaries and Wages of his three office staffs and twenty-five drivers worth P80,000. Paid Insurance for his employees worth 29,000. The business consumed water worth P28,000. For one month, the business generated P1,000,000.00 revenue.
Directions: Read the given transaction below. Analyze, which of the amounts cited above do you think will be included in the business' financial reports? Why and what are reasons for including them? Mr. Susano, a business owner of a Travel Agency invested 100 Million for additional twenty Electric Jeepneys worth P2,000,000.00 which the owner only paid half and avail the Auto Loan from Suzuki Motors worth P 1,000.000.00. He acquired a I hectare lot worth 15 Million for his automobiles, construct a small office spaces for his staff and installed solar panels and paid 10 Million for the construction company including the labor and solar panel. Secured al the Permit and Licenses worth P69,000.00. During the first month of operation, he then paid the Salaries and Wages of his three office staffs and twenty-five drivers worth P80,000. Paid Insurance for his employees worth 29,000. The business consumed water worth P28,000. For one month, the business generated P1,000,000.00 revenue.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Directions: Read the given transaction below. Analyze, which of the amounts
cited above do you think will be included in the business' financial reports?
Why and what are reasons for including them?
Mr. Susano, a business owner of a Travel Agency invested 100 Million for
additional twenty Electric Jeepneys worth P2,000,000.00 which the owner only
paid half and avail the Auto Loan from Suzuki Motors worth P 1,000.000.00.
He acquired a 1 hectare lot worth 15 Million for his automobiles, construct a
small office spaces for his staff and installed solar panels and paid 10 Million
for the construction company including the labor and solar panel. Secured all
the Permit and Licenses worth P69,000.00.
During the first month of operation, he then paid the Salaries and Wages of his
three office staffs and twenty-five drivers worth P80,000. Paid Insurance for his
employees worth 29,000. The business consumed water worth P28,000.
For one month, the business generated P1,000,000.00 revenue.
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