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Accounting
Faith D. Nakpil Accounting Services (FDNACCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?

Faith D. Nakpil Accounting Services (FDNACCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?

FINANCIAL ACCOUNTING
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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Faith D. Nakpil Accounting Services (FDNACCCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?
Transcribed Image Text:Faith D. Nakpil Accounting Services (FDNACCCT) paid for the following: Purchase of equipment: P50,000 Operating expenses: P230,000 Interest of bank loan: P3,000 Principal of bank loan: P20,000 The owner also made a cash withdrawal of P50,000. How much is the total expense of the business?
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