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?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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