Answered: FDN Accounting Services purchased…

FDN Accounting Services purchased office supplies for P52,000 on terms 30% down payment and the balance 2/10 n/30. How much is the increase in the total assets of the business?

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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FDN Accounting Services purchased office supplies for P52,000 on terms 30% down payment
and the balance 2/10 n/30. How much is the increase in the total assets of the business?

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