in 2019, Reggie covered a P200,000 bad debt written off on Dec 2017. The gross income of Reggie in 2017 is P1,500,000 and he had a total of P300,000 business expense, excluding the bad debt written off of P400,000. Compute the income to be reported in 2019 if Reggie had a gross income and business expense of P1,000,000 and P300,000, respectively
in 2019, Reggie covered a P200,000 bad debt written off on Dec 2017. The gross income of Reggie in 2017 is P1,500,000 and he had a total of P300,000 business expense, excluding the bad debt written off of P400,000. Compute the income to be reported in 2019 if Reggie had a gross income and business expense of P1,000,000 and P300,000, respectively
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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in 2019, Reggie covered a P200,000
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