The total cash payments made by the business for the period amounted to ₱100,000 as follows: Purchase of equipment for business use ₱50,000 Salaries of the employee 25,000 Water and electricity used in business 10,000 Taxes and Licenses used in business 15,000 How much is the operating expense from these payments? how can it be 50,000?
The total cash payments made by the business for the period amounted to ₱100,000 as follows: Purchase of equipment for business use ₱50,000 Salaries of the employee 25,000 Water and electricity used in business 10,000 Taxes and Licenses used in business 15,000 How much is the operating expense from these payments? how can it be 50,000?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The total cash payments made by the business for the period amounted to
₱100,000 as follows:
|
Purchase of equipment for business use |
₱50,000 |
|
Salaries of the employee |
25,000 |
|
Water and electricity used in business |
10,000 |
|
Taxes and Licenses used in business |
15,000 |
How much is the operating expense from these payments?
how can it be 50,000?
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