Question
143. On January 1, 2018, ABC Co price of P100,000 on account under credit terms of 15%, 20%, 3/10, n/30. Under the gross method, how
143. On January 1, 2018, ABC Co price of P100,000 on account under credit terms of 15%, 20%, 3/10, n/30.
Under the gross method, how much should be debited to Accounts Receivable on January 1, 2018?
- P85,000
- P100,000
- P65,596
- Answer not given
- P68,000
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
