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A owes B P 1,000,000.00 by way of loan, P 2,000,000.00 for a car he bought from the, and P500,000.00 for unpaid medical services.
A owes B P 1,000,000.00 by way of loan, P 2,000,000.00 for a car he bought from the, and P500,000.00 for unpaid medical services. At this date, A only has properties amounting to P3,000,000.00. All debts are due and demandable at this date. If A pays B the whole P3,000,000.00, how will payment be applied to the debts? Explain your answer fully. *
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When A pays B the whole amount of P300000000 the payment will be applied to the debts in a specific ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
