Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer please grade 11 Dec. 04 - She purchased various poultry products from Nicanor Poultry Farms amounting P 90, 000. Paid P 40. 000 and

answer please grade 11

image text in transcribed
Dec. 04 - She purchased various poultry products from Nicanor Poultry Farms amounting P 90, 000. Paid P 40. 000 and way asued a change invoice for the balance. Dec. 05 - She bought various office worth of P 2. 500 and store supplies worth of P 3. 000 as evidenced by an official receipt from the seller. E. Engagement [Time Frame: 60 minutes) Learning Task 2: Give an evaluation of your daily income and expenses by doing the following activities. Do this on a separate sheet of paper. An example is provided below to be your guide. For example: Year 2019 Particular Rel no. Debit Credit January Cash transportation P 500 Food allowance 1.500 Preparing personal Income statement: Things needed: Pen % piece of paper (a notebook sheel is okay) Calculator Instructions: 1. Write your monthly allowance (computed by daily allowance * number of days in a month). Compute the total. 2. Write the amount you spend on food, transportation, phone load, etc. [make it monthly to match the allowance). Compute the total. 3. Deduct the total amount you spend from the total amount of your allowance. 4. Associate allowance with revenue and spending with expense with the net amount as net Income. II. Preparing personal balance sheet: Things needed: Pen place of paper (a notebook sheet t ok] Calculator Instructions: 1. Write your current savings and everything that you own (clothes, pen, pencl, etc.] Compute the total 2. Write the amount that you owed from your friends, family members, parents (tuition). 3. Deduct the amount you owed from the amount you own, 4 Associate the amounts owned with assets and amount owed with liabilities with the net amount as equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Mathematics questions

Question

3. Define the attributions we use to explain behavior

Answered: 1 week ago