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Happy Selling's Sales amounted to Php 500,000. Sales returns and sales discounts amounted to Php 30,000 and Php 10,000 respectively. Purchases of the company totaled
Happy Selling's Sales amounted to Php 500,000. Sales returns and sales
discounts amounted to Php 30,000 and Php 10,000 respectively. Purchases
of the company totaled Php 100,000 while purchase returns and purchase
discounts amounted to Php 20,000 and Php 10,000 respectively. How much
is the company's Net Sales? Net Purchases?
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
