Question
Main Pop Girls Company's sales amounted to 500,000. Sales returns and sales discounts amounted to 30,000 and 10,000 respectively. Purchases of the company totaled P100,000
Main Pop Girls Company's sales amounted to 500,000. Sales returns and sales discounts amounted to 30,000 and 10,000 respectively. Purchases of the company totaled P100,000 while purchase returns and purchase discounts amounted to P20,000 and P10,000 respectively.
How much is the company's Net Sales? Net Purchases?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
