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Ms. Gamboa uses accrual method of accounting. She owns a land which she leased to Mr. Sotto for 2 years at an annual rental of

Ms. Gamboa uses accrual method of accounting. She owns a land which she leased to Mr. Sotto for 2 years at an annual rental of P 100,000. On July 1, 2018, she received P 200,000 from Mr. Sotto represe...

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