Question
On December 31, 2019, the pre-closing trial balance of Agency GHI shows the following totals: Current Assets P500,000, Property, Plant and Equipment, P800,000, Current Liabilities
On December 31, 2019, the pre-closing trial balance of Agency GHI shows the following totals: Current Assets P500,000, Property, Plant and Equipment, P800,000, Current Liabilities 200,000, Subsidy Income from NG 50,000 Expenses 40,000.
What is the Accumulated Surplus/Deficit balance at December 31, 2019?
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
