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Show complete solution. The owner of the business reported the following expenses for the period: Salaries of business employees, P5,000; Salaries of house help in
Show complete solution.
The owner of the business reported the following expenses for the period: Salaries of business employees, P5,000; Salaries of house help in the owner's residence, P3,000; Cleaning supplies consumed in the conduct of business, P1,000; and Cleaning supplies used in the owner's family car, P500. How much is the total business expenses deductible from business income to determine the business profit or loss? * Step by Step Solution
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