Question
The anne Co. which began operation on January 1, 2020 uses the installment method of accounting. The following information is available for 2020. Cash collected,
The anne Co. which began operation on January 1, 2020 uses the installment method of accounting. The following information is available for 2020.
Cash collected, including down payments P962,425
Deferred gross profit at December 31, 2020 465,520
Gross profit on sales 35%
15. The total amount of anne co. installment sales for 2020 was?
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
