Solution-Determine what the gross profit on the sale is

Determine what the gross profit on the sale is

Reference no: EM132737302

Problem 1: The total sales was P1,000,000 of which sales on cash basis amounted to P400,000. The policy of the business is to provide 1% of credit sales as bad debts expense. The bad debts expense is

Problem 2: Mr. Linderman purchased merchandise for P 5,000 and paid P200 for freight, FOB Destination collect. The merchandise was sold for P6,000. The gross profit on the sale is

Reference no: EM132737302

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Determine what the gross profit on the sale is : Mr. Linderman purchased merchandise for P 5,000 and paid P200 for freight, FOB Destination collect. The gross profit on the sale is

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Determine what the gross profit on the sale is

Reference no: EM132737302

Reference no: EM132737302

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