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How much is the business revenue for the period

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Problem 1: The business is a servicing firm. For the period it collected P50,000 cash and still have receivable amounting to P25,000 for the total services rendered. How much is the business revenue for the period?

Problem 2: If the ending inventory is P10,000, which is ½ of the beginning inventory and is 1/5 of the total purchases, what is the cost of sales?

Reference no: EM132737290

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