Solution-Present the expenses under the two forms of income

Present the expenses under the two forms of income statement

Reference no: EM132844278

Question - An entity incurred depreciation expenses of P200,000 in its administrative department, and P1,500,000 in its sales department; and salaries of P500,000 in its administrative department, and P600,000 in its sales department. The summary is as follows:

Administrative Department Sales Department

Depreciation Expense 200,000 1,500,000

Salaries 500,000 600,000

Required - Present the expenses under the two forms of income statement.

Reference no: EM132844278

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Present the expenses under the two forms of income statement

Reference no: EM132844278

Reference no: EM132844278

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