Solution-What total amount should be reported as trade

What total amount should be reported as trade

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Reference no: EM132820584

Question - Mane Company reported the following information at year-end:

Trade accounts receivable - P930,000

Allowance for uncollectible accounts - (P20,000)

Claim against shipper for goods lost in transit in November - P30,000

Selling price of unsold goods sent by Mane on consignment at 130% of cost and not included in Mane's ending inventory - P260,000

Security deposit on lease of warehouse used for storing some inventories - P300,000.

Required - What total amount should be reported as trade and other receivables under current assets at year-end?

Reference no: EM132820584

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What total amount should be reported as trade

Reference no: EM132820584

Reference no: EM132820584

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