Solution-Which was beginning balance

Which was beginning balance

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problem 1: If accounts receivable has a debit postings of P 580,000, credit postings of P 440,000 and a normal ending balance of P 480,000, which of the following was its beginning balance?

Option 1: P 340,000 Credit

Option 2: P 620,000 Credit

Option 3: P 340,000 Debit

Option 4: P 620,000 Debit

Reference no: EM132803906

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Which was beginning balance

Reference no: EM132803906

Reference no: EM132803906

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