Answered>Order 8305
Love Enterprises incurred the following business expenses in the taxable year 200x: a) Allowance per aging of accounts receivable at the beginning and ending of the year are P20, 000 and P30, 000 respectively. The firm’s provision for bad debts during the year is P15, 000. b) Accumulated depreciation on machine at the beginning is P100, 000 […]