Question

IU Previous capital
Expenses of P 17,500 were paid in the year 2018. On 31st Dec., 2017. prepaid
expenses were * 1,800 and Outstanding expenses were * 1,600. On 31st Dec., 2018
Outstanding and prepaid expenses respectively were < 1.200 and 3 1,500. How much
amount of expenses will be transferred to Income and Expenditure Account?​

Answer 1

Explanation:

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