Question

The business is a trading business. For the period, it purchased goods for sale
valued at P100,000. The goods were all sold for a total price of 120,000. For the
sale only 10% was received as down payment, 60% were later collected, and at the
end of the year 30% are still for collection. How much is the business income? ​

Answer 1

Answer:

the first thing that happened to the president