Emcorp sold 2 units of M-max during the year. The terms of payments was 10% downpayment and
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Question:
Emcorp sold 2 units of M-max during the year. The terms of payments was 10% downpayment and the balance will be paid within 36 months. The details on the sales transaction during the year end were as follows:
Unit 1 Unit 2
Sales 114,000 140,000
Date sold June 4, 2022 Oct 13, 2022
DGP adjusted ?????????? 41,650
Total RGP recorded for the year was P 9,290.
Compute the total Ending DGP during the year end Dec. 31.
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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