The following information pertains to Q Company:
Trade accounts receivable, net of P10,000 credit balance in customers’ accounts, P350,000
Notes receivable, P30,000 due in 12 months, P210,000
Advances to officers, due in 2 years, P20,000
Advances to suppliers, P10,000
The sale price of unsold goods sent on consignment to Entity F (120% of the cost), P24,000
Security deposit paid on a one-year lease contract, P6,000
Dividends are receivable, P30,000
Determine the total current receivables.

Answer rating: 100% (QA)

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