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Questions and Answers
What was the total amount invested in the dental practice by P. Moran at the beginning?
What was the total amount invested in the dental practice by P. Moran at the beginning?
- P250,000
- P265,000
- P300,000 (correct)
- P300,500
Which transaction represents an expense for the dental practice?
Which transaction represents an expense for the dental practice?
- Purchasing dental supplies P14,500
- Receiving payment from D. Fernando in full
- Collecting P28,000 for completed dental work
- Withdrawing P8,000 for personal living expenses (correct)
What was the total amount paid for utility bills and telephone bill combined?
What was the total amount paid for utility bills and telephone bill combined?
- P15,750 (correct)
- P8,750
- P14,750
- P6,750
Which transaction represents a revenue for the dental practice?
Which transaction represents a revenue for the dental practice?
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What was the total amount paid to G. Liwanag as a partial payment of the account due to him?
What was the total amount paid to G. Liwanag as a partial payment of the account due to him?
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