Scribd Logo
Upload

Welcome to Scribd!

  • ACRH Co. Function of Expense Method

    Uploaded by

    G - HAMUYAN, ANNE CLARISSE R.
    8 views1 page
    ACRH Co. had sales of ₱2,500,000 for the period ended December 31, 2013 with a cost of sales of ₱48,000 resulting in a gross profit of ₱2,452,000. After accounting for other income and expenses such as distribution costs, administrative expenses, interest, ACRH Co. had a profit for the year of ₱1,690,000 with no other comprehensive income, resulting in total comprehensive income for the year of ₱1,690,000.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    ACRH Co. had sales of ₱2,500,000 for the period ended December 31, 2013 with a cost of sales of ₱48,000 resulting in a gross profit of ₱2,452,000. After accounting for other income and expenses such as distribution costs, administrative expenses, interest, ACRH Co. had a profit for the year of ₱1,690,000 with no other comprehensive income, resulting in total comprehensive income for the year of ₱1,690,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    ACRH Co. Function of Expense Method

    Uploaded by

    G - HAMUYAN, ANNE CLARISSE R.
    ACRH Co. had sales of ₱2,500,000 for the period ended December 31, 2013 with a cost of sales of ₱48,000 resulting in a gross profit of ₱2,452,000. After accounting for other income and expenses such as distribution costs, administrative expenses, interest, ACRH Co. had a profit for the year of ₱1,690,000 with no other comprehensive income, resulting in total comprehensive income for the year of ₱1,690,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Multi-step Approah

    ACRH Co.
    Statement of Comprehensive Income
    For the period ended December 31, 2013

    Sales ₱2,500,000
    Cost of Sales (₱48,000)
    GROSS PROFIT ₱2,452,000
    Other income ₱70,000
    Distribution Cost (₱523,000)
    Administrative Expense (₱298,000)
    Other Expenses (₱5,000)
    Interest expense (₱6,000)
    PROFIT FOR THE YEAR ₱1,690,000
    Other comprehensive income —
    COMPREHENSIVE INCOME FOR THE YEAR ₱1,690,000

    You might also like