ABM2 QE2.docx - Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus Dapitan city

ABM2 QE2.docx - Republic of the Philippines JOSE RIZAL...

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Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus, Dapitan city SENIOR HIGH SCHOOL- ABM STRAND FUNDAMENTALS OF ABM 2 NAME: DATE: PROGRAM & YEAR: GENDER: M( );F( );L( );G( );B( );T( ) GENERAL INSTRUCTION: Apply everything that you have learned from the previous discussion. Understand carefully each question and answer it with strict diligence. Use only ball pen, of any color, in answering. 1. Ang Panday Company’s Bank statement for October 31, showed a cash balance of P1,890,000. The company’s cash account in its general ledger showed a P890,000 debit balance. The following information was also available as of October 31. a. A customer’s check for P320,000 marked NSF was returned by bank. The bank charged the company’s account a P500 processing fee. b. The October cash receipts, P1,320,000 were placed in the bank’s night depositary after banking hours on that date and this amount did not appear on the October 31 bank statement.
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  • Taxation in the United States, Ang Panday Company, Ms. Gandara R. Squad

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