Recent content by Sej

Can you show the differences or improvement of the law from the previous practices in the Philippines?

Thank you TS!

So what is the rules of debit and credit for capital and withdrawals including losses and revenues for? Is it Corporation or is it Partnership?

1. The rules of debit and credit for capital and withdrawals including losses and revenues for A. Partnership B. Corporation

The trial balance of Xyz Corporation prior to the closing of its accounts for the fiscal year ended September 30, 2021 is as follows: Debit Credit Cash 225,000 Accounts receivable 936,000 Allowance for doubtful accounts...

Sana may pang Bluestacks din hehe

Alfamart walang charge

Thank you TS!

Case 2. The XYZ Co. had a credit balance in its Retained Earnings account of P 1,700,000. It desired to declare a dividend and retain only P 100,000 in its Retained Earnings account. The capital structure of XYZ Co. (before the dividend) is: Share capital, preference, 10%, participating...

Case 1. Xyz Corp. is a family corporation. For not distributing dividends, it is suspected that the members of the family are using the corporation for evading the taxes on income that properly belongs to them, as the income is still with the corporation. The following data are from the records...

Pa bookmark muna TS.

What are your thoughts about legalization of abortion?

ABC Corporation received on January 5, 2023 from the SEC. An authorized capital stock of P 30,000,000 (300,000 common shares, par of P 100) of which P 10,000.000 were subscribed and P 2,500,000 were ρáíd on the subscription by each incorporator. January 5 The Capital stock authorized and...

Par Value of shares issued – P 3,000,000 Fair market value of land received by the corporation in payment – P 2,750,000 a. Journal entry at the time of issue, recognizing the deficiency in the payment received for the shares? Journal entry for the collection on the deficiency? b. Journal entry...

Congratulations TS. Merry Christmas!