0% found this document useful (0 votes)
501 viewsPRTC Afar
Afar reviewer
Uploaded by
Arcennia CaseñasCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0% found this document useful (0 votes)
501 viewsPRTC Afar
Afar reviewer
Uploaded by
Arcennia CaseñasCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 14
excel Professional Se,
agent Fn ots en a a gh
OPEN
FIRST PRE-BOARD EXAMINATIONS
ADVANCED FINANCIAL
ACCOUNTING and REPORTING
f Exam Coverage | Partnerships, Joint Arrangement, |
| Corporate Liquidation, installment
{ | Sales, Long-term Construction
| | Sera a Rat,
(Somer anc
nce capers
ore
ie ‘OpenistPB.0518 —
[February 18, 2018
‘00 AM to 11:00 AM
[exam Code
entre
sa pocuning 278 RAPE sera
end of examination =
please submit your answer sheet
‘Keep the questionnaire
‘Thank you
for taking the PRTC Open Pre-Board Examinations! ‘nian rapt Aenean Reina -
STRUCTION: Sect the aro eh
AyerReCqusetons. Mark only ome answer for each em
Ne check proviged. Strictly NOW ERASURES —Au.g)
Feeney ene pier jour examination answer sheet yt.
Use PENCIL NG. 3 only. GOODLUCK!S
‘he following infmation was taken frm the Books o May
sacri stertge cey branch on December 31,2
Soe justng ence were recorded s
Pag bens ¥ 200,000
ientory,Jonuary oo
Purenoses, ‘ el
ce om Home orce
bate Othce books
‘te
Fevenony, January 2
Shipment to Branch
eee tor overvaluatin of branch inventory,
December 2 perchandise shipments in transit a5 & te yea
res e eaing mentors oe eo
side suppliers)
Home Onc, ezove from outsge suppliers, the rest 40,000
Branch office 40% from outside
ftom home ofc)
reported by the branch
‘e 68,500
i 140,000
4. Caleate the 2018 net income
8. P 121,000,
Bi p 41,000
Tre acs
aoc Feel Net 8 Repeng es
How much 5 the overstatement
2 B5te'ber home ace cost
ofthe branes 2018 cost of
513500