Yes Or No Flashcards
1
Q
Payment of family’s medical expense
A
No
2
Q
Received cash for services rendered to clients
A
Yes
3
Q
Payment of rice and fish for family’s consumption
A
No
4
Q
Withdrawal of cash from the business
A
Yes
5
Q
Enters into advertising contract with GMA
A
No
6
Q
Investment of computer equipment to the business
A
Yes
7
Q
Payment of government taxes and licenses
A
Yes
8
Q
Registration of business name to Department of Trade and Industry
A
No
9
Q
To employ an accountant with a salary of P35,000 per month
A
No
10
Q
Death of the owner within the premise of the business
A
No
11
Q
Salaries paid to house helpers
A
No
12
Q
Gives support to an election candidate
A
No
13
Q
Loss incurred due to theft and robbery
A
No
14
Q
The commercial building was razed by fire
A
No
15
Q
Vacation and sick leave paid to employees
A
Yes
