You spent all your allowance for the week. In addition, you purchased 1 "balut' worth P16 from Manong Faramis, on credit

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answerhappygod
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You spent all your allowance for the week. In addition, you purchased 1 "balut' worth P16 from Manong Faramis, on credit

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You spent all your allowance for the week. In addition, you
purchased 1 "balut' worth P16 from Manong Faramis, on credit. You
told Manong that you will pay him next week. Under the accrual
basis of accounting, your profit (loss) for the current week is?
Show your solution.
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