The assets of the business at the start of the month is P1,000,000 and the...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The assets of the business at the start of the month is P1,000,000 and the liabilities is P200,000. Equipment worth P250,000 were purchased during the month of which only P100,000 were paid for. At the end of the month, the owner's equity will be
a) P 1,250,000
b) P 950,000
c) P 1,050,000
d) P 800,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
