Question

The assets of the business at the start of the month is P1,000,000 and the owner’s equity is P800,000. Equipment worth P500,000 were purchased during the month of which only P150,000 were paid for. At the end of the month, owner’s equity will become a. P550,000
b. P1,150,000
c. P800,000
d. P1,000,000

Answer 1

Answer:

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Explanation:

purchased during the month of which only P150,000 were paid for. At the end of the month, owner’s equity will become a. P550,000

b. P1,150,000

c. P800,000

d. P1,000,000

Answer 2

Answer:

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