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51. Under the double-entry system, what is the value of X if assets, current liabilities and non-current liabilities and capital are X, P80.000, P60,000 and P380,000 respectively? O 370,000 O 240,000 O 520,000 250,000

51. Under the double-entry system, what is the value of X if assets, current liabilities and non-current liabilities and capital are X, P80.000, P60,000 and P380,000 respectively? O 370,000 O 240,000 O 520,000 250,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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All of the above 51. Under the double-entry system, what is the value of X if assets, current liabilities and non-current liabilities and capital are X, P80.000, P60,000 and P380,000 respectively? O 370,000 O 240,000 O 520,000 250,000 52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasiganp
Transcribed Image Text:All of the above 51. Under the double-entry system, what is the value of X if assets, current liabilities and non-current liabilities and capital are X, P80.000, P60,000 and P380,000 respectively? O 370,000 O 240,000 O 520,000 250,000 52. On September 1, 2021, Mr. Mario Marasigan puts up a business and brings office equipment of P150,000 and inventory of P30,000 to it. Mr. Marasiganp
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