II. BASIC ACCOUNTING EQUATIONDirection: Fill up the missing amounts for each case.Case 1Case 2Case 3P120,000AssetsLiabilitiesP100,00045,00035,00035,000Owner"s Equity65,000• Source: Ferrer R.C. et.al. (2017). Fundamentals of Accountancy, Business and Management part 1, Bandolin Enterprise,(Publishing and Printing) Bakakeng Sur, Baguio CityIV. EXPANDED ACCOUNTING EQUATION Direction:Fill up the missing amounts for each case.Case 1P100,00035,000Case 2Case 3P120,000RevenueExpensesProfit / Loss• Source: Ferrer R.C. et.al. (2017). Fundamentals of Accountancy, Business and Management part 1, Bandolin Enterprise,(Publishing and Printing) Bakakeng Sur, Baguio City35,00045,00025,000

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Description: II. BASIC ACCOUNTING EQUATIONDirection: Fill up the missing amounts for each case.Case 1Case 2Case 3P120,000AssetsLiabilitiesP100,00045,00035,00035,000Owner"s Equity65,000• Source: Ferrer R.C. et.al. (2017). Fundamentals of Accountancy, Business and

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III. BASIC ACCOUNTING EQUATION Direction: Fill up the missing amounts for each case. Case 1 P100,000 45,000 Case 2 Case 3 P120,000 Assets Liabilities 35,000 35,000 Owner"s Equity 65,000

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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II. BASIC ACCOUNTING EQUATION
Direction: Fill up the missing amounts for each case.
Case 1
Case 2
Case 3
P120,000
Assets
Liabilities
P100,000
45,000
35,000
35,000
Owner"s Equity
65,000
• Source: Ferrer R.C. et.al. (2017). Fundamentals of Accountancy, Business and Management part 1, Bandolin Enterprise,
(Publishing and Printing) Bakakeng Sur, Baguio City
IV. EXPANDED ACCOUNTING EQUATION Direction:
Fill up the missing amounts for each case.
Case 1
P100,000
35,000
Case 2
Case 3
P120,000
Revenue
Expenses
Profit / Loss
• Source: Ferrer R.C. et.al. (2017). Fundamentals of Accountancy, Business and Management part 1, Bandolin Enterprise,
(Publishing and Printing) Bakakeng Sur, Baguio City
35,000
45,000
25,000

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