Naragski had a business with beginning balance of his capital account of P250,000. During the year, he invested additional cash of P100,000 for his business. His business had a net loss of P75,000. How much should be the ending balance of his capital? O P325.000 P425.000 O P350,000 P275.000

Naragski had a business with beginning balance of his capital account of P250,000. During the year, he invested additional cash of P100,000 for his business. His business had a net loss of P75,000. How much should be the ending balance of his capital? O P325.000 P425.000 O P350,000 P275.000

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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