ome of the accounts are extracted from the trial balance of the company as follows: Cash P300,000; Inventories P250,000; Fixed Assets P500,000; Accounts Payable P350,000; Unearned Income P25,000; Rent Revenue P800,000; Prepaid Expenses P30,000; Operating Expenses P450,000. Based on the above given information, how much is the Capital balance of the business? P730,000 not given P700,000

ome of the accounts are extracted from the trial balance of the company as follows: Cash P300,000; Inventories P250,000; Fixed Assets P500,000; Accounts Payable P350,000; Unearned Income P25,000; Rent Revenue P800,000; Prepaid Expenses P30,000; Operating Expenses P450,000. Based on the above given information, how much is the Capital balance of the business? P730,000 not given P700,000

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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