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Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account? the 2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is,total Liabilities? the ncots is equal to P350,000, Owner's equity is 250,000, How much is,Equity?

Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account? the 2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is,total Liabilities? the ncots is equal to P350,000, Owner's equity is 250,000, How much is,Equity?

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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3. Assets is equal to P350,000, Owner's equity is 250,000, How much is the Equity?

Remember the Accounting Equation Assets is equals to Liability and Owner's Equity Account Activity 2 Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account? the 2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is total Liabilities? the 3. Assets is equal to P350,000, Owner's equity is 250,000, How much is,Equity? 4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of syt P50,000. How much is total assets? 5 Current Assets is P50,000, Non- Current Assets is P150,000.00, Current Liabilities is P10,000 and Non- Current Liabilities is P40,000, How much is the Equity of the company.
Transcribed Image Text:Remember the Accounting Equation Assets is equals to Liability and Owner's Equity Account Activity 2 Solve the accounting Equation: 1. Angels Tutorial Center has an asset amounting to P 200,000, Liability is P 75,000. How much is the owner's equity account? the 2. Assets of TMAM is P15,000 and Total Equity is P10,000, how much is total Liabilities? the 3. Assets is equal to P350,000, Owner's equity is 250,000, How much is,Equity? 4. Sure Fresh Company's total liabilities amounted P30,000. Total equity had an ending balance of syt P50,000. How much is total assets? 5 Current Assets is P50,000, Non- Current Assets is P150,000.00, Current Liabilities is P10,000 and Non- Current Liabilities is P40,000, How much is the Equity of the company.
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