The owner of FDN Trading received the amount loaned personally from a bank amounting to P1,600,000 and invested P900,000 of it into the business. How much is the increase in the total assets of the business?
The owner of FDN Trading received the amount loaned personally from a bank amounting to P1,600,000 and invested P900,000 of it into the business. How much is the increase in the total assets of the business?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The owner of FDN Trading received the amount loaned personally from a bank
amounting to P1,600,000 and invested P900,000 of it into the business. How much
is the increase in the total assets of the business?
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