3. Analysis of errors in the trial balance: A P630 receipt on account was recorded as a P630 debit to Cash and a P360 credit to Accounts Receivable. Which of the trial balance totals, debit or credit, is the larger (where applicable)? a. not applicable b. debit c. credit 5. Analysis of errors in trial balance.: A purchase of equipment for P4,500 on account was not recorded. Which of the trial balance totals, debit or credit, is the larger (where applicable)? a. not applicable b. debit c. credit

10. If owners equity of P180,000 were 2/3 of total assets, then total liabilities would be

a. P90,000

b. P270,000

c. P180,000

d. P120,000 11. The statement of financial position of Humps Company shows a capital balance of P360, 000 which is equal to 1/3 of its total assets. How much is the total liabilities?

a. P120, 000

b. P720, 000

c. P1, 080, 000

d. P480, 000