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Assets and liabilities started with balances of P75,000 and P25,000, respectively. By the end of the year, assets doubled while liabilities were reported at 150%
Assets and liabilities started with balances of P75,000 and P25,000, respectively. By the end of the year, assets doubled while liabilities were reported at 150% of the year-end balance of capital which in turn was a 20% increase from its beginning balance. If operations were favorable with a resulting figure of P25,000 but the owner made withdrawals during the year amounting to P40,000, then additional investments placed by the owner amount to
P25,000
P10,000
P35,000
P90,000
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