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On january 1, the assets were P500,000 and liabilities were P200,000. During the Year the assets increased by P100,000 and liabilities decreased by P50,000. Owners equity on January 1, was?

Updated: 9/27/2023

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Q: On january 1, the assets were P500,000 and liabilities were P200,000. During the Year the assets increased by P100,000 and liabilities decreased by P50,000. Owners equity on January 1, was?

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On january 1, the assets were P500,000 and liabilities were P200,000. During the Year the assets increased by P100,000 and liabilities decreased by P50,000. Owners equity on January 1, was?

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