The initial investment of the owner in his business is ₱75,000. At the end of each year, the total assets of the business amounted to ₱100,000, which consists of ₱50,000 cash and ₱50,000 equipment....

The initial investment of the owner in his business is ₱75,000. At the end of each year, the total assets of the business amounted to ₱100,000, which consists of ₱50,000 cash and ₱50,000 equipment. The equipment has an unpaid balance of ₱20,000, the only liability of the business. How much is the owner‟s equity at the end of the year

Jun 03, 2022

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