Accounting Equation

If the total assets is Php 12, 850 and total liabilities is Php 3, 870, how much will be the total owner's equity?

• Php 8,980

• Php 8,890

• Php 9,890

If the total assets is Php 2,365 and the total owner's equity is Php 2,250, how much is the total liabilities?

• Php 125

• Php 120

• Php 115

What is the correct formula for the accounting equation?

• A= OE-L

• A=L-OE

• A=L+ OE

Purchasing supplies in cash will make the _______.

• Assets and liabilities decreased

• Assets increase and liabilities increased

• assets increased and assets also decreased

Investing Php 1 Million cash in the business will make the _____.

• Assets decreased and Owner's Equity increased

• Assets and Owner's Equity increased

• Assets increased and Owner's Equity decreased