e owner of Total Care Trading received the amount loaned personally from a bank amounting to P1,500,000 and invested P400,000 of it into the business. How much is the increase in the total assets of the business?

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is