Learning Task 2 Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 P. Case 2 Case 3 P 120,000 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. 35,000 35,000 65,000 Case 3 Case 1 P 100,000 35,000 Case 2 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Learning Task 2: Basic Accounting Equation
A. Direction: Fill up the missing amounts for each case
Case 1
P 100,000
45,000
Case 2
Case 3
Assets
Liabilities
Owner's Equity
B. Expanded Accounting Equation
Direction: Fill-up the missing amounts for each case.
P 120,000
35,000
35,000
65,000
Case 2
Case 1
P 100,000
35,000
Case 3
Revenue
P120,000
Expense
Profit/(Loss)
35,000
45,000
25,000
Transcribed Image Text:Learning Task 2: Basic Accounting Equation A. Direction: Fill up the missing amounts for each case Case 1 P 100,000 45,000 Case 2 Case 3 Assets Liabilities Owner's Equity B. Expanded Accounting Equation Direction: Fill-up the missing amounts for each case. P 120,000 35,000 35,000 65,000 Case 2 Case 1 P 100,000 35,000 Case 3 Revenue P120,000 Expense Profit/(Loss) 35,000 45,000 25,000
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