Ramos Inc. has total assets of $1,100 and total liabilities of $800 on December 31, 20Y6. Assume that assets increased by $200 and liabilities decreased by $100 during 20Y7. What would owner's equity be as of December 31, 20Y7? O a.

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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