Answered

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Problem 1: Compute the amount of the missing element in the accounting equation.
1. A pest control company has assets of P 600,000 and owner's equity of P 450,000.
Liabilities is P​

Sagot :

Theunknownside77idn

Answer:

Given the following information:

* Assets = P 600,000

* Owner's Equity = P 450,000

We can use the accounting equation:

Assets = Liabilities + Owner's Equity

To find Liabilities, we can rearrange the equation as follows:

Liabilities = Assets - Owner's Equity

Plugging in the known values:

Liabilities = P 600,000 - P 450,000

Therefore, the liabilities of the pest control company amount to:

Liabilities = P 150,000

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