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The assets of the business at the start of the month is P1,000,000 and the...

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Accounting

The assets of the business at the start of the month is P1,000,000 and the liabilities is P200,000. Equipment worth P250,000 were purchased during the month of which only P100,000 were paid for. At the end of the month, the owner's equity will be

a) P 1,250,000

b) P 950,000

c) P 1,050,000

d) P 800,000

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