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Determine the balance of liabilities at the end of the month

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Question - The assets of the business at the start of the month totaled P1,000,000 with owner's equity at P800,000. Before the month ended, equipment worth P500,000 were purchased, with a down payment of P150,00, the balance on credit. Determine the balance of Liabilities at the end of the month?

Reference no: EM133115450

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