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What amount from the beginning of the year

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Problem 1: Eli's Electronic Repair Shop started the year with total assets of P300,000 and total liabilities of P200,000. During the year, the business recorded P400,000 in electronic repair revenues, P300,000 in expenses, and Eli withdrew P50,000. Eli's Owner's Capital balance changed by what amount from the beginning of the year to the end of the year?

a. P100,000

b. P50,000

c. P200,000

d. P250,000

Reference no: EM132680945

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