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What the change in equity of the company during the year

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Reference no: EM133010336

Problem 1: If the assets of a company increase by P55,000 during the year and its liabilities increase by P25,000 during the same year, then the change in equity of the company during the year must have been:

Group of answer choices

Option 1: An increase of P30,000.

Option 2: A decrease of P80,000.

Option 3: An increase of P80,000.

Option 4: A decrease of P30,000.

Reference no: EM133010336

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