Expanded Accounting Equation | Basic Accounting Tutorial
Expanded Accounting Equation with sample problems
ASSETS = LIABILITIES + (CAPITAL + REVENUE - EXPENSES)
FORMULAS:
A = L + (C + R + E)
L = A – (C + R – E)
C = A – L – (R – E)
R = A – L – (C – E)
E = (E + R + L) – A
Problem 1:
Assets =?
Liabilities = P18,000
Capital = P45,000
Revenue = P23,000
Expenses = P10,000
Answer: P76,000
Problem 2:
Assets = P41,000
Liabilities =?
Capital = P18,000
Revenue = P39,000
Expenses = P21,000
Answer: P5,000
Problem 3:
Assets = P93,000
Liabilities = 12,000
Capital =?
Revenue = P78,000
Expenses = P62,000
Answer: P65,000
Problem 4:
Assets = P47,000
Liabilities = P16,000
Capital = P28,000
Revenue =?
Expenses = P4,000
Answer: P7,000
Problem 5:
Assets = P87,000
Liabilities = P21,000
Capital = P57,000
Revenue = P41,000
Expenses = ?
Answer: P32,000
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BASIC ACCOUNTING EQUATION - • Accounting Equation with Examples | Basic ...
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