1) 254,000=104,000 + ____ a) 105,000 b) 150,000 c) 145,000 d) 150,010 e) 105,500 f) 110,000 2) _____ = 635,700 + 400,500 a) 10, 036, 200 b) 1,063,200 c) 10,63,200 d) 1,663,200 e) 1,036,200 f) 1,663,000 3) John purchased a smartphone worth P50,000 paying only 50% in cash and the balance will be paid next month. What will be the effect of this transaction to his assets? a) Increase by P50,000 b) Decrease by P25,000 c) No change on his assets d) Increase by P25,000 e) Decrease by P50,000 f) Increase by P75,000 4) What if John paid in full upon his purchase? What will be the effect on his assets? a) Increase by P50,000 b) Decrease by P25,000 c) No change on his assets d) Increase by P25,000 e) Decrease by P50,000 f) Increase by P75,000 5) John purchased a smartphone worth P50,000 paying only 50% in cash and the balance will be paid next month. What will be the effect of this transaction to the accounting equation?? a) Decrease in assets, Decrease in liabilities, no change in OE b) Increase in assets, decrease in liabilities, Increase in OE c) Increase in assets, Increase in liabilities, Decrease in OE d) Increase in assets, increase in liabilities, no change in OE e) No change in assets, increase in liabilities, increase in OE f) no effect in the accounting equation

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