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Tito, a 51 year old entrepreneur has operated his TMAM transport (Tito Martinez &Atienza Matie) for over 3 years now. On normal days, his grab car earns P2,500 a day. On March 17, however, the government imposed on enhance community quarantine or lockdown in Luzon. Only private establishments providing basic necessities were allowed to remain in business during the quarantine period. Tito had no income since then up to May 31, 2020.
Problem 1: Tito's equity decreases, because transportation was not allowed during the lockdown. There were some business that increase their equity during pandemic. Write about the ways and means to increase owner's equity account in your real life situtation.
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