On February 1, 2022, AA and BB formed a partnership and agreed to share profits in the ratio of 46 respectively AA contributed a laptop which cost him P68,000 and was estimated to have a value of P50.000 on date of formation. BB contributed cash of P250,000. How tmuch is the capital account of BB upon formation of the partnership?
On February 1, 2022, AA and BB formed a partnership and agreed to share profits in the ratio of 46 respectively AA contributed a laptop which cost him P68,000 and was estimated to have a value of P50.000 on date of formation. BB contributed cash of P250,000. How tmuch is the capital account of BB upon formation of the partnership?
Chapter15: Partnership Accounting
Section: Chapter Questions
Problem 14MC: Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at...
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On February 1, 2022, AA and BB formed a
respectively AA contributed a laptop which cost him P68,000 and was estimated to have a value of P50.000
on date of formation. BB contributed cash of P250,000.
How tmuch is the capital account of BB upon formation of the partnership?
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