question archive On December 1, 2025, AA and BB formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively
On December 1, 2025, AA and BB formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively
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On December 1, 2025, AA and BB formed a partnership, agreeing to share for profits and losses in the ratio of 2:3, respectively. AA invested a parcel of land that cost him P25,000. BB invested P30,000 cash. The land was sold for P50,000 on the same date, 3 hours after formation of the partnership. How much should be the capital balance of AA right after formation?
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